We would love to hear your thoughts about our site and services, please take our survey here.
Hi all,
great early volume! This is more than entire daily totals of recent days. Interest ahead of news maybe??
An increase in price would be a welcome start to an upward trend forming.
Here's hoping :)
In April last year the share price rose nearly 4- fold on news that Oilex were granted buyout of JV partners share so owning 100% of the Cambay tenements if I remember correctly. Imagine how high it could go with GOI approval! At least that surely.
With all the excitement around opening up India to foreign investment in gas it is only a matter of time. The frustrating part, TIME. I'm annoyed waiting but also excited by the upside which could happen anytime now.
Agree totally! At least the commitment is an increase for gas in a world that thinks that alternatives will save the earth quickly. Wind or something else that Oilex isn't into. If the wind doesn't blow or the skies are cloudy the greenies won't want to go without power and it has to come from somewhere!
Cheers
Head and shoulder pattern has formed in the natural gas chart!
https://www.tradingview.com/chart/?symbol=CURRENCYCOM%3ANATURALGAS
Hi all,
don't know if this has been posted already but gas is looking up in India's quest to raise it to15% of its energy mix by 2070
https://economictimes.indiatimes.com/industry/energy/oil-gas/india-invites-bids-to-set-up-gas-sales-network/articleshow/88760301.cms
HI all,
Armour Energy up 15% in OZ today on news and good volume. Oilex owns shares and is preparing to sell.
More money for the company if price holds.
GLA
Hi all,
no trades all day then 74,629 shares traded ($223) on the bell to drive the price down 25% again!
Only a small trade but still frustrating to see.
Come on news!
Love the word "fracking" with all its connotations. Great for frustrated shareholders!
I'm fracking excited now we're getting closer to some action in the field! India opening up for foreign investment
might light a fire under the sector. News of successful fracking and an income stream again should keep the share price ticking up over time
A lot of shareholders might sell on news and I don't blame them as I'll be one of them but I may keep half of them.
Patience is the key. Here in Oz no shares traded today but I guess people are away on a well earned break this time of year.
GLA
Let's hope it's soon then Gordon. With the GOI getting involved in selling more land blocks it's only positive to those already involved so waiting is all we can do. Tom Petty said it well.
Cheers
https://www.youtube.com/watch?v=uMyCa35_mOg
Hmmm. Do they already have a guarantee of approval and are waiting for a particular time to release news to the market???
Let's say after the big shareholders get their new shares from the capital raising! General shareholders are usually the last to know.(Reminds me of a Del Amitri song) My Opinion Only. I don't care as long as they go up and I can profit!
GLA
https://www.youtube.com/watch?v=Nox57hdgeAU
Hi,
yeah, I've given up wondering. At first I thought it was still the unmarketable parcels going through but I thought that had finished weeks ago!. Yesterday 1 share went through after the final bell to lower the price to 0.003. Weird. I've been meaning to call my broker and ask and I think I will tomorrow.
Cheers
Which is Republic Investment management the largest shareholder
Hi all,
news here in OZ. Citibank N.A -UK increasing shareholding from 581,698,187 shares to 864,557,035 up to 14.31% from 11.49%
Have a good new year :)
Hi all,
IMHO the bottom would have to be the raising price surely @0.14 pence. It all depends on who is holding and who is selling I guess. There are a lot of investors who bought in after the latest news but some who sold into the rise. As time drags on, if there are those who can't or don't want to hold at current levels, they might sell lower?? 0.15 might be the bottom if there's no interest and news takes too long. Here in OZ the bottom I think has been back to 0.003 where it has settled for a long time-it went up only to 0.004 after the news (on good volume with buyers appearing!) and quickly back to 0.003. Again, only GOI approval will probably light the fire in this stock again.
We can all guess I suppose. Hope the bottom is already in at 0.16
As Rene Rivkin used to say "you can't pick the top and you can't pick the bottom" and he was caught insider trading and jailed in Australia GLA
Hi,
yes extremely frustrating that the Aussie investors couldn't push the share price over the open of 0.004.
35 million shares traded at this price though! It's a start. Just 1 share traded with 2 hours to go in trading and it was right on the close (probably part of the share buyback of unmarketable parcels). I guess traders are scared to commit at higher prices.
Further rises in UK might help but hopefully SP doesn't go back to 0.003 again on no news
GLA
Hi all,
found this info on horizontal drilling. May be useful for understanding the process.
https://www.youtube.com/watch?v=EPIZRadZzK4
https://www.youtube.com/watch?v=E7TPwSJogQg
Cheers
Hi all,
30 mill volume so far in first 40 minutes of trading. 0.004 buy/ 0.005 sell- hopefully we will see a level over 0.004 at end of the day but the interest is there for sure
GLA
Thanks,
news announced and first buy order of 2 mill @ 0.004 on board! This share price hasn't closed over 0.004 cents since early November so I hope today is the day and buyers get moving and into this share!
Hope restored at last! Hooray!
Hi all,
well what a surprise! News that gives the SP and shareholders a lift b4 Christmas is very welcoming. It will be interesting to see if this filters through to the ASX market today as it should. It's 2 hours before the opening of the market here but nothing reflected in the OEX buy/sell orders just yet! Here's hoping.
GLA
Hi all,
now that I am over the raising and dilution of OEX it's time to look forward to some good news.
Hanging in there is all we can do or sell and lick our wounds!
If good news is just around the corner then so be it. I've only been waiting since April 2021 so not as long as a lot of you on this board and I have been impatient for a rise in the price even so.
It seems that a lot of boxes have been ticked and GOI approval surely must be the next news we hear! Unless a surprise from the other ventures Oilex are into chimes in
Gla