Member Info for Callum28

G
You know what the right decision is
Gl

Ahh that cool .
Gl all

Thanks Span
good update
feel better for that thanks
Ill get back too you when the madness dies down in a few weeks :)
lol
GL

#oex #oilex #
If oilex get the funding then the next well won't be a wildcat.

They know where the reserves are
https://financialexpress.com/industry/oilex-cambay-block-has-377-bcf-of-gas-17-3-m-barrels-of-oil/64372/

And they know how to get it out now

https://www.sharecast.com/news/aim-bulletin/oilex-unveils-favourable-fracking-analysis-for-cambay--2827749.html

Do that maths !!
Gla

Yup me
But I'm down the beach walking the dog .
So forgive as I type on mobile
Exciting stuff but I suspect just the begining those who have been here long enough know the potentail .
I suspect the will be keeping a tight hold of there shares .
Gla

The stock market is filled with individuals who know the price of everything, but the value of nothing. –Phillip Fisher
Should have wrote that about oilfields !!!
I'm going out for a walk down the beach catch up soon everyone

It's ages since I've gone through the old goverment of India stuff.
Got to start looking at it again
I mean we paid Niko $5.5 million for %15 of Cambay back in 2013 but that also included sarambati and Bhandut at 40%
Given inflation increases since then
2.2m seriously undervalued Cambay imo
Something's screwy .
I won't even get into how much Cairn paid for CB-ONN-2001/1 on the same shelf .

Yes it is Tiny volume but at that spread it means someone is either confident or just trying to create a buzz .
Could be either who knows
The finance thing is bothering me though as I can't see how it works out.
Anyway we will wait and see
Intresting with the Elections going on they have held Gas Prices of Major fields
https://www.livemint.com/industry/energy/india-keeps-domestic-natural-gas-price-unchanged-at-1-79-per-mmbtu-for-aprsep-11617247904449.html
But I'm pretty sure we had a special price last time we sold locally.
https://www.energyvoice.com/oilandgas/72867/oilex-receives-endorsement-sale-gas-cambay-77h-well/
I would hope for at least $6 if they can get the wells back up even at low vol.

Hi Gordon
I've got the transactions here
https://stocknessmonster.com/quotes/oex.asx/
About 2.5k in aus dollars
As for the Finance it certainly is making me scratchy head .
Gla

Someone has bought at 4c in ASX only a few $1000 dollar but still intresting not seen that since Feb.
Gla

Hi Span
Hope your well
Been running some no in my head
I'm interested in your thoughts on the value of the field at 2.2 m and if it still allows a farm in at that value .
Seems to me it leaves only one other route for finance and ADVANCE scenario
Just chewing the bone working some no's .
I know u been here for a while so respect your opinion.
Cheers

I it would wait for Boris to meet up with Joe in India for a curry .
Hmm we shall see what come of this strange movement.

Yes I agree
I understand some.people are traders here some LTHs etc etc.
I was really surprised though to see infaltion running so high in India at I think it peaked at 7 % last month.
Here's a list of inflation of past 20 years in India.
https://www.macrotrends.net/countries/IND/india/inflation-rate-cpi
What it clearly shows is that we are entering a higher phase.
That's Imo has implications in terms of energy strategy for India and the Modi gov must feeling the pain with costs.
Anyway I know tomsome it's boring stuff but I find it fascinating in terms of commodities .
In short the will have to create hedges for commodities cost one of those ways is to own those commodities or invest in those commodities so they "have skin in the game" as the price increase
Anyway its all a bit in depth and I understand if most people aren't interested but I find it quite interesting.
Also the major Banks are all saying Inflation is back and that affects commodities.
And there no country more sensitive to commodities inflation the India.
Sorry to bore everyone !

I genuinely didn't know that inflation was running hot in India due to oil gas prices .
Pressure must be on Government to show they are doing something.
Nameless 2870394 (@2870394) Tweeted:
Pressure in India due to commodity inflation is oil price
https://t.co/I5XQbLAO3J https://twitter.com/2870394/status/1376991026573934599?s=20

Hi Yuri
Well if he's not going it will have to be some major British energy guy maybe she'll bp cairn
Sort of like the that movie Big with Tom hanks where the swop bodies.
Then we could watch them Dance to the markets in Tandem ;)
https://youtu.be/25CtoSJD9eo

Seem if you patriotic you should follow Boris investments !
Hmm maybe invest in a hair cut
https://www.thetimes.co.uk/article/johnson-is-backing-india-should-you-do-the-same-p02dtrhch

Ask Joe is he still going ?

Only joking before anyone reports me !

One business leader said there had been "a series of mixed messages" from No 10 on the issue, and said it was possible that there would be a further change of stance

https://news.sky.com/story/business-leaders-left-frustrated-as-pm-abandons-india-trade-delegation-12260275

I also agree about Aex partner ,it would be nice to get someone solid.
However most Oil and Gas co I look at are miles away from core markets .
Either in Alaska or Africa or Russia .
Even the UK oil co on land face envoirmental obstacles .
Oilex has always had a good location the problem has been an in ability to deliver the goods followed by stifling bureaucracy .
Let's hope we can solve them both .

Sorry here the link to a hedge fund who bet went sideways.
https://www.cnbc.com/2021/03/29/credit-suisse-exits-positions-with-hedge-fund-warns-of-losses.html
Seems to be why some of the market is willing off

On a side note.
“You only find out who is swimming naked when the tide goes out. “
I think we are entering that time again in some stocks world wide .
Look at this poor hedge fund that got caught out ;)
I think I'll stay in oilex for now
“Luck is what happens when preparation meets opportunity