Member Info for gordon1237

Thanks Callum. Let's hope COP26 gets things moving even more and isn't just a load of hot air. (pun intended). Atb. Gla.

Horrow. It's not robbery. We must have discussed this a hundred times on here. It's because you got a good buy price at 0.1745. That is just under the current mid point of 0.175 so the stupid system records it as a sell.
When you receive your contract note, I am sure it will be a buy as intended. Atb.

Jrlo. Both the green revolution and continued use of gas can be true at the same time. Atb.
https://www.business-standard.com/article/economy-policy/renewable-energy-sector-in-india-gets-70-bn-investment-in-7-years-121062500953_1.html

Widglide stated last week that he does have shares again.
Of course India are investing in green energy, and it is in the many billions rather than a 100 million. However, they are still going to need oil and gas for the medium term. Doubt very much it will be 30 or 40 years as as some are saying but it should be long enough to make Cambay viable if they ever get the gas out at commercial rates. Atb.

Thanks MP. Vacationfund is our resident accountant. Atb.

Blimey qs, you must have had a bad day. Lol.
I am fully aware of everything you just said. It was just that in your post this morning you appeared to be saying that share price might be held back by the notional value of the assets on the books. You obviously didn't mean that,so apologies for misunderstanding you.
Also, we are all aware of the tax implications of the accumulated losses. Very handy if we ever make any profits.
Atb. Gla.

Interesting idea MP. However is that actually possible? The reason I say that is because if it were, surely larger companies would be forever taking over small ones with massive losses to reduce their own tax burden? Our resident tax expert must know the answer. How about it Vf?
Atb.

Qs. No idea what you are on about. If Oilex ever made those sort of profits the market would automatically value the company much higher than it is now. Or am I misunderstanding you? Atb.

Yes qs. About 15 to 20 entries. Atb.

Qs. I have a running list of number of shares from January 2015 so its easy for me to look up.
MP. Can't for the life of me see the relevance of how many shares another company has. Its the change/dilution over time that matters. You are quite right it's the market cap that matters. Atb.

Hi QS. Depending on exactly when you joined its a lot more dilution than you thought. In August 2018 there were 2.0 billion shares by the end of the year it was 2.5 billion. When I first bought in January 2015 it was 0.68 billion. Its now 5.68 billion. Atb.

So whether you are offsetting yourself or paying others to do it for you, it is going to make production significantly more expensive and/or less profitable. Or am I missing something? Gl.

Thanks Callim. Some very interesting stuff. So looks like some companies will be able to make good money out of carbon storage. It will obviously be a cost for other companies to off set which will increase the costs of production.
Love the clips. Hilarious. Atb.

Yes remembered when I listened that I had heard it before. First 30 minutes were his cv.
As Callum says he's very keen on carbon capture. Be interesting to know more about hoe the finances of that work.
Keen to emphasise that the Irish Sea assets at this stage are purely exploratory with nothing guaranteed.
Talked about acquiring assets that were producing. Be nice to know more about how that will be financed and how it will add value to the company. Will need a lot of capital.
Excellent to see his ambition for the company but very light on detail. Hardly surprising after one day in the job.
Gla.

Hadn't seen that one. That was from 21st June and you are right he does say drilling by the end of the year.
However, in this one from 11th July he says with regard to drilling two vertical Wells.
" We hope to do that early next year".
https://www.share-talk.com/roland-wessel-ceo-and-director-of-oilex-ltd-oex-asx-l-interview/
Maybe he didn't know in the earlier interview how
long GOI approval would take.

Can't remember which interview it was in. In any case if GOI approval doesn't come until September drilling this year is very unlikely.

Pretty sure he said next year.

Blurhope. Nobody at Oilex said drilling would start second quarter. Someone posted some nonsense from something called armchair trader which said that. Always completely impossible.
They did say GOI approval and finance news expected second quarter. Atb.

Vf. I presume you mean the jv news. It's impossible to say as the rise will depend entirely on the details of how much they pay for what %. Atb.

Good recovery after being 0.01 down. Let's hope this is the bottom. Gla.