Member Info for TheWetBandits

Cheers Callum but that’s from 2014 mate. All that matters is news and delivery in the present.

Completely agree guys - Russia stuff isn't helping more alternative stocks, people always taking powder off the table whenever there is FUD in the markets. Epsen is right - look at how far Oilex have come and all the boxes ticked. Would personally find it strange if people were to bail out at the final hurdle and when production is on our doorstep but each to their own. Could have sold at 0.25 or 0.24 on numerous occasions but why when the potential is far greater. Not interested in 10 or 20% profit - you can research much bigger market caps for those wins. Got to give the refrac a chance, it can fundamentally change the outlook and valuation of the company. GLA.

https://www.dailymail.co.uk/news/article-10515525/amp/Ukraine-crisis-cause-energy-firms-bust-cause-cost-gas-double.html

I think Roland will make his move very soon. Such big assets at cambay and with context of energy crisis oilex can make a lot of money over next couple of years.

Sounds spot on to me, Elegance. All the best.

Sure thing Gordon, it's an improvement on what my wife calls me. Cheers.

Hi all - e-mail received from oilex PR as follows: -

Dear awesome investor,

Thank you for your email. The company announced the results of the GM via RNS this morning https://www.londonstockexchange.com/news-article/OEX/results-of-general-meeting/15333721.

As you can appreciate, guidance around the likely timing of production would be made via RNS. The most recent statements on Cambay (Jan 28, X2 on 7 Feb) provide current status of the Cambay project - https://www.londonstockexchange.com/stock/OEX/oilex-ld/company-page.

Best,
Chris

So nothing we don't already know but production update can drop at any time. I'm particularly looking forward to the refrac - I'd then like to think we we will really see it motor providing updates positive. Have a good weekend.

Candi_Cane - the GM is a formality - for once I am in complete agreement with AimingHigh on that one. The RNS we all want is announcement of production and operational updates on production. I've e-mailed them this morning to ask if this is days or weeks away and that proactive communication to shareholders is essential even stuff like dotting i's& t's regarding the GM. All the best.

Gareth - the RNS is coming imminently to announce production. To reiterate message last week, they are currently covering formalities with local Gujarat Pollution Control. Subsequent to that we can look forward to receiving operational updates regarding both production and the well anticipated re-fracking! All the best.

@jonesrichard - production will be announced in the coming days they just need to conclude formalities with Gujarat pollution control .

Hi Gordon,

I know what you are saying pragmatically, but really, we are in a much different situation now to last April. Approvals like GOI / environmental clearance while simple in essence can be painfully time consuming. Add to that Covid delays and communicating with local authorities in India and it can be a frustrating, hard slog to say the least. So nothing was ever going to happen before we had that "green light" . Now we do have the green light there is literally nothing holding us back for the re-fracs and production. A different world almost - we can just press on. Plus the cash raise is out of the way and it's fully funded so no capital raise for the foreseeable unless it's a barnstorming JV! Add to that India wanting to go all out on ramping up Gas production so we have their "buy in" So Oilex going into production (imminent) in the current economic climate with energy prices being sky high, I see this as a "perfect storm" for a rerate of the Share Price. This is going to attract lots of investors in the coming weeks. All the best.

Cheers Gordon, ATB to you too, friend. My little lad has just turned 18 months and with running the business no time really to check in regularly but thought i'd tip my hat in now the music is about to start. Hope all is well where you are. Meanwhile, big game for Everton tonight....GLA

I've been invested in this for 18 months now. and I have been keeping my mouth shut on it until GOI approval came. Because although it might have been "expected" to some, its been a crucial part of the jigsaw that we have been missing. To me, it's massive news and I don't think i'm exaggerating. It now confirms oilex have 100% of Cambay and they can crack on with making it productive once again. They are well positioned and setup to do this and they don't strike me as a bunch of crooks like other companies on AIM - they've had a long tug of war with Cambay and they are now in total control. And so if the share price has been around the low 0.20s prior to GOI at 50% PI then I think the rerate will further continue as we start to ramp up production. Add to that the energy demand for oil and gas at the moment, if the refrac is good then this could be a genuine AIM slam dunk. They don't happen all the time, but they are out there, they do happen and it's up to us investors for us to find them - I believe this is one and there's generally a great crowd in here willing it on. GLA and here's to starting production.

Agree TDinvestor - solid enough results considering COVID and supply chain issues. Must better position and optomistic going into 2022 so happy to pick up shares here.

some nice Friday night scaremongering going on here StopStart.

StopStart - very apt. Gla

stopstart - I am talking specifically about the RNS to confirm they have approval / are going ahead

Let's face it - appeal process will take a while now after the council with a combined age of 100,000 years had their laugh. Long term it might be something to look for in terms of an appeal approval.

Short term however, what do we think is going to be the next RNS? Because it's like waiting for the grass to grow. I would say Loxley but I have no idea what that lot are waiting for. GLA.

Typical Independent article as well, Ibug

Anyone thinking this can't potentially drop to 200 and below is naïve. If there's one thing I've learned from COVID, it is expect the unexpected. Or even expect the worst and hope for the best. And that uncertainty has been crap for travel. And the painful media love it - any rises in cases or talk of new variants and it's all over the news because the media thrives on fear. When the reality is 99% of the people that have been vaccinated will be fine and therefore we should get on with our lives - simple. But unfortunately in the world of the markets, particularly travel sector - any uncertainty kills it. And the governments 1st priority is to protect its citizens so the more talk on the news about the NHS being under pressure, the more likely it is that the government will react. That's the way the world works particularly under the microscope of the media and social media. So I am biding my time with Tui/Easyjet until we are incontrovertibly out of the woods. If the price does get silly, then obviously worth a punt at that point. Gla.

Both sensible posts - sums it up well. Couldn't agree more. GLA

Does anyone have a definitive timeline on when Loxley result is expected? Any heads up would be appreciated, cheers.