The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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AimingHigh2021
Not sure I follow your logic - the RNS seems to explain that this (name change) process is pretty much an isolated piece of business, why would it have an impact on the share price on its own?
Is the new SP the same. Will shareholders lose out. Sounds fishy to me.
It’s a binary bet though conger - so most investors would never put more than punt money in.
no, it is just people still buying over 16 i reckon.
Out?
Shorters getting oit ?
....position before results, although they could come earlier.
As mentioned, with notice that all is on plan to start, the blue trades arrive.
1. Market cap £13m with 100% of Cambay
2. Cambay was valued at many many times that in the past (over 100m i believe) so with the massive increase in GAS and Oil prices at the well head Cambay must be worth at least £75m with a successful frak.
3. Frak happening with an expected 75% success chance with results in the next 6 weeks.
Therefore there is a 3 out of 4 chance of a 6 times valuation of Oilex main asset, is really is not unreasonable ......
to add further weight to this some years ago in one of my conversations with am Oilex SM, 100% of Cambay was valued by the SMT at $60M USD this is before a successful Refak.
As if by magic lol
Good to Know it is almost good to go,
That's from a RNS just released
All of the equipment necessary for the re-frac operation has arrived onsite with the exception of the coiled tubing unit (CTU) which has been delayed by monsoon season related rain. The CTU is expected to arrive onsite tomorrow after which the initial stage of the re-fraccing operation, perforating the zones to be hydraulically fractured, will commence.
The actual fraccing operation is anticipated to last 7 days and will be followed by flow-back and testing. We currently expect to be able to announce the results of the re-frac operation in August 2022.
No crack on the Refrac ???
Elegance, not sold a share since the TR-1, in fact topped up a wee bit since then.
Morning elegance, I certainly am. Credit to the team for not having let the monsoon season slow them down. I’m hopeful for an update coming out coming days saying actual re-fracture has commenced. Let’s see, atb
The calm before the storm .....
buckle in .... equipment still being rigged up in preparation for the refrac there are NO DELAYS
expect news soon...GLA
Agreed, silence on these matters can be deafening!
Perhaps an RNS stating works have commenced on site.
Still confident Espen? Not sold a share? Fair play if your holding strong… Till lukku ;)
Let’s hope we won’t have a seven-year itch Gordon - lol
I've been ready for seven years Espen. Lol. Gla.
Everyone ready?
Hey, It about time this was over 20 again tbh IMHO.
I meant the blue trades arrive rather than blue increase.
I would love a nice increase b4 close of play but really can not see this going up for another 2 weeks and again not a massive increase possibly see early .20s