Oilex Update - Current Status9 Dec 2018 18:45
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.