Member Info for guod7

What an unmitigated disaster demonetisation was. When it first came into place there was a limit of Rs4500 on ATM withdrawals and because many locals were not familiar with automated banking you were often forced to wait in a que forever just to get your money A bit like waiting for Oilex ... lol

Imho it's a foregone conclusion that GSPC will stump up the money and it will proceed to arbitration. Think the Judge's comment about 'national interest' will make them think twice about continuing to stonewall

Know who you mean but his name escapes me. He's probably retired on the proceeds of his book '100 Ways to Ramp'

Hi mate, still here the eternal optimist! Waiting for for Cambay to produce gas so I can sit back and pick up my yearly dividends

Addamsrups unfortunately they've ditched Canning due lack of interest from prospective partners and therefore unable to find the cash fulfil the specified exploration commitments

Ain't popped the champagne just yet

The price only has to increase fourteen fold to reach my break even and resumption of drilling appears to offer the only forlorn hope!

When you put together previous data acquisition, vertical and horizontal drilling, proven resource and the infrastructure already in place its not difficult to put this figure on it. Just imagine what the outcome could be when and if they finally recommence drilling and in all possibility crack the code for commercial gas production

Without having all the detail my concern is it looks like we now have a joint venture partner who will be even less cooperative in moving forward with exploration (which is supposedly the reason Oilex are there) than ever after what has transpired. The only way this is going to reward LTH's is if wheels turn on the ground and the chances of this happening in the near future are as remote as ever. Looks like this will simply continue to be a punching bag for the MM's for the foreseeable future

I ticked over my decade in February this year initial buy being A$1.60 and surprisingly still retain a sense of humour

@Wolfofmiddlesex You're probably right, though be nice to get some news sooner than later

What I can't get my head round is how Oilex management are supposedly leaking information as to the possible the status of the descision and the timing of the lifting of the suspension. Fingers still firmly crossed GLA

The suspense is killing!!!

Being predomitarily government owned imho doubt very much if the State of Gujarat will allow GSPC to fold. Also think the amount owing to Oilex is minuscule in the scheme of things and their may very well be more behind this than we're privy to

could actually be good news. The Judge appears to be scrutinising the situation thoroughly so just maybe there's a glimmer of hope that the cards will fall In favour of Oilex! If it's a still a 45/55 call could be fraught with problems, can't see GSPC being very cooperative going forward after all that has taken place

Firmly believe if Oilex pull off the bid to achieve 100% ownership (IMHO unlikely) with clear air and the existing potential of Cambay finding a cashed up JV partner will be the least of their worries. I've got my fingers crossed and their getting numb after more than ten years ... GLA

Three years of sitting on their hands and all they come up with is this audacious plan. Have to seriously question the competency of a BOD who have continually failed to broker a resolution that would allow exploration to continue ... all we've seen is continual dilution and a litany of unfulfilled rhetoric

'May you live in interesting times'

Only chance of achieving my break even price would be a satisfactory resolution of the impasse and resumption of drilling. So I ain't going anywhere soon!

There's enough material around this company to fill a book that would out sell 'Lasseters Lost Reef' Will we ever see a tool turn again or has it all become a myth