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.

RF this company qualifies for an ISA.
cyril

Thanks for the info !

I doubt if Barclays will allow this one in an Isa...This does not report in Pounds Sterling like JLP does...that as well as being dual listed is one of their conditions for an Isa...I bought in this morning...I must hope for more good news now !

Afternoon RF, aye you are right with regards Barclays, don't know why though, I would have thought that it was HM Gov. that decided such things. Anyway it seems to be 'OK' for other ISA providers. I have this one in an ISA with 'IWeb' the HBOS version, no problem.

Ain't it funny how we can't get consistency on even these simple things. :-)

Onwards and upwards from here I hope.

Final results can be found on their Web site.
cyril

Nice article!

Click HERE

Afternoon all. Good, positive article indeed Andy.

I see the results are showing a larger loss than last year. It never ceases to amaze me how sometimes shares 'tank' on great results and 'fly' on increased losses. Wonder if that will happen here. I suppose it all becomes academic if the field development plans unfold as they are intended.

OEX has a good spread of 'remedial', 'development' and 'exploration' assets in my view.

The one thing this company does well...is that it keeps you up to date !

Proactiveinvestors have written an article re OEX, CLICK here

Maybe this will get OEX on the radar screens.

:-)

Back at 46p...weakness prevails.

Aye, and with oil on the decline, this will need further positive reports to move it up. Still holding.

Best company for updates....(merits some Aim award for that), still in and hoping it will come right in the end.

34p now...as I've said earlier. It will go to 20p range.

Not being an oil expert....so this is a guess....I would have thought that a 60m gross oil pay zone is a lot....perhaps this well may exceed expectations by a lot !. Looks undervalued this share !.

The well being in Oman.

A glimmer of blue in a sea of red. More positive news to come?

Ridiculous drops everywhere....!, what can one say ?, nothing makes sense....! even the oil drop is way overdone now !.

Yes! Below 20p now as I predicted in August above.

Excellent updates by this little known oil company.....but with oil dropping : the market is failing to mark the sp up !.