2p? Well should it reach 2p I think all would agree that would be on the back of 2 issues or resolutions/agreements. Those being a deal with gspc and as oilex have stated a commercial solution with zeta. What sort of commercial solution one can only guess what is planned or was planned. However, should it reach 2p on the above, and I too would itch to sell some, that would mean things should be back on track with plans and funding. In other words the 2p would be base line that it never truly should have come to drop below. The problem is, is you look at history, nothing (from my research) has gone smoothly since they started planning 77. Supposedly funded in 2012, then again in 2013, twice I believe, and then again in 2014 only to raise again. Also if you look back at what conventional, (cheaper) wells can produce too, do a bit of research on 64 and 74, 74 in particular. Combined, if I remember they were not only producing 100's of barrels of oil per day but also if I remember correct 1.5mmscfd of gas. So with a proof of concept (77 again we don't truly know how good) 73 and all the rest which we truly don't know what and when, coupled to the known reserves and a gas sales contract. Possibly, were we at the planned stage right now and no nonsense from gspc and who ever is responsible for lack of sales. We would now be sitting, or should be sitting in the 6 to 8p range, awaiting results of 78 and 80 which could have actually taken it back above 10's even to 20's and beyond with successful fraccing. But as Ron said they didn't really want the sp getting ahead of itself, so not winding myself up, just food for thought of what could be again if it ever reaches ollies 2p.
Was just trying to generate some interest /convo etc, so I'll do it again. Well who are oilex? and who's had all the influence. Basically oilex had the boys from cairn come over here to repeat the cairn success story, all very well versed in india and all with the right contacts. Oilex? basically the operator (45% of jv) with an indian company who have to sign agree and committed to pay the cash calls that they signed to approve. Oilex? watts invested as long as bhandari, both with all the knowledge and both with input (dyor r.e magna deal detail) oilex? jv with the biggest gas sales contractor in india (subsidiaries). Now don't it make you laugh that all those above would not together be able to ensure that the jv would sell futile amounts of gas and oil, (if that's all we have?) or at least ensure a contractor that can and would. Ending with, how could oilex become the next cairn?, cairn succeeded where other companies failed. Maybe he meant cambay not oilex.
Paragon still thinks this will be 40p by Christmas and is holding out for 20p minimum before selling? If he does I think he'll be holding this share until hell freezes over! Lop the zero off the 20p and I'd be more than happy to cash in the lot!... I think I'm dreaming of 2p though!
Where do you think the sp would be today if Gspc had not have f'd it up along with bhandari. Oops that don't mean I think that it could be they are working together or an indian, Scottish, aussy conglomerate as years gone by. So where would it be if. 1/ Gspc had paid as per legally binding agreement. 2/ gspc had honoured the agreed and approved work programme that they signed and we were now awaiting analysis of full depth drilled 78 and 80. 3/ where would we be if gas sales contractor at cambay and bhandut (we don't know who or who owns this in india) had actually the intention of procuring and selling all we can produce in india. What do ya reckon minimum of 6,to 8p, or spike to 6 or 8 a couple of times and back to 4p waiting delayed results/analysis of 78 and 80
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