Member Info for Gareth3672

Perhaps an RNS stating works have commenced on site.

Stands to reason that whilst we see for example 15,000,000 being sold and then potentialy bought straight after that this is not a sell off (for no reason I might add) but merely money moving from standard accounts to either ISA's or pension scheme accounts. Same as we see in the recent "director dealing RNS" only last month.

Gordon, many thanks for your reply which includes previous flow rates, I would have thought that this would need to be sorted out sooner rather than later, if we are indeed successful with the fracing (75% chance of success) they will need to export this oil immediately at such higher flow rates.

Such news of a connection prior to results would be a real lift for shareholders.

Ever since the RNS came out I have wondered what the gas pressure has actually been, clearly in excess of c.0.3 mmscfd, OEX have stated they were limited to the constraints by the grid operator.

I wonder if these constraints have now been addresssed and what the new limit will be?

RNS 6th June states:
However, low pressure grid constraints have limited production rates to the current c.0.3 mmscfd level. The low pressure grid constraints are being addressed by the grid operator which will allow for higher production rates from the field.

Espen

You’re very welcome to hold the crown of the RNS, I have neither the money or the balls of steel required to overtake you, quite happy with my holding, very much looking forward to the next few weeks with news rolling out

My 3 million was just before yours… agree they better deliver as I’ll soon be catching up with Espen :)

Sausage.. your not suggesting that we will get flow rates before funding are you? ;)

Ssccss The RNS states that flow rates will be revealed within the next two to three weeks, it also states that funding will be sourced in the next month, my conclusion is that two to three weeks is quicker than a month.. Harldy misleading..

Mr investor, news from gas flow will come prior to news on any additional funding to top up the refrac costs. Not long now, appreciate you’re excited, just hang in there.

I am happy to sit tight

https://www.youtube.com/watch?v=ljwUlY9WW1I

The company was valued at over 20 million this week (market cap), since then we have dropped to 16 million yesterday, today another 20% off and so now we are nearly 12 million.. for a company that is now producing is own gas.. Mental..

That's 8 million quid whipped off the market cap for what might be a million quid worth of extra funding, likely less. Do the maths... I could sell but feel confident this will come good very very soon.

Note to Roland: where is the PR video breaking the seal on the gas? Whats the uplift figure required for refrac? What routes are you exploring for funding now we are producing gas? Whats the initial gas flow rate, When is the next interview with share talk? Jasper... if your in talks with Roland then surely some of these questions above could have been addressed especially breaking the seal, these are all missed PR opportunities.

Guys... double the cost of gas, an on going revenue, who gives a sh.t about a one off cost difference between what we already have in for the refrac costs and the sum now required. Cant be that big, Roland said it was uneconomical to have started straight away and so July is economical and that's only 10 weeks away. Gordon may I ask what we had in as a sum already for refrac? I believe is was 2 million?

Jesus wept... It should read in the subject line cost of re-frac costs not roof rack, but I think we will need to have a little chuckle this morning :)

Personally I think that’s a fantastic RNS, cost of sales have nearly doubled, Schlumberger now on bored, more importantly we are not talking the cost of refraction the well, we are talking the cost difference between what we had proposed and what the actual sum is.
The important question is what is the change between the money we already have and the money that is actually due, it would have been better had Roland actually specified the cost rather than keeping shareholders in the dark.

I also agree that a placing in does not take a month to organise, so I anticipate these smaller extra funds being secured by other means.

Just remember, it is not the total cost to refrac, it is whatever the cost is as an uplift from what we already have.

Any thoughts on initial flow rates, appreciate they will reduce but, having been shut in for a while I question what they will be and the rate we can sell at?

Up we go! 12% up on L2, 0.3p this week IMO.

I question how OEX would fair if the scenario of Ukraine going to war with Russia actually played out?

Gas prices would increase but would the whole market get the jitters?

India is miles away from Ukraine and Russia so would it only be gas prices that affect OEX?

I see some potential deescalation being spoken about but wonder what the end of this week will hold?

Jasper... Your a good man, thank you for clarification.

Would be nice to see an RNS advising this, especially if it mentioned initial flow rates from the first 24hr period - woooosh.

IMO Transaction needs to formally complete between GSPC and OEX before the taps will be turned on and that could be at any moment as all the paperworks was done last week with the final rubber stamp from GOI. Cant be long now.

Regarding the Sausages coment about a cup needing to be completed... I personally this its already been completed and we are in the last moments of a handle which should pop any moment.

Regarding Gordons comments and previous poem about the cup and handle senario... You may chuckle and sometimes I do too but... there is no mistaking we have had a double cup and double handle and the final handle has to go quite low to create an enourmous high which we should get from the "transaction complete RNS" - "taps on RNS" and "production revenue RNS" let alone a JV or refrac starting... This share has an extremely bright few months ahead of it and I am very happy to be in at the moment even though its fractionally down on what I topped up at last week.

Last thing I want is to be out when the RNS drops as there will only be one message from my broker "we have been unable to provide you with a quote to purchase shares at the moment as OEX is sky rocketing upwards".

Double cup, double handle and the second handle is very deep on the 10 day graph, if news hits this will rocket North.

I’m no Chartist I’ve seen cup and handles where the handle is so deep it’s huge on the uptake, once this rises you will not be able to get in on the way up, my own personal opinion only invest what you’re comfortable with.