Oilexco Chart & fundamentals

lrr - technically there is a difference between depletion and amortisation but most oil companies view them as so similar that they lump them together into a D,D & A charge.

I was told yesterday that Canaccord have a reputation for panicking if share prices fall below their placing price. Apparently they dump stock themselves, making the problem much worse (and no doubt tell the company that it's hedge funds doing the damaage!).

I don't think production will fall - the drilling capaign should provide a rising profile for at least the next five years. Of course, one can't be certain but their prospects are relatively low risk.

Holding on in a relaxed way and thinking about adding yet more.