Member Info for gordon1237

Nope. Gla.

Can't argue with that guod. Lol.

It's neither Steven. It's from the article I posted yesterday about ongc pretty much giving up on fracking in India due to the different geology to North America. It is the problems with the geology that are hoped to be addressed by the new techniques when the pilot Wells are drilled. Atb.

yelnirb and pacman. Partly agree with you both. Don't really believe a major is likely. Let's face it, if they were interested they could have bought gspc's and Oilex's share long ago for what for them would be small change. However, although on the face of it, ongc have given up on fracking, it is not inconceivable that they might want to help Oilex to finance the new techniques just in case there is a chance of success.
Overall, it is probably more likely to be someone we've never heard of. Atb.

That link doesn't work without disning up for a trial. Here's the beginning.
ONGC ends shale exploration, winds up grand project mid-way
Synopsis
Five years and hundreds of crores of rupees later, it's been found that India doesn't have much shale prospects.
By Sanjeev Choudhary, ET BureauLast Updated: Nov 26, 2019, 01:02 PM IST24
New Delhi: Oil and Natural Gas Corp (ONGC) has wound up its shale exploration programme mid-way after spending five years and hundreds of crores of rupees, concluding that India may not have enough commercially-extractable shale reserve.
This comes as a setback to the country that had hoped to exploit its own shale rocks to augment its flagging oil and gas production, inspired by the American shale revolution that turned the United States into the largest producer of oil and gas and dramatically reshaped the global energy market this decade.

I would be very surprised if it was ongc as they have pretty much thrown in the towel on fracking in India. Gla.
https://m.economictimes.com/industry/energy/oil-gas/ongc-ends-shale-exploration/articleshow/72233370.cms

Does anyone know if any majors are involved in any of the other fields in the Cambay Basin?

Wet Bandits. Lol. Gla.

I would guess maybe late q3 or early Q4 for drilling start. Gla.

Dead easy to work out an average however many buys and sells you have. Total cost of buys, minus total receipts from sells (include all fees) then divide by current holding. I always keep a running total and update when the contract notes arrive. Atb.

Good point Espen. Maybe also a feeling that the drop since the placing news had been overdone. Gla.

Great for all holders that it's up but quite honestly baffled as to why on this routine approval of the work programme. Perhaps people are thinking it makes approval of the transfer more likely, but I would have thought that was pretty certain anyway.
Still hope it continues for all lth's. Gla.

Presumably, being shut in for two years has allowed the pressure to build up, hence the expected improved flow rate.

Hi Espen. No not yet. Interesting just to watch at the moment. If I miss the boat, so be it. With the latest drop, I would assume the 19 % dilution is already priced in, and there won't be a further drop when the shares are actually issued. Atb.

Yes Zag. I have posted before that due to the young population, the pet capita death rate in India is much lower than ours. Still for the family of an individual it is still a tragedy.
Guod that's incredible. I'm 72 and glad to say I'm getting my second jab in a couple of days. Atb.

Yes some things are more important than money. More than 3 million grieving families in the world now and many more suffering with long Covid.

Thanks Steven. Yes I did too. Don't mind a bit of earache but not having words put in my mouth. Atb.

The imposter's post is now removed.

Will do. Lol.

OK, jrl. Atb.