Member Info for Jasper13

This project has gone totally under the radar. It won’t for much longer. Each power station could generate around £100m of revenue per annum for Oilex.

It’s not all just about Cambay.

https://mobile.twitter.com/Share_Talk/status/1511943873685299201

Now why would you book another interview so close to the previous one unless you had something further to say? I suspect we have an RNS inbound.

Zag....genuine question as well? If you think they are a set of clowns, why invest? Because if I thought for one second any of my investments were run by a set of clowns there is no way I'd be putting my money into them.

Zag...then sell and move on and stop bleating like a little baby. You don't have to be invested here. But then again I am not so sure you hold a single share if I am honest. Still missing me?

This one is just specially for Zag. I know he’s missed me today and he likes to hear my musings.

“GPCB are still playing ball” Not my speech italics. Would seem we are still on course per yesterdays RNS.

FOMO anyone? As FUD seems to have dried up and lost its way.

Zag…anyone would think you’ve got an unhealthy fixation with me. You do seem to bang on about me a lot. Hope you’re not harbouring a secret crush.

Sorted....

I don’t need to apologise as I already stated last week in my posts the lobbying that was taking place.

This is a very brave and bold RNS that seeks to expose the corruption that exists within the Indian bureaucracy. I do not think for one minute that the Government of India will want this hanging in abeyance for long. With all the lobbying this should get resolved quickly.

No doubt a buying opportunity today for some.

So Zag….. I did say Monday and I did say they’ve been lobbying to resolve with the Directorate General.

It should come as no surprise to see the increased levels of PR coming directly from the company and it’s associates. Much welcome, long overdue, but more importantly the compelling narrative behind it.

The net is being cast much wider and this can only bode well for the company.

:-)

John… I take a slightly different view on the share price because that gets driven by so many different variables - volume, sentiment, liquidity, fundamentals, asset value to just name a few.

The initial flow rates will not give a real true idea of the asset value; the success of the refrac programme and future flow rates will determine that. In addition booking reserves properly in a revised CPR can then really start to crystallise more accurate value.

Market capital today for me is linked to the company’s assets and potential future projects. On that basis I think that the current market capital of £18m bares no reflection on the assets and projects they have in play.

On production next week I would hope we would start heading more towards a £30m market capital which would be a price around 0.42p.

John389

From a previous post I detailed on the matter ….

From 21 December 2015 India Operations Update RNS.

> Cambay 77H produced ~ 715 boe during the first 10 days. 2.7MMscf gas and 252 bbls of condensate.
> Cambay 77H gas sales averaged ~ 0.267 MMscfd with a maximum peak rate of 0.572 MMscfd

What does this equate to in revenue terms ?

715 (boe) - 715 x 6,000 cubic ft = 4,290,000 cubic ft = 4,290 mcf

The current off-take agreement in place generates $4.30/mcf and let’s assume a price of condensate of $90 per barrel. Edit - this off-take agreement is now going to be replaced with a new oil and gas contract as per details in the recent ShareTalk interview. Plus Indian gas prices are now much higher. So expect the $4.30 to be a higher figure.

0.267 mmscfd. = 267 mcf x $4.30 = $1,148 per day

252 bbs @ $90bl = $22,680/10 days = $2,268 per day (25bbls per day)

$1,148 + $2,268 = $3,416 per day

This is just from one well and they’ll be opening up 73 and 77 and then these placed on cyclical production. Both wells have different characteristics so we are likely to see different results from each week.

I would imagine to start off with these wells will generate somewhere in the region of $2000 - $5000 of revenue per day variable depending on production cycling, well behaviour, reservoir pressure etc.

Going to be very interesting to see how the wells perform after the prolonged 3 year period of shut in. Both C77 & C73 are very different wells in terms of their characteristics and previous performance, flow rates.

I know Roland and the team have immersed themselves in the previous technical well data and worked extensively with their field development plan partners to really understand the previous challenges faced. For those who have done any due diligence on Roland, this is his forte and where his previous extensive experience will prove immensely beneficial.

Going to be a very interesting few weeks.

Good to see further PR from the company. This has certainly stepped up over this week and very good to see. They now have much more to socialise and will be able to build on this over the coming months as the story continues to unfold.

https://mobile.twitter.com/oilexltd/status/1510176140480155648

I’ve just used the verbatim wording within the email, no exact timescales were given. He’ll only be able to announce when he’s got definitive news to deliver, speculation is no good.

My previous communications with him, confirm an absolute cast iron desire to conclude matters with willing parties.

And if they are right Zag, will you then change your rhetoric or will you still continue to revert to type? Just curious?

Communication with JA today. Update to be made fairly soon, just awaiting for certain things to be confirmed.

ohwhatif.....I believe that our current SP today which gives us a market capital of £17m is woefully undervalued for the assets and opportunity we have. In my opinion we should be at a market capital of at least £30m which is a SP of 0.42p

Yesterday it was confirmed to certain investors, who contacted the CEO, that a Cambay update RNS will be issued early next week, with some being told Monday.

The lobbying by Oilex and the DGH to the GPCB to issue the production permit resulted in the coordination of this being put in place this week. GPCB can now break the seal, if not already, to allow production to commence as per Rolands narrative in the ShareTalk interview.

Two wells will be placed on the cyclical production (C77 & C73), both with different production characteristics. I posted detail on these the other day if anyone interested.

Initial flow rates are likely to be in line with previous data on the wells, although it is expected there will be a spurt on opening the wells up, from reservoir pressure build up.

Oilex will benefit from a new sales agreement to be announced next week, and the company have confirmed they should benefit from the increased Indian gas prices which hit the headlines this week.

Cashflow will start to flow after a 3 year stagnant period and we can expect to see variable income of between $2000 - $5000 per day from each well when on their production cycles.

This is milestone news for Oilex, that now have 100% ownership of a potential 1TCF gas and oil field. If their planned refrac programme is successful, they will be targeting upto 5mmscfd per well, which will make very positive economics, plus allow for more firmed up JV discussions to take place to deliver a full field development plan.

The market capital today bares no resemblance to the correct value based upon the above.