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Yes that was by agreement with Armour.
Devils always in the detail .
Gla
(Just watching Cobra Kai on Netflix it's Brillant for us Children of the 80s)
All the best
Yes Callum, I did know. It was described as a voluntary escrow, which expired October 2021. Dont know what the voluntary means, either its binding or it isn't. Anyway, it didn't stop them selling 5 million shares out of the 22 million they had, in the early part og this year. Atb.
They were Escrow as you well know Gordon
Naughty
That would give them about a couple of months cash burn. It's a pity they didnt sell them a year ago when they were worth nearly 3 times as much.
I agree, surely (surely to reiterate) they also must recognise this. One would like to think that if not coming next days/weeks they will just sell the shares, delay the raising until it has come through. Let’s see
If nothing before the fund raise it’s most likely going to be good night Irene and welcome ukog 2.0.
Fridays or Mondays RNS regarding the AGM will be pinochle on where the SP is going.
No
Conger, not seen that point be made previously re the bank guarantee either. So on the basis of that, strictly anytime between tomorrow and end of Jan then? Bearing in mind also the pandemic situation etc.
The end of July is useful, no one told us that the 6 month clock started ticking end of July or i missed it re the bank facility.
FYI the PR advisors...
Thank you for your message regarding Oilex. We are the company’s public relations advisors and are responding on Roland’s behalf.
.... etc
Patrick d’Ancona
Managing Director
Vigo Consulting
Sackville House, 40 Piccadilly, London, W1J 0DR
Of course the biggest shock is they have a PR company. Who knew? Lol.
Thanks for that Conger, even if it is meaningless management /PR speak. So the clock started ticking at the end if July? That is 4 months from when they first said " In a favourable time frame". It is now almost 8 months since they said that and more than 4 months since Roland said in an interview that it would be 3 months or so. Sounds like they neither know or care.
Oilex remains very confident that the approval will be received but appreciate the frustration you have with regard to the delay in its arriving. It is the company’s understanding that estimates for GOI approval range from 3-6 months and the clock started at the end of July when the bank guarantee was put in place. The company shall of course update shareholders as soon as such approval is received.
I emailed and got this none committed rubbish back from their PR company seriously unimpressed, felt handled ....
Agree absolutely Steven. One could be forgiven for thinking they dont give a s*** about private shareholders. Atb.,
Is it too much to ask for some communication from this f****** company ???
Nodel27 ... The problem has always been the inaction from the India side every time, it is so corrupt.
Would just like to inject a little realism here. I have been invested in this company for a very long lime, bought in at 00.23p and could have sold at 00.35p (yes pence) but was drawn in by speculation. I only have half a million so no big deal, but the business plans produced and operated by the board of directors are akin to the outpourings of the buffoon supporting peppa Pig, of which they has a strikingly similarity.
Maqsood. This was a recurring refrain of yours over the summer. I certainly don't expect it any time soon and was being tongue in cheek.
The last time we had an RNS in the lead up to it there was some large buys like there have been in the last few days
Should be interesting time period coming up. I know we’ve all been waiting for news but we seem to be moving from extended period with rather loosely defined timelines to more fixed ones.
AGM this week
Raising this Q
Share disposal
Wells online 1Q, which implies ratification and environment re-approval should also have to be in place.
Refracccing in q1
Ccs license feedback in q1
Tranche 2 expiry in 1H
Test results from existing wells in 1Q
Etc…gla
toptuf 1p?? Maybe not that early,but first target is 0.35-0.40 coming with some good news,imo.
Fair enough, definitely someone is hovering up tho
Hi all,
OEX up 33% today but on a measly 3 shares traded right at the end. At least this makes up for the drop last week to 0.003 on 1 share traded. This is frustrating but I'm holding on for news as only news will shift this share in Oz.
Hang in there all!
51k is not just punt money,it is a large buy,and unless someone is very very confident about news arrival they will not put that kinda money in.
We have seen someone was looking up in past few days and that big buy appear from Friday suggests someone finished loading. Might see tr1 in coming days.?
Bring on the ratification…….
I also put crypto.com money in this , I’m pretty sure of my investment in Oex will pay up