Member Info for Jarv55

moves fast with no overhang roll on the Tr1

Its probably an off book print

Looks like the overhang is clearing already

Just shows how you can get away with not declaring just like Hogan didn't.

so since the 12th they have received further assurances.

Extension of Backstop Date

As at close of business on August 12, 2019, no funds had been received in EXOLA's account but EXOLA has received further assurances that the US$10 million loan advances due under the Updated FOA are in the process of being paid. Accordingly, the Barryroe Partners have agreed to a backstop extension of on or before August 19, 2019.

maybe they could rns the proof

ranger4 interesting posting history pmsl

be glad to get rid of the traders

hillibilly they are not fully funded until the Chinese pay up. Logp burn around 35k per month think they have about 8 months worth of funds left If they receive the funds promised by Apec then it is game on, that is when the intis and Ireland start to sit up and take note. Traders will leave and investors will step in.

well some one is buying 200k clips

was executed at 2.15 according to Advfn

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=IE00B66B5T26IEGBXASQ1 that 2 mill buy was off book

Well lets hope Apec are an honourable Company.

spike surely that is the aquicsition the rest of the licence?

The Company is in discussions with the remaining holders in the License to further increase its participating interest in PEL 112 and 444.

Acquisition in Cooper-Eromanga Basins





Oilex Ltd ("Oilex" or "the Company") is pleased to announce that it has entered into an agreement with Holloman Energy Corporation ("HEC") to acquire its 48.5003% interest in the PEL 112 and 444 license (the Licenses) in the world class Cooper-Eromanga Basins in South Australia.



Pursuant to the share purchase agreement entered into with HEC, the Company will acquire 100% of its wholly owned subsidiary, Holloman Petroleum Pty Ltd ("HPPL") for gross consideration of 40,416,917 ordinary shares in the Company (Shares) at a deemed price of 0.3 cents and A$24,250 for a total consideration of A$145,500. The key terms of the share purchase agreement are set out below. The Company has today issued 24,250,150 ordinary shares as initial consideration (T1) with the final balance of 16,166,767 shares and A$24,250 payable at completion, which is to occur on or before 30 September 2019 (T2). The issue of the T2 shares by Oilex is subject to shareholder approval under Listing Rule 7.1.



The Company is in discussions with the remaining holders in the License to further increase its participating interest in PEL 112 and 444.

post from pvr bb
Callasjunkie,

You have not taken into consideration the costs Providence has already paid towards the survey/drilling costs.

Those will come back to it out of the $24m when/if it gets paid. And given that their new administration costs will reduce to about $1.6m a year after they get rid of O'Sullivan et al. they will have enough to carry them through for perhaps three years without any further funding as APEC and COSL will carry all of the costs of Barryroe if they stump up.

Also, remember Providence has spent about $200m over the last number of years in exploration. Under the Irish tax system, all exploration costs can be claimed back against revenues from Barryroe if they ever get any oil out of it or elsewhere for that mattter.

Very interesting Manyana didn't realise they could off set costs against profit nice

tidd
As at close of business on August 12, 2019, no funds had been received in the Company’s account but the Company has received further assurances that the US$ 9 million loan advances due under the Updated FOA are in the process of being paid. Accordingly, the Barryroe Partners have agreed to a backstop extension of on or before August 19, 2019

Interesting that it looks like Apec may have taken their $1million costs out.