Member Info for RollingInIt

The good news is, that completely out of character, you're not trying to do the opposite here .... yet.

Yes, Gareth's link is from 2015, but if you equate the 7.4p to todays equivalent, based on number of shares now compared to 2015, it runs to about 1p +. Additionally, that was on a 45% interest in Cambay, and it's now 100%.

Blackhopper

Call me selfish but I'm routing for the opposite outcome.

:o)

My error Gordon. Broad enough shoulders to apologise if your post was misunderstood.

Apologies.

Let's not suddenly go down the faux 'green' route.

That's complete hypocrisy for someone previously investing in any oil and gas stock to make a profit.

Also Steve, in his interview, JS stated that a lot of work had been done to get very very commercial rates from the wells.

_____

"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"

"We know the Gas is in the ground"

"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"

"it's not a complex process"

"to increase the Gas flow rates to very, very, commercial rates"

Steve

Pointless trying to make 'armchair' assumptions other than from those at the helm with official detail from the company.

:o)

Worth remembering the MD's words in the interview a week ago:

_______

Joe Salomon interview this week.

Salient points:

______

"The potential here is large"

"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"

"We know the Gas is in the ground"

"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"

"it's not a complex process"

"to increase the Gas flow rates to very, very, commercial rates"

"the Company is back to a clean and clear state"

"back in control of our destiny, so that's a really major outcome"

______

Note, LNG import prices to India hit a high of around $18 per Mmbtu in January, which would value the 900 Bcf of contingent resources, stated by JS, by getting the LNG import prices, at around £ 11 Billion !

Additionally, there's the 55% mix of Oil / Comdensate to add into the mix too.

:o)

Excellent news ! :o)

Javier

Something only you can decide.

Nobody on here, including me, is qualified to give investment advice.

Conger

You know exactly the point being made.

Nothing but extolling the many virtues when buying and holding followed now by 'concerns' of underperformance having now sold.

All Jrl highlighted, far more succinctly than me, was the transparency and hypocrisy of it all.

While the words chosen may be different, I agree with the sentiment.

Which you saw as a positive at the time when you held, so the pretence for justification doesn't stand up.

Regardless, the principle of trying to promote a lower price having sold, whether a profit was made or not, is not one to be proud of. Quite the opposite.

Espen

I enjoyed a profit in WEB too and if they sell their USA licences at some point, it'll be a lot higher than it is now.

What I didn't do, however, was post that I thought it was going to drop once I'd sold.

Not the decent thing to do and poor character.

As I understand it, the finger was initially being pointed at Conger, understandably, and not Gordon.

Gordon

Nothing wrong with trading any stock to make a profit, that's what we're all here to do in any stock but I believe the point being raised by Jrl, albeit expressed in a manner that you don't appreciate, is the transparent hypocrisy in the posts.

Suggesting 0.2's having sold, a figure plucked from the ether, compared to suggesting the opposite with reasoning for being so undervalued when he held stock prior to last Tuesday, combined with lines, such as:

_____

"I suspect it go over 1p maybe near 1.5p even on the day"

"Mass game changer ... 1p plus."

"So I really thing 1p is not unrealistic in short order"

"5 bagger on here on news... "

Etc, etc.

Ibrox

Y es, quite transparent.

Conger

That's exactly what you wrote on Friday too, no doubt hoping for a lower 'buy back' price after selling on the Tuesday.

______

Conger2
Posted in: OEX
Posts: 444
Price: 0.32
No Opinion

RE: Conger is out ----07 Apr 2021 15:34

Just worked out my average sell price was across 7 deals of 5m each ie 35m shares on Tuesday was .45 have to be happy with that.

Gareth

'how some see ir' .... or just purport to see it.

Each to their own and my interest remains solely in my own investment choices.

:o)

To keep focussed on, and the MD couldn't have made it clearer for the listener in his recent interview.

_____

Joe Salomon interview this week.

Salient points:

______

"The potential here is large"

"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"

"We know the Gas is in the ground"

"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"

"it's not a complex process"

"to increase the Gas flow rates to very, very, commercial rates"

"the Company is back to a clean and clear state"

"back in control of our destiny, so that's a really major outcome"

______

Note, LNG import prices to India hit a high of around $18 per Mmbtu in January, which would value the 900 Bcf of contingent resources, stated by JS, by getting the LNG import prices, at around £ 11 Billion !

Additionally, there's the 55% mix of Oil / Comdensate to add into the mix too.

In the RNS:

_____

Oilex Ltd (Oilex or the Company) is pleased to announce that GSPC has provided notification that it has approved the sale of its 55% participating interest (PI) in the Cambay PSC to Oilex for the purchase price of US$2.2 million ('Purchase Price') (the 'Transaction'). The Transaction has also received the approval of the state government of Gujarat. Following completion of the Transaction, Oilex will hold a 100% participating interest in the Cambay PSC.

_____

The sale of the interest to Oilex for the 'purchase price'.

Small amount next to the 100% interest of the £ Billions of Gas and Oil potential in the Cambay that OEX gains.

TWB

I don't think it's a question that anyone here can answer but, given this in the RNS:

_____

Update Regarding Cambay Settlement

Oilex Ltd (Oilex or the Company) is pleased to announce that GSPC has provided notification that it has approved the sale of its 55% participating interest (PI) in the Cambay PSC to Oilex for the purchase price of US$2.2 million ('Purchase Price') (the 'Transaction').

*** The Transaction has also received the approval of the state government of Gujarat. ***

______

That's an endorsement in itself and JS sounded very bullish when he stated in the interview:

_____

"back in control of our destiny, so that's a really major outcome"

_____