oversold14 Apr 2022 12:58
I think this is drastically oversold, two items in that RNS, an honest statement which i am sure all of us can understand based on the increased costs and also an 80% increase in income agreement. 100% oversold IMO
"In addition, Oilex have negotiated a revised Gas Sales Agreement with Enertech Fuel Solutions Private Limited for the sale of gas from the Cambay field. The revised agreement is based on the recently announced Government of India Domestic Gas Price of $6.1/mmBTU plus an additional 20% premium. The revised gas price is now $7.32/mmBTU compared to the previous gas price of c. $4.2/mmBTU."