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Agreed. Espen, as expected, nothing new. Atb.
I agree. You don't go to sea in a dinghy under an increasing forecast. You just don't.
+xx% soon, by soon I mean by the end of the year.
Chop chop, BOD and India!
Well, there isn’t much new news in it tho.
I really do think not all trades are being put through today .under 6 million last trade 11.10 after quarterly report update .a bit strange to say the least .
Hi Conger. At the risk of being accused of nitpicking $A4. 3 million is £2.3 million. However that is largely inconsequential. It is as you say, what the jv is willing to pay for a chunk of Cambay that is all important. If it was really £10 million for 40% that that would pay for the first two Wells with a big chunk left over. Substantially less and it looks a bit more tricky. Here's hoping. Atb.
“ This should be booming”
Quite right, however this is standard AIM behaviour. Many are playing along of no news until later so money is going elsewhere. The build up in price will arrive at the end of August hopefully in anticipation of the green light in September. That’s my take on things anyway…
This should be booming way undervalued tbh
I’d prefer if we went it alone IMO the cambay assets should be worth what’s been spent developing it ie 125 mill if someone wants in 12.5 mill for 10%
At 30 June 2021, Oilex retained cash resources of A$4.31 million. The Company has no debt. - this better news. :)
Under valued
UK Cap --- £11m
Vs - Assets of
£3.2m in cash
100% of Cambay Worth Say £25m less £1.5m owing. - £23.5m
17m Armor Shares - £0.26M
100% of P2446 (Irish sea) -
TBA% of West Kampar (described by Joe as a field that can quickly be turned in positive cash flow)
10% Timor missus £.6m liability
Historic cost asset - £89m
throw in a JV paying say £10m for 40% for Cambay
they are in much better shape then the last few years., very much under valued.
Cambay valuation based on share target price range post 100% control of Cambay. I see this as sitting on £35m plus Cap based on a good JV announcement with over run .75p-1p on the day, this is what I expect in the next 8-12 weeks as a peak.
Strong buy.
Good rns just a little patience now GLA I’m very happy with what I’ve read