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Looking good for a significant re rate after todays transformational update!
Just dropped in after a period of inactivity and delighted to see some news.
Cautiously optimistic about restarting production but the refraccing could possibly be the game changer as there still remain unanswered questions around 77h
Or days. GOI ratification could come any time now and looking how this jumps on news will do 50% plus in a flash
This news will be priced into the placing price now. Don't expect this to drop much lower people. If it does, the buyers will pour in and you'll be caught out. Potential sellers will now also be holding off for much bigger returns over the coming months.
What are the mm's playing at here?
Production is the holy grail and gas prices have risen substaintially which in turn will significantly increase the economics of the well pair
Yes, the timing of the news was on purpose. A teaser of what's to come and a reminder for those in at this level to hold for the 1-2 bags that are on coming in the short-term.
"This is an important milestone for the Company. Production has been suspended for the last 3 years and the re-establishment of gas production and associated revenues is the next step in monetising the significant gas resources in the Cambay field."
Can seen £15k and £20k delayed bys coming through between 0.195 and 20.25p. No surprise really
0.2p has been hammered a few times already this morning. It was NT for over 20 minutes from 11:42.
Evidently, OEX and Cambar at leasts moving forward and there is very limited stock under 0.18p if at all.
767 Million so far and looking at the trades before the placing some was forward sold as they always are in these small mc`s, we could well do the amount in place shares in 1-2 weeks and that is amazing when another share I`m in took nearly 3 months to achieve a turnover of 1.6 billion shares and if achieved will show the demand and how much folks been watching this stock like me GLA !!!
Been NT for 20 minutes at 0.18p.
Says all you need to know.
Ratification is also very close, looks to be a formality and will be a big moment.
It's looking to break 0.20 as we speak. 0.30+ as a first stop.
Many have sold into the multiple rises already.
Many will now also hold for the bigger returns from this re-rate inducing news.
More buyers pouring in as well.
wait for the placing shares cleared
https://www.marketwatch.com/story/oilex-s-london-shares-rise-on-cambay-production-restart-plan-271639560350
Wider market about to catch on that this is a small cap monster. Load up and hold for gold.
This hit 0.40 in April and I believe this will now re-rate beyond that on this news and other expected updates.
Agree, cannot see those who buy at 0.14 selling any time soon as the potential for multiple gains are enormous!!!
Yes, I read a lot of Gordon's posts and he helps keep people's feet on the ground when the ramping crew appear. I find he gives a lot of genuine advice along with Espienviking, also good knowing Jasper13 is a genuine holder who's advice is worth taking a note of.
This is heading to 0.30+ as a first stop all. Re-rate territory now with the funding and this update. Load up under 0.20 while you can.
for although that love graphs
It's good to know some posters are actually genuine people trying to help others make some money. A real learning curve trying to siphon truth from untruth and good from bad.
Thank you for the advice you gave and it is good to know you are a genuine investor.
Hi Jasper, wasn't aware we had been told there was an injunction, or was that one of your chats with Roland? Irrelevant now I suppose. Atb.
TR1 soon
Bluhope...apology accepted. I have only ever had best intentions when I post on here or elsewhere. Everyone invested wants the same outcome and that's to make some money. Today's news is a pivotal turning point and a milestone for the company. This means we are going to be cashflow generating. And for anyone vaguely interested I did clarify with the company how soon would we be turning the taps on after the court injunction was lifted, the response I received was "almost immediately."
this has been one of the main new fronts traders been waiting for and I know there bigger news but it is the green light to get on with it and this share should reward folks in 2022, my only short term wow is 1.6 billion shares on the placing and I LOVE my churn, I think this may do well despite that GLA !!!
What a great morning gla