OEX
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20.0% 0.6¢ oilex ltd

I doubt current test flows would fund additional wells. As of...

  1. makattack
    31,884 Posts.
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    07/10/14
    10:02
    Post #: 14084212
    I doubt current test flows would fund additional wells. As of end of June the company had $7.4mill cash in the bank. They forecast next quarterly spend of $6mill. That's to end of September. They only have $1.4mill left at the start of October plus whatever oil they may have sold in recent well drill. Announcement of new broker, my guess is a placement soon to be sealed and delivered.
    Last edited by makattack: 07/10/14
    OEX Price at posting: 11.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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