Oilex Ld Share Discussion Threads

[billthebank] 13/4/2022 08:16

And the shake continues.I thought we were due more news early this week?

[geoffmanana] 12/4/2022 09:36

Nothing has changed. This is just a shake out of weak holders imo.

[letmepass] 11/4/2022 23:34

they have no monies as yet to manoeuvre. wait for the next fundraising then add

[firestorm911] 11/4/2022 18:35

Sell

Sell

Sell

then sell the whole lot.

Rinse and Repeat is the modus operandi. You all know it. Many of us, have been here know the pattern here.


That idiot Parker is Jaffarosadi. Ban IT.

[bullrun1] 11/4/2022 18:08

Jumped out well before then, nice try though

[ashleyjv] 11/4/2022 16:08

Daveparker you do realise that a funding was already done to fund the fracking, you just need to read the RNSs or are you just trying to fool people?

[daveparker18] 11/4/2022 16:05

For this level of volume and not even blue says it all.Think Roland will do a placing to use for funding the re frac.A lot of twitter posters are very quiet as some of them get inside info and will sell and take part in the placing.Then those twitter rampers will start the re pump about fully funded etc etc

[geoffmanana] 11/4/2022 15:15

Good to see posting again josephrobert....always a good read.

[woddle] 11/4/2022 13:30

Na leave them in. There doing a great job. Got a few more 5m s to buy yet ;)

[ashleyjv] 11/4/2022 12:59

Lots of blatant de-rampers / shorters which are probably the same person.

Let me know if you want them blocked

[letmepass] 11/4/2022 12:33

fundraise sub 20

[helenm13] 11/4/2022 12:18

Deramper brigade are here today. Sold out and now wanting cheap shares. Unlucky you won't get mine

[lse2020] 11/4/2022 11:52

It feels like a placing RNS next

[arlington chetwynd talbott] 11/4/2022 11:48

Maybe I am too cautious but I would definitely be a seller at 25p!

[josephrobert] 11/4/2022 11:24

For what it is worth firestorm911 - 11 Apr '22 - 10:24 - 688 of 690 - I am pencilling in support at the share price at or around 25p; with the Frac becoming closer and production started many people would be surprised for the share price to fall back to those levels. Well done for making money and building a decent position; now's the time to get ready for the possibility of a big move up.

[firestorm911] 11/4/2022 11:11

Don't be silly. Please tell everyone about your ICON buy from 0.5p to 0.0001p, CLOWN.🤡


bullrun111 Apr '22 - 10:38 - 689 of 691

Is that your emoji profile on your post…lol 1.8 clown.

[daveparker18] 11/4/2022 10:56

This feelsLike a forwardSoldPlacing

[josephrobert] 11/4/2022 10:39

For C73, I found this:



50 boepd = 263 MMBtu x $6 = $1,578 per day or $576k

hxxps://energy-sea.gov.il/English-Site/Pages/Data%20and%20Maps/calc.aspx


For C77H, I found this:





So that appears to be about the same as C73 for gas, i.e. $1.15m

True upside is based upon actual gas prices obtained



So back in Dec 2014 they had based the gas price on obtainable prices, which were apparently $8/MMBtu. If they were the same (I would guess they are a lot more) then $1.15m x $8/$6 = $1.15 x 1.33 = $1.5295

Then we have condensate production on top.

252 barrels for every ten days = 252x365/10 = 252 x 36.5 = 9198. 9198 x $90? = $827,820

So that works out as $2.35m pa


There are too many variables to know if this will prove to be an accurate figure, but I think that gives us some basis to work on that production will cover operational costs.

[bullrun1] 11/4/2022 10:38

Is that your emoji profile on your post...lol 1.8 clown.

[firestorm911] 11/4/2022 10:24

It looks like another rinse and repeat as predicted.

I will buy back my 6m 0.18p; I have done that five times. 🤡👌😅

[neversatisfied] 11/4/2022 10:21

Bit bizarre down nearly 10% after the news. Hopefully just a bit of game playing and stop loss fishing by the mm. Here's to some good flow figures which I would have thought today or tomorrow for release. Then the rockets will be ignited. GLA!

[josephrobert] 11/4/2022 09:30

sellsell - 9 Apr '22 - 12:20 - 684 of 684

Sure we haven't the money or access to finance to develop the field so a farm in seems the solution. However we need the stimulation to be a success before we can look for that. I guess we may have to wait for that and the horizontals to be a success to before we look at it too closely.

At the moment a gauge of how much cash we can get from 73 and 77 would be useful to see if we can pay for some or all of the expenses at least before the stimulation of 77H and in doing so we can better understanding the chances of dilution.

[cahus] 11/4/2022 09:29

Nice to see someone accumulating in 5m chunks.