Member Info for cperkin

You are just making a fool of yourself with posts like that. So now you are saying as a gas asset increases it's size, now 2 trillion feet recoverable that it gets cheaper to buy because it's second hand.

Excuse me whilst I change my underpants for some dry ones.

Cluck Cluck

Dear oh dear what a load of misleading clucking. Clearly once in production from the first 3 wells, 2 of which have already been drilled then you have reserved based funding available.

Also suggesting that the asset is sold for less than costs incurred is clearly bonkers.

Cluck Cluck

Nice cash pile burning a hole in their pocket but as Mick points out high G&A for a non operator. The only way to balance that is to either reduce G&A by cutting heads etc (Just increased head count) or spend some of that cash on Development and help balance the G&A.

The shares are clearly being forward sold since the RNS on the 1st, looking at the trades and volumes and the Zubairs took 84,375,514 shares in the placing allowing them to maintain just below the 30% takeover threshold.

Likewise TD :)

Yes and it could be very positive for all 3 companies BG. Needs to be sorted out before a spud date ideally.

Yeh, the BOD are a bit like that Hydrogen Ventures lot, changed the name just before launch and now changed direction & they have only been listed for a few months, a complete Joke.

Well try reading the odd RNS, sell it or fund it.

The Company continues to explore and evaluate growth opportunities both within the Mnazi Bay licence and the greater geographical region to support increasing in-country demand for natural gas

No Fracking required, the wells flow very nicely thanks & about 10 time the level per well as OEX's well about to start up.

25% of 2 Trillion feet recoverable and the Gas is Green. Must be worth a bit more being so unique?

https://twitter.com/WenResources/status/1511324528764497920

https://player.vimeo.com/video/694906629

Did the Gov not change the PSA terms recently BG I seem to remember reading something?

Large late reported sell, 23,000,000 @ 0.2614, hence the price action I guess

"Subject to the early removal of the production flange seal by GPCB personnel, production will re-commence immediately thereafter. The resumption of gas production and re-establishment of cashflow is an important milestone for Oilex's Indian operations, and we look forward to contributing to India's indigenous gas supplies."

What you mean like this kind of pump and dump?

fjones40

Posted in: OEX

Posts: 7,188

Price: 0.24

No Opinion

Are you ready Boys & Girls for whats coming ??01 Apr 2022 07:37
.......................

Have to agree the timing makes no sense if it is just for G&A between now and end 2024 they could have raised after the spud date at probably a much higher price and at a reasonable discount which this raise has been neither.

Makes you wonder what the money is really for or what games are afoot in the background with the other 25% of Ruvuma, Kiliwani and Nyuni.

A bit of a gift for anyone wanting in and a chance for some to average down and others to average up.

BF they only hold 8.5% of Killi, well at least for now.

Morning BG, well I would be delighted if there were some movement and development over Kiliwani and or movement on the remaining 25% that SCIR hold. Certainly the placing at this juncture makes 0 sense when AEX already have a $35 million carry to production, they only had to wait for the drill to raise at a much higher price and at a minimal discount.

So either you are right and the money is for something else or the BOD are stupid?

Pump, pump, I assume you will dump dump if there is any news then there than Frank? Unless of course the US and the west sanctions india for buying Russian Oil? Whoops....