Alan, your choice mate, I can understand your reasons. But this time I do think the rise will continue, and things could work out for oilex. After all we can't accuse them of not trying. As for the hyping, it is only a few posters on here coming out with silly daily price targets, can't take them seriously. Good luck.
Good Luck to All investors but I am out with a small profit which I must admit I never thought possible I am not getting carried away with all the hype but sure hope I am wrong and it continues to rise fir all long term investors . It's just that I have seen false dawns before with Oilex . Wishing All Investors The Very Best Of Luck . Have a Good Weekend. Keep Smilling
Ty. Just got into this today. Everyone has a start point somewhere. Been looking at the reports. Have seen the historical "exploitation costs". However in light of todays RNS, was wondering quantum of additional costs as opposed to those sunk. Good thing is that this is revenue generating, but to what extent at the moment in relation to costs? This is the question for me (maybe obvious to some but not to me at the moment). TY in advance.
The forecast for expenditure are all in last figures. Capex hmm. how much will 2 high performance wells and 2 contingent cost. have you been reading this board or have you just popped in on a luvly jubly oilex week. There are many ways to raise this money for drills, but at the mo we have production facilities to put in place to get the group as a whole cash neutral and in india in a profitable situation. Cash burn is basically what the bods decide as they spend time in india from Australia have numerous advisors etc etc. But if they say cash positive in india, maybe we don't need advisory fees and additional salary for additional term as we have them all employed by oilex.
Does anyone know what the cashburn is on this? Looking at figures at interim Dec 14. Cash depletion was 2m, however receivables went up by almost 3m so cash was tied up a little but offset by a 1m spike in unpaid creditors. So come back on a rough calc to explain 2m. What is capex forecast at?
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