Member Info for teraferma

The Directorate General of Hydrocarbons has proposed a 50 per cent waiver of cess from crude oil and natural gas produced through Enhanced Oil Recovery (EOR) or unconventional oil production project in the draft Policy Framework to Promote and Incentivise Enhanced Recovery Methods. http://www.thehindubusinessline.com/economy/policy/dgh-proposes-50-cess-rebate-for-unconventional-oil-development-projects/article10010341.ece

http://oilex.com.au/projects/india/cambay-field.html

Trance one 0.215 and Trance two 0.283 and then your back in the room, with no idea how JS convinced you to part with your money.. So that's how he does it, the little magician!!!

Price holding well recently, been quite a few after hours buys gone through the last few trading days. Unable to get a quote online for any significant amounts.

Cookie, thanks again for the offer, i seem to remember you offering last year as well. It would be interesting to see how much interest there is at the AGM especially ii's. Questions: About funding; -How does he expect a �3M MCAP company with �1M in cash, to fund a $10M work programme? -Is the plan for GSPC to relinquish their percentage of Cambay in return for monies owed to Oilex? - Will the new strategic partner cover the remaining shortfall in funding? - What % of Cambay are Oilex looking to retain? PSC Renewal: - He has previously hinted at an early outcome of the decision, what is the realistic time-frame in his opinion? - How long after renewal decision will the work programme start? New Acquisitions: - Is the plan to acquire near production assets in order to have some cash flow, or fields with similar geology to Cambay where Oilex can use it's tight gas expertise!! TIA TF

Oilex has an impressive Indian operational team and does not employ any expats. The company has brought in Indian consultants to undertake a strategic review of the key basins in the country to provide a structured approach to finding oil and gas opportunities and following them up. In Australia, the area of interest is the mighty Cooper Basin, which is the country�s oldest oil and gas producing region. Oilex has a specific strategy and is trying to secure an opportunity which would represent a commercial oil play using a technological advantage that the company has and following recent new geological understandings in the basin. The management team is also looking at a steady stream of North Sea projects seeking to do a deal on an asset.

From Align Report Management plans to have completed dealing with all the legacy issues in H1 2018, which will allow real progress to be made. The two remaining issues are the licence extension for the two Indian projects as well as the situation involving JV partner GSPC These items both really rest with the government as the Director General of Hydrocarbons (DGH) is in control of oil and gas licencing and GSPC was set up by the Gujarat State government. Both matters are expected to be quietly resolved in a timely fashion over the coming months. A ten-year licence extension would take both projects through to September 2029. The resolution of the GSPC situation is more than likely to be achieved by bringing in a large financially-stable new joint venture partner probably assuming most of GSPC�s stake, with GSPC ending up with a small interest. To this end, Oilex has opened a data room and has been soliciting interest from larger international E&P companies in an attempt to ensure that the deal is secured for a preferred partner.

Maybe tranche 2 options might be the reason for current sp rise.. Exercise price 0.35p expiry 22 Nov. Tranche 2 Subject to shareholder approval, the Company will issue approximately 246,090,941 Shares at a price of 0.225 pence per Share to raise a further GBP0.554 million (Tranche 2 Shares). Each Tranche 2 Share shall be issued with an attached unlisted option which will be exercisable at 0.35 pence (A$0.0056) at any time within six months from the date of issue. Each option holder shall be entitled to be issued one Share upon exercise and payment of the exercise price.

Edit: It's a research note not a broker, but it still shows the potential upside. One re-entry and two vertical wells are planned for H2 2018, probably funded by a new JV partner farming in, with Oilex retaining a 30% to 45% stake.

http://www.alignresearch.co.uk/cpt-company/oilex-limited/

The signs are, there is a buyer in the background happy to take anyone's shares at these prices. Bid held firm all day despite the sells, then a late delayed buy. This has happened for a few days in a row now.

Especially Newbie who sold 7.9M. I feel for you.

Hmm I wonder who that is? Finally a clear forward development plan, with logical progression.

"I haven't kept involved with anything for a long time now" Probably the best way Lewis!! Short answer, PSC renewal decision due Q2 2018, nothing major will happen before then IMO. We are owed $5.5M from GSPC which is filtering in slowly.. O/T Anyone noticed the quiet accumulation of shares over the last two weeks.

Wouldn't surprise me to see Oilex bidding in the next HELP round, which closes 15th Nov https://pbs.twimg.com/media/DNsqh4BXUAEHklV.jpg

Looks like Mr Salomon has been busy. See below for copy of a presentation he made in Mumbai championing business in India, on behalf of the DGH it appears, good relations will help for PSC renewal. http://online.dghindia.org/oalp/Content/pdf/1_MoPNG_Presentation_Mumbai_Final.pdf You're welcome TF

Likewise with CS, can't buy even �100 but can sell 3M. Someone has been accumulating this week, we have had two 10M buys plus a 5M. Might be some life yet in Oilex!!

bbr391 Looks like a morning star reversal pattern. Fingers crossed for another blue day tomorrow.

Anyone have a subscription to Petrowatch? Oilex MD Jonathan Salomon in love with India.. http://www.petrowatch.com/synopsis.php?artId=16419&w=1

Might be putting 2+2 togethe,r but found this tender on Indianpetroplus, not aware of other companies hydrofracturing currently in India. Project Name: Drilling Site Hydrofracturing (Proppant requirement) Project Description: Promoter is planning hydraulic fracturing work in its onland oil fields. The requirement from promoter's end for Hydrofracturing services will be for lightweight ceramic/sintered bauxite proppant having a preferable mesh size of 20/40 or 16/30 or 12/20 respectively. An annual requirement of 1000 MT of proppant is expected from the promoter's end. Project Event: RFP's for the proppant is expected by November end 2017. Expenditure Approval: Sep/2017 RFQ Date: Nov/2017 Release Date: Nov/2017 Start Date: Q1/2018 Completion Date: Q1/2018