Member Info for Kabaa

How much did they offer?

Also there has been a court case since then so a completely different scenario.

Does anyone have a sensible valuation of cambay?
I have a few shares in oilex but would buy 10 times more if I understood it a bit more.

I can see it's worth many millions to oilex/gspc but would be interested to have a breakdown by someone who understands these things more.

I think there is a quiet majority that would rather have this board as a discussion for Oilex.

Unfortunately when 5 or 6 people take it over with brainless comments, 1 liners, 'banter' and off topic chatter, it deters any intelligent discussion on Oilex.

Probably because their post gets buried under a bunch of utter nonsense, people don't bother writing anything!

So could you guys maybe find another outlet for your inane chitchat that 99% of readers and Oilex investors are definitely not at all interested in?

After reading today's update many times, It is infact very promising. To note a few things.

''More recently, GSPC have approved a sales process for a number of it's JV participation interests. GSPC have indicated willingness to divest their interest in Cambay.
Oilex holds pre-emptive rights to acquire GSPC's interests in Cambay and Bhandut JOAs''

Now why would they add this to the update if Oilex is not considering buying Cambay + other assets from GSPC?

Oilex broker research have added

''We posit that should there be incremental cash paid to GSPC as part of that settlement for the full 55% of the field returned to Oilex, a raising at a significant premium to the current share price or coincident farm in would be the likely route taken.''

Considering the current market cap of Oilex is around £6m a very quick multibag of the price is likely round the corner here.

Cambay alone is a massive asset and to get a resolution with Oilex owning most of it + getting back to work there in short order will be very lucrative to shareholders.

People keep buying this at the 0.25 level for a reason. It has massive value even if discussions with GSPC fail. If they succeed, which is looking more likely in the past month, then 1 to 1.5p will be here in short order.

Yes but it makes the value of the assets far more.

E.g. if expected break even is $30/barrel and the price is $45 as it was towards the end of 2018, then profits will be $15.

As the price moves above $60, the profit is >$30/barrel. That is a 100% increase in profit (30vs15) which makes the asset far more valuable to external investors. Whether producing or not.

Another note - just look at the oil price since November/December too!

It makes the profit margins on oilex assets MUCH more attractive.

I think it's an mm scare more than anything this morning.

Went down on no real volume.

Vol bought 6.8m
Vol sold 3.2m

Can sell loads, can buy hardly any.

I actually thought it was quite an exciting update. April is here so obvious they haven't got it sorted out yet but it does look like there is a lot of potential there on several fronts and resolution more imminent than it has ever been, so I did not take this as a negative update at all.

Mm's shaking a few people out imho

If that is align, very fair play to them for putting their money where there mouth is.

This is definitely not a bad update and indicates they are very very close. Potentially with a few other opportunities too.

Align research said it was but do they talk to the company or just post rubbish when they tweet?

They also said February expected.

Either way this price is cheap and has huge buying support around this level consistently. We will at least get an update around end of april for the quarterly report.

Me. There were only a million available from my broker so took them.

After seeing so many regular posters try to talk this down at an already low price, it's made me convinced it's a good buy down here. I've rarely seen a stock not quadruple from the low when there are so many negative posters on it.

How is attaching a note suggesting the outcome will be somewhere valued between 0.71p per share and 2.18p per share 'a binary. 0.18 or 0.6'???

4 derampers turn up on a Sunday night. People are going to be very noticeably disappointed if this does get sorted out soon...

How much is cambay worth to us at 100%?

The chairman has already said they have partners ready to go ahead and finance the whole thing through JV once they get GSPC sorted.

It sounds like GSPC are orgainsing their affairs rapidly now, so very likely a deal with Oilex is about to be announced.

They already have non dilutive financing interest, so this really could rocket multiples.

I imagine Align have spoken to the company very recently to update with their twitter comment too.

All looking very promising.

Some decent posters and decent news have turned up.

This is looking Good!

Perhaps A big deal with Oilex, Jv buying out the rest of GSPC and starting work again at Cambay!

I'd expect an RNS within 24 hrs, especially if the stock moves up significantly.

I gathered that from this mornings tree shake.

They must be short from Friday.

It won't take a lot of buying for this to get back towards the 0.4-0.5p value range

On Friday, on the Daily chart, we crossed the 20 and the 50 day moving average on the same day.

The 100 day is reading at about 0.31.

A golden cross is likely this week (20 crossing the 50) and often brings in buyers.

0.34-0.36 is where we had a discounted placing from the 0.4-0.7 area.

All of these levels breaking will encourage more and more buying. A lot of people laugh at this technical analysis stuff but so many people look at it and input it into programs to give buy/sell signals to algorithms, that it does actually work. A self fullfilling prophecy.

In summary, i'd say there is a lot of upside here and more buying will be encouraged on the break of 0.31, 0.34/0.36,0.4 then 0.55 (high of december) and 0.7 (high of November)

It will cut through all of them like butter if we get a positive GSPC RNS but on technicals alone i think we can have a few double digit percent up days.

I expect the whole Uk stock market to return towards highs before the summer and maybe break above.

It's one of if not the cheapest market in the world, massively sold off due to brexit worries.

As they clear away over the next few weeks, expect bombed out stocks like Oilex to massively outperform.

I saw the same thing in the 2000 and 2009 crash and picked up several 5 and 10 baggers. (The little stocks get massively oversold and rally like crazy in many multiples on a market turn) - the same has not happened with AIM.

Add in a long time solution to the GSPC coming and Oilex is going to 1-2p+ imo.

I wouldn't normally take any notice of align research but they are right on this one and their note is worth reading.

This should really run on Monday or next week.

Technicals screaming a big buy and downtrend about to be broken at 0.3.

Update from where?

The next equity financing will be JV not retail.

The market is pricing way too much risk on this at the moment and if a deal is made (which is almost 90% certain, they just need to formalise all contracts) then we will, within a day or 2 be trading around or near the 1p mark.

A jv partner to finance the lot has been involved in talks with gspc and oilex. Once they get their ducks in a row with lawyers etc to make it official, this will be a huge winner. We could get an RNS literally any time and have been waiting years for this to come to a conclusion.

On top of all that, the chart looks excellent and the bottoming process is almost complete. the 200 day and 100 day moving average are still pointing upwards, the 50 and 20 downwards but when they cross (this week I expect) you'll see more buyers coming back in as the short term downtrend is reversed to a full uptrend.

No rns could send us back to the 0.4s and 0.5s on technicals, RNS finalised deal will break a penny within a month imo.
Happy trading (and investing :)