Member Info for jester16

Whoever wants this will have to pay big. The deeps will flow either by us or by a major that decides it wants it. This is getting bigger by the day.. gla

They've told you June for any info with regards the seismics. Gl

Looks like they've turned down this proposal otherwise we would of heard something by now.
Oilex has worked tirelessly in seeking a resolution and in recent months has submitted several proposals to GSPC for consideration, with the most recent draft proposal tabled on 20 March 2019. This is currently under active consideration by GSPC.

From the inception of operations in Georgia, the Company has incurred certain tax expenses which per the terms of the Production Sharing Agreement with the Georgian government are subject to reimbursement from the state. The Company has notified the appropriate authorities and is in the process of collecting a tax refund from the Georgian government. As of June 30, 2018 the amount of refund due to the Company was $6.4 million. As collectability is uncertain, the Company has not recognized a receivable as of June 30, 2018 or 2017 for these ongoing proceedings.
So an increase of 400k

From the inception of operations in Georgia, the Company has incurred certain tax expenses which per the terms of the Production Sharing Agreement with the Georgian government are subject to reimbursement from the state.  The Company has notified the appropriate authorities and is in the process of collecting a tax refund from the Georgian government.  As of December 31, 2017 the amount of refund due to the Company was $6.0 million. As collectibility is uncertain, the Company has not recognized a receivable as of December 31, 2017 or 2016 for these ongoing proceedings

Yeah let's see what this week brings...

I think that's what he was getting at another acquisition on cards let's hope they own rt50 rigs.. gla

How much is rt 50 rig?

Not being funny but operationally they can. They could have the decency to at least update us on what weve achieved in 5mths of silence. It was his statement before we delisted and he hasn't stuck to it. If your happy with the silence then fine I'm not. What if we dont come out of this court case? You'll hear nothing ever. I disagree it was the only course of action zaza could of bought time by paying the 2 mill getting funding in place then gone after him. The NY fund was going to be used to pay him off why did this not materialise because we delisted and probably got cold feet because they dont know if we come out of the other end unscathed. Anyway we'll find out soon one thing I've learnt is never invest in companies that hide behind ndas because seriously speaking if these flow rates were any good I'd release the news straight away to support the sp and sack the ndas. What good have they actually done... none whatsoever. We are at deaths door a multi billion pound asset on the line over a 2 mill interest payment that shareholders wasnt aware of. Was the notes under an NDA. Fuming

Stockdale they're moving on because we dont have much time to play with. Weve been diluted to death when are CEO with is financial background could and should get us finance through a bank. Every oil and gas company as debt we have none but he always comes cap in hand to shareholders get some wells opened up and get finance it's not rocket science. It's for our survival... gl

So they can keep the 6/8 mill plus the 400 mill whilst were at deaths door yeah not a bad deal.... shareholders have been used I'll stand corrected if we come out of this but the radio silence doesn't fill you with confidence... gla were soon to know our fate...

Why haven't they got a6 flowing considering it only needed perforating? Sat on sidelines whilst milling for 3 mths at a5? Could of done 2 sidetracks on a5 by now. It's been done by design so they can get everything in place ie financially like a3best acquisition kids given shares cant say I blame him I'd do the same.

I see Australia was buzzing last night for oex shares not a single buy. I think this bod have alot to answer for. No action the next you'll hear is talks are at an even more advanced stage than 3 mths ago. Oh and we might go to arbitration I hope their getting interest on this money owed... gla we need it

Forward the compressor? Let's install it now not in 5 months time. Do we have stimulation equipment on standby if not then why. Everything is slow mo. Weve sat on 2 wells and done nothing else went in a sr which I think was a smokescreen? Get opening other wells get debt financing from a bank like most other companies do. We have no debt if we pull over fingers out of our bottoms and start doing something we could have 4 to 5 wells producing 1 or 2 wells could fund the debt it's not rocket science. John has been with us 5 mths what is he actually doing just looking at data that hes probably looked at in the sr if it ever happened. Come on earn your wages this week we find out it Slovenia wants foreign businesses to succeed. They've just announced 100 mill for foreign investment let's see if they back us.

Tomorrow let's hope for news with regards workovers on deep wells. Let's get this train to next station. .

Why didn't zaza get the tax rebate the 6 or 8 mill would of gone along way to buy time at least I'm sure the 2 of them could get 20 mill together considering he was going to do a 5 mill loan to company. About 13 mill now and the rest in installments. Will this ever relist or does this plan have an ulterior motive. The money we are talking about is peanuts compared to the asset... just doesn't make sense... gla. Let him have a well to recoup his money the vulture can maintain it as well.

So if the permits are not granted what do you do stick our heads in the sand and think everything will be ok. Theres rules and regulations to follow we've followed them they haven't.? Why do you think we have legal teams on standby something has to happen otherwise we will lose this asset for them to take. Its scandalous weve had experts granting it's safe and not harmful to the environment they ignored that then agreed it's not fracking they haven't a clue they shouldn't be in that position. Let's do hope they are granted we find out this week. It's always at the death never granted them early. They take EU money they have to follow EU guidelines. Let's see what comes..

Wasnt they involved in the debacle at ctag where they resigned?

I think so you get everything in order first and when your happy unleash the beast. Great business men do the same all over the world. Gl

Want to foster me. Joking apart this is a monster casp will have an idea on estimates why they dont release the info is beyond me but I think the only thing holding it back is we need to flow a deep... it will come and soon i personally think all this delay tactics was for the board to get everything in place before they allow this company to grow so wise. Hes looked after his kids now could it be our turn for supporting the company through thick and thin I've been here since a5 was drilled. Gla