This is a good growth oil company - its Block 56 in Oman have significant oil bearing structures. it said that the possible presence of a thicker sedimentary section in the eastern area implied a more extensive distribution of the Ara Salt unit into Block 56 and raised the possibility of salt related structures similar to those producing to the west in the main salt basin.

cynic yes i looked long and hard, but i have this feeling that the Dow has not finished its fall yet,which may result in a reaction here?
From my ISA i recently sold my holding in OIL and i'm looking at 3 shares all Isable that look good at the minute,CEY,EEN and OEX. But until i'm satisfied, i'll play safe.
cyril

you may well be right about Dow though am currently long there, having taken a very tasty profit on FTSE short yesterday ...... shall be watching Dow very carefully and will prob shut that position today too on a hoped-for bounce and then stay neutral.

Evening all, now hit 80. Steady as we go. Plan-Do-Review.

http://moneyam.uk-wire.com/cgi-bin/articles/20071029070000P3D6C.html

http://moneyam.uk-wire.com/cgi-bin/articles/20071029070125P8FFA.html

Happy with todays, so i took out a position.
cyril

Afternoon all. Whilst the mood of FTSE and Dow is all 'doom and gloom', here is some pleasant news from the boys 'down under'

http://moneyam.uk-wire.com/cgi-bin/articles/20071109070000P98CE.html

78p and rising. All blue on level 2.

Darradev, yes nice to see it buck the trend. Works out about 320bopd to OEX at
the average output(800bopd)as we have 40% interest in this field, they have a contract to drill up to 5 wells with the rig.
cyril

Evening Cyril, aye it\'s coming together. Would like to see some positive developments on Cambay and then the real potential in Oman coming to fruition.

It\'s going to be an eventful 2008 for OEX.

Darradev
good morning, yes we have a very good portfolio of propects.Just a slight alteration to my previous post, actually 45% share for
this project.So we have a further 40bopd making 360bopd, every little helps.
cyril

Jumped ship this morning onto brr hope this can bring some profit.

http://www.zawya.com/Story.cfm/sidZAWYA20071113041418/SecCountries/pagOman
Alasthe thread does not give up the info.
A contract has been signed with Abraj Energy Services to drill at least 3 wells in block 56 during the next 12 months, with a option of a further 2 6 monthly extentions.
Wells 1500/3000mtrs deep.
cyril

Also drilling news out.
http://www.asx.com.au/asxpdf/20071119/pdf/315wtnpcgjz0d8.pdf
cyril

Afternoon Cyril, looks like the Indonesian well test flowrate results are creeping up with each zone tested.

Further Oman news later in the month or December as well maybe.

Still 'in'.

Beware...the sp is drifting downwards. I would sell now at 70p and buy later.

hlyeo98 don,t you think it worth holding for news of DST-5 later this week? It'll
be the market conditions which could drag this down if anything does.
cyril

http://www.investegate.co.uk/Article.aspx?id=20080102070000P482E
Some news at last.
cyril

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=CF24VIKYTCZTLQFIQMFCFFOAVCBQVIV0?xml=/money/2008/01/06/cxquest106.xml
Can't get this to work? a good write up in todays telegraph.
Recommend BUY at 72.5p
cyril

http://www.investegate.co.uk/Article.aspx?id=20080108070000P5601
So a week on Friday should reach T/Depth?
cyril

http://www.investegate.co.uk/Article.aspx?id=20080115070000P60A8
About 3 days to T/Depth at this rate?
cyril

Positive indications on the latest RNS. Let's see what the next one brings.

http://moneyam.uk-wire.com/cgi-bin/articles/20080115070000P60A8.html

http://www.investegate.co.uk/Article.aspx?id=20080122070000PD5A3
Total depth reached and logging, was hoping for a result to bring some a welcome cheer at this moment in time.
cyril