Member Info for Callum28

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I think this was our meeting on the 18th
http://environmentclearance.nic.in/writereaddata/Form-1A/Agenda/11032021UQ45GNR532ndEACMeetingAgendadt18March2021.pdf
Thats a much as I can say or am willing to say
Let the market work the rest out!
Gla

https://environmentclearance.nic.in/

Here Sam ,look harder
Gla

I think the 1p reserves are 90 bcf so u can work the numbers out from there.
I guess the first thing will be to get 73 and 77 back up and flowing.
I wonder if we have a buyer lined up ?

Guess we wait and see what happens market qise
I was always gonna be here till the Drill . No matter what .
Sometimes it's better the devil you know .
Gla

from own CBM block at $6 price
Reliance Industries Ltd has sold three-fourth of the gas from coal seams in Madhya Pradesh to an affiliate of the company at a price of just over USD 6 at current oil prices.

Not our company but a good indication of possible gas prices .
The price bid was 9.2 per cent of the prevailing rate of Brent crude oil price, which translated into a rate of over USD 6 per million British thermal units at current oil prices, they said.
Our 2p gas is according to RISC
206 BCF gas
So 206000000 Mbtu x$6 =$1,236,000,000

IF we can get gas out !

Though Baker Hughes report seems to indicate we can

Oilex says commercial gas flow rates 'potentially achievable' at Cambay

https://www.stockmarketwire.com/article/5638981/Oilex-says-commercial-gas-flow-rates-potentially-achievable-at-Cambay.html

Yes it would be good help the ESG of oilex but first things first let's see if we can get the gas out of the ground !

Quantium
They store it back under ground or so I believe .
Gla

From Twitter
#OEX oilex
Could oilex produce "blue hydrogen from Cambay or Irish sea?
So-called blue hydrogen refers to hydrogen produced using natural gas, with the CO2 emissions generated during the process captured and stored. ...
rb.gy/eadckb

Not sure technically it looks a sell.

It is intended that this initial pilot programme, subject to securing the necessary funding will be followed by a larger drilling programme, with the aim of aggregating sufficient production volumes to connect to the high-pressure pipelines which offer greater offtake stability and improved gas prices.

I wonder will the Government fund a high pressure pipeline to the field of we can extract gas ?

Ahmedabad: Gujarat-based companies dealing in natural gas have seen their stocks rally on bourses following the government’s commitment to bring natural gas under goods and services tax and its plans to spend Rs 7.5 lakh crore to build oil and gas infrastructure over the next five years.

natural gas is brought under the ambit of GST, it will benefit companies operating in the natural gas segment,” said Vaibhav Shah, managing director, Monarch Networth Capital, a city-based financial services company.
Industries using natural gas as input will be able to claim input tax credit (ITC) on gas they consume, and it will bring its cost down and boost consumption, say industry players.
“The consumption of natural gas has also been growing in India with industries gradually shifting to natural gas from conventional fuels such as coal,” added Nilesh Kotak, a city-based stock analyst.
There is also a push to natural gas consumption as the government intends to reduce its dependence on crude oil imports. According to stock analysts, the government’s plans to spend Rs 7.5 lakh crore for oil and gas infrastructure

I see we finished Green today!
Yupee it's green on St Patrick's Day ;)
Here a scene from one of my favourite fights section ever !
https://youtu.be/f_dtqKyo9k4

Happy St Patrick's Day !
Can't wait till pubs are open
Till then I'll try my Guinness and Weetabix haha
https://youtu.be/fT1jPfD67n4

When did they legalise Cannabis in the UK because some is seriously Cheech and Chonged ;)

Hi Quantum
I'm all good just chillin .
As u know I'm an oilex research head so hope fully we get a lie pieces timeline up.
Heading down to beach soon ,I'm in the north of England so can be a bit chilly but dog loves it.
Other then that just playing on fallout New Vegas,I'm over 50 so I guess I was here when pc games first came out on Zx spectrum.
Saying that I remember when Bitcoin was launched and I though what's that all about !
We live and learn.
Good luck all LTH hopefully the pieces fall well for us .
Gla

Gordon
There's a lot more we do know though as well.
As I said anyone can access the Government websites and see exactly what is going on.
But probably best to let the market work it out for themselves .
It's like herding cats !
Gla

Anyone who said the market is efficient has never been invested in Oilex !
I don't get it anyway you stack it we are in a better position then 2 months ago .
It's a hard knock life .!
I'm sure Dr Evil controls this through his MMs

https://youtu.be/OF4dzXYzQPI

Yes Sam
We are pretty chilled here
As I said I'm sitting down having a coffee on the beach as I write this.
Oilex share price is a conundrum and as I said it mainly down to value Cambay .
But anyway u cut it 2m is a bargain if and I say if we can move forward get funding to drill and achieve the baker Hughes techniques.
Of course West kampar and Irish sea are anothe story but I think we will have enough to keep us talking for a while.

This has sparked questions among institutional investors over the company’s governance, with Odyzean widely tipped to make a nil-premium offer for M&B at some point in the future

https://www.telegraph.co.uk/business/2021/03/15/mitchells-butlers-investors-left-nursing-hangover/

It's up to Paid tommake there own mind up I guess .
But I'm out walking the dog on the beach which shows u how confident I am about this delivering .
The pressure in Gspc from Indian government to get this resolved is very high I imagine
Tthe Indianpublic is pressuring Modi goverment due to high petrol prices this would go down a treat in showing how oil and gas companies are investing in India .
There's bigger forces at play bit like the MMs on Lse ;)