2015 :Oilex: Cambay block has 377 bcf of gas, 17.3 m barrels of oil
2001: Range resources : Began to transition to a more technically driven growth strategy with the objective to achieve consistent growth in reserves and production through drilling. The acquisition strategy focused on incremental interests in existing and adjacent properties to enhance growth. At year-end 2001, reserves were 513 bcfe. - See more at: http://www.rangeresources.com/company/company-timeline/2000---2006#sthash.zKxSAML8.dpuf
Government of India’s Oil & Gas PSU ONGC has drilled one well in Gulf of Cambay Basin in Gujarat to explore potential Shale Gas where coring has been completed. Further, ONGC has started one more well for shale gas & oil exploration in Gandhar area of Cambay Basin. In addition, ONGC has collected cores from another 8 wells. ONGC has invested Rs. 78.91 crore for exploration of Shale gas and Oil as on 31.12.2014. assessment of the potential of shale gas and oil by OIL India limited is at the nascent stage. Technical experts sees huge potential of Shale gas in the Gulf of Cambay and other nearby areas.
For meeting the country’s growing energy demands, exploration and exploitation of shale oil and gas is essential
The question arises as to whether the Company will trade as an independent entity, or whether the current market “worth” discount to the inherent value of the asset will prove to be too tempting for an industry player.
Exactly my point too. But I have made many such points as far as thkis lot are concerned and involved, not to mention what I can only describe as totally obvious underhand series of nonsense in mVho, yet I got so much flak that In future I will cast opinion and give possibilities due to history, and the historians involved here and simply ask if others can understand better than all I can come up with.
adams, I have no idea what went on but if you look at the trades list, the buy at 4.78 was placed as buy, then instantaneously cancelled, and re-listed as a sell at 3.78p, you'll notice all 3 trades are listed as taking place at 13.25:38pm
not up on who can do what with orders but there was approx 30 mins between the original order and the correction.
I think if I phoned my broker and said I've made a mistake, can u reverse it?, I have a feeling I know what the answer would be lol.
Well any full explanation could only be given by te person that hit the keys (in error as I stated at the time) But, how can you make such error? possibilities lol 1/ you put a buy order on and put a "4" instead of a 3. BUT, can the likes of you and I cancel this after we make such error? 2/ You put a sell order on and hit the 4 instead of the 3, in which case it would never get actioned. 3/ You could have meant to sell at 3.78p but made two mistakes, you put a "4" instead of a "3" and then hit the buy button with a second mistake. but then again could the likes of you and me then cancel it. 4/ it wasn't a spike as the sp never moved, so who made the mistake and who bothered to record it and how was it cancelled? 5/ was it a msg,? if it was, and I totally believe in msg's rather than the old codes, then one day soon we may see the answer which will undoubtedly be argued as total coincidence when I draw attention to it as I have with many other coincidences before now and got insulted. Any votes on one of the above, or any better explanations?
Ive learnt a lot over the past few years and I must say your certain parts of your older post have become very clear to me.Lets see what unfurls over the next 6 months then we can judge I guess , they really don't have a better chance then whats in the up coming pipeline to make this finally succeed for both Cambay and Canning .
Jeffrey D. Auld appointed as a UK based Independent non-executive director of Oilex Ltd • Strong commercial and financial background in upstream oil and gas for 24 years
Oilex Ltd is pleased to announce the appointment of Mr. Jeffrey D. Auld (48) as a UK based independent non-executive director. Mr. Auld has over 24 years of experience in the oil and gas sector focused on financial and commercial management in upstream oil and gas development and production. His career spans working for a number of major financial institutions, including Macquarie Capital (Europe) Limited in London where he served as Managing Director - Head of EMEA Oil and Gas. Other financial institutions include Canaccord Adams Limited and Goldman, Sachs & Co. In addition to tenure with financial institutions, Mr. Auld's experience includes corporate and commercial management in exploration and production companies such as LSE-listed Premier Oil Plc, PetroKazakhstan Inc. and Equator Exploration Limited. Mr. Auld currently holds directorships in AIM-listed Lansdowne Oil and Gas plc., Sabalo Energy Limited and Burnt Stick Advisors Limited. Mr. Auld brings to the Oilex Board a wealth of experience and knowledge of capital markets and upstream development financing strategies. These skills are important for the next stage of growth for Oilex through increasing production at the Cambay Field in India after recently completing proof of concept activities on the Cambay-77H well.
"The appointment of Jeffrey Auld as a director of Oilex Ltd is a key step towards further raising the Company's profile in London and the AIM market. Having a director, experienced in the London Capital Markets and upstream industry, resident in the market, where a majority of our shareholders are based and shares are traded, will enhance the understanding and profile of Oilex. On behalf of all the directors, I welcome Jeffrey to the Board and look forward to his positive contribution to the ongoing development of Oilex."
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