Member Info for tintin35

This is the outstanding issue here - why has it not been halted yet? Still makes this share exciting...

Indonesian stuff - not what we're waiting for

In October 2018, the Company announced the Autoridade Nacional Do Petroleo E Minerais (ANPM) had commenced arbitration proceedings against Oilex and its joint venture partners (Respondents), in regard to the JPDA production sharing contract (PSC).

The Company announces it has today submitted the Respondents First Memorial to the International Chamber of Commerce (ICC) in Singapore. In this regard, following a substantive legal and independent expert review, the joint venture has lodged a counterclaim against the ANPM for the amount US$23.3 million (plus interest) as damages arising from the wrongful termination of the PSC. Oilex holds a 10% participating interest in the JPDA joint venture.

The arbitration hearing is scheduled to commence on 10 February 2020.

am expecting Cambay to be resolved before any arbitration - We are clearly in the right here and they have not kept up their payments which was a pre-requisite of entering arbitration - they are in deep sh*t. Some deal likely to be announced soon. If so, could be massive.....

nope - nothing
https://uk.investing.com/equities/oilex-ltd

this is excellent.....

:)

reached finally….

There was 15,000 traded last night in Aussie land - nice of them to mention it.
https://uk.investing.com/equities/oilex-ltd

hi - no - Kurt says he's been told it won't be on the list as it is market sensitive - could be anytime (yawn)….

everyday costs CASP loads in lost revenue. I suspect a lot is going on in the background (for a change).

They could JV it for little cost? Sounds like a bargain - the company looked desperate.

at 0.195p - another rns conspiracy is thriving....no reason why ASX couldn't be halted by now

except......no trading halt last time....

v close to a bagger....

:)

It specifically says Acquisition - which doesn't sound like cambay. But they don't have much money so I have no idea what this is about. News about Cambay would mean they had the cash for an acquisition. Buying cooper basin wouldn't need a halt as it didn't last time.
Hmmm....exciting though.

nice to see the rampers back - it's been a while.....

good point - you don't suspend for 49% but suspend for 51%.

But why not suspend here?

we all knew about this.

44% up