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F.uk me heavy buying to see the least maybe maybe GOI conformation at long last ??
occurring
A quick 15 million just traded. Someone's keen!
Hi guod. It depends what you mean by impediment. I have no reason to doubt Jasper when he says he has been told that the restarting of the two wells and the refraccing of 77h can go ahead, if necessary, before GOI approval. Of course, if for some reason that approval didn't happen, it would be pretty disastrous. It's hard to imagine that happening, but this has dragged on for such a ludicrous length of time, it makes you wonder what the hell is going on.
I don't now think a jv rns will follow immediately after the GOI. The will probably wait for the results of the refraccing using the new techniques. Assuming success, they would then be able to get a much better jv deal. Bearing thst in mind, I think it's impossible to predict the sp if approval dropped now. Atb. Gla.
Can't speculate on price but GOI approval is the final impediment and if there is (as they have intimated) a JV partner waiting in the wings that will be when they swoop ... GLA
What are we thinking goi rns will do to share price ?
0.30
0.35
0.40?
Or is that over optimistic ?
Nice little cheeky 25k buy propped up from yesterday
Healthy early trading
Anyhow here we are in OZ and no trades as yet in Oilex after the first 2 hours of trading. zzzzzzz. Still waiting on news
As you can see there was no breakdown in the chart pattern which suggests price of gas will continue upwards. Great for Oilex but not for my gas bill.. Just got an email from my gas supplier stating my charges are going up in February. Yay.
higherhttps://i.pinimg.com/originals/12/ca/02/12ca025ae03d60f2f78601dd37410c5f.png
Hi all,
in the natural gas chart "head and shoulders formation" it has broken out substantially to the upside which is what we want to see. A higher gas price for us investors in Oilex means more interest in the sector and higher profits out of the ground. In a head and shoulders pattern it could've broken to the downside but it didn't. Gas is on the rise as it should be given the thirst for it in India and as an alternative to other fossil fuels' carbon production etc....
N.B I'm not a chartist but I remember following these patterns in the past.
:)
https://www.tradingview.com/chart/?symbol=CURRENCYCOM%3ANATURALGAS
Hopefully we will get confirmation tomorrow that remaining £1.2 of funding is in place. Was anticipated by today latest. Then it’s a question of waiting for operational updates, funding being in the bag for the coming months. atb
So 100 million traded. Wtf was that all about. Lol.
In the pipeline
Hmm. Looks like the rise has fizzled out. I doubt they are doing nothing, but on the other hand it's hard to believe it's that much either. As Jasper has pointed out, the lack of GOI approval doesnt stop them from restarting production and refraccing but it is still ridiculous how long it is taking.
It is completely impossible to calculate a meaningful NAV, as that is entirely dependent on the success, or otherwise, of the improved fraccing technology. If they stick to the timetable (big if) and refrack by the end of the quarter that will surely be the make or break time. Gla.
Yeah Gordon hope so but not too even acknowledge my email is totally disrespectful to holders I have been in since 0.43 which ok I'm down quite a bit on my investment but will still hold as having checked bits and pieces the NAV of the company is about 5 times or more what the share is sitting at now ..just dont know why this is taking so long surely they are not as you say doing nothing and drawing wages from us we the shareholders.
Yes Billy, seems odd that they communicate with some but not others. I suspect they dont have a clue about timescales. Always been the same, even under the previous management. Makes you wonder what Roland is actually doing with his time. Anyway, let's hope 53 million traded so far, means something. Gka.
Well maybe not I emailed them 6 days ago and they can't be bothered to say nothing no reply the communication from them is a joke .no update timeline for months now doesn't take much to tell us when or how soon the GOI approval is going too take
FINALLY!
Hi all,
great early volume! This is more than entire daily totals of recent days. Interest ahead of news maybe??
An increase in price would be a welcome start to an upward trend forming.
Here's hoping :)
....occurring
There’s always a red herring. Exciting times ahead. A little top up might be in order - atb
The shares will be added tomorrow. It will be nice to see the breaks released and a steady upward trend develop as we head towards the end of the month for which we hope is our first gas!
Production commencement proceedings in play with first gas hopefully by end of month. Cash flow generating for the first time in 3 years. Milestone achievement for the company. Don't get hung up on GOI ratification, it'll arrive when it arrives. It is not stopping or hindering any commercial production progress. Re-fracking tender submitted.
In April last year the share price rose nearly 4- fold on news that Oilex were granted buyout of JV partners share so owning 100% of the Cambay tenements if I remember correctly. Imagine how high it could go with GOI approval! At least that surely.
With all the excitement around opening up India to foreign investment in gas it is only a matter of time. The frustrating part, TIME. I'm annoyed waiting but also excited by the upside which could happen anytime now.