Member Info for gordon1237

Surprised at that Zag. Much less toxic now, you know who, has departed.

The main bullet points for me were.
Refrac cost. $1.8 m or £1.4 m. So presumably means a chunk of the previous raise and new cash is going elsewhere.
Expected pre refrac flow 0.5 to 1.0 mmscfd
CCS at least 4 years. Too long to be of interest to me and a lot of others.
Refrac COS 75%
Actually more informative than expected.
Gla.

for a couple of hours but returned to the sound og silence. Magic.

for a modest uptick. The drop may br overdone
All depends on the size of the raise of course. Hls.

Sounds about right Callum. Pretty much down to one poster who has wound just about everybody up, including me. Will ignore the g*t in future. Atb.

What Q and A?

Well let's hope it is only 10% Espen. Atb.

Bye then.

You really expect us to believe that based on the track record of what you've posted on here?

Spot on TWB. They can never admit they are wrong. As for LSE they tend to take the easy option when someone complains about a post. As for them making a detailed investigation. Laughable. Atb.

Quint. Who has been removed? Name names.

Careful Conger or a certain poster will accuse you of deramping. Lol. Of course, with your longevity and track record, anyone who has been here more than 5 minutes will know you are not part of that mythical tribe. Atb.

Sorry guys. Gone under the radar? A good find? It was in the rns.
Do agree Schlumberger would make a fantastic jv partner as they produced thr new refrac techniques recommendations. Atb.

Sparrowhawk. I didnt make it up and I can know that. In fact we all know that. The purpose of the refrac is to prove up the modified fracking techniques and enable to value the asset to get a better jv deal. We already knew that but Roland confirmed it in his Sharetalk interview.
https://www.share-talk.com/roland-wessel-ceo-and-director-of-oilex-ltd-asxaimoex-interview-2/
Grom about 3 minutes in.

Sparrowhawk. There is absolutely no question of a jv until after thr refrac. October if we are lucky.

Jasper. Don't know if I'm being naive but can we be sure there was a leak? Just seemed like speculation coming to a head to me. I myself had been wondering for weeks if the delays meant they would run out of cash. Managed to partly convince myself the increase in gas prices might make it unnecessary.
Not sure where you got the idea the refrac might only cost £750k when they raised £2 million specifically for that. Turns out even that wasn't enough. Not impressed by Roland on this.

Well done Aiming. Might be doing the same if I had had the sense to sell at say 0.29.

Iceman. That makes no sense. People, including me, are p****d off because they DO hold stock.

I guess you are thanking Roland for pushing it over a cliff.

Yes Gareth. They raised £2 million specifically for the refrac. I thought the whole point of the delay was to avoid the higher cost of getting the kit quicker. Now they say it's going to cost more anyway.