This was a great announcement which virtually told us that 77H is going to be put on production and that there are plans to process the gas to pipeline specification .
As it stands the valuation isn't far from the mark but very soon it will be woefully undervalued .
Think about all those accumulated allowable costs and historic tax losses in India which can be offset against future revenues .
The selling is a typical feature of AIM shares and a reason why I prefer companies which are listed on the ASX , Nasdaq and even TSX .
AIM really is the worst most manipulated market out there .
What we need is for people to get a sniff at the potential upside of the Cambay so they stop treating Oilex as being synonymous with Cambay .
OEX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
