Member Info for addamsrups

Would the indian government support or let gspc go broke, for a few piddly million dollars. Heloooo, this is an aim stock in indian territory lol

this is gspc and avenue
https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-bought-gspc-gas-field-stake-for-half-the-asking-price-of-rs-20k-cr-replacement-cost-ex-ongc-chairman/articleshow/66302922.cms

With all due respect due to I agree with most all you say, there is another factor here that could see some real growth BHANDUT, which people seem to neglect. Bhandut is on offer and is a considerable asset. In quarterly reports, until the last one (sept) it was stated that oilex were in discussions with interested parties regarding selling there share of BHANDUT.

are you the old paragon

well spotted, keep learning

Don't you do any research? Bhandut value etc, how oilex have been in discussions throughout to sell their holding to fund other stuff, including Cambay. Have a read mate, don't just blurt off, realise what that would mean to sp if you are invested. do some research not blind comments

Don't you do any research? Bhandut value etc, how oilex have been in discussions throughout to sell their holding to fund other stuff, including Cambay. Have a read mate, don't just blurt off, realise what that would mean to sp if you are invested. do some research not blind comments

This spiked the day they simply announced bhandut production and infrastructure to follow. Product was bein bullet trucked for a short while until again amazingly increasing amounts of water was announced, so I believe that has been shut in too. So much shut in in this company so quickly, it beggars belief. GLA BUT mega mega millions of assets sat upon. ANDE THAT'S A FACT ,,,,DYOR
Oh and chesh no im not against oilex, or align come to that, just the patterns of how it all works , has worked for a generation and why it will continue the same in aims for many more

That Js is about to drop news that one of the interested parties that were in discussion over purchase of oex interest in bhandut. Stated in 2018 quarterly reports until the last one (September) where it was omitted, that a sale of bhandut has been agreed, MEGA SPIKE if that drops.

sounds like you work with align

what starts on Monday. gspc have commenced arbitration procedure. DYOR (and all) regards arbitration procedures and general timescales of such. Simply google for an example

Bhandari, non exec here at the time and paid by oilex to his own advisory company (ihl) , IHL once owned 5% of oilex , (not sure about now, or where it is if not)

Watts an investor (big share holder) here for around 8 or ten years now I think.

Both were directors at cairne whilst invested and input here as jan brown was at cairne too, (now magna)

Bhandari non exec here, used his IHL company to do deal for 15% production sharing contract at cambay for 6 million, surprisingly they got shares instead lol. Bhandari as non exec here got paid lucratively to IHL for arranging that deal. (that was toilet for pi's in the end)

I digress, the point is. Without the proof of concept well 77h the wise boys put a value of 6 million just on 15% of cambay and 15% future costs too. We have 77h now, we have 73 in production, we have pipeline, so even at 6 million for 15% without all that why is mcap, sp played to 6 million, we have bhandut too.

are you a puma dad

That is my point exactly, but I was told around 4 years ago by an x mm , now a broker to be careful, if anything in aims is good it will go as cheap as poss. It was around that time with my disgust at "all fully funded" then placings, then a deal with magna that was set up by bhandari, that I researched deeper. Bhandari history, watts history, and cairn and command petroleum history. Yes it should be far north of here that's a fact not an opinion, but ask yourself who can keep it down here . It goes deeper than that. Its aim stock on huge asset value, as a prime example of why thousands of pi's get ripped to pieces

Or come to that, mcap is the same money as watts and brown (magna) stated they wanted to pay for 15% of cambay alone on cost sharing, without 77h and pipeline to local grid

But Ive said it for years, certain people want to own this and do exactly what cairn did by working for and working command petroleum and its sp, those people then working and getting millions at cairn moved here and it looks like they are on track to succeed. I got slated over this years ago, but again with all assets and productive wells, why is the sp less than half cost of frac drill

Yes its an lp pipeline but was set to take all demand, they never took simply what was able to be pumped through 77h on a stand alone basis, and from last research even 73 supplies all demand., So another thought, pump in 24/7 and contractor gets an off take, but no, that was not the plan me thinks

Oilex probably own £6million of scrap metal and other sh*t

If you think for one minute that the mcap constitutes less than 50% what it cost to simply drill 77h the proof of concept well that has never been fully tested for output and can supply all demand and is also linked via further costly pipeline.
Then think there are other wells that are productive, then think that there are huge huge reserves still to be down there that would cost more than this mcap simply to purchase for exploration.
Then add to that all the infrastructure.
Then add to that the value of bhandut

Then ask yourself why the mcap is less than 50% cost of the last drill

The point is IMHO is that for some reason two lucrative wells ( cant remember their title but they could even be renamed tomorrow) disappeared off the radar under the md prior to ron miller.

Under Ron miller 77h and 73 were never tested to full capacity, for some reason 77h was put on short test early with frac water still coming out.

It seems for some reason that the contractor (anonymous, laughable) is controlling production figures of 73 and 77.