OEX 0.00% 0.2¢ oilex ltd

rumour of the day

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    Rumour of the day

    Things may be looking up for Oilex, the gas and oil explorer whose shares, up 1p at 24¼p, had withered from 80p last year on drilling delays. There is chatter that it has struck oil a second time at its Cambay field in Gujarat state. Word is that a second well is flowing twice as fast as the one nearby already announced. That should start to improve cashflows.

    http://business.timesonline.co.uk/tol/business/markets/article5051611.ece

 
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