We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Licence to drill ! Is that the new James Bond movie ?
I am hoping for north of 2p, but there is a long way to go and lot of confidence to rebuild.
I have been in for the long term for over 5 years now.
Not necessarily.... because if they ‘buy’ at a discount and resell a portion to another investor or partner for a higher figure... they net the difference which then allows them to purchase the rest at their discount.... hence they end up with a bigger share.... more than 50% I would think.
It’s all about completing the sale at exactly the same time for all parties concerned.
Yes that might be the move, discount on Cambay, but to be fair Oilex with 45% has prity much got to agree who ever buys it right? With the 10 licence to drill as well for the site held by oilex or at least the JV.
If you have his number then you don’t need to email. He’s a sound guy and will pick up the phone.
I suggest you call before 10am UK time because once I caught him when he was driving home from work lol. (He was on hands free though!)
Don’t think GSPC are that nieve. They would have a condition in their deal that OEX can’t do that. That’s why I think the condition would allow Cambay purchase at a discount to compensate OEX for lost money etc
Just my opinion of course. Like I said let’s wait until end of Sept when we may hear more about the terms of the sale.
I had a chat with Joe about 1 month ago on the phone, which put my mine at ease.
This is just a personal guess.
The last thing you want to do is disturb this current deal.
Let the sale go through and once they are finally gone and can no longer delay Cambay, THEN that is the time to strike and take them to court for owed payments.
At the risk of breaking my promise (again) not to keep banging on about this, I think you have made my point for me. My guess would be that Joe thinks it was obvious from the wording of the rns that the money was gone. If it wasn't gone, or still under negotiation that would have to have been made clear in the rns. Indeed, if there were still negotiating going on, I doubt they would have issued an rns saying dispute resolution at all.
Hense why I’m saying good luck on getting any info and if you get a tiny glimpse of something. Best to keep it zipped up tight.
Well if he says we got the money and the prices sky rockets. I think there will be a few angry people who weren’t alerted of the news by RNS.
In a word yes. If Joe gives that info, I can't imagine it would be on condition it can't be shared.
What I’m saying is, you were wishing him good luck on finding out about the cash calls.
Let’s say joe tells him, we’re you expecting him to post his reply back on here for you guys to read?
Blimey Yuri, that seems really odd. Why would they say anything that was too sensitive to share ?
Ref: Conger2s email. I can get you fast tracked if you want?
Also good luck trying to get info when there isn’t a RNS for it.
If you are lucky enough to get a tiny glimpse of something then be very careful what you say on here, as it may be held against you.
Conger, what’s your twitter I can help you.
That's great Conger. Really hope they feel able to reply !
Hi Conger2,
How did you email them? I can’t seem to get through via the website. It doesn’t work. Keeps asking for a phone number but doesn’t recognise it when you put it in.
Do you have their email address?
Also...Would be interested to find out what or if they reply.
Thanks
Thanks Gordon, but all in all very good news starting to appear for Oilex.
I agree Gordon.... farm in yes. Raise... not sure it will be so immediate...but yes down the line.
Investinvalue. They have very little money at the ready. That's why there will almost certainly be a raise and/or a farm in.
Just sent them an email re the cash calls.
Oilex message board
ESW? What’s that? Is it like a reality tv show? Love island? Lol
I’m on ESW now (England southwest)