Just a hunch, KG Basin was given purely as an example Magna are cashed up and in all probability looking for much bigger opportunities than what Oilex Cambay offers. There is a bonanza sitting in the Bay of Bengal, desperately in need of money and expertise to develop it. Just the sort of challenge that Watts and Co could rise to.
and we already know that watts bhanbdari and brown can succeed where others failed. That is to say, buy as cheap as chips, open up old wells and rename them. Will they again reward mcarthy and this time ronny, poss js too, after all their failings at cambay and bhandut. Well not all failings as we do have lots shut in under review that has production and deliverance facilities in place. albeit it that js has said they are basically uneconomical. And again Conger/all, whats your view on this fact. 77 was linked to 73, 73 was shut in as inmho 77 as we were told met all demand with the local anonymous gas sales contractor until it was shut in too due to approval of renewal needed. joke or am I a deramper
Great posts again credits, keep up the good work. Conger. were I able to agreeb with you thatb I had the ability to talk the sp down, then not only would I not be angry, peed off, amazed at more shenanigans over shut down of cambay and bhandut too, and the fact that js benefits from the sp being as low as poss when he gets his 100k worth rather than that deal be done at say .75p initially rather than mda and then at .77cents, I would be a very rich man rather than a poor one here. Span, wish you luck with wrn, you never know it could come back and you make money. Would be nice to hear that from you as I'm sure you have and are suffering financial loss in all this circle of sh*te, unlike the fraternity and ramping day traders attached to it. Sorry to be negative again but negatives for pi's sp is the only way it works. I took a little gamble the other day and removed 400 quids worth to have a small gamble on chl at 32p. Yes hindsight GOUD, why didn't I do the lot ages ago and switch it back today leaving myself a free ride in chl some in irg, (good gamble) and more back here. Tried to get another few hundred out of this to take a gamble on Irg but nt's only for trivial money even. Stinks! gla
He got the share payment in lieu of cash, the shareholder voted on, for clearing up the Zeta court case.
I know it was money for old rope, as if he failed he lost nothing. As directors in every public owned business only ever get offered positive financial reinforcement. As i read it he had choice of cash, and has done the right thing thing by taking shares instead.
Unless he makes something out of Oilex those shares will become worthless.
Your continual negativity on this share must be talking it down, I have heard your views maybe 100 times in the last 12 months. You are just always talking about history of the last BOD.
We have new BOD and what happens from here is what really counts.
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