Member Info for TheWetBandits

I don't think oilex are going to get a loan here sorry - most likely is it's a placing. A JV just isn't going to enter without proof of concept or basin in this case. The big boys don't deal on a whim - I can tell you that from experience. Either way, a placing would probably provide fabulous entry or averaging down opportunities for investors. I tend to agree with jasper in that this would be a final placing before a JV. If Oilex cant get the job done after this one then they don't deserve it - must deliver this time round. Massive opportunity right under their nose in Cambay.

Quint I've seen less horse dung on my Father in Law's farm that some of the stuff you come out with. the earlier posts were removed most likely because you complained like a big girl to LSE because you didn't like the fact you were called out on your 0.50 prediction when taps were turned on. Everyone on here is entitled to their opinion - I don't report someone unless they are abusive (like that Macca prat if anyone remembers him). You throw out "novum" are investigating simply because you don't like your share price valuation being challenged - and for valid reasons from where i am sitting! And you are yet to respond directly to that ridiculous 0.50 prediction after taps switch on - why can't you just hold your hands up like a man and say you got it wrong on this occasion. I believe Oilex is going above 1p in the medium term, but I said time and again (in total agreement with Gordon and I think Jasper would concur) - it won't be until they do a successful refrac to prove the basin and secure that big JV we need. The price is 0.19 today, simply because Oilex need to do another round of fund raising and investors are worried about dilution - nothing wrong with that. I would say they are simply hedging their bets before a potential placing.

This is not placing yet or Republic selling. It's people hedging their bets and deciding to sell because they feel it's safer to be out before July comes along. I would also imagine people are afraid that Oilex are going to run out of cash and thus are aware that another placing, while not today, is potentially coming at some point before JV or results of refrac are announced.

That business in Texas was acquired using cash from - yes - you guessed it! Shareholder dilution. Suffice to say the only way 88e were ever going to get oil was from acquiring a business that already had it. How much Oil have they got from all these drills in Alaska? Sod all. And you get the same bunch pumping it every winter - delusional. Oilex on the other in terms of fraccing have a robust technique to produce significant amounts of gas from a basin that is today producing again (albeit at present modest amounts) . Yet one stock is grossly overvalued and the other is undervalued. And that is the nonsense you often get on the AIM over certain periods of time. Going forward however, I know where I'd rather put my money and which is a better horse to back.

Mcap sorry not SP***

Interestingly - 88e has been battered this last month after finding no oil (shockingly again) and the share price remains x10 higher than oilex when relatively it has sod all to show for this valuation. And it was valued much higher recently until it announced via RNS (late March) that their Merlin drill did not hit the mark.

Now if oilex get it even half right in the coming months at expect a valuation at least level with that bloody lot!

Gla

Cheers Jasper for the summary. Trying to be objective, I imagine the decision for people sat on the fence is do I get in now or wait for the next raise to be cleared. Certain options have risk attached: -

1) you get in now, the SP doesn't do much before the refrac and then a raise comes and then you have dilution to contend with. Track records of AIM companies suggest that one would be wise to factor in delays - you'd be silly not to. That said, I think Roland is very much on the ball and his recent rhetoric has been to be far proactive with Oilex's communication towards Shareholders. 2) the SP rerates coming up to the refrac but you are locked in at circa 0.20 to 0.25 - sometimes it's just better to have "points on the board". I mean what I would do for Everton to have "points on the board" right now. GLA.

Hi Jasper - firstly what a guy. That's what the millennials call "DD".

Secondly - do we have enough cash to last until the refrac and the days ahead while we await the results after the refrac (circa 45-60 days)? To be more direct my question is, would they have to do another cash raise before a JV is announced (subject to a successful refrac)? Cheers

It is classic buy the rumour sell the news SoS.

And what is the news? taps on and modest flow rates - ok great - a genuinely good milestone against pressures from local Indian authorities . But the multi bagger we all want and what Roland was talking about on share talk about the whole basin etc will only be realised after a successful refrac and JV to partner and help fund / deliver the project and remainder of the wells (they will get JV in once first refrac proves the method works).

Rampers don't fool me - and I don't think they fool most LTH's on here (some a lot longer than myself). And I don't have an issue with traders making money off hype - what I do have an issue is people posting crap without any research or evidence backing it up. I have said previously I have time for people like jasper because while he is very bullish on the company long term (like myself) he will actually research and post figures to back his rhetoric up. The transformational change to the SP will be when they prove up the entire basin then farm in the JV - that de-risks the entire project and secures oilex's economic future. Right now the fundamentals say to me that while the production switch on is a significant milestone for the company, economically it isn't the BIG news we need - that will come with the JV and refraccing. It's simple as that. We all want the multiples and that is what will deliver 1p plus. If we go back down to low 20s while the traders sod off then I will add to my significant position. GLA

Oilman has gone quiet, wasn't it supposed to be 0.50 when taps were on? He's up there with JonesRichard. Roll on July is all I can say

Just shows what can happen when hype gets thrown into the mix Gordon. We’ll start to move away from fundamentals now if this properly catches fire.

I’m not sure about FOMO jasper it’s down 6% mate! I was hoping it would kick on today.

Just goes to show that the refrac / JV is really going to be the game changer. I would imagine people that missed out on yesterdays run will soon get opportunities to establish a good position in the coming days.

WolfofMiddlesex - lets see how the economics are looking once taps are turned on compared to a full basin. Then you can pump all day long pal

Gordon is right guys - the Peter Lynch multi bagger we are all looking for is based on a successful refrac as that unlocks all of Cambay's potential (that OEX owns as an asset). Nice rise today though, load of administrative nonsense by the looks of it. GLA.

Agree Zag he’s a ramper without having the full facts. Jasper on the other hand I’ve a lot of time for - he’s genuine with his investment and clearly wants the right outcome - like most of us do!

Shambles of an update but it’s typical working with India. Not in the least bit surprised. Let’s just hope it is a short term issue. If any of OEX leadership team had anything about them, they would offer to take the decision makers out to dinner and build a relationship with them - it’s amazing what can happen when you show interest in others rather than solely your own interests. Relationships over there sound too transactional for my liking. GLA

Bizarre Jasper, makes no sense when it's down circa 10%. And don't get me started on Halifax - their fees for the Nasdaq/NYSE are criminal. Going to switch brokers soon. See where we are tomorrow.

via not giving a live price*** - it should read.

Why I couldn't buy more stock this afternoon at a live price? In trading circles I was doing what is called "loading the boat" and I find it strange that halifax were not offering a live price when the SP had fallen 9% - that would suggest to me there are more sellers and therefore I should have been given a live price. The % spread is wide enough as it is in terms of buy/sell, without MMs trying to make more margin via giving a live price. Disgusting if you ask me - bunch of shizsters. GLA