Oilex Ld Share Discussion Threads

[babbler] 15/11/2018 15:06

That's what a joint venture is about eh?

[bulgarian] 15/11/2018 15:05

Degsey / Tidy2 on RampCentral just now:

"..It isn’t just a case of them paying the 3m to OEX. They also had to provide security to the court that future payments would not be delayed. This is why it is a win win for OEX as if they didn’t pay OEX is already in advanced discussions to take the 20-22tcf resource forward. Remember 1.4tcf is already proven and all infrastructure is in place..."

Here's the recent Company presentation:



A) where's the PROVEN TCF numbers? All I see is CONTINGENT and POTENTIAL numbers.

B) All the infrastructure is in place he reckons. Then why in the presentation are they referring to a project cost of up to $40M under phase 2 to upgrade surface facilities?

I'm all ears.

[babbler] 15/11/2018 15:00

Man I'm bored.

[babbler] 15/11/2018 15:00

They will give me 0.5339 when bid is 0.52

[babbler] 15/11/2018 14:59

0.536 0.534. Very tight

[babbler] 15/11/2018 14:57

12m...but you knew that :). Just for those that don't.

[babbler] 15/11/2018 14:56

Could have got their money from BZM? Oh wait... Who ramped that?!?

[theaviator] 15/11/2018 14:55

lol Just reitterating cos many still dont quite fully.........

[babbler] 15/11/2018 14:54

3,493,500 quid. Where did they find that from??? When they wanted a delay yesterday??

[glenbo1] 15/11/2018 14:51

What's the mcap here again???

[babbler] 15/11/2018 14:49

That was my point ;)

[theaviator] 15/11/2018 14:46

Actually Babbler those are good parallels Sou and Sxx

[babbler] 15/11/2018 14:45

And we be like... If only you'd...

[theaviator] 15/11/2018 14:45

I think when people start to realise whats going on here there will be a few 'if only id.....'

[babbler] 15/11/2018 14:43

Lmao... No actually I'm nicely in profit thanks. Premium paid for 700k shares BTW.

[loser7] 15/11/2018 14:40

I doubt very it has been paid, don't forget we talking india
- want everything free

[letmepass] 15/11/2018 14:40

Babblers losing it

[babbler] 15/11/2018 14:40

Nice of you to pick us to share your knowledge with. We appreciate it. Honest. As do those who listened to you yesterday and sold at 0.43 or Lower

[babbler] 15/11/2018 14:39

Yup. Who doesn't know that? How much is sxx to develop? Sou? Hmmm....

[bulgarian] 15/11/2018 14:35

Where's the proven reserves in the company presentation from September?

Some pretty big project cost numbers and 50 or 60 wells. Wow.

[letmepass] 15/11/2018 14:34

If they have paid then they can still cause issues. If they are out we get 100‰ with a new partner

[babbler] 15/11/2018 14:33

After close imo

[loser7] 15/11/2018 14:33

babbler- hopefully another in morning will clear things

[babbler] 15/11/2018 14:31

Proper court resumes Monday. All will become clear. Meanwhile delayed 3m but when it rose back up