Member Info for gordon1237

Apologies tgat doesn't take account if the placement funds. Atb.

Jasper. The half yearly report says.
" Cash and cash equivalents held by the Group as at 31 December 2021 has decreased to $1,425,414 (30 June 2021: $4,310,767)." That's sbout £2.08 million.

About $1.4 million on 31st December. Probably about $0.5 million now. Need some cash coming in soon.

I think you'll find Callum was being a little ironic. Of course he wants to make money from Oilex. Don't we all. Doesn't mean we can't care/comment on wider issues.

Spot on Callum. Some things are much more important than money. Atb.

Oilman. I have never said Oilex wouldnt/couldn't succeed, except that it's not totally nailed on. What is? I sincerely hope Oilex is as successful as you expect and we all wish.
Of course I will change my view if things progress, it woukd be absurd not to.
There is a famous quote from John Maynard Keynes, " When the facts change, I change my mind. What do you do, sir?" Gla.

Yuri. Lol.
For your benefit oilman. Yuri and I, have disagreed many times over the years often quite acrimoniously. However, if anyone knows that I am not a trader, deramper, ramper, have an agenda etc etc, it's him. I just say what I believe, whether in or out. Gla.

Please stop distorting what I say. I never said Oilex doesn't have a reasonable COS. Just asked why the market wasn't buying it.
Jasper. Great that they have confirmed that they believe it to be 90%.Atb.

Oilman. If you had been here more than 5 minutes you would know that Conger has always been one of the biggest cheerleaders for Oilex and has made a lot of money from it. He and I have disagreed many times but have never felt the need to impugn one another's motives as you seem obsessed with. Very rude to insult people you dont know.

Like it Conger. Nothing wrong with optimism but there is no such thing as a certainty.

Oilman. I have lost count of the number of people over the years, who have accused me having an agenda. Utterly ridiculous! Of course I can see the positives, including CCS. That is for the long term and presumably investment in that depends on the success of Cambay.
As I just said, I am more confident than I was, but 90% is patently absurd. I ask again, why doesn't the market see it that way? As for asx, give me a break. Up 12.5% on 250,000 shares traded. Meaningless. Currently, unchanged here.
I have never had an agenda, whatever that means, and those who have been here a while and know me, know that to be true. I reinvested in Oilex, after getting out with an unexpected profit, for a bit of fun and in the hope of making a bit more.
You seem to take the view that if you are invested in a share and things dont go as expected it is somehow almost sacrilege to comment on it. Dont get it. Still hopeful of making a few bob over the next year or so, and having a bit more fun.
Please dont come back witb your usual, somwhat insulting comment, that anyone who isn't 100 % on your wavelength shouldn't be invested. Atb.

Of course Zag. Got to say, I am a little more confident thanI was, but 90%? Dont think so? Still hopeful of maybe doubling my current punt at 0.22 in the next year. Gla

Yes Espen, I noted that change. Has his confidence increased, or has he decided to up the hype. Uf the chance of success is really 90% as the uber confident contend why does the market not see it that way? Atb.

Well obviously we all hope/expect the refrac will be a success but self evidently the market doesn't think there is a 90% COS otherwise the sp would already be multiples of what it is. Let's hope the market is wrong. Wake me up in September / October. Gla.

Yes toptuf agree with all of that. Obviously, should have seen the equipment delays coming a mile off. Would have been great to acknowledge that but trying to be positive. Will someone please define what they mean by a rerate? Double the current price? Doubt we will see that before q4.

Not expecting a seismic effect but at at least it was a frank appraisal of where we stand. If we are ever to see any real rerate, I suspect it won't be until lste this year.

a proper update, even if the timescales are a bit woolly. A welcome change. Interesting that he said that the farm out would be up to 50%. I for one thought it might be more. He again emphasised thst the initial production wpuld be modest, but at least it should reduce overall costs. Nothing had really changed, everything still hinges on a successful refrac and the wait goes on
Gla.

I'm afraid I have to agree with fjones. This is what they said on 15th December.
" The Board of Oilex Limited (Oilex the Company) is pleased to announce that following a final court order issued on 13.12.21 and received by the Company on 14.12.21, the previously imposed production cessation on the Cambay field has been removed and the Company plans to resume gas production in the near future. 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. "
In the near future.

Thanks fj.

Sorry, misread you. Obviously need to wait till tomorrow.