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Current Price of Oil is 45.01 My expectation is for Oil to reach over 48.50 by end of 2016. Invest now for approx 8% increase by late 2016.
2 cents per share .....worthless
http :// www .stockhouse.com/bullboards/SymbolList.aspx?s=OILXF&t=LIST
sorry they took the link out on last post. Just type in "stockhouse oilxf" in Google its all there , its a decent chat board. looks like we might get something back , fingers crossed.
I think you will find all the answers here ,take about half an hour to read ll the threads though . its unbelievable whats happened to this share http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=OILXF&t=LIST
Has anyone got any idea what is going on with this share? I have £7.5k in here and haven't been able to sell them for s**t! Howver, my share valuation does give a numerical value though, which is wierd. Last I heard 10 for 1 scotoil shares, then the day they transferred company was sold and i can't find out anything else!
CORPORATE ACTION EVENT TERMS: Oilexco Inc. has announced a 1-for-10 reverse split, whereby shareholders will receive 1 new share in exchange for every 10 shares held. Also the company will change name to Scotoil Petroleum The ex-entitlement date was 9th June 2011. Accounts will be updated upon receipt of the new shares from our custodian.
I doubt it! I wonder why my portfolio is showing these now worth 6.5p per share??
Just thought I'd let you know I've a marvelous oil exploration text book with 384 pages in it. Just type oil book or oil exploration book in ebay and it should come up. Its got tons of information in it. There was too much too type but I assure you that it tells you absolutely everything you could ever want to know about oil production.
OMG WTF NO FUK ING OIL
Hi everyone. I am aware that Oilexco have gone but I am somewhat confused by all this talk about Scotoil and 1 in 10 share offers. I held shares in oilexco and lost them, is there chnace for any recovery in other company shares. Please advise. many thanks and apologies for being somewhat of a novice on this! Thanks!
info is on their website, name change and consolidation need approval, not yet applied for. They need to get funding in order first.
what is the share price for scotoil?
what the price for scotoil?
ir doesn't matter what market you trade on, if you own oil shares you will get 1 scotoil for 10 oil.
Can anyone shed any light on whether shareholders in Oilexco will receive 1 share for every 10 in ScotOil Petroleum Limited. Or does this relate only to shares purchased through TSX venture and exchange and not the LSE?
wrong bord
http://www.gulfkeystone.com/uploads/proactiveinvestorspresentationjune2009[0].pdf
Any ideas on the timing of the resolution of creditors' claims, Scott Petroleum being formed and the issue of 10/1 shares?
Arthur Millholland, former head of bankrupt Oilexco, is in talks with Premier Oil about buying back one of Oilexco's fields.
Thanks for the update.
I dont know about any of you, or your stock n share holdings but all but the main players are tanking in the US and Canada. Will not invest there for a long time. An absolute lost case for equity, shareholders overthere are treated like rubbish to be thrown out when the binmen comes. So much for the great nation of capitalism its absolutely broke!
On September 15, 2009 the creditors approved the Plan. Then, on September 16, 2009, the court granted its approval to the Plan. In order to implement the Plan and give effect to the Court order, on September 18, 2009, the Company filed Articles of Reorganization under the Business Corporations Act (Alberta) that changed the name of the Company from Oilexco Incorporated to ScotOil Petroleum Limited, and consolidated the issued and outstanding shares on the basis of one post-consolidation common share for every ten pre-consolidation common shares. The name change and share consolidation require TSX Venture Exchange approval. Application for such approval has not been made to date, but will be made at such time as the Company has funds available to it and applies for a return to trading on the TSX Venture Exchange. Creditor claims are to be satisfied in full from the liquidation proceeds. Timing for the completion of the distribution to creditors and ultimate conclusion of the CCAA proceeding will depend on the final resolution of creditors' claims, some of which are subject to ongoing mitigation. However, as the distribution pool has been set and the claims bar date has passed, the Company is free to pursue new business endeavours and financing without need for either creditor or court approval, and without exposing possible new financing or business opportunities to claims from the creditors. YOU WILL GET ONE NEW SHARE IN SCOTT PETROLEUM FOR 10 OF YOUR OLD OILEXCO SHARES.
Many a lesson learned...................
http://www.iii.co.uk/investment/detail?code=cotn:OIL.L&display=discussion