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With respect Mr India, I appreciate your talking about two 5k buys (1M shares each) but I am talking about the subsequent 11 shares for around £300-500 there after which has pushed it up a whopping 17% which worries me slightly, I am only saying if it continues great, but be a little weary on huge lifts from small volumes/trades that all.

Mr India.... Ahhh I see, cause someone spent 6K over 5 trades... they must be in the know trying to hide that massive 6K buy, I get it now, I guess we must be heading to 1p by the end of the day ... Head in hands...

Hardly 5 huge buys, raging from 300 to 3000 .. Total is about 6k which has pushed the share price up by nearly 20% i'd be a little careful buying on such low volumes.

Can only presume that if we get an RNS this week stating that the taps have been turned on, that next week would follow with a further RNS detailing initial flow rates?

Gordon, thank you for your reply comment.
I do agree that the refrac rates are most important but also feel that the initial and subsequent flow rates are also important especially if they can as you word it "eliminate the monthly cash burn" that would be fantastic. Personally I am looking forward to those figures and the RNS that says "cash positive".

Gareth I may have this wrong but 2 million cubic foot @ around $5.6 per thousand cubic foot would be $11200 per day which is a little over $4 million per year? That is without fracing and without any further wells.

Unknown what the initial flow rates would be as they have been under pressure for quite a while.

Happy to be corrected.

The rise in Australia didn't kick in till 10:30am local time so let see how we fair this morning.

.25p paid...

Gordon "Looks like you called it right Shenners"

Oilman and Jasper "umm... no he didnt"...

Chuckle.

Gordon.... seriously.. 74 and your saying others are in here with inexperienced heads on their shoulders... I am quite surprised by your comments this morning, you have been in OEX for 7 years yet your shocked by potential 8 week delay? Not sure your looking at the positive news here like everyone else including the market. Likewise I am sure you know there are those that can buy in premarket opening?

1500000 buy gone through at .23p prior to trading, I wonder if we will see the same price increase as Aus? #66% would be a nice start.

I say to my self, the cost of gas is through the roof, the Russian war has seen to that, I ask.. why on earth are the majority of oil and gas companies share price pushing north yet we see day after day another couple of percent drop.
Holding my head in my hands my reply is because we are not producing... and so... once those taps are turned on I do think we will see a jump, all be it not huge as some have said, but still, we were at .26p only a couple of weeks ago with no gas production and so with I am sure we will see .30p and then build from there whilst we wait for fracking to take place.
Well done all LTH

From the 28th January RNS

Cambay Production Re-start Update

On 15 December 2021 the Company announced that, following a final court order, the previously imposed production cessation on the Cambay field had been removed and the Company plans to resume gas production in the near future following the receipt of environmental clearances. The two currently active wells, C-73 and C-77H will be placed back on cyclic production and the gas will be processed and exported through the existing production facilities and pipelines.

Seeing we have both the court order and the environmental clearances in place it cannot be long until we get an RNS stating that we have production?

There is nothing stopping OEX producing an RNS today prior to the GM tomorrow announcing that the taps have been turned on.

L2 showing a 20K sell, 8 million plus shares, Cmon OEX... wheres that RNS

Do you think the recent 3 weeks worth of trading forcing this share price up was only for the GOI ratification? There is a lot of anticipation here for some decent production results and we now have security with the ratification.
I for one am holding, very keen to what the rns's flow over the next few weeks and predicting a blue finish today.

Steady as she goes...

Can we not reply to Numptys subject line of a placing and fill the board with his crap... what a belter he is, clearly not read the RNS where they state fully funded for refrac. So no placing imminent

It was at .36 without GOI approval, without production and without refracing... not sure why there are those that say I am jumping ship at .3 or even .4 for that matter... I am in no great hurry, waited this long and happy to see what refracing produces.

Gordan, thank you for your post, it was indeed my thoughts on production pre-refracing rates that interested me as this is cash immediately in the bank, how ever small.

Anyone have any idea of previous or proposed production rates? BOD estimates increased flows having been shut in for so long.