Member Info for gordon1237

Very interesting article Callum. It was a bit more definite than I expected with regard to improving the flow rates. The key phrase was "potentially achievable". I think the key to any short term gains on the sp is how much Joe can convince the financiers that it is a good bet and if he can, how much they will want in return. It is how that risk/reward balance is viewed that determines what sort of deal we get.
Given the markets reaction to the apparent valuation of Cambay, I am now less convinced that the rns with the deal details, will be enough to get me past my break even of 0.32 in one hit. Might have to hang around for the drilling.
In any event, it's now 5 weeks since the original news dropped. Seems a pretty loose definition of advanced discussions. Atb. Gla.

Too right Callum. Been drifting into fantasy here. Gla.

3p ???
https://youtu.be/-Mfd4E7kpvc
Lol

All a bit academic, of course, depends on them actually making a profit at some point. Please don't someone say they already are. We all know that was a bit of creative accounting. Let's all hope we don't have too long to wait. Gla.

Yes Qs, I am aware of that. Which is why I used the word ironic. Nevertheless, it does say something about what a disaster Oilex had been for investors over the years. Hopefully that may change. Gla.

Talk about the ultimate irony. The implication that an accumulated loss of $185 million is a good thing rather than an epic fail. You couldn't make it up. Lol. Gla.

Thanks Robbo, I missed that bit about being confident. That is s bit more encouraging. Atb.

Where had that quote come from in particular the bit about being confident of success?
"The Company is working to reach complete these negotiations as soon as possible.
We remain confident of a successful outcome and we thank our shareholders for their ongoing support and patience."
That wording was neither in the original rns on 15th February or the interim report.

MP. It's correct, but actually 0.4 cents. Doesn't mean a lot, it's tiny volume and you get these sort of fluctuations all the time. Probably be down again tonight. Atb.

Not a bad trick. Showing a profit on zero revenue. Gla.

Guess some people will believe anything if it ties in with a large dose of wishful thinking. Suppose that's what ths plonkers on twatter rely on. Not sure what the motivation is though.

Me too Callum. Got 4 pub meals booked already. The first in the garden of my local on 13th April. Only 4 weeks to go. Atb.

Can never understand the point of just making stuff up that nobody in their right mind would believe. Gla.

Just to clarify in the interim report they said they had raised on the 12th. In the separate rns about the series D loan and raising they said raising to be complete by the 19th. Hopefully all the same, but they really need to make these things clearer.

Presumably this is the same raise that we already knew about from Monday's rns's? Except that they
said that had already happened on the 12th?
Gla.

Funny how some things pass you by. I was wondering who the hell Cheech and Chong were. Looks totally bonkers. Lol.

You couldn't make it up. Oh hang on somebody did. Lol.

Lol.

Closed at 0.3 cents. Equivalent to 0.168p.

Thanks Espen. Oilex is like a mirage with the prize always shimmering on the horizon, Just out of reach. Atb