Member Info for Callum28

Spot LNG prices in Asia rise to $28/mmBtu - Plat

https://www.reuters.com/article/asia-lng-prices/update-3-freezing-temperatures-push-asian-gas-prices-to-new-records-idUSL1N2JN0JA

Oil & gas markets on fire now
Jan 12: All the limits are over now, and the oil & gas market is on fire
8Crude prices will continue to climb much higher, according to all estimates.
8This should come as music to Indian E&P players

https://www.indianpetroplus.com/

LNG prices sky high: Vessel rates on fire too
Jan 08: LNG prices are at an unbelievable high, something unthinkable a couple of months earlier.
8A deal was reported for a cargo of LNG this week at $24/MMBtu.
8What is more, LNG vessel rates have soared like never before.
8All of this is bad news for Indian gas consumers.
8For Indian consumers who were trying to wriggle out of GAIL's Henry Hub based contracts a few months ago, as they were found to be too expensive compared to spot LNG, are now thankful that they could not escape for them.

If we get the funding then the next well won't be a wildcat.
We know where the reserves are
https://www.financialexpress.com/industry/oilex-cambay-block-has-377-bcf-of-gas-17-3-m-barrels-of-oil/64372/

And we know how to get them it out now

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

“The only thing that separates success from failure is one last attempt. Try one more time and you will get lucky.” -

https://www.bloomberg.com/news/articles/2021-01-08/asia-s-big-freeze-sends-lng-prices-into-the-stratosphere

It's in India intrest for Cambay to work out.

Gla

Nope but volumes have slowly increased on ASX so someone is picking stock up over there

https://www.bloomberg.com/profile/person/6745949

This guy is driving the RIM investment in oilex

https://researchmatters.in/news/examining-impact-natural-gas-use-indian-economy-and-environment

Innamincka Petroleum Limited
Acer ebergy
Bought out by drill search
Bought by beach 277 million Aud

Who was the Non exec director at Innamincka Petroleum Limited
And how is the money from his sale to drillswarch of Acer funding his next big bet
?
First time I have ever put a buy recommendation on oilex in years ;)

https://www.zeebiz.com/india/news-big-breaking-news-with-anil-singhvi-govt-plans-to-run-all-industrial-plants-on-gas-ongc-oil-india-to-benefit-145090

Hi Gordon
It's 2015

Here the Document on Oilexs website

2p contingent resources with a 50% chance of probability
As listed
https://www.oilex.com.au/cambay-field/

Turnarounds take seven years :

Interpretation: A security believed to be in a turnaround situation may require a longer time to show results than the buyer expects.

, comes to 720 Bcf gas and 52.8 million barrels of condensate.

https://m.economictimes.com/industry/energy/oil-gas/cambay-basin-in-gujarat-holds-206-bcf-gas-in-one-zone-oilex/artic
Cambay basin in Guj holds 206 Bcf gas in one zone: Oilex



Aussie oil and gas explorer Oilex today said its Cambay basin discoveries in Gujarat hold 206 billion cubic feet (Bcf) of gas and 8 million barrels of condensate reserves in just one zone.
"RISC Operations, an Australia-based, internationally recognised independent petroleum advisory group, has completed an resource report of the Eocene Formation of the Cambay Field," Oilex said in a statement.

The Y zone in the Cambay block holds "2P reserves (proved and probable) of 206 Bcf gas and eight million barrels of condensate," it said.
Oilex said Unrisked Contingent Resources in zone Y together with another zone, X, comes to 720 Bcf gas and 52.8 million barrels of condensate.
In oil and gas terminology, 2P reserves as considered more accurate with 50 per cent certainty of being recovered or produced. Contingent resource have only 10 per cent chance of being produced

Clever move by Joe in Irish sea

The UK imported around 2 Bcm of gas from continental Europe via the BBL and IUK pipelines in 2019, according to S&P Global Platts Analytics, around 3% of UK gas demand. It also exported some 9 Bcm of gas -- to Ireland, and via the BBL and IUK pipelines, to the Netherlands and Belgium.

Certainly demand is there and increasing

https://www.argusmedia.com/en/news/2172741-viewpoint-india-pushes-gas-as-economic-elixir

Happy new year everyone
We have waited this long so whats another few months ;)
Fingers crossed

14: Brent will average US$55/bbl over 2021, and likely end 2021 in the region of US$60/bbl, according to reliable analysts
8This is a good enough price for onshore blocks
8So for Indian E&P companies, it is time to open the purse strings

Me upset ;)
Not a chance
GLA

Yes Gordon
I agree with what your saying about the asset value to a degree .
But I think when one door closes another opens ,just look at Kampar .
My point is that things are just a bit better then a few months ago.IMO

I could be wrong I could be right,we will see

"The man who moves a mountain begins by carrying away small stones."

Confucius