Share Name Share Symbol Market Type Share ISIN Share Description
Oilex Nl LSE:OEX London Ordinary Share AU000000OEX8 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.18p 0.17p 0.19p - - - 0 06:37:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.2 -0.2 - 2.12

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Date Time Title Posts
19/10/201714:42OILEX - Significant upside at Cambay and Canning basin15,753
16/4/201614:30Above 8.5p targets 12p again for Oilex (OEX)55
04/12/201515:03Oilex 2014 and onwards188
11/5/201510:51Bust in 6 months!15

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Oilex Daily Update: Oilex Nl is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker OEX. The last closing price for Oilex was 0.18p.
Oilex Nl has a 4 week average price of 0.18p and a 12 week average price of 0.18p.
The 1 year high share price is 2.28p while the 1 year low share price is currently 0.16p.
There are currently 1,180,420,686 shares in issue and the average daily traded volume is 12,023,053 shares. The market capitalisation of Oilex Nl is £2,124,757.23.
kirk 6: OT also mobile streams, online mobile traffic picking up drastically and share price near all time lows
kirk 6: Isn't that a good thing though? Why has the share price reacted negatively?
pugil: Disappointing announcement in my opinion. I know this pre work for drilling has to be done but the $1m raised here is a drop in the ocean of what is required to move the Cambay project forward and it comes at the expense of a huge dilution in shareholder value. The only thing that is going to re-ignite any serious interest and share price movement here is the next drill that we were promised this year but I can’t see that happening now. Confidence is not helped by the fact that this company has spent millions on work over programs and testing at Cambay before with little to show for it. It needs someone like Magna or Zeta to commit funds for the drill soon otherwise all I see now for the medium term is further dilutions, capital re-organisations and more erosion of value for long term holders like me. No point selling at these levels so not much choice but to hold now and hope for a turn around, however, I think the return to the 12p levels is looking a lot further away today.
steveglobal4: looking at the trades yesterday and now today, I'm guessing the placement is .37p ish, otherwise i think he share price would have fallen at lot more, as the whole market is one big con in my eyes
steveglobal4: We've had all the messy round now with the share price last few days, tommorow now may be the time to start loading up again,
steveglobal4: Cambay must be worth 16 times the share price before we start, The share price has been silly low for too long
investment dave: OilexOil exOil. Ex.Oil - price is rocketing Oiled - share price should rocked based on the name
josephrobert: Currently most of us are nursing heavy losses. Each of us is likely to have gone past the point of asking if we have made a mistake, past the point of breaking even and to the point of asking if we will ever get decent amount of cash back. At the moment OEX have little or no production, which means little or no inventory. Cash has shown to have been burnt up like Guy Fawkes doused in petrol over the last financial year. I imagine I have lost more than most, but I'm not concerned unduly. Yes, I'm annoyed with myself in not selling at the start of August last year, yes I've gone through the mill, but unlike many other O&G companies OEX still exists and has the funds to grow into a production business on the back of a bit of luck with the 2 sets of drill, core and frac. Previous darlings in the sector are on their last legs without a viable business in the current environment, with little or no market cap - CAZA £1.8m / TOM £3.3m / NEW £3.4m - how can they raise anything like the $30m on the back of such miserly market caps? Without a decent amount of cash how can they get a decent amount of production out of the ground? Only until OEX is successful operationally will we get a decent bit of shareholder value. In this environment none of us can expect anything else - Indian Natural Gas prices are based upon a basket of oil prices across the world and apathy for the sector is strong. But I don't care about 73, 77 or B3; nor the 5 well workover campaign. All I care is getting the 78 drilled and the first step in this is based on the announcement back in August. hTTps:// The contracting and procurement process for the 2015/16 drilling campaign is nearing completion. Technical and commercial evaluations for 13 of 14 major tenders are finished and final evaluation and approval processes are in progress. I may be wrong but at some point there will be an announcement soon with the details of the drill rig. As long as the actual drill is not far away, and they keep indicating the very end of the calendar year (perhaps they can make it clear in every RNS that it is December, not the very end of the financial year H2 2015), then I would suggest that the early movers amongst us have already quite realistically positioned themselves and there are a few of us ready to invest upon that news release. For me the apathy across the BB's in the sector is a positive signal - at some point the divergence between OEX's share price and it's progress in getting closer to using a decent amount of cash to attempt to prove up a very decent amount of production will converge. When that happens the share price will be a lot higher and there will be some kicking themselves that they didn't invest earlier. GLAH.
lr2: 29palms - your post #10886 doesn't fit the facts. On 17th September OEX released their 'Cambay-77H – Intervention Complete' RNS which made no reference to the failure of the retrievable bridge plug. Therefore, I have to assume that the problem occurred after that date. Now, if you then check share prices from the 18th September onwards you will see that the OEX share price on the start of that date was 7.125p hence the price did not slump from circa 12p. (The 13 day close down cannot have been any later than 21st September for the recover rate to have started on 4th October). On 6th October, after the recovery rate was known, the share price closed at 6.875p. So, overall, during the maximum possible close down and re-open period the share price slumped no more than 0.25p. The major damage all occurred today which indicates, at least to me, that the retention of share sensitive information within OEX isn't that bad.
baz63: Thanks Edge, is there likely to be 2-3 more RNS' before flow results are released? Given your experience of investing in O&G and having admitted yourself being surprised OEX share price is not quite a bit higher at the moment (as others have) are you slightly concerned there could be other issues here? Especially given reactions to news on shares like MSMN - albeit at a different stage to oex just seems quite a disconnect
Oilex share price data is direct from the London Stock Exchange
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P:42 V: D:20171023 06:14:27