Member Info for smileywiley

very much agreed majorboy.

frankly speaking, before arbritation commences officially, oilex is seeking a commercial settlement, without a reply from gspc or settlement. This is going to arbritation which would take 9 good months to be settled. where does that leave us with cambay? and even if there is, the earliest we can expect a drill is late this year/early next year. And cash balance is at 1.2 million. --> We have an equity financing up and coming. Yea. u put your money here. but expect this fundamentals to never change. i've been here long enough to warn new shareholders before over-investing. this is a good company, with a good bod, with a good asset, and them seeking for new potential developments. good for the long term. but don't expect this to be quick and easy. it is a long term holding.

Will only recover if cambay goes into commercial production and from the looks of it, not any where in the near future. Or maybe even if there is a new project which can be commercialized. Fundamentals are right in your face that none of this are even achievable as of now, without news. The increase in volume is just pumpsters pumping it up to delude ppl this will boom. What a dumb move. The only way i’m seeing this truly increasing is if there’s news. In any case, definitely not tonight with the bod all currently sleeping in aussie. Yawn.

You have alot of questions unanswered. You should direct them to the management not us shareholders who are equally as clueless as you are. Chesh and I are willing to wait for the simple reason that oilex will eventually get the cambay jv sorted out and drill cambay to get some oil and gas to be sold in the market! We did go to arbritation! It’s which process that will be faster — arbritation or commercial settlement. Either ways, gspc has to sort it out eventually, it’s just when. Gspc decides to play the no answer game. We will let them play it. Eventually, they have to give an answer, days are counting down. Arbritation process has been started. They should be wise in deciding which have less consequences. If i were them, it’s obvious to pick commercial settlement :-) let’s see how skint they wanna be.

Seems like they rented an even bigger office with more space! That’s some money to spare without a cambay settlement. I wonder what this bod is up to. Either making headway preparation for cambay settlement ( and more jobs due to the nature of more manpower) or just blowing money away

Im expecting a note by align or someone to tell us with regards to the win for modi as to how oilex is going to progress from here

The stage is set for GSPC with modi’s predicted and certain win. Honestly wished he lost bc i’m dead pissed with how slow GSPC is and hoped that the opposition would declare GSPC bankrupt as they have said when they come into power ( And this would mean an even longer wait for us to even see returns from OILEX but still worth it because GSPC deserves it). Oh well, on a brighter note, at least GSPC still survives and they wont be declared bankrupt. Hooray to a deal being made now, and oilex can finally get things drilling with the govt of gujarat retaining their place and hence position in gspc. What a bull crap nonsense but i honestly wished they lost as retribution for making us wait so **** long

Hoping BJP loses this election so that the opposition (congress) can force the shut down of GSPC. Sick and tired of their nonsense honestly. Delay here,there, everywhere. This will prolly take longer than a year if that happens but I’m really sick and tired of their red tape action.

Sense to me is that gspc did not receive good enough tender bids for the 12 oil fields they plan to divest. Simple and straightforward! If they had a good enough tender bid, they would have already sold at such a price. Wouldn’t be a need for an extension. Just really wish this BOD do something about it tmr. Near future ahead. It’s been 1 over month. Ffs. Get on with taking cambay forcefully since u said u have your legal rights and commence drilling. How can we be waiting for 6 over months with no news on it. Seriously

precisely why i'm gg to wait for it to drop. it's over sold. we all know that. i'm gg to avg even more down now. eyes on the prize. and we all know where that goes. if u dont have the patience to wait it out, i do!

tbh there was news on it . the article said by the gspc officials said end of may was the guideline for them to complete their sales. so i'm expecting news then. i'm waiting for it to touch a new low from here before i top up again!

thats what ppl say. and then when the news pops, ppl start ramping this stock. same old . what's new? ppl are fed up with waiting for 8 months for this to be settled.

How oilex funds this. It’s flucking cash flow positive to me with 30 drills into cambay. Cambay ain’t gonna rest to me. All that i can smell is the flow of natural gas from this drills. Hopefully, they dont farm out too much of their camaby asset

That oilex is facing is ridiculously scary. Forget about even getting any drop from gspc. If this bod is gonna draw a salary without doing shi*, i’m sorry but they dont deserve to be there. I’m giving them till the next quarter, to sort their shi* out. Talk about drilling since 2018. And nothing has been done after half a year. Apart from sucking shareholder’s money. Expecting another equity financing to occur. Right after the bod announces cambay. 6 months has been sufficient time to sort things out. Not tell us “we are still in discussion and that our cash call balance is 1.255million.” It’s right in shareholder’s face that you are sucking us dry, and continue to do such a thing without any progress.

Equity financing is about to hit the floor. Just really pissed how they raised 650k and literally spend it on doing shit. We aint printing money here oilex. Literally pissed.

Expecting a rns to come out today for the quarterly report! Wondering where is it. In the computer not yet send out???

anyway, i'm moving on to other shares. all the best for the rest! do not fall into the dumped section. im out

really good profit thanks mitch and mc! nah. just learnt to not be too greedy. give and take. there are many other shares out there that holds a better risk to reward ratio. e.g. a few i'm in now, wsbn, oilex, aaog, nccl! cheers mate

sold @ 0.42,0.43,0.44 in multiple tranches! cheers mate

nah mate. not sore. i bought in at the low 0.06. call that sore or not, but i sold out after taking my loads of profit. i'm just saying this have been pumped up on alot of speculative news. and just like wdc which was speculated, it tends to do very badly right after this. thus, my guess to sell out bc it is a clear indication of pump and dump. volume starting to die out as compared to the initial pump!