Member Info for liquid1

OILEX – COURT STAY NOW PROVIDES FOR BINARY OUTCOME

August 13, 2018 | Posted by admin

News today of the granting of a Stay by the High court in Gujarat appears at face value to be bad news for Oilex shareholders in contrast to what the trading activity and price movement on Friday led many shareholders (including ourselves) to expect.

We proffer the following take on matters – namely that this is the last throw of the dice by GSPC in relation to their current default position on the key Cambay licence area. We expect that the stay will be overturned sooner rather than later and that the notice of the transfer of licence of the balance 55% presently held by GSPC will become a formality. We remind shareholders of the 2 facts: firstly, the statement by management on the 29th May re potential farm in interest per below:

“An increase in Oilex’s participating interest in Cambay from 45% to 100% would greatly assist the Company in strategic farm-in discussions with third parties. The Company has received several informal expressions of interest from parties to participate in the ongoing work programme and looks forward to updating the market when appropriate. “

And secondly, our own analysis (in full HERE) that lays out our perceived value assuming that Oilex farms down to a 30% PSC in the Cambay fields:Table adjusted for new share count from original research in Nov 2017:

One can see that if management are able to finally receive back the full interest, quite aside from the outstanding circa $3m due from GSPC that the potential upside to shareholders is many multiples of the current stock price. Given the current market cap of just £2m, Oilex is now being valued as a shell with no value attributable to these very valuable assets. We believe this assessment of the legal position is wrong and liken the opportunity to that which we have highlighted at Pathfinder Minerals in recent months. Accordingly at 0.2p per share we are active and ongoing buyers.

DISCLAIMER & RISK WARNING

http://www.alignresearch.co.uk/oilex/oilex-court-stay-now-provides-for-binary-outcome/

Looking good!

The Australians will see the light Monday am

23rd October

LONDON (Alliance News) - Sydney and London-listed Oilex Ltd on Tuesday had its shares restored back to trading on AIM after the High Court of Gujarat completed a court hearing for its on-going legal battle to take control of its Indian joint venture.
Oilex shares have been suspended several times in recent weeks as court proceedings have been scheduled and then postponed.

The company expects a decision regarding the matter within a maximum of seven working days.

Managing Director Joe Salomon said: "We are confident that the company has followed the correct legal process and acted in good faith with both our joint venture partners and the Government of India.

Some one mentioned 1p to 1.6p on positive court case result. Looks like Market already knows what’s coming!

Proactive Investors One2One Investor Forum - London

Faron Pharmaceuticals Ltd | Silence Therapeutics plc | Scancell Holdings Plc

Nov 1st 2018, 6.00 pm - Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. Details on the presenting companies can be found below.



This event is suitable for the following:

Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.



The event is not suitable for people pursuing commercial opportunities.

https://www.proactiveinvestors.co.uk/register/event_details/174

Blue tomorrow please, Mr God of the market!

Seller OUT!

Drop for no reason! Again!

Something stinks!

I wonder if market is expecting bad news from Japan????

All this buying and sp keeps heading lower! Bad sign IMO

Can sell but not buy even 10000. Looks like Custos wants his 30%

The fact that you can't sell even a small amount online is disturbing, even after the large buy!

I smell a mm rat! FFS these mm's are damn crooks.

https://www.pressgazette.co.uk/johnston-press-shareholder-christen-ager-hanssen-has-appetite-for-company-remove-board/

Oversold!

When is the interview out?

What interview?

83p is sell price! Don’t be fooled by mm’s

NT to sell!

Hence the drop on all the buys! FFS!

Faron's follow-up investigations may breathe new life into Traumakine development 16:08 22 Oct 2018 https://www.proactiveinvestors.co.uk/companies/news/207591/faron-s-follow-up-investigations-may-breathe-new-life-into-traumakine-development-207591.html