Member Info for gordon1237

I think at the very least it would be common courtesy to acknowledge, if only to say they can't reveal anything.

Did Oilex at least have the courtesy to acknowledge your email?

Is that the Indian Job or the Australian Job ? Lol.

Yuri, thought now you might have reached the point where you would be relieved to just get your money back?

Great sp my arse. Only a few months ago posters were saying 0.3 was too cheap and a great entry point. A great sp would be 0.6 which would get me my money back. Only need a 250% rise. Lol.

Why indeed? What is it they're not telling us?

Mitch, but it did work in their favour as the court prevented the Eod going ahead. The court, although asking gspc to deposit or guarantee the owed cash, was neutral, saying go to arb and sort it out yourselves.

Speaking for myself, it beyond nervous months ago. Now more like resignation with a tiny glimmer of hope.

Sadly, today's further drop speaks volumes.

Mitch. Gspc took Oilex to court to prevent them from enforcing the EOD (event of default) notice which would have meant Oilex taking all of Cambay.

It's actually worth naff all, until it can be shown that it can produce in commercial quantities.

Yuri, I doubt if they could sell until the dispute is settled. Maybe not even then without the agreement of gspc.

Wouldn't be quite that pessimistic. Unusual for me I know. Lol. At the current rate of cash burn maybe 3 to 6 months. I guess they would try and raise before then if they can find s suitable body willing to take a big risk. More dilution would be pretty awful for holders.

I'm a bit schizophrenic about averaging down. The punter in me wants to do it, so that I need less of a rise to get my dosh back. The other half is telling me I was a mug for doing it in December at 0.285. So the phrase good money after bad comes to mind. Atb.

Oil field of dreams ?

Chesh. Fair point. Gspc are owned by Gujarat state as are gsil. Doubt if they have much of a hand in the day to day running though and this bit of Cambay is a relatively small part of gspc's operations.

A lot of imponderables there Yuri, most of which only come into play by solving this interminable dispute. One thing I'd really like to know is why if Oilex's case is so good were they so keen to avoid arb? What do they know that we don't? I suspect there may be grey areas in the agreement that might let gspc withhold payment if they are not happy with Oilex's performance. It would be nice to know. Not sure why you think it is the Indian government making life difficult. I get the impression they are keen for Oilex and gspc to get on with it. If only!

without the agreement.

They can't drill with the agreement of gspc which they won't give until everything is settled.

Previously they said the arb was deferred while they had the talks. Time they got their arses in gear.