Looks like the new gas price when announced will be in the $6-6.5 per mBtu range. Even though this is not as much as the $8.40 that was previously agreed, i still think a 50% increase would be very good for Oilex. I wonder if it would have any impact on the sp as surely more revenue can only be a good thing.
Doesn't look like anything will be announced before September 30th and hopefully by then we'll have been given a bit more info about how much we are selling / have sold.
Got to go now, but thanks for the input, I compliment you on the time taken to hold discussion on a subject that it seems we do not see eye to eye on. It must be difficult to wade through illiterate and paranoid nonsense. So good luck and lets hope for the best whatever happens. Busy day now Hr gardening then 9 holes of golf with son and also want to be back in time for the 1.30 kick off. Catch you later gla
I think the possibility of a takeover in the foreseeable future is extremely unlikely and for one would be extremely disappointed at such an outcome. Although some would not agree I believe Oilex have undertaken and managed the challenge of Cambay in a professional manner and further more a new kid on the block does carry with it the possibility of tainting what is obviously the a sound working relationship their Indian joint venture partner.
Many of them also very complicated and I truly haven't gone into 100% depth, I have given another example and chose this one simply due to the name lol, Different listing but along the same lines of another possibility
Paragon Offshore announced Monday the completion of its spin-off from Noble Corporation into a separate, publicly-traded company that owns and operates standard specification offshore drilling rigs. On August 1, 2014, Noble distributed to its shareholders one ordinary share of Paragon for every three ordinary shares of Noble held at 5:00 p.m., New York City time, on the record date of the distribution, July 23, 2014. No fractional Paragon shares were issued; however, shareholders who would otherwise have been entitled to receive a fractional Paragon share in the distribution instead received cash in lieu of that fractional share. Paragon ordinary shares will begin "regular-way" trading under the symbol "PGN" on the New York Stock Exchange on August 4, 2014.
I think you are right in general about shareholder apathy on many of the smaller issues however on the one of the magnitude of a takeover bid I can't see to many remaining mute. Though ultimately only time will tell.
This is why I have expressed my anger at give aways, and the appearance that timescales, rather than being indicated or estimated (not just 77h) may be being worked on, rather than some advertisement of all the additional value to oilex, if you overlook 77h for a mo The worst of the worry is that all it needs on bid is recommendation and above 50% voted exceptance. There will be many that wont even vote and we have already seen how easy unacceptable (well to me anyway) matter, has been proposed voted and passed, much of which was and seemingly still is unbeknown to many. There should be time for a counter bid, but how would that be received and dealt with ? Its a little worrying as stated, If it is within or cannot be proven not to be within the rules, then whatever happens happens. Lets hope there is something lined up, higher up, and that we share in that, magna just getting a lovely 19% chunk of it, hence their small period of little investment. We will see but as said, mega monies worth not truly given credence to..
Thanks, makes interesting reading. Obviously if Oilex hit pay dirt with the current well this will change the dynamic dramatically and there could be some predators lurking, however don't think there is anyway they'll get it for a song should it go ahead.
Which is why even the ignorant may begin to understand my anger that we were placed / diluted by 20% (said not needed) at 3.8p and in short resulting in Magna / watts (part of the old friends network) getting 12% of this whole company at 3.25p...............To the view: Many pi's possible even ii's, will not account for the possible $100,s of million' actually invested for a company such as oilex to reach today's status. I do include this as worth to a company and subsequently would feel that any predator would also hold the same view and calculations in their head, never mind the actual to the expert on paper. Therefore. Lets say it was lined up for cairn, just an example. We have great acreage, licences in place and the fact that at cambay we actually have oil and gas, that much is proven. Now we also have made other exploratory drills , yet have 73 a productive well too, all be it 73 is single bore frac and 77 will produce greater....One day lol. what value do all this an canning hold. No need to spend $100mlns exploring as its there, no need for surveys, as done. No need to pay staff and directors to reach this stage, or give more investor funds as rewards. Oex has a decent cash balance, two wholly owned subsidiaries and wells actually paid for producing oil and gas, with % more lined up in an oil and gas rich zone, That is talking the value of cambay, but canning is advanced too. So what is the true value.....I've given my very understated views on this and hence my anger at giving large chunks away when it so obviously could have been done far more sp and cost efficiently. Great opportunity for a larger company to step in and keep 180million shares out. That's why I hope it will not be stolen or worked for such, by buddies, You KNOW WHO?
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