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Better still why don’t you phone him or email him yourself. He’s very approachable, and you might even learn something. Go on…. Give it a try.
Shenners - keep smelling rats if thats your thing, last time you did that a few days ago next day we went up by 10 percent, so another 10 percent tommorow?
Shenners….. and your contribution and research/intel to date has been what? Another pr**k posting complete nonsense.
Yes the RNS did say that - this quarter. And we are still in this quarter for 15 days. And so an RNS would be required to amend timescales anything to the contrary of that. Some are confident on this week due to their research. You, who have done apparently done no research are just spouting fiction / scaremongering because your level of patience has elapsed. Use your head.
TWB: If it is indeed 'days', as in a number I can count on my fingers, then great.
The point is it’s out of Oilex hands and GOI court who knows what is happening in the background
shenners -
why would Oilex go to the lengths of wrestling Cambay off the GSPC for years (after legal battle) for 100% ownership, then do Cash Raise to fund production restart, initial refraccing project / template for rest of the wells, get GOI approval, environmental approval for them just to stop at production and then go "do you know what, lets not bother"? - you're not making any sense or logic, just trying to scaremonger by the looks of it. If people have waited this long for Oilex to go again, then they can wait a few more days. Anyone with an ounce of common is loading the boat now before kick off.
The mighty Roland stated
The grant of the new Environmental Clearance enables the Company to re-start production from the two existing Cambay wells and to proceed with the field development, including the already-funded re-frac of the C-77H well."
Slowly inching back to 0.25 :-)
No I’m basing my views on what’s been stated on official RNS. Please correct me if I’m wrong but did the previous update not confirm we are now able to re-start work? Sorry but some are blinded by hope on here
This is the problem with a lot of folk on here, it’s only Tuesday ffs. Some people have been waiting years for what might be coming to fruition this week, and you’re moaning after 2 sessions.
He also advised drills ordered etc to save time in anticipation of news, sorry but if he’s done this without official sign off it’s borderline reckless. I smell a rat here and time will tell
Apologies to Oilman. He said 'great week' not 'big week'.
Still 3 days left for us to have a 'big week'. I'll suspend judgement until the weekend. Nothing by CoP on Friday and you can get stuck in.
Jasper and Oilman your intel is looking very iffy I’d say
Hi Conger. Knew I'd seen it somewhere that the cash calls had been finally settled in full. It ead in last years annual report on 22nd September 2021.
" During the financial year, the Joint Venture received US$0.364 million gross from GSPC against outstanding cash calls for Cambay. An additional payment of US$0.543 million has been paid by GSPC to Oilex on 4 September 2021 as settlement for all remaining unpaid cash calls. "
Atb.
Impossible to say Toptuf. Refrac good - Boom. Refrac bad - fizzle. Gla.
Looking unlikely. I was surprised to see the vehemence with which my post about .4 at year end was greeted by Oilman, given that two weeks ago I asked where he thought the SP would be at the end of June only to receive no reply. I assume that he had no interest in these things. Anyway, I'll ask again (and not just Oilman) where will the SP be on June 30th? .3 would be a decent step to year end .4.....
...looking for that push to blue before the close
One thing I will give Joe credit for. He managed to keep Oilex alive when it looked as though all was lost. The miracle happened, we assume, because the preferred bidder pulled out leaving Oilex the only game in town. Atb.
Don't agree at all Conger. After Joe took over in 2016 for about 4 years in a row they lost an amount equivalent to cash calls each year. Would have done far better to write them off after a year or so. Pretty sure in a previous report they said in a previous report the cash calls had been settled in full. Atb.
And that Miracle was delivered by Joe, Gordon.
I take your point oilman but some are so far down it's not worth selling and moving on. I was in the same position. At one point I was 80% down and expected to lose the lot but got the miracle I needed.
I am in quandary....
I can see real value in this share and have set my sell point, but i think it will go much higher in the coming months....
Am I just being greedy for a bigger profit of take my money and run with a reasonable pension fund mostly thanks for Oilex?
Where in my post did I say I had made any calculations? I simply pointed out that I would be happy with double the share price that we have today; hardly an outrageous investing strategy. I won't be selling at this level as I would be making a loss. As for potential, I have been hearing about this since I bought the shares more than a year ago. I would like to see the cheque in my bank account, not in the post. It always amuses me that those who continually say that something big is about to happen but doesn't want to ridicule those of us who express doubts that big news is coming because we have heard it all before. As I said at the weekend, if you are right that this is the big week I will be the first to congratulate you. If it isn't, will you come on here and say you got it wrong?