Member Info for gordon1237

I don't think anyone on here will call you stupid Steven. I certainly wouldn't given, with hindsight, money I've lost on another form of gambling.
Hope you feel a bit better for getting it off your chest. Atb.

True Hannay,but the blades are designed to last a fair while and are more efficient to to being massively lighter. When I retired in 2016 they were getting too big to be made in one piece, so we were doing fatigue tests on jointing techniques. Atb.

No point to this post either but in my former life as a materials scientist, I used to test the glass and carbon fibre composites used to make wind turbine blades. Atb.

Agreed, it is pretty meaningless, but it actually went from 0.5 to 0.3 cents down 40%. Equivalent to 0.162 pence.

Jasper. Fair enough, I suppose his track record would make it easier to raise cash for specific projects. However, you wouldn't really think they'd want to take on more debt until Cambay is on sounder footing. Going to be interesting. Was thinking that this time around I'd be in and out on less than a year. May have to hang around a bit longer. Atb.

Hard to know what to make of this bit
"Future opportunities will be considered specifically any projects that are oil/gas producing to gain immediate cash flow. Feelers are being put out that Oilex is in the market and acquisitive."
Anything that is producing is going to cost a lot of cash. So are they expecting a big cash injection? Atb.

Thanks for that Jasper. Sounds like he was a bit more forthcoming than I would have expected. Very good that they are already working in the field to bring the two existing Wells back into production. Hopefully make a contribution to cash flow soon. It depends on what you define as modest as regards the cash to drill the two new Wells. It was previously stated that the two would cost 5 to 6 million usd. They obviously can't do this without a jv. The amount they give up depends on what the interested parties are willing to pay. The more this is the less Oilex will have to give up and of course their share of the drilling costs will reduce by the same %. A really good valuation/deal could give a decent sp boost.
Personally, I will be pleasantly surprised if we see results from the new Wells before early next year, so as always patience is required. Atb.

Thanks Jasper. Atb.

Hi Jasper. Hope you are recovering well after your op. Appreciate you are unable to share too much from a private conversation. Did he specifically say you couldn't share anything? Not even general stuff about which area(s) they might concentrate on. Atb.

Behave yourself Wolfie. Lol.

That metaphor makes it sound like a shipwreck Espen. Come to think of it! Lol.

Or like a girl I knew in my teens. Lol.

Thanks for that Conger. Nice to be right about that after all this time. Like the song says "It's been a long time coming". Atb.
https://youtu.be/vVr-Iqr0GTs

Hi Quantum. Perfectly possible. Either that or he might put some of his own fortune in. Either way could be much more focus on the uk,or a mix of UK, India and Indonesia. Don't understand the continued decline. Atb.

Wronin. Funnily enough heard that song for the first time in ages on Saturday. The Beeb has a recent Paul Weller concert on followed by Paul Weller at the BBC with all the old material. Good stuff. Atb.

Hi Wronin. Quite right Macca was obviously the mega bs'er. Let's hope he's either been banned permanently or gone off to haunt other boards. He certainly wasn't the only perpetrator though. Every little bit of news is greeted with massive hype followed by a short term increase then a decline to slightly lower than before. The most recent example was completion of the sale. Everyone was expecting it, it was priced in, so why would it produce an increase? No doubt the same will happen with GOI approval, which everyone is expecting, albeit delayed from when we were told.
This board should be all about a range of opinions. Otherwise what's the point? I myself didn't think I'd get involved again,after unexpectedly getting out with a profit. Couldnt resist at 0.24 though.
Got to say, I'm baffled the new ceo hasn't given a boost. Surely someone that wealthy must be getting involved for a reason? Atb.

Yes Steven. Love those too, especially Laphroaig. Atb.

Can't beat a pint of Speckled Hen or Doom Bar. First had Doom Bar in the place it is brewed, Rock in Cornwall. Named after a treacherous sand bar across a river mouth.

Wow Espen. You're making me envious. Had some 15 year old Glenfiddich last night. Pretty good but no doubt not in the same league as your nectar. Atb.

Yeah, better than us sassenachs. Bloody boring game though. A few malts made it more bearable. Lol.