Member Info for Callum28

It's intresting barchart has 3rd level of resistence at .74 if we break .5 next week
https://www.barchart.com/stocks/quotes/OEX.LN/cheat-sheet
That's a big jump

Most PIs don't have access to this high level Data

Tangible assets will outperform non-tangible ones, and assets with positive convexity will win (those assets that benefit from rising yields and a global demand in resources) and ultimately we are in the final round of pretending we can solve a productivity/solvency crisis by creating more debt.

This means the decision by oilex to acquire Cambay field assets is a good one.

DYOR

Look at Eurasia mining they started just the same way .
The assets are good as is leadership.
Let's all hope for the best

I was here when Oilex did placings from 2.5 c back in 2012 share price kept going up.
Wetherspoons ,Mab all the pub co have done placings.
Why not oilex if it realises capital to unlock that 207BCf
I'm sure they had the same chats in Tesla at the start
Joe's interview should help .

I'm my opinion Placing will be higher then today .
If we reach say anywhere .5 to 1p target so less shares needed .
All a guess so don't put to much weight on it

I'm gonna take the bull by the horns on this one and be up front and honest .
Here's a conversation on Twitter courtesy of Aaron on
be good to hear your thoughts on what sort of structure they are going to use to raise the $2.2m acquisition plus drilling costs for the two wells which could run into a further $2m along with some running capital investment as only circa $100k in account.
Hi Aaron
I honestly don't know what they intend to do but your right there could be a placing .
I've been here a long been a long time in Oex and can say the share can accommodate a placing if the logic is sound .
I think the placing would be at a higher level (if there is)
I can only see a further placing myself, hopefully today's SP reaction to the RNS will allow at least a 0.2-0.25 raise and not lower.
I'm in another Ftse co MAB and they placed a third of float and no share price move at all.
It all come down to.investor confidence.
That's the best I can give you

There's an interesting article here

https://www.shiftingshares.com/placing-shares/

The important bit is about the quality of the Investor .
I suspect the Joe will deliver on that .

Anyway I don't think this will happen till share price is higher and I think Joe interview on share talk will help explain.

Gla

Gordon
I imagine your happier as I now we were both down in dumps pre this increase.
It will go up again I'm sure I would advise into topslice.
That my 2cents

I don't have his personal email
I think Quantum star put a list of emails up before this exploded board wise.
It's in an old post a few days back

I sent this to him on linkdin so he knew who I was .
Thanks for your all your hard work ,much appreciated by shareholder.April 1st update was great .
Nice touch "Special thanks go to all of our shareholders in the UK and Australia for their continued support and belief in the Company. "
I don't know you personally but you have done great job.
Please thank all the board.
Cheers Eamonn

Conger
I sent a message to Joe and I think it would be nice if any one else wants to give them the email.
Cheers

Latest article#oex India needs Oilex to succeed at Cambay National Importance https://energy.economictimes.indiatimes.com/news/oil-and-gas/indias-natural-gas-production-falls-14-in-march-as-demand-dries-up-2019-2020-production-lowest-in-18-years/75323099

Hi Conger
Just calling in now things have quitened down a touch.
Those cash calls would be great to get .

I suspect you will do fine on Tuesday and onward.
I thought the news was quite good TBH.
Seems the next Price Target is 1p or there abouts on chart fibs etc.
I suspect they will hit it given today's action.
Gl

I had to break it down into chucks Gordon
As far as I can see in L2 the MMs have about 5m per block anything above that is NT

Good call Conger.
I think I sold 2.8 m at .0038
Diff to .43 would have been have been 1.5 k but who cares .
Rather sleep at night .
Gl

It's Boris saying how him and Joe are going to be sharing a curry in India .
I told you!
https://youtu.be/uVXjXmy8_Yk

Hi
I think I mentioned earlier today before all this madness that Oilex paid 5.5million for Cambay (and sarambati and bahndhut ) 15%n back in 2013 add inflation then say 8 million dollars.
8 million for 15% so Cambay maybe 45m ?
Based on that deal

Gla

Well done on Today Espen
I'm still in as I am sure you are
We all know the potentail .
Gl

Did u read Spantrout answer to me earlier
Gordon
Might help as I though he was quite concise in thinking

Seems to be hard to get shares .
Really is quite amazing
But it's only the start as LTH know.
They should Derisk and hold .
We all who have been here a while know the potentail and how undervalued it is .
Gl