So suddenly there is no substantial sellers till after 16c. What has happened just recently? Is some of the long awaited news on Cambay reserves/commercialism, future drill funding or the recently ramped up interest in the Canning basin about to be released? ......and hells teeth!!! is it finally good???
Its about time for the summer sun to shine on Oilex......and this looks to be well below fair value on just any commercial sale of oil and gas at even just a low to reasonable production level available from the established Oilex Cambay wells......leading to a likely additional "swiss cheesing" of the Oilex Cambay block.
Value will be assessed daily on this stock and it a long way below what I believe it hits its "Near production+Future intercontinental block potential+Future major income generation potential.
Just my take- but bloody interesting seller stand-off today!!
OEX Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held