Australia's largest stock trading and investment forum Australia's #1 stock forum

OEX

Click for more information

20.0%

0.6¢ oilex ltd

Tight hole conditions, page-4

First 4 Last

Share
Profile

Follow
mrthrifty

421 Posts.

13/08/14

19:55

Post #: 13813332
Share

Originally posted by Joatmon ↑

It is usual in the oil business that when a well reaches a critical 'price sensitive' stage the operator (Oilex in this case) declares a 'tight hole' situation and this means that all information is held in very strict confidence until the operator makes a formal announcement to the market. Anyone from the location breaking the ruling by releasing information will be fired either by the operator or the service compant he works for.

"Term used in oil and gas for describing a well where information is to be kept secret. Only people in the know are to hear or see information."

The lack of news is therefor to be expected, and is not unusual.
In my view no news is good news in this case - if the well did not perform Oilex would stop the test to cut costs, and demobilise the testing spread and crews.

joatmon

Expand

Joat, I have never hear of a "tight hole" conditions though one could be forgiven for er...er...er well you know pictures speak a thousand words.

http://hotcopper.com.au/attachments/tight-a-jpg.12102/?temp_hash=c99afd95f156da584d2a1473b350e9a2

Look mummy he`s trying to jump over that other Kangaroo
He just cant quite make it.

OEX Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Optimising your equity market strategy: Tips for investors

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 7 more messages in this thread...

First 4 Last

Add OEX (ASX) to my watchlist

SPONSORED BY