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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Oilex Share Price (OEX)



Share Price Information for Oilex (OEX)


Share Price: 0.195Bid: 0.19Ask: 0.20Change: 0.00 (0.00%)No Movement on Oilex
Spread: 0.01Spread as %: 5.26%Open: 0.195High: 0.195Low: 0.19Yesterday’s Close: 0.195

Oilex Ld Ord Npv

Oilex is listed in the FTSE AIM All-Share
Oilex is part of the Metals sector






Share Price SpacerPrice
0.195
Share Price SpacerBid
0.19
Share Price SpacerAsk
0.20
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
7,336,324
Share Price SpacerOpen
0.195
Share Price SpacerHigh
0.195
Share Price SpacerLow
0.19
Share Price SpacerClose
0.195
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 2,159.86m £4.21m 300,000

52 Week High 0.34 52 Week High Date 11-JAN-2018
52 Week Low 0.13 52 Week Low Date 9-AUG-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
16 5,249,460 2,086,864 -1.446 -0.13 0.00 0.00


London South East Users info for Oilex




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

21-Sep-18
15:42:42
0.1968
1,000,000
Buy* 
0.19
0.20
1,968
Trade Type:
Ordinary

21-Sep-18
14:24:33
0.1902
500,000
Sell* 
0.19
0.20
951.00
Trade Type:
Ordinary

21-Sep-18
13:17:33
0.1975
105,000
Buy* 
0.19
0.20
207.38
Trade Type:
Ordinary




View more Oilex trades >>

Directors Deals for Oilex (OEX)
Trade DateActionNotifierPriceCurrencyAmountHolding
24-Nov-16Buy
Trade Notifier Information for Oilex Ltd.
Jonathan Salomon held the position of Managing Director at Oilex Ltd. at the time of this trade.
 Jonathan Salomon
0.01USD12,987,0130
29-Sep-16Notification of Holding
Trade Notifier Information for Oilex Ltd.
Max D J Cozijn held the position of Non-Executive Chairman at Oilex Ltd. at the time of this trade.
 Max D J Cozijn
001848218
11-Aug-15Rights Issue
Trade Notifier Information for Oilex Ltd.
Max D J Cozijn held the position of Non-Executive Director & Chairman at Oilex Ltd. at the time of this trade.
 Max D J Cozijn
0.04USD201,8781701878
View more Oilex directors dealings >>


Retour_du_Renard
Posts: 3,380
Opinion:No Opinion
Price:0.195
RE: Core Analysis and Review
Sat 22:10
Just back from a beer festival.

Just one quick observation Mannnan,

In future could you please use $$$ or £££ as the bullet points in future. I think that would be more appropriate.

Night all.
mannnan
Posts: 42,964
Premium Chat Member
Opinion:No Opinion
Price:0.195
RE: Core Analysis and Review
Sat 12:38
The key observations from the expert core testing and optimisation analysis are as follows:

Â

·   The reservoir rocks have the essential characteristics for the development of suitable fractures required to increase exposure to the reservoir and to increase gas flow rates under production. This substantively removes a concern over relative rock strength in the Cambay being lower than many North American projects.

·   Placement of the fractures within the overall reservoir section is critical to achieve optimum fracture length and direction and to ensure that the factures are constrained within the reservoir section. On prior vertical wells the fractures propagated vertically rather than the laterally within the reservoir, thus providing little benefit.

·    Reservoir temperature and pressure offer no specific challenges to the application of the stimulation technologies.Â

·    Clays within the EP-IV reservoir rocks are subject to modest swelling which can be effectively ameliorated with readily available fluid additives.

·   Proppant selection is important to maintain the necessary conductivity for sustained production. Readily available higher strength proppants than used previously are recommended.

·    Given the relative softness of the reservoir, it is critical to avoid over-flushing of proppant, which in past wells resulted in the loss of communication between fractures and wellbore, leading to significant production under-performance. This does not present any major technical challenge, instead requires active planning and management during stimulation operations.

·   Different stimulation fluids are required to optimise the stimulation phases and ensure effective initial fracture propagation and subsequent proppant placement whereas prior wells used a single gel based fluid.
mannnan
Posts: 42,964
Premium Chat Member
Opinion:No Opinion
Price:0.195
Core Analysis and Review
Sat 12:36
Core Analysis and Review Confirms Cambay Potential

Â

Oilex Ltd (the Company) is pleased to announce that the C-23z core analysis has been completed. The analysis, by Schlumberger and Baker Hughes has confirmed that the EP-IV tight siltstones at Cambay can be effectively stimulated, and that commercial gas flow rates are potentially achievable.

Â

The Company has a significant multi TCF gas resource at the Cambay PSC in the EP-IV tight siltstones that requires drilling and stimulation optimisation technologies to achieve commercial flow rates. Schlumberger and Baker Hughes were appointed to complete the core analysis and to report on the reasons for under-performance of past wells. The purpose of their work was to identify any substantial impediments to achieving potential commercial flow rates and to advise on the optimal well and stimulation design required to take the project forward.Â

Â

Both Schlumberger and Baker Hughes are global leaders in the stimulation of tight gas reservoirs. Schlumberger was appointed to provide geomechanical testing, fluid sensitivity testing and proppant embedment testing on the core. The data from these tests along with past well and production histories were incorporated into a review by Baker Hughes to assess the suitability of the reservoir rocks for drilling and stimulation and to also identify methodologies to maximise production from the EP-IV reservoir.
Chesh
Posts: 12,077
Premium Chat Member
Opinion:No Opinion
Price:0.195
RE: Align
Sat 12:25
Afternoon mannnan......

read RdR's post after mine :)

All the best (obvs not a simple equation, although I did the same in me head :)
mannnan
Posts: 42,964
Premium Chat Member
Opinion:No Opinion
Price:0.195
Align
Sat 12:11
price target of 1.60p was based upon 45% current ownership of the asset and not 100%."........what will be 100% ownership must be over 3p if i,m not wrong
View more share chat for Oilex (OEX) >>







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