OEX 20.0% 0.3¢ oilex ltd


  1. 4,234 Posts.
    Another summary of where we are at the moment with a few new bits of information. Written from my perspective so go and listen to it for yourself (can be d/l from OILEX BRR link on the website).

    The drilling for 388 that I mentioned a little while ago during the cap raising was confirmed as being fully funded within the current cash balance. I think this was the real reason why they did the cap raising. Nice move by Oilex to make sure they have a final three bites of the cherry before sinking into a possible pennies penny stock.

    When West Kampar was mentioned, Bruce actually sighs considerably. I guess this is an indication of their frustration in being able to move forward.

    He also indicated that they had reduced their expenditure and were conserving some more cash. Did this extend to giving Bruce a pay cut though??? Dont be silly, more options and more money because you fired some people so more for you!


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