Member Info for gordon1237

Can't see anything other than drilling results getting it anywhere that. That can't happen until some time next year. Gla.

To be fair, beadle said slow drift down and over the last month its down about 10%. Gla.

Bit of a contradiction there between your first and second paragraphs Widglide. On the one hand Joe's doing a fantastic job, on the other it's been a shambles.

Good point, hadn't thought of that. I think " Nationally recognised asset" is putting it a bit strong for a field that has so far produced very little. Atb.

Could be true to some extent Conger. Don't see why or how he would be holding up GOI approval though. Atb.

Could be good in the future, especially if more uk assets are added. At the moment it will just he worth what they paid for it, a few hundred k.,

Qs. Just remembered that there is a wholly owned subsidiary of Oilex called Oilex EIS Ltd. Atb.

Received an email from these clowns offering a 14 day free trial of their research services. Signed up, and of course immediately looked at what they had to say about Oilex. Absolute joke. Here's an extract.
" The Company operates geographically through India, Australia, Joint Petroleum Development Area (JPDA) and Indonesia segments. The Company's principal assets are a near term production project in India and an early-stage exploration project located in the Canning Basin, North West Australia. "
Oilex extricated itself from a dispute with JPDA last year by agreeing to pay a fairly large sum over the next couple of years.
As for Canning Basin they had the option of licences which they relinquished in 2018 after trying unsuccessfully to farm out.
Only signed up out of curiosity, not expecting much, which turned out to be right. Don't think I'll bother with them again somehow.
Gla.
Gla.

Of course he's not entirely serious, but entitled to be cynical given past history, and the fact that Oilex have missed virtually every deadline they've set for the last 3 or 4 years. Let's hope " This time it's different". Gla.

Widglide. Roland joined on 15th June when the sp was 0.225. It is now 0.195 a drop of 13%. No not tanked. Gla.

Certainly would Steven. About 10 times the number of shares now though. Atb.

Yes of course Conger. You have to look at how things are now. The point, although slightly tongue in cheek, was that then as now, everything in the Oilex garden looked rosy and the sp was only going to go up from a ridiculously low 7.5p. Atb.

That's woken the board up. Lol.

Positive no. Accurate yes, unfortunately. This from July 2014.
https://www.lse.co.uk/news/OEX/oilex-says-oil-flows-to-surface-at-cambay-77h-5clwdgypc7acqvr.html
The bit at the end gives food for thought.
" Oilex shares were up 13.4% to 7.50 pence, putting it amongst the top ten AIM All-Share risers on Monday."
Gla.

They are not up to anything. It is shown as a sell because at 0.2139 it is below the mid point between bid and ask,which is 0.215. This can happen if you get a good buy price. As I have said many times before, why on earth can't a definitive buy or sell label be attached at the point of transaction?

The buy was yesterday. Atb.

I suppose he could be wealthy enough to fund Cambay and in effect be the jv but from what Jasper says he was talking about other parties. You'd imagine he'd want a good few % to make it worth his while.

Well of course Jack. They will still need a jv though. Atb.

Steven. Phew!! Lol.

Hannay. Yes around 55% retained whas what I was thinking. Even that depends on what a jv values Cambay at. Atb.