Member Info for gordon1237

Surely we didn't need this latest environmental clearance to restart anyway? It seems to relate to the expansion of the Cambay facilities. It will be needed for the new wells in h2. Gla.

Fair way to go yet formul. Lol. Gla.

The spread at 1.3% must be a record low.

Hannay. Interesting. That is new and a lot more detailed than previously. They give a lot of different estimates of recoverable amounts, which are a lot more than on previous versions. At least they have removed the bit a about " Contingent 2P reserves" which was impossible. What is clear, is that it is the success of the new fraccing technologies that is key to everything. Well spotted. Atb. Gla.

Each to their own. Personally, I wouldn't touch crypto with somebody else's barge pole. Always strikes me as a cross between a cult and a pyramid scheme. Gla.

Correct boothy. It's the system not manipulation. You'd think in the 21st century a label could be attached at the point of transaction saying buy or sell. For some reason that doesn't happen, which means if the trade is close to the mid point they can't tell. The 0.195 id an odd one though, as it is above any previous buy.
Ultimately if doesn't matter much as obviously over a period buys and sells must balance. All that really matters is the direction of travel of the sp. Also a big increase in volume as recently indicates more interest /exposure. Hopefully, some positive news soon. Gla.

Goldsmith. You confused by putting 0.008 which presumably means pounds instead of 0.8 pence, which I guess is what you meant. When are you expecting to see that?

Let's hope so Vf. Gla.

Very funny Yuri. Grow up.
I am gordon1237 not 1236.
You're such a wit. Well you're half way there. Gla.

Whete does it say " beginning of February"?

Good volume again. 157 million so far. Gla.

Hi dnd. Nobody is more surprised than me. Much to my surprise and relief, I managed to get out on April 6th last year with modest profit at a price of 0.407. A few months later, I couldnt resist reinvesting my profit, plus a little bit more, in the low 0.2's. If I had known how long it would drag on, I would have thought twice. Seems like the bod may change but it's still the same old Oilex. Months on end, wondering wtf is going on. Still quite relaxed with my current position though. Que sera sera and all that. Atb.

Personally, I dont care how cold it is, as long as the sun is shining. Here in Surrey we had some lovely sunny and frosty days last week. This week we are on our 5th consecutive dull and miserable day.

I'll give them whisky. Works for me. Lol.

Behave yourself Vf. Lol

Fair enough Jasper. As always we wait and see.

Jasper. Don't think we, or even Oilex have much idea of what the flow rate of 77h will be on restart.
Yes, it was initially about 1mmscfd, but on shutdown it had declined to about 10 % of that. They have stated that the build up of pressure in the last 3 years should give an increase so that should be interesting. We need to wait for the refrac, to know if the big rerate is coming. Atb

Yes Jasper, almost posted something similar. They have actually said that alternate production from the two wells will just cover costs. News of the restart will give some uptick in the sp but nowhere near those numbers. It is only great news from the refrac of 77h that could be transformative. Gla.

Yes, great for anyone invested in oil/gas. Not so great for those struggling to pay their bills. Gla.

I've always found Barclays ok.