Member Info for gordon1237

I've never said it's impossible Yuri, just unlikely. To repeat an analogy I've used before. If I had a bet on a 20 to 1 shot, I would be a fool to think it was definitely going to win, but that doesn't mean it can't. Trouble is I didn't think it was a 20/1 chance when I put the bet on.
But yes, of course the real attraction is talking to you guys. Lol. Atb.

Looking for around 0.25 then Qs. Well done. Wish my average was that low. Personally would be very surprised if we see that this year, if ever. Still, hope springs eternal, and all that. Atb.

The other funny thing is that in the tender document it says that there are no outstanding debts associated with the sale.
Of course ad far as lth's like myself are concerned Oilex would be in a vastly better position if they had simply written off the cash calls years ago.
Although, I appreciate that most on here bought ad a recovery play much more recently than that. Atb.

Yuri, this is the bit that has always baffled me.
"The Company continues to engage with all parties, including potential new Cambay joint venture partners, for payment of the outstanding cash calls."
If gspc had agreed to pay why would OILEX NEED to engage with new partners? Atb.

Nice one. Lol.

Bands have been known to go on world tours Qs. I did hear Joe was planning one with our money. Lol.

Didn't know you were in a band Qs. Lol.

Now that would be pants on head time. Much more likely to win the lottery. By that I mean the big one, not the £3.60 I won last week. Lol.

Yuri. It was a bit of both really. I first bought in January 2015 at 2.5p on a tip from a friend. Thought I might make a quick buck but was also prepared to wait longer for developments if necessary. Now six years later I'm still waiting. Lol.

Yes Callum, now I see it, I can remember reading it on the Web site before. The one thing that jumps out at me is that it looks like they couldn't be bothered to update it since June 2016. For example, it is still talking about renewing the PSC in the future sense, when that happened some time ago.
The second thing is that reading it makes 77h sound like a triumph when in fact it was anything but. It cost a colossal amount of money, didn't really produce substantial commercial flows and was the main reason for the falling out with gspc. OK it provided proof of concept to a degree but ultimately it is only when the recommended new techniques are tried that we will know if we hit the jackpot.
Going back to the main point, of why the figure of 18.6 bcf on the tender is so much lower, the answer is we simply don't know. I can remember having this same discussion on here in September 2019 when we first saw the tender and there was no conclusion.
Presumably it means gspc weren't comfortable with claiming the higher amount was recoverable. We do know that ongc have given up on fracking in India . We have to hope that bidders with access to the field data disagree.

Thanks Callum out walking today. Will have look later. Atb.

Don't know how old that article is Callum as it comes up,page not found. The official tender document says 18.6 bcf. Only 97% less. Atb.

Thanks obone. Good wishes to all for the year ahead.
2020 has been an "interesting" year. Let's hope 2021 is less so.
As for Oilex, I guess, while there's light there's hope. Gla. Atb.

Thanks guys. Yes, of course I am aware that share prices are not rational and don't move in a straight line. It just amused me that when it was going up there were plenty of comments but as soon as it went down, zilch. Lol.
Hope you are right about the value of the assets Conger, but ultimately something is only worth what someone is willing to pay and that we unfortunately don't know yet.
Out walking today, high on the North Downs at St Martha's Hill. The church here was rebuilt in the 19th century after being destroyed in the 18th by the gunpowder mill exploding in the valley below. Gla.

Armour down 19% from peak at 5.1c. Wonder why?

Personally, I didn't go on one pub that didn't take excellent precautions. Maybe things were different in London. The government must also share a huge chunk of responsibility. Constantly trying to do what they thought was popular rather than what was right. Atb.

Qs. Couldn't agree more. Most people are sensible but there are a minority who just don't get it. I was in my corner shop for a bottle of milk a few weeks ago. There were 5 adults and 3 kids in a small shop. The kids could easily have waited outside. Of the adults 2 weren't weren't masks, including one who was yapping loudly into his phone while paying. F*****g selfish idiot.
Another moron wrote a letter to the paper saying stop all the lock downs, they don't work. Doesn't this cretin realise that without out them the death toll would have been five to ten times higher.
Funnily enough, I said the same thing to my neighbour about taking the hoax believers to a hospital to see people on ventilators fighting for there lives.
It makes you despair of the modern world when some choose to believe some ludicrous conspiracy theory, just because a mate of a mate of a mate has retweeted it.
Roll on the vaccine.
Don't quite get what this 50 quid is, you're referring to. Atb. Gla.

That's all fair enough Yuri. Not sure if being taken over would help us lth's. Likely to be a fire sale like the Australian assets. Atb. Gla.

Who knows Yuri. This time last year you were just as upbeat as qs. Not sure where you stand now. Tbh if there there were really no change for another year doubt if Oilex would still exist. Sure something will happen, good or bad, well before then. Atb.

Not necessarily Yuri. They could postpone it yet again. Have good Christmas everyone. Atb.