Once the price of oil reaches 17 or 18.00, Oilex can be profitable.
Now that the Asian market is looking a little better, and the driving
season is upon us, and of-course the Opec cut backs, we could start to see a little depletion of oil reserves. They say oil reserves are around 500,000,000 , but the world consumes about 75,000,000 bopd a day. It would be nice to see oil settle at 18 to 20.00. Of-course this is all again wishful thinking. I also of-course along with many other
shareholders would like to see Mr. Yarmak re-evaluate his position
in Oilex. I'm sure these lawsuits are very consuming in time and money. But I do remember him saying once that he would always do what is in the best interest of the shareholders(as is his fiduciary duty). Right now with the rise in oil, the best thing for us shareholders , would be for Oilex to start pumping some oil.
How about we start with BIGFOOT!!!!!
As always goodluck to all of us.
Christine
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