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.

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 !.

13.5p now...falling constantly.

Devlin this is the thread to follow no need to start another one for OEX !.

Big losses for Oilex


Oilex incurred a consolidated loss after income tax of
$32,633,462 for the half-year (31 December 2007: loss of $6,721,880). The
significant decrease is mainly due to; a write down of capitalised exploration
and evaluation expenditure following a revaluation of asset carrying values at
the balance sheet date ($17,103,297), increased exploration expensed
($8,010,254) principally from major seismic programmes in Australia,
Timor-Leste and Indonesia, and a net loss on sale of the investment in BOW
Energy Limited shares ($4,317,320).

I remembered this one which was once compared to Cairn Energy. Its Cambay oil field, Bandut and Sabarmati in Gujarat province all come to nothing much.

talk of big upgrades in India reserves i've bought more.

.

65% gain :-))

They chase it to 21p on the news and now it's 10p bid again, bet the advfn
pump and dump mob were laughing at that one.

Guess it's time to watch more closely for a entry point.