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Oilex Share Chat (OEX)



Share Price: 0.525Bid: 0.50Ask: 0.55Change: 0.00 (0.00%)No Movement on Oilex
Spread: 0.05Spread as %: 10.00%Open: 0.60High: 0.60Low: 0.525Yesterday’s Close: 0.525


Share Discussion for Oilex


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guod7
Posts: 938
Off Topic
Opinion:No Opinion
Price:0.525
RE: New drills
Thu 16:43
My greatest concern is the length of time this impasse has continued for. GSPC is a large State entity so it's unlikely just to be a case of the money not being available.
 
spudulika
Posts: 1,854
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.55
New drills
Thu 14:08
Will require fund raising - how easy will that be considering the Zeta fiasco? Due diligence will take on a new meaning for any new investors methinks.

GSPC really need to stump up their part of the cash or release part of their equity for us to be able to continue..
Spikeyj
Posts: 14,362
Off Topic
Opinion:No Opinion
Price:0.55
RE: Spikey
Thu 12:12
you might be right, and
you might not be. it just
looks like you are guessing.

me, i haven't seem
much exciting good
news other than the
zeta dispute resolution.

if gspc do come back on
board as a constructive JV
partner who can agree plans
& assist financing, that's great!!

but if not, then the question will be *what
else* is meant by 'various approaches' in
text below, & implications for cambay. (e.g.
value falling how far short of 'maximum value'?)

"The Company continues to engage with its joint venture partner Gujarat State Petroleum Corporation (GSPC) to resolve outstanding cash calls and gain approval of the 2016/2017 work programme and budget. The resolution of these matters is essential for the Company to extract maximum value from the Cambay Field. Various approaches to progress work at Cambay are being considered."
JayMonk
Posts: 685
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.55
Spikey
Thu 12:01
Commenting on the update Mr Salomon said "Last week's agreement with Zeta Resources Limited to end legal proceedings between the parties has provided Oilex with a clearer path forward and was a key priority for us. The revitalised management team can now gather momentum on the path to the potential development of Cambay that reflects what was learned from the previous wells. We look forward now to resolving issues with GSPC and progressing work at Cambay".

I do not think we have long to wait for new MD JS to sort this issue out, since JS has taken over it has been pretty much good news, so i am confident he will sort the issue with GSPC
Spikeyj
Posts: 14,362
Off Topic
Opinion:No Opinion
Price:0.55
RE: Oex
Thu 11:51
simpler explanation,
there has been no
news to indicate that

" the issue with GSPC is successfully resolved"

... & until that happens, OEX is still
wriggling painfully on the hook, & the
attempted p&d re zeta RNS has worn off.
uggthethug
Posts: 447
Off Topic
Opinion:No Opinion
Price:0.55
Oex
Thu 11:46
Inside trading what do they no
Look for rns
Spikeyj
Posts: 14,362
Off Topic
Opinion:No Opinion
Price:0.55
RE: all the ..sellers
Thu 11:43
? perhaps simply,
they live to fight
another day,
elsewhere ?

... not much joy in
going down with ship ..
mannnan
Posts: 29,223
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.575
all the ..sellers
Thu 10:39
sellers ........what they make out of it
skuncik
Posts: 52
Off Topic
Opinion:No Opinion
Price:0.60
sad price
Thu 10:35
:(((((((
skuncik
Posts: 52
Off Topic
Opinion:No Opinion
Price:0.60
Do you recon
Thu 08:43
they do duplicate "buys" or split them into multiple quotes to keep the spread as low as possible?




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