Member Info for Jasper13

Wronin...nothing on that link? Did it have anything ?

Certainly looks poised today for a tick up. Mainly all buys today, albeit still low volume. Wont take much buying pressure to make this move. Soon have the momentum/swing traders all over this as they look for their next 20-40% based upon June news due.

Real poor form then if thats the case Gordon. Should be the easiest piece of operational consideration to manage and sort.

Now Oilex website is down again for the 5th day running. Now I'd say that is poor form for anyone wanting to know more about this business or like me, wanting to verify some old numbers as part of my continued research. Could it be that they are updating it? Or if it's run by an agency that they have been provided with new copy to update? Or is it just badly managed and not on stable servers? Either way it needs fixing. I've emailed them directly, with a few questions about any updates/timings. Let's see if I get a reply. To be clear I hold a substantial number of shares, so not in anyway trying to deramp.

As did I Conger and Gordon. Just no need at all for it. We're all on this board with a common reason and thats to try and make a bit of money investing or trading (if thats your bag) and listen to others peoples views/thoughts and research.

Anyone else having issues with the Oilex website being down? Did this the other week.

Widglide....would you care to expand on why you don't think its looking good for OEX? I am all for a balanced debate.

Try reading the last few RNS’s it might give you the answers you’re looking for.

Totally agree Gareth...they know something....

Agree toptuf....and this is where AIM companies unfortunately fail, due to poor or even sometimes zero communication with the shareholders. I've reached out recently to the company, just via their standard published email and I got a reply. Wasn't given any insider info but did get a "we are working to the stated timelines." That's a plus in my book that they bothered to reply and took my email seriously. They also clarified some other more technical aspects of my due diligence, which I just wanted verified.

Institutional investors stumped up £2.4m at a capital raise price of 0.00238p. They were happy to do so based upon the details the company provided them, which as I have said before, will have probably also given them more insight into the planned activities. It's being called 'taken inside' by the brokers, effectively like a confidentiality agreement. I have used brokers before and been a participant in these. Basically you get a heads up ! Todays buy price is 0.002243p, a 5m went through a while ago. Yes thats less than what the institutional investors paid. Are they worried about that? I would suggest not. Why? Because they put up their cash knowing what is coming. Much more upside.

Every investor, not trader, needs to weigh up their appetite for risk. They need to believe and be compelled by the company and its proposition/s. They need trust the board to deliver on their proposition. If you don't believe then don't invest. I am taking my view based along with the institutional investors that the company now has a clear way forward and strategy to start delivering shareholder value.

It's not long to wait to see if the timeframes suggested by Joe will now materialise. If they don't, and there maybe slippage due to factors out of control (legal, negotiations etc), I'll live with the slippage as long as the proposition outlined is still the core delivery strategy and the company informs of that.

Amazes me the amount garbage that people post on these boards. The company have been very clear in their communication over the coming months regarding the 55% GSPC acquisition and funding arrangements. they have spelled out next steps and time frames (end of quarter 2). The share price is at the level of the capital raise. What do people expect? I'd suggest there are people on these boards blindly investing hoping to make a quick buck. They then 'crap' themselves when the share price doesn't do as they want it too. Do your own due diligence, invest what you can afford and be prepared to loose and be patient.

The recent equity raise has generated funds of £2.4m/$3.4m. The 55% GSPC acquisition cost is $2.2m (£1.5m). Allow for some deal costs/broker fees etc, say £100k, that'll leave around £800k/$1.1m in surplus funds after the acquisition has been paid for.

These surplus funds could be used for working capital purposes as has been mentioned in recent RNS's, but could also be used to fund re-commencement of production of the previous drilled wells.

This was the field plan feasibility study. Drilling of 30 wells, work over on 9 wells and development of surface facilities. Cost RS 965 Crores which converted is about £93m or $132m, so as per Gordon numbers around, I'd say around $2.5m per well.

http://environmentclearance.nic.in/writereaddata/Online/TOR/30_Apr_2019_1445472834VJ36CFW01PFR.pdf

MM's not playing ball for some reason. Tried to buy another 2m and just NT.

Found this old article talking about the EP-IV reservoir and requirements needed to improve production. Joe's comments in the 23rd April 21 RNS state, "no impediments to potentially building a significant production base from the known EP-IV gas resource." Could be back on stream again relatively quickly once legals/approvals finalised.

https://www.worldoil.com/news/2017/8/24/core-analysis-and-review-confirms-cambay-potential-in-india

gordon....you maybe right

As I've mentioned before there may have been stipulations /undertakings on the acquisition of the 55% by the GOI, that have been written into the sales agreement/legals. This could not only be in relation to how Oilex intend to fund the acquisition, but also their means by how they intend to develop and further fund.

Couldn't resist another top up at these prices......2.1m at 0.00236p. Patience needed.

You can now buy at the recent $2.2m equity raise price. This is now institutional investor money price. Don't see it going any lower than this. Time to buy some more.

Thanks Conger, I've had replies from Stacey only.