Member Info for gordon1237

Jasper. It's been a few times over thd last few months. When it comes back nothing seems to change. Atb.

WTB. There was a general meeting on 30th June last year and they published the results the same day. It was all ratification of share issues and options, so presumably we will hear about approval of Tranche 2 on the 8th or shortly after. Atb.

Encouraging. Had to smile at the Nifty fifty index, which meant something entirely different when I was a lad. Lol.

Thanks Qs. Not just me however. I think it was the cumulative effect of several people reporting the nutcase throwback that got him banned, hopefully for good this time. Atb.

I did Callum and I don't suppose I was alone. My whole life I've never understood blind prejudice against race, colour, religion, sexuality etc. Basically it's judging somebody without knowing anything about them as a person. Far more common when I started work in the sixties. Slowly, slowly, things have improved as the decades passed. Gla.

Ps. Nice and peaceful on here. Dare we hope it's permanent this time?

Yup. Even I see no real reason for concern. You would hope for some news on the second Tranche by the gm or shortly after.
TWB. By going back into the field I presume you mean restarting the old Wells, hopefully at increased rates to give some worthwhile cash flow. Atb.

Hmm. Disappointing as this gradual drop is, I will be surprised if we are in for a long wait this time. Given the schedule they have outlined, they will surely have to report back by the end of the month latest. Probably sooner as we have the gm next week. Gla.

Don't want to be picky TWB but it's GOI approval and finalisation of the sale agreement that's due by the end of June. We don't have a schedule for the jv, although you'd think it wouldn't be long after the other two. Atb.

You may be right about my pessimism Conger. Lol. Surely the difference is the Bhandut deal is finalised and Cambay isn't. Anyway, no point in debating, guess we'll know at some point. Atb.

Conger. Reading the rns again, I suppose the reason they don't mention Indonesia in the existing projects is that until they are actually awarded the licence, it isn't an existing project. Atb.

Hi Conger. Not sure today's rns about Bhandut is relevant. As I have said before, my theory is the Cambay cash calls have already been settled by the 550,000 usd previously announced. Could be
coincidence, I suppose, that that is 25% of the sale price. Guess we might find out when the sale finalisation rns drops. Atb.

Yes Conger, it would be great to get Kampar up and running, to provide some decent cash flow. Probably going to be a long process though, just as in India.
Presumably, you never got a reply from Joe about the cash calls? I think that almost certainly confirms there will be no more forthcoming. Gla.

Yup. Let's hope we've seen the bottom. Gla.,

Hi TWB. Hard to see how it can be forward selling of the raising shares. They are at 0.238, so selling now wod be at a loss. Agree its not the time to panic, but can't blame Steven for being concerned in his situation. Atb. Gla.

Yes Steven. Even for Oilex, this drop, day by day, is pretty baffling. Atb.

sp is 0.225

Good example looking at todays trades. The bid ask is 0.22/0.23 and so is 0.225. There is one trade at 0.225 that is marked unknown, right on the mid point, so they can't say. Probably the sells at just below this at 0.2245 and 0.2248 are actually buys. Atb.

Bmdjf. No they haven't said any more since they said that was the plan.
Loveablebuilder.It isn't a fiddle by the mm's. Just a product of the daft system. The algorithm sets a mid point between the sell and buy price. If the trade is above this it is shown as a buy, belie as a sell. This means if you happen to get a good buy price it is likely to show as a sell. It also works the other way. A good sell price is likely to come out as a buy. Foe example the other day it was saying 0.22 to sell and 0.24 to buy,so the sp was shown ad the mid point of 0.23. I tried a dummy trade on Barclays and was offered a buy at 0.229. Below the mid point, so would be shown as a sell. This effect is more pronounced if the sp6is rising or falling fast. Why with modern technology it is not possible to attach buy or sell at the point of transaction baffles me. Atb

Bmdjf. Yes they did say that. They also said they hoped to increase production from the previous low levels. Atb.