Member Info for gordon1237

Yes probably a sell. More importantly the 100 million trade was a sell. Isn't forward selling illegal? If not it should be.

I did a dummy buy just after open, when it was

0.0209. It is now 0.0218.

Can't say I'm not tempted Sausage. If I bought 20 million at today's price my average would come down from 0.092 to 0.070. Great if ot comes good and goes above that but even bigger losses if it does not.

Well done Crusty. I convinced myself Aidan

O' Brien wouldn't win for a third year in a row. Had a couple of other nice winners though.

A bit like gambling on Syn then DP. Lol.

At the Derby today for the 56th time. Amazing, since I'm only 35. Lol.

A very open race this year with 19 runners.

Just twigged what cln is. Lol.

The workovers are only meaninful in that they are

hopefully going to provide some income to bridge the gap until the new wells are producing. They won't produce the rerate we desperately need.

Thanks DP.

What's a cln ?

Presumably the book build shares are at a discount?

Wouldn't the discount be neutralised by the dilution of the new shares?

Also, presumably a book build costs more for the company in admin?

Seems unlikely but just interested anyway.

Isn't that similar to a rights issue ?

Don't quite understand the use of " book build "

in this context. Thought that was concerning IPO's?

TBH. I would say my chances of getting my money back are no better than 50/50. Should have left it alone after getting lucky in 2021. Let's hope lightning strikes twice.

Sorry. The target for a horizontal fracked well should read 4 mmscfd. It was thr target for the refrac that was 2 mmscfd. Of course it never got anywhere near that with the problems with fluid loading.

Hi DP. My conviction hasn't suddenly changed. Oddly enough it's ebbed away with plummeting share price.

I first bought into Oilex in 2015 at 2.5p.

By late 2020 I had an average of 0.32 and the sp was about 0.06. We had no idea what was going on with regard to gspc selling their share of Cambay to their preferred bidder. We assumed the sale had fallen through but had heard nothing for many months. Then out of the blue we learnt Oilex were buying gspc's share and against all expectations I got out for a modest profit at 0.4.

When the sp fell to the mid 0.2's it felt like good value so I got back in. In the last year and a half I have quadrupled my stake from 10 to 40 million at prices from 0.08 down to, in February 0.045. Each time thinking it couldn't go any lower.

I now have 40 million at an average of 0.092.

At current prices another 20 million would get my average to around 0.068. Not sure it's worth the risk but will wait and see.

Of course you are right the assets are still in the ground. That has never been the issue. The issue has always been getting it out at a commercial flow rate. Roland has always said that a horizontal fracked well needs 2 mmscfd for that.

This week's news, whilst welcome in confirming dates for the new wells haven't slipped further, doesn't change the fact that everything depends on those flow rates later this year.

Span. My old mum used to say, sarcasm is the lowest form of wit. Lol.

I guess it depends on your definition of positive. Lol. I think there is still a possibility I will get my money back but for that I need a 350% rise. Could get that down to 200 to 250% if I bought a load more. Wait and see for a while, I think.

GW. A red week would require a drop below 0.0175. A little unlikely.

No deramping. Crusty is simply stating indisputable facts. The workovers may or may not provide some useful income while we wait for the main event, drilling of the new wells, hopefully starting September. Gla.

Ssccss. Yes agreed. This is all about the still unanswered questions I referred to the other day.

Does the 18 month deadline for completion by 31st January 2026 still apply! Or has the 6 month extension been invoked ? If so why ? How does the change in the agreement mentioned in Selan’s results ( which Syn haven't bothered to tell us about ) affect this?

Yep. Nothing compared to the 4 bag I need. An advance from Selan ? Ssccss, whatever you're on, where can I get some? Lol.

Yep. Also dire.

£50 this month. Total of £175 this year on £25k in bonds. A wonderful 0.7% return. Lol.