OEX 0.00% 0.3¢ oilex ltd

news ahoy..

  1. 5,609 Posts.
    this week we should hear about the oman well test and oil shows etc. i also think we will get news on the first new well in India. This new well in india is very interesting. I think its got potential for a 240m gas column and truck loads of oil. This is a highly prospective play with 4-6 wells due this year. Oilex is the operator and owns around 45% of the wells. This basically means we will get news flow on Oman and India in the updates. 8 wells going into oman and 6 into india. both these oil plays are excellent opportunities for us. India has been drilled before, so the oil is there, its about proving up reserves and bringing them on stream. dyor and good luck if you like oil. I like the oil price. see ya
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