Member Info for yoshie

Just a matter of interest. I read last week someone posted that the port at Pointe Indienne, Congo is the one to be developed, not the one at Pointe Noire (within the SEZ). Pointe Indienne is more a leisure part of Congo whereas Pointe Noire more for industrial & commence. Even if it's true only port at Pointe Indienne is the one to be developed, which is only some miles north of ZIOP, shipments from ZIOP could easily get there to be shipped - so don't quite understand why some people challenging it. Perhaps someone can enlighten me on this.

But a simple research on google & looking at both Pointe it's common sense that Pointe Noire is vital & needed for Congo's trades & shipments.
http://zes.gouv.cg/en/special-economic-zones/economics-zones/pointe-noire

https://www.easyvoyage.co.uk/congo/pointe-noire-and-pointe-indienne-741

Just done. Got more on this low price.

Can they still afford to pay divi since the gold price going lower. Unless they ramp up production.

Gold prices have been going down since months ago. Will it affect the sp here?

@Biz288P Cheers MM. Am appreciative to add.

From 17 Oct.2016 RNS: "<br />Oilex Ltd (the Company) is pleased to announce it has executed an agreement with its Joint Venture partner, Gujarat State Petroleum Corporation Limited (GSPC) in the Cambay Field Production Sharing Contract (PSC) on the next planned vertical well in the Cambay Field (Well C-78). The signing of the agreement is a key milestone towards the proposed drilling of Well C-78, unlocking value and possibly securing an extension to the Cambay Field PSC term.<br /><br />In addition to testing the shallower OS-II zone, the well is designed to obtain core samples for the EP-IV zone reservoir which are needed for future drilling, completions and stimulation optimisation. The Company has an independently verified multi-TCF resource in the EP-III/IV reservoirs at Cambay.<br /><br /> <br /><br />As a result of the agreement, GSPC and Oilex have agreed that Oilex will drill, test, complete, commission and, subject to successful operations, commence commercial production from the proposed Well C-78. Oilex will be solely liable for all expenditure associated with Well C-78, and, subject to GSPC exercising its back in right, Oilex will be entitled to sell 100% of production and receive 100% of revenue from Well C-78."<br /><br />- If GSPC had given Oilex 100% control on 1 well perhaps they might agree on 100% on rest of the Cambay.

Like to be added but you blocked me for unknown reason/s. Cheers MM.

VC - yup, of course. many investors lost a lot of money there too (QPP). He did really robbed us.

Wow, enjoy my share of the yummy Malaysian food & say hello to my friend, the orang utan. Then catch a rope to swing from tree to tree rather the broken chord karaoke singer.

Thanks, Risk & Sooty.
I went to the AGM. Disappointed as was only voting 'cos I'd to miss my chance of mingling with the EME BOD after their long AGM/presentation/Q&A for 2 hrs. to rush to the ZIOC AGM. I was debating if I should miss the ZIOC one as I only get chance to meet the EME guys once a year as they flew in from OZ.
So to compensate for that I got to dig some info. from AT & asked why there's no Q&A session & stuff about co. needs to connect with investors & PR - so he said about the plan presentation event. I know AT is only the PR guy but even so he needs to know what he's talking.

Thanks, Simon.

Must say your posts this morning are brilliant - a understanding & adapting to changes on global demands & circumstances & the mentality of the Chinese. They're very determined people & will get what they want - totally. Also they won't like to lose face. That's how they're able to turn their economy from a deprived communist country to what they are today over a period of approx. 30years since they opened up - that is a huge feat. Moreover they may become the world's largest economy in GDP. If more countries (and businesses) can be so determined like them it'll be a more prosperous world at large.

Sootysnipes - I did. Were you there? For you to claim is made up nonsense. Definitely not made up by me - exactly I was told by AT. Unless AT made that up to say to me. Best if you contact him to speak direct.

For genuine investors here rather than wasting too much time/effort on non progressive ones best to channel to get them to confirm this investors presentation event & Q&A so facts and plans can be delivered.

Those 2.62 sells this late afternoon near bell time are all buys. Sells prices are much lower than 2.62 - nearer to 2.50.

Let's see what next week will bring. Any thoughts? To 3p & higher? with contract news out this will fly.

Apparently there's an ZIOC investment event planned for an evening on end Sept./early Oct. in London so is a good opportunity to seek lots of info. So push on guys & get that event confirmed.

Hi PBateman & others.

Just to let you know that I meet AT (ZIOC) couple days ago (that's before the yesterday's Chinese agreement loan for the SEZ area etc.) which I had a brief discussion on the port & finance. He said if the Chinese finance & build the port that'll be brilliant bonus. When I asked what if they don't? His answered was they'll build themselves. Asked how on finance side? - they'll go on on small scale as planned initially using the old port & the revenue for the first year of 1m ton will help to finance it with Glencore 50% - 50% (I assume on simplicity rather than say 51% -49%).

So if I've been told in honesty (& not just his words but board too) Glencore still in moving forward.

Have mey AT at AGM & he said they'll doing a ZIOC evening presentation in London end Sept./early Oct. - so don't think they're be quiet.

Good support at 19.6 I hope. Sp moving up atm.

If port confirmed signed ZIOP will be worth multi billions ££ as what AT said to me yesterday.

I'm happy they sold at that price 'cos means they didn't make much profit from the price EUA issued them. Wonder why they didn't want to wait till permit get endorsed. But good riddance if they're gone.

Think is a sell at that time stamp.