I haven't had the phone call on this one Cussler, but i have had the odd call in the past...pushing for me to take up a share offer, and such...not oex though, anyway i don't doubt they do it...its no different to politicians having people campaign for them to keep the high salary coming in,and snouts in troughs.
I am I reading this right tha Oilex or their UK mouth pieces actuality phoned stockholders to get them to vote in favour of the capital raising resolutions .....or is this leg pull !!!???
I phoned their representatives in UK to give my concerns that options on the letter were not provided to vote against or abstain on the resolutions. Also to ask if this was entirely legal!
HOWEVER as it's my opinion we've all been screwed by misinformation. That being said I did ask if companies like Zeta would have done their homework before commiting to dive in the oil. Therefore it seems to me we must go along with the plan. But will need to keep everyhing crossed snd hope we dont get raped agsin.
Any explanations on the 371000 shares in recent RNS ?
Ring ring...Ring ring.... Ron : Hello Ron Speaking Sundeep : Ron a day or 2 before the AGM ...give Westhouse a ring,and get them to reiterate the buy recommendation and up the target too 7.75. Ron: Okies will do.
Only problem is banjomick...is people have had a gutfull of things just dragging on and on and on, they raise 30mill to do all this work, that should of been done with the countless millions they have raised the past few yrs, by the time they get a third of that work done, half the money is gone in salaries, video presentations...corporate get togethers...lavish lunches...laughing their heads off at how they pulled off another revenue raiser....pretty much like politicians really, don't really care for too much.. other than continuously lining their pockets, with their heads in the trough.
The fundraising will facilitate the following approved work programmes:
• Cambay Field o Drilling and completion of two horizontal multistage production wells (Cambay-78H and Cambay-80H) o Workover operations on five existing wells o Engineering studies for, amongst other things, a larger development of 50MMscfd gas production on plateau • Bhandut Field o Gas production facilities to support gas sales from Bhandut-3 well • Canning Basin - Wallal Graben Play Fairway o Technical work to develop a leads and prospects portfolio to facilitate a farm-out
It is anticipated that the successful delivery of the Cambay Field 2015/16 work programme will be a transformational event for Oilex as we deliver significantly enhanced commercialisation of our hydrocarbon reserves.
By voting to support the fundraising process either by Proxy or in person at the General Meeting on 12 August, you will ensure that your Company has the necessary funds available to undertake its growth plans and create sustainable value for all Shareholders and Stakeholders.
Thank you for your ongoing support and we look forward to growing our Company together.
I was able to sell a parcel at 32.18 4 years ago. I sold another parcel last year at 12.25. If I lose my remaining 50k shares I have still done well out of OEX. While it would be nice to turn another profit here I'm tempted to suggest that I would prefer the Co and its BoD to go bankrupt. I would not trust them to organise a barmitzvah in a convent!
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