|yesterday 17:35||iglenn||Graham.....your post has turned from good value at not far under this price to downright conjecture and slander.Point 1: Concept of drilling has in fact been "proved". Only flow rate and production is yet to be clarified.Point 2: conjecture on your part of when the rates will be released....and nobody is forcing anyone to buy here.Point 3: 50% participation already guaranteed and... read more...|
|Mon 08:29||control1||Looking at what we know, if they were going to flog Cambay now, why would they need to raise funds..?
They would have the current cash on the books plus whatever funds the sale raised which would be plenty to keep them going whilst Canning talks are concluded.
I reckon they are going ahead with some proper wells on Cambay. Get that going at 3-5k bopd and then maybe flog it then.
I really... read more...|
|yesterday 00:13||georgeski||So 20% discount to the average price over the 5 days prior to the offer close date.
Results from well will be out before the offer closing date which is 12th DEC.
They must be confident that the flow rates will be good.
EDIT . The the 20%discount to the offer price will be based on the average of 5 days price prior to the issue date which is 22nd Dec. read more...|
|Mon 09:11||killerwolf||i guess if the wells/project was a dud there'd be no reason for fund raising, so that might be a good sign? read more...|
|Tue 11:50||mike_f||Buys about to outweigh the sells. Hopefully a nice reversal on the day. GLA read more...|
|Tue 08:25||mike_f||Post on iii by HPC Follower:
The current market value of OEX is £24 million.
We have just proven that US technology with horizontal, multi-stage fractured wells can deliver oil/gas flows which are commercially sufficiently good to enable the Cambay field to be emptied of the recoverable content; more quickly with longer horizontals and smaller diameter pipes.
Page 5 of the OEX November AGM... read more...|
|Mon 15:35||rawv8||Great price at the moment . Nothing to say this can get any lower. Rumours are usually just that! Some people have a different agenda served by such! read more...|
|Mon 14:27||georgeski||I think that Ron's problem was that he couldn't raise money without something to attract a potential investor.
This should be taken as a good news rns. Although I imagine a few are having doubts with the drop.
There is obviously good news on the way otherwise why would someone put 5 million into the pot. read more...|
|Mon 10:03||teraferma||Oilex wants $5m in share purchase plan
Oil and gas junior Oilex is seeking to raise $5 million in a share purchase plan to be managed and underwritten by brokers DJ Carmichael and Patersons Securities.
hxxp://www.afr.com/p/markets/market_wrap/oilex_wants_in_share_purchase_plan_P47NVbcNNax59VtwgrCDSN read more...|
|Mon 08:58||kirk 6||once they have rasied the find this will move fast towards 10p. read more...|