Member Info for jester16

In January

To forward sell always happens

Forward sold last week could of been when it hit .54 we'll find out today?

In December 2017 Republic agreed to participate taking up an initial 7% interest in Oilex. Republic continued their support of the Company in May, July and then also September 2018. Republic currently has a shareholding of 9.7% in the Company, as well as advancing loans to the Company.
So let's see what this is all about. Is it a placing if so why cannot we use these loans offered by republic?

Instead of saying capital raise. Just say at what price and why the need we are being diluted because of failure of none payment gspc? It could be a loan for field development who knows.

I think we'll find out tomorrow... gla

The Order, which was originally put in place on 9 August 2018 was obtained on an ex parte basis and accordingly, the Company was not afforded an opportunity to assert its position. The Company notes that, notwithstanding the Order, GSPC remains in ongoing material breach of the JOA with the Event of Default (EoD) remaining in place and Oilex fully intends to enforce its legal and contractual rights irrespective of the outcome of these legal proceedings. In any event, we note that the Order automatically expires after 5 November 2018.

By way of background, on 29 May 2018, the Company issued the EoD Notice to GSPC in accordance with the Joint Operating Agreement (JOA) for the amount of equivalent US$3,054,832. The EoD Notice was issued as a result of GSPC's ongoing failure to pay its Participating Interest share of Cambay PSC expenses. GSPC failed to remedy its default within 60 days and, in accordance with the JOA, Oilex formally requested the Directorate General of Hydrocarbons and the Ministry of Petroleum and Natural Gas, India to transfer GSPC's participating interest in the Cambay PSC to the Company. This was announced by Oilex on 30 July 2018

We are owed money why are we doing a capital raise?

Buying they are in default so we should get it for nowt? If you don't pay we take it away it's that simple..

Ain't paid their way we get diluted. Cheers bod thx merry Christmas find out tomorrow how much discount they have given the institutions probably been forward sold. You watch?

No farmout

Are we not owed money? I wonder why we need a capital raise? Have we acquired more of the asset... Who knows

It's a sell but who bought it. Same arguments on every board gets boring.

We were told for the bod to be able to dilute us? Then cancel sr how is this protecting shareholder value? Is this taking p I s s, what is the bods fudicary duties again?

El1070 up in the air
Flow test at gh up in the air
Marginal field who knows
Results next
Then AGM this bod had better get it's act together because as it stands it won't be pretty..... Let's do hope for something out of the blue...

I did warn you. But too busy listening to well I won't mention any names.

Finished flat

They have to follow court orders Because if they didn't maybe sanctions against them would make them listen.

Why not?

If we get news tonight?

Well we will get news This week. Might be a few snippets of info...