Member Info for gordon1237

That cash call was part of the court ruling. As well as depositing and guaranteeing the disputed sums from prior to the Eod notice with the court gspc were ordered to pay their share of costs subsequent to the Eod.

Beadle, if I were you I wouldn't engage with the lupine tendency. It only encourages him. Lol.

Much as I disagree with most of Yuri's ridiculously over optimistic posts, it us ludicrous to blame him for anybody dumping their shares. We all have free will and can make our own judgements. Get a grip. Gla.

Why Chesh? What charge are you up on? Lol.

Love the Life of Brian comments but my original reference to Wolfie was about Citizen Smith, a sitcom of the same era, which starred Robert Lindsay as the deluded Wolfie Smith a hapless revolutionary head of the Tooting Popular Front. However, to continue with the Life of Brian theme, "What has Oilex ever done for us?"

For once Chesh I agree! Lol.

Missed you Wolfie. Been busy with the Middlesex Popular Front ? (Need to be a certain age to get that one).

And nearly a month since the latest proposal was submitted to gspc.

And 2 and a half months since we were told first quarter.

exactly 4 months since we were told that discussions with gspc were anticipated to conclude early in the new year !!!!!!!

Yuri. You could call it rumours and maybes but it was a bit more than that. On the day it reached ,0.69 there seemed for a few hours that there was a real possibility of 100% of Cambay. Now that is very unlikely to happen, I see no reason why in the short term it would zoom past 0.69. In the longer term anything could be possible from disaster to triumph. Gla.

Couldn't really disagree with any of that Smiley. Could work out if everything falls into place. Pretty big if though. Could be much longer project than many seem to think. Let's hope Oilex survives long enough to benefit.

All this talk of it being 0.13 last year and then multi bagging to 0.69 seem irrelevant to the current situation. It was 0.13 when all hope seemed lost. There were no posts for a week at a time. Then came news of the court case and people started to say Oilex might get all of Cambay. Always seemed unlikely given that gspc could easily prevent it by paying what the disputed amount that they owed. It started to seem more likely as the days went by and they didn't deposit the money as stipulated by the court. This culminated with it reaching 0.69 when they deposited/guaranteed the cash at the last possible moment. It then dropped to 0.3 within days. There is now virtually no possibility of getting 100%. Imo the best that can be hoped for is getting all or most of the cash owed. Coupled with a farm out and drilling announcement that might, being optimistic give a rise to maybe mid 0.3s. Of course. If things go well that doesn't preclude a further rise later. As always, I would be happy to be proved wrong. Cue for Wolfie to reappear. Lol.

Wouldn't trust 'em as far as I could throw 'em, and I have a bad back.

A month ago I needed a100% rise to break even. Now it's 200%. The writing on the wall is now writ so large that anyone who can't see it needs to go to specsavers. When it was 0.3 people were saying the mms were keeping it low for their mates to snap up. Now it's approaching 0.2 and the same drivel is still being spouted. Get real folks.

You'd think that after 4 months they would either have found that middle ground or realised that they never would and gone to arb.

I'm a hardened cynic but the bit in the rns update that wound me up was "Oilex has worked tirelessly for a resolution". Straight out of the management handbook of bs.

Sounds like you are channeling Freddie Mercury there Yuri. Lol. I'm sure gspc could pay us tomorrow if the will was there. Unless Mike29 is right and they are completely hacked off with Oilex.

Don't really expect the Cambay venture to be over but if it was I don't think Oilex would survive. As for courts, it would be arb first, I think.

Yuri, can't help but wonder just what it would take to dent your optimism?