Member Info for Jasper13

Didn't take long for him to re-appear did it, when we start to see some buying and SP increase today. Just exposes his pure agenda even more so.

We will get well management successful bidder news in the coming weeks. This is good news as will confirm that work on the ground at Cambay is ongoing and steps being put into place to bring back on stream existing wells. What does this mean? CASHFLOW.

Espenviking....steady on now :-)

I just do a lot of research before I invest and that includes reaching out to the company directors and ideally requiring a conversation. The decent ones oblige and don't turn their noses up at the retail investor. Roland has been just that.

I am more than comfortable with my investment here and have thrown in a large capital sum, plus I've still been adding in the past few weeks based upon how the strategy of the business is now starting to come together.

We have news flow from many angles, some of these will be just confirming BAU, but nonetheless need an official RNS, others will be more exciting and will start to hopefully driven more value and SP appreciation. Nothing is a given though, especially on AIM, and I've been investing in it for over 15 years.

The OEX story for me is compelling in that they have done the discovery phase of O&G, they know whats in the ground, its just a case now of getting the right JV partner, better technology and a clear plan of delivery cashflow. Roland's background ticks all the boxes for this, and he is confident of this phase.

Cambay is the absolute focus at the moment and I totally get why. I am not looking at any of the other projects as creating value at this stage. What might transpire though is a "new" project that ticks the box of being cashflow producing.

One lesson I have learnt with AIM O&G plays, real enterprise value only starts to materialise when you turn the cash flow taps on and start covering costs and making profit. Prior to that it's like a lottery, loosely governed by AIM rules, and a vehicle for individuals to draw a salary and spend investors cash on trying to discovery the holy grail. More than often this doesn't materialise, and then the band wagon of fund raising just keeps chugging along, which grips investors and most end up then losing money.

I've been a CEO and MD of businesses and ever since I can remember its been rammed home to me that 'cash is king.' Think of that when investing in AIM, but more importantly, is that cash being turned into revenue or just blown on costs with no revenue in sight. I happen to think OEX could be cash/revenue producing in the next 6 months from what I have been told.

Mr Molla...added....

Yuri....dropped you a Twitter DM

gordon.....its a tender issued for well management services. They need that expertise and boots on the ground to deliver the Cambay work schedule and to help support putting together a comprehensive field development plan. The FDP will be needed to support any discussions with JV partners.

Yuri....Just LSE....happy to drop you an email

Well management contract to enable bringing back existing wells into production and not just C-76 and C-77. Will have the appropriate fracking knowledge as well so that new techniques can be applied to maximise flow.

Traders bailing out for their 1% return or worse still a loss......absolute bonkers

OEX is transitioning at long last. The new management team are taking full control of what needs to be done now. This is very reassuring. A clear strategy is being put in place for Cambay, and this wouldn't be happening if there wasn't high degrees of confidence that they can start to monetise what they have within their acreage.

The news flow lined up for this business will re-rate the company, just needs patience. In a few weeks time I doubt you'll be able to buy at sub 0.20p.

Not the RNS everyone was expecting but still great to see they’re taking corporate governance seriously as the company transitions itself into becoming a producer.

What I can say with absolute clarity is that there is lots going on behind the scenes and there will be announcement shortly of an awarded contract to a successful bidder for well management services.

Another premium buy over the ask for 2.2m.....cat out the bag?

Someones just taken 8.8m shares at a premium of 0.1965. :-)

Just couldn’t resist hey Gordon? :-) Good price though….

Thanks everyone for your kind words and thoughts. Made a good recovery and some good news that the cancer was retained completely in the prostrate, so longer term prognosis looks positive. Just regular PSA blood test monitoring now and hopefully that’ll stay on the low side.

Get tested men, I’m 53, and had no symptoms or signs whatsoever. I was lucky and caught it just in time before it spread.

Back to OEX, I understand everyone’s frustration especially the real long term holders. It does though sound from Roland that they are not sitting idle and are readying plans. There is also work ongoing to bring the existing drilled wells into production.

The SP reflects no where near enterprise value although I believe in time it will.

Just thought I’d drop in with some factual detail, having corresponded with Roland. Some of you may remember I also posted about speaking to him the other month shortly after his appointment.

The Indian government ratification of the GSPC deal is a formality and as such, OEX are very active in the planning and engineering of the two new wells they plan to drill next year. These wells are important building blocks for a full field development so they’re putting a lot of effort into getting them as well prepared as possible. OEX are not excluding the possibility of a farm out on Cambay but need to have a solid development program in place to offer up to potential JV partners.

From his email narrative there is a lot going on behind the scenes and patience is the key if you believe in the investment case.

Whilst we are in this period of very little news the SP will always drift and languish. The real value will only start to be reflected when more of the company strategy and operational milestones are achieved or put in place.

I remain heavily invested and Roland has his finger on the pulse in terms of exactly what is going on and needs to go on.

Gordon…. That’s a copy and paste from a recent RNS. Roland has confirmed to me funding will be by JV for Cambay and not own funding. I think it’s just in there for future projects where they need to fund with equity, debt or bonds.

The report is written in the past tense up to the 30th June! A couple of months from then takes us into August, maybe Sept. Its August on Saturday so we could only be 4-6 weeks away from approval.

And by the way it’s a ratification rubber stamp that’s all that’s needed, approval has been given. And that’s from Roland himself.

Methodology.....first class post and thanks for sharing. Can't disagree with any of that content/analysis. And as you say we now wait for those test results.

Just keep reporting him, you'll notice all his 300% SP drop garbage posts get removed.