Member Info for Gareth3672

Steve5250 Please accept my appoligies for my incorrect info, I heard it on GMTV and thought it was India but have now confirmed it was Europe https://www.aa.com.tr/en/latest-on-coronavirus-outbreak/virus-cases-rising-in-europe-deaths-over-900-000-who/2180583

Steve... I also appreciate the polite why you replied rather than ridicule, it was indeed a mistake on my behalf for the area, not the amount. ~RMs still need to get a hold on this, if anything Europe should be easier to deal with.

Let me think, should I get in with More first thing this morning or wait until the institutional investors buy in at a higher rate, questions questions.

Very likely the institutional investors will now be investing in OEX so expect a rerate today and over the coming week.

India topped 900,000 Covid infections yesterday, likely to be 1 million infections today. India have requested help from the rest of the world as it struggle to cope with the pandemic. #RMS we need to know your making headway with the government, with the NHS and many other sectors.

If we get the Cambay RNS agreement.

The RNS was good, it’s confirmation.

Excellent RNS, Oilex would not be getting funding if the agreement wasn’t clearly nailed on. Next RNS will be that contracts have been exchanged.

Icing on the cake is that we have potentially a major that good farming, I’m sorry to say this but BOOM get in there!

ZagEgypt, Rollinginit, many thanks for the date reminder (appoligies) but also Rolling init many thanks for the conversion, so if at 45% equity to 1p are we looking at 2p plus in your oppinions?

Herbie that actually may have been correct whilst the previous board were in but they have now sold all their shares so that doesnt stack up. I am getting continually frustrated with RMS though at the lack of information, it's all well and good stating we cannot advise yet but seriously 6 weeks without anything... I mean why have they not done any meaningful interviews with either the news channels or promotors such as proactive etc, tthat doesn't require a NDA.

Appologies if posted already

Aussie oil explorer Oilex (LON;OEX) has received a ‘buy’ rating and a 7.4p target price in an initiation note from Westhouse.

After the recent success of the ‘Proof of Concept’ Cambay-77H well, Oilex can apply what it has learnt to unlock the substantial reserves and resources contained within its tight gas assets in India.

Demand for gas is expected to exceed supply in India for the foreseeable future, and Oilex should start to deliver substantial volume and cashflow growth over the next five to six years.

www.proactiveinvestors.co.uk/companies/news/266580/investment-styles-the-grass-is-greener-elsewhere-16580.html

What are peoples thoughts here, when are we likely to receive the Cambay RNS? Clearly based on this mornings RNS the Indian Govenment are still operating.

Bonkle you beat me to it, the armchair investor link was what I posted yesterday I was looking for it to begin to show Gordon that drilling is supposed to be completed before the end of Q2. Many thanks.

Gordon as drilling is due to completed by Q2 II would advise there is not much time left and so I still expect the Cambay RNS this week

EspenViking I think you hit the nail on the head, it does show that the Indian govt are working and so it can’t be long now before we get an RNS on the Cambay as OEX expect to have completed drilling by the end of Q2, that doesn’t leave much time to get everything in order prior to drilling so I’d expect another RNS or two this week.

Very strange... only 3 minutes after I posted below "The Gujarat State Petroleum Corp (GSPC) approved the sale of its 55% interest in the contract to Oilex for $2.2m, with approval gained also from the Indian government.

The deal will hand Oilex 100% control of the Cambay contract. The 55% interest in Cambay would add about $5m of gross assets to the Oilex balance sheet"

Some posters start asking "where we are getting money from"... 2.2 million out from OEX and 5 million added to our balance sheet, I see this as a very positive move, how some see this as a negative is beyond me.

The Gujarat State Petroleum Corp (GSPC) approved the sale of its 55% interest in the contract to Oilex for $2.2m, with approval gained also from the Indian government.

The deal will hand Oilex 100% control of the Cambay contract. The 55% interest in Cambay would add about $5m of gross assets to the Oilex balance sheet.

It seems that the Oilex directors, in overcoming numerous challenges over a period of 15 years to finally achieve their objective of complete control – and with it the potential profits – of the Cambay asset, have shown themselves to have, as Solomon said, “focus, perseverance and capital discipline”.

www.thearmchairtrader.com/oilex-ltd-shares-can-cambay-field-potential-transform-the-company/

I think originally there was an issue with being able to sell these masks internationally whether that be by Amazon or any other distributor. This appears now to have been resolved especially with the MHRA approval.

https://twitter.com/gagsy456/status/1380060179757162502?s=21

If we get another rise like yesterday they will be forced to RNS, 3p close anyone?

Me thinks.

I would suggest that the board are likely to succeed due to the campaign lead by Gareth Cave, Johnathan Hall & the humble PI rather than luck but would agree with you that the previous board have been lacking.

Today on Bloomberg, India saw its highest number of daily recorded Corona virus cases in the last six months, raising worries of a fresh infection serge and Canada’s virus tally topped the 1 million mark as the third wave of infections swept the country.

Of course, the doubters here in the UK think it’s all over and there’s no use for the Pharm2Farm masks and the earth is flat.

BBC2 now! Get a mask.... it’s far from over!