For those who haven’t listened to it, please do so. A candid and almost apologetic interview with JS.
India, Aus & potentially the UK, I’m intrigued!
The future dare I say it, is starting to look positive and whilst JS reiterates time & again about investor value, I genuinely think he is on the money with the company’s strategy.
Historically they have been down this road before and won!14 Aug 2019 15:08
Oilex due US$4.6m as it wins West Kampar arbitration The International Court of Arbitration has found in favour of Oilex (ASX:OEX, LON:OEX) subsidiary Oilex West Kampar Ltd in its claim against the operator, and stakeholder, of the West Kampar PSC joint venture, for the recovery of US$4.6m owed to Oilex. The West Kampar PSC is located in Central Sumatra, Indonesia.
Oilex is the majority stakeholder in the West Kampar PSC joint venture, with a 67.5% participating interest - including 22.5% under Power of Attorney - and PT Sumatera Persada Energi (SPE) owns the remaining equity in the project.
The company was entitled to have an additional 22.5% assigned to its holding through the exercise of its rights under the Power of Attorney, granted by SPE following the failure of SPE to repay funds due. The company said it will not pursue this assignment, if it is paid the funds due.
it's the only outlook I can have, it can't get any worse.
Let's look at this way, all negativity pre the acquisition was priced in, post acquisition and PI sentiment on anticipated news has taken this up. Don't get me wrong Gord, there is a significant way to go before we are back to acceptable levels.
The positives outlined below should have this in the 0.30-0.40 range at least.
Only time will tell, the arbitration will only add shareholder interest be it from LTH who wish to add more or day traders.