Member Info for obone

Could n't sleep 2 nite and found this !!!!

Date:10/08/18
Time:11:50:01

Aug 10 (Reuters) - Oilex Ltd (OEX) :

TRADING HALT IS REQUESTED PENDING AN ANNOUNCEMENT ON EVENT OF DEFAULT NOTICE ISSUED IN REGARD TO CAMBAY PSC

No, TPT quiet day here

:-)

Walters,
just reward for your success in getting heads banged together.
And a thank you from me.

But as you have said, we must keep the parties attention on fulfilling their required actions.

FX,
Very pleased to hear you made some cash back today.
Quite flattering you ask for my opinion but I am only a normal Joe LTH and not party to AST shenanigans.
A lot of traders jumped on the bandwagon and they won't hold long.
But then takeover is now a real possibility we must be looking at over 2p (BOD will ensure they make on their options) when IPPC license is issued within two months. Lets hope the well re-entry licenses materialise are not held up again.
I will monitor patterns tomorrow to try to decide how to play it but I don't want to be put in a position where I was nearly busted and depressed again.

Having hit age 60 on Wednesday this week has aged me a lot more...
I really feel bad for the likes of FX selling out and stockdale reducing holding involving huge losses.
I was in the same position and felt like sh.t on Monday being nearly wiped out. I held but it was tough.
But on Tuesday I took heart from Walters lobbying effort and did an all in poker play.
I sold another share and bought nearly 1.3 million @ .3845p
Went out to play tennis this afternoon and home to find 0.9p closing price.
Better than the kick(s) in the teeth we have been having for years.

and I'll cry if I want to....
This is merely a pittance against money I am down but at least the money is going to excellent charities
and it makes me feel better:-
To commemorate my 60th birthday today I have
donated £60 each to the following charities:-
1. Brent Lodge Bird & Wildlife Trust
2. Guide Dogs For The Blind
3. Arthritis Research UK
4. Young Minds

Courtier,
We have a good BOD in place so there's chance for a good outcome.

Kevin, well that is a change of heart after a long time - you being a stalwart of SRON.
Probably going to be a while before SE Asia deal announced so sounds like you will sell up.
Better luck with your other investments.

Colin replied to me that he had no objection copying answers to the bb so here they are:-

F.A.O. Colin Hutchinson,


Firstly, I see you have decided to stop tweeting since March 2018.
I suggest you tweet to explain.

Secondly, how confident are you of the IPPC license being agreed this time round.
Do you think it will take another two months from 5th July before ARSO reply ?

Thirdly, have you a date when you will draw a line under the strategic review
and decide there will be no deal. Are we close to a deal ?

Fourthly, newspaper articles have appeared recently explaining environment concerns with fracking
and the applications for to renter wells. Media articles can be NGO attempts to stop the company’s development or
real ARSO concerns that need addressing. You have not issued any RNS to reassure shareholders.

Fifthly, how does the current balance sheet look and in particular cash position.
As time goes on and on surely you should consider, with other BOD, a gesture to reduce your take.

Sixthly, the share price is on its knees, as a large private investor sitting on a huge loss
I need some reassurance there is light at the end of a dark tunnel.

I await your substantive replies, thanks.

------------------------------------------------------------------------------------------

Thank you for your message.

1. I stopped using Twitter on advice from our Nomad after being reported to AIM regulation for a light hearted tweet.

2. I hope that ARSO will act in a timely fashion but there are no guarantees.

3. We have not set a date for completing the review but are working to bring things to a conclusion as soon as is practical.

4. We have stated in an RNS that ARSO have asked further questions in relation to the re-entries and we believe that we will not cause any significant environmental risk.

5. We will release our cash balance when we put out our interims. We have reduced fees in the past and would not hesitate to do the same again should circumstances require it.

6. The share price is lower than it has been for quite some time. Our priorities are the review process, permits and production. I hope that success on these fronts should help to improve the share price.

Thanks

Colin

The bickering sometimes goes down to a level of personal attack (and I have been subject to before)

CMG,
are you telling me others are not sharing info ?
they certainly have an agenda
very little substantive info is ever put onto this bb but a heck of a lot of bickering

I am not trying to give a titbit...
I'll email back to Colin and ask him if OK to copy his email reply on here.
But I will respect his reply.

CMG,
Not pointless...
Responding means he read the points I made and he is 'alive & kicking'.

I wrote to Colin first thing this morning with a number of the subjects we raise here.
I was pleased he replied point by point ... and within 3 hours.
I do not think it right I divulge his replies publicly but I felt a little more reassured now.

Pinguser5,
I have read the replies on Twitter. Could be Colin or PR company.
Just rehash of known situation or I can't say anymore.
Don't acknowledge shareholder pain.

Not sure why you pick on me after I said the obvious.
Anyway, I ,like you, need to see the SP go North but positive development news to be forthcoming.

Think SP will stabilise at this level.

Probably because of the James Parsons link.

bradis,
I think deep frustration we feel is that the news we need has not happened and been miss-led quite a few times.
We are still here because there is still a good chance something we result...and we don't want to crystallize a heavy loss...or miss a result after hanging in here so long

Still no news on SR 2018

Only RNS I expect is....the IPPC amendments submitted. (eom was the commitment)