I think we would have seen the bounce already if it was going to happen.
Hope I'm wrong though.
So F----d off with this company like many others must be.
guod7.....I looked at the presentation and took the context below from one of the slides.
" A formal response on the application is anticipated in 1H2018 although the company believes that a response may be received within the first quarter."
So there we go ( LOL )
Happy Easter all holders
GL
AJAX
PSC.......Extension was anticipated on or before 31st March ?
Now it's June 2018 or could be sooner.
Are they just guessing here about the month or date when hopefully it is granted ?
ASX Announcement
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29 March 2018
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ASX: OEX
AIM: OEX
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Amendment to T2 Capital Raising Conditions
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Oilex Ltd (the Company) is pleased to advise that it has agreed with subscribers to amend the Tranche 2 conditions pursuant to the subscription agreements for the capital raising announced on 17 December 2017.
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The completion of the Tranche 2 of the capital raising is subject to the successful extension of the Cambay PSC by the Government of India for a further ten years on or before 31 March 2018.� The parties have today agreed to extend this date to 30 April 2018.
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Tranche 1 issue of the capital raising was completed on 29 January 2018.�
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A formal response on the application for the Cambay PSC extension is anticipated by June 2018 although the Company believes that response may be received sooner.
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For and on behalf of Oilex Ltd
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