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"The Cambay basin on the Krishna and Godavari rivers along with Damodar valley are the most prospective sedimentary basins for carrying out shale gas activities in the country. Thus, there is a huge opportunity to discover and generate natural gas within the country to meet the country's rising energy demand. This will help to bring down the cost of LNG in India by bringing down import of LNG."

Latest market study on "Natural Gas and LNG Market to 2025 by End-User Verticals (Power, Fertilizer, City Gas Distribution (CGD), Industrial and Others) - India Analysis and Forecast, states that the India Natural Gas Market is estimated to reach US$ 30.7 billion by 2025 from US$ 19.7 billion in 2015. The report include key understanding on the driving factors of this growth and also highlights ports and storage, government regulation, import and export data and the prominent players in the market along with their recent developments.

The report aims to provide an overview of India Natural Gas and LNG market with detailed market segmentation. Also, it analyzes the current Gas market scenario and forecasts the market till 2025. The report covers government regulations for the current and upcoming years. Furthermore, the report analyzes the competitive scenario, market trends, and opportunities in the markets. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis and SWOT analysis for all company profiled in the report.

There has been constant development in India natural gas industry in last few years. India being the fifth largest coal based reserve in the world, it gives the country an opportunity for Coal Bed Methane (CBM) exploration to produce natural gas in house. Additionally, the country has around 96 tcf of recoverable resources of natural gas that is trapped in shale rock formation. The Cambay basin on the Krishna and Godavari rivers along with Damodar valley are the most prospective sedimentary basins for carrying out shale gas activities in the country. Thus, there is a huge opportunity to discover and generate natural gas within the country to meet the country's rising energy demand. This will help to bring down the cost of LNG in India by bringing down import of LNG.

https://www.openpr.com/news/1360279/Natural-Gas-and-LNG-Market-Outlook-to-2025-Chevron-Corporation-Petronet-LNG-limited-Royal-Dutch-Shell-PLC-Total-S-A-GAIL-Hindustan-Petroleum-Corporation-Ltd-Mahanagar-Gas-Pvt-Ltd-Oil-and-Natural-Gas-Corporation-Ltd-Gujarat-Gas-Ltd-and-Indr.html

@50p

Looks like a 10m rollover

Cambay is an important national asset of India and the Company fully intends to meet its undertakings to the Government of India and contribute to India's energy security. While the Company is confident, having taken external legal advice, that it has followed the correct legal process to ultimately facilitate the development of Cambay, we believe that a lengthy legal dispute is not desirable for any party. Accordingly, the Company is presently in discussions with GSPC and the Government of India to seek a commercial resolution. Importantly, in meetings earlier this week, there is alignment between both GSPC and Oilex to avoid arbitration if possible. While OEX remains optimistic that a commercial resolution can and should be achieved and is working towards that end, there is no certainty for the timing or the outcome. Accordingly, we will continue to update the market from time to time.

https://mobile.twitter.com/AlignResearch Align Research @AlignResearch · 17m Looks like traders in Oilex #OEX banking short term gains as opposed to waiting for the big swing on a hoped for settlement deal. Looking for a move towards our base level of 0.93p in the event terms akin to our view here - Oilex - Valuation Model Update Following Court

-- The MOU sets out a projected timeframe of concluding a Joint Development Agreement with the parties by 31 December 2018, and subsequently submitting a formal proposal to the Government of Bangladesh by 28 February 2019.

Looking very strong

Leak?

Starts on Page 10:

GCM RESOURCES
Many investors will be familiar with
GCM Resources (LON:GCM), the
former Asia Energy, which has been
developing the Phulbari coal and
power project in Bangladesh for
some 20 years after buying it from
BHP Billiton in 1998. Listing on AIM
in April 2004, progress has been
painfully slow, mainly due to political
problems. But recent developments,
including an agreement with Chinese state owned engineer Power

China, could mean that the significant
value in the project could about to be
unlocked.

PowerChina will undertake
feasibility and viability studies and facilitate the inclusion of the project as
a One Belt, One Road Initiative of the
People's Republic of China. A Joint
Development Agreement is being targeted by 31st December 2018, with the
submission of a formal proposal to the
Government of Bangladesh expected
by the end of February next year.

MM’s my be having a laugh! They may cancel that tomorrow, who knows?

Looks like a buy!

Issue 45 – December 2018

The UK's no.1 free investment publication

Page 12:

Black Gold?
Shares in GCM almost trebled on the
day of the ChinaPower news but have
since slipped back to 17.25p. At that
price the company is capitalised at
£32.1 million. That figure is dwarfed
by a 2004 base case project net present value estimate for Phulbari of $2.3
billion (£1.8 billion). So why are the
shares so cheap?

As discussed, GCM has seen its fair
share of issues over the years, with
the project now more than a decade
behind schedule – in 2004 first coal
production was planned for 2007. Government approval of the project is the
key hurdle to overcome, leading to the
challenges of financing and construction.
It also has to be pointed out that there
is opposition to the project from a
number of parties, both in Bangladesh
and London. This mainly concerns the
environmental and human impact of
the planned development, with GCM
estimating that 40,000 people living
within the planned mine area will need
to be progressively resettled as the
mine develops. The company's December held AGM is always a lively affair,
with the board being presented with a
stocking of coal by a protestor dressed
as Santa Claus in 2012. GCM believes
that these issues are "manageable"
and has confirmed that a Human
Rights Impact Assessment (HRIA) will
be completed in due course as part of
an updated Environmental and Social
Impact Assessment.

https://masterinvestor.co.uk/wp-content/uploads/2018/12/Master-Investor-Magazine-Issue-45.pdf

Miss the old MM trades, always was a sign that they were short of shares and investors used to pile in causing a surge in sp! Based on Align research 2-3 possible! WTFDIK

2-3p before Xmas Music to my ears!

Thanks Retour Looking forward to the news!

Expecting * typo

Are you expected an update on commercial agreement this week?

2.5p will do just fine before Xmas! Unaffected by Brexit/ Brstay

Report post Sun 18:45 Price: 0.28 Retour_du_Renard 3,714 posts RE: Oilex Update - Current Status Hi folks, haven't posted on here for e while because frankly it's full of 'non research idiots' and I've also been pretty active of the very 'influential' private groups on Twitter and other formats, all of who are way more knowledgable with many being in direct contact with the management. I have to point out the this big misnomer about 'Arbitration'. I can tell you now without fear of contradiction that neither company is actively 'pressing the process'. The first few months does not involve both parties sat around a table but posting submission for consideration in a few months (June). So anything you see posted on this board about arbitration is completely misinformed and wild speculation. https://www.londonstockexchange.com/exchange/news/alliance-news/detail/1543497545088911000.html BUT I have it on good authority that both parties have pretty much dispelled a resolution via arbitration and are currently sat around a negotiation table in Delhi and are thrashing out a commercial resolution. After a very successful court outcome, Oilex are very strongly placed and although they maybe are unlikely to score a 100% of cambay, the outcome will be in their favour. As we know, Schlumberger and Bakers have pretty much marker 'x' on the spot for Oilex and given them highly detailed drilling information to reduce the COS dramatically. I have been told by management that there will be a very strong update on developments (discussions and drilling) before xmas. My guess is that we will see something released before the end of the coming week as things pretty much wind down the week after. These are really exciting times and Joe and the team have worked really hard to pull this around. Any bad feeling about legacy 'Ron Miller' type sentiment should be set aside as I think there is some highly promising news flow due very shortly. At the end of the day the choice is yours but this price is complete nonsense compared to the value that have now been official verified. All the best. No Opinion Reply to post