Member Info for PaulJ8520

Poor show IMV, yes it's a small dilution but could have got a loan with 'promised' production within a year.

"not read the report enough to know whether that includes impact of West Gharib drills - I guess it wouldn't given they haven't been drilled yet"

LOL Shakey - if it does, they're expecting a lot of dusters!

"Capital expenditure for 2022 is fully funded and is expected within a range of GBP21.5 million to GBP23.0 million, with more wells to be drilled at all three sites during the year. Capex for 2021 was USD27.7 million."

I'm still trying to digest all this but it does sound like a positive turnaround.

https://www.google.co.uk/maps/@7.2753967,81.8663301,939m/data=!3m1!1e3

https://link.springer.com/article/10.1007/s13563-021-00274-3

Just listened to the webinar... "potential for producing potash literally for hundreds of years at any scale".

At current prices, over $1bn in cash flow after OPEX.

Hmmm... am I missing something here?

It's showing 134p equivalent on the Nigerian exchange

You forgot to add 'visible gold'

https://korepotash.com/wp-content/uploads/2022/01/Webinar-and-QA-Potash.pdf

webinar link

https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup-join%2F19%3Ameeting_ZmI4MDgwNWUtZjBhYy00MjI4LTk3ZTItZTNlODEwZDg4ZDBk%40thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%25221df42e66-f973-410d-a0c9-a7902a851458%2522%252c%2522Oid%2522%253a%25228fdec0a5-0cab-436a-a3c4-f8ed8a15fe95%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d%26btype%3Da%26role%3Da%26anon%3Dtrue&type=meetup-join&deeplinkId=9b49429c-5513-4027-bd8c-c81aac65e45d&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=true

PaulJ8520 Sampo Oyj pte Ltd. 220,000 0.000065%

If they pull this off, it could be a great turnaround.

Well I hope you're not having a go at me Pedro, I did have the largest trade of the day. LOL

same here, and they're not answering their phones

same here, and they're not answering their phones

Entity name
OILEX LTD
Announcement Type
New announcement
Date of this announcement
15/12/2021
The Proposed issue is:
Total number of +securities proposed to be issued for a placement or other type of issue
ASX +security code +Security description
Maximum Number of
+securities to be issued
New class-code to be
confirmed
Unquoted Options 711,295,152
Proposed +issue date
11/2/2022
Refer to next page for full details of the announcement

It would be good if you could tell us what time of day you placed this trade Littlened

I think the market knows that Gati is not going to sell PERE'S Minto stake as he is so committed to Minto and gets double bubble being director of both companies. That said, when more is known about the new listed entity, and if all goes well without dilution, the share price will recover IMO.

Well, the bod's own words...

"The MSD-21 infill development well on the Meseda Field (SDX:50% working interest) spudded on 16 October and is targeting the Asl Formation reservoir at approximately 3,200ftTVDSS. It is estimated that the well will take around four weeks to drill, complete and tie-in to the existing infrastructure. MSD-21, with an expected gross cost to drill and tie in of US$0.9-US$1.0 million, is anticipated to come on-line and produce at around gross 300bbl/d, which would have an immediate effect on Group cashflow and result in a payback period of less than one year at current oil prices. The Company expects to update the market on its result in mid-November."