Member Info for Conger2

As an investment in the Oil/Gas sector you are now buying dividends, as i can only see a general share price drop down for large players, yes you will get spikes, but the dividends will not stop. There will be some pretty good Divs % to had in this industry for pensioners looking for income for the next 15 -20+ years.

I don't get it, Oilex seem incapable of gaining and then maintaining momentum, maybe this just the oil industry with it constant political interference?

I don't think they have time on their side anymore, COP26 showed the world is turning against fossil fuels, so they need to get a wiggly on urgently as raising capital is only going to get harder for this industry.

It is just scandalous the damage and credibility these delays are causing Oilex and our view as investors of doing business in India.

in black and white they are stuck until GOI ratification.

Successful re-fraccing of the C-77H well will be followed by the drilling and fraccing of two new horizontal wells in the second half of 2022 with a view to establishing gas sales into the high pressure grid. All project plans are subject to securing the necessary funding and Government of India ratification of the transfer of 55% participating interest from GSPC to Oilex.

Heck i nearly sold around .26 but to buy in again later, but thought GOI must be so close now... really ****ed at Oilex they have no got any idea when GOI is going to happen so either they not saying something or they are not talking to right people.

Like the strategies, but less talk more action less delay on Cambay, which quiet frankly is taking the pee.

JV is some way off yet, also disappointing with not clear target, the delays on Cambay has killed the conversations they were having i guess.

QS love the optimism :)

Two positive comments Gordon in one day... we are blessed. :)

The 20% dilution this year has been used to buy Cambay so you can pretty much ignored it as it would have booked for the cost, so they should cancel each other in share cap.

Of course i am right Gordon.. I am always right hahaha!

GOI is not factored in, It went to over .5 in April before it is was even factor in, just assumed it was coming since then delay delay delay and bit of back tracking. With the GOI i would expect return to over .5, with much more robust share price being maintained.

Then with JV i think around £25m for around 45% much more likely a price, which i think would double the price from .5 yet again. As Oilex would be funded, with shared risked to explore and develop Cambay with the new technics.

Those two things are the biggest drivers for me from price increases in the next 3 months, 4 weeks if just a guess as they keep saying it is near... It must be near now as what is holding it up? We are not hearing any reasons for it to be slow.

I would not be surprised you get a peek over 0.50 in lot less than 6 months more like 4 weeks with the GOI approval and if as many suspect and hope a JV is set up ready to go, 1p is realistically possible on that announcement.

zzzzzz

Big news coming by Friday my sources tell me...

mic drop .....

@callum28 ---- I love to get 20-25 times from here! :)

Bought 1m @ .094 is my lowest price

Well yes there was not a lot of positivity at the time. lol

0.07 even lol 4 bagger from there...

Wish i had loaded up big time at .007p lol