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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Oilex Ld | OEX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.165 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.165 | 0.165 |
| Top Posts |
|---|
Posted at 30/7/2022 08:37 by ashleyjv OEX is now SYN |
Posted at 25/7/2022 14:39 by steveberyl Unlike many, many Aim companies, OEX keeps the holders informed, regularly.That for me is very refreshing and assures me that the CEO & BOD are not here just for the wages but to deliver Shareholder value. This could be anything eventually. |
Posted at 25/7/2022 08:56 by terminator101 RNSOEX are pleased to announce that the CEO had red sauce with his bacon butty this morning. EndsStay tuned for even more exciting news from Oex. |
Posted at 21/7/2022 07:14 by bigpecs OEX RNS ref Frack all systems go, we need regular updates along the way GLA time to get the big buyers in and get this share price moving |
Posted at 15/7/2022 12:07 by josephrobert Courtesy of Jasper13 on the other board is the answer to my earlier question of where this 75% chance of success (presumably over 2mmscfd) has come from.Also worth highlighting is that if this refrac fails OEX start plan B - which presumably means numerous vertical wells tied into the low pressure gas network - personally I thought they would have another go on Plan A - so with that in mind my take on that is that OEX feel they have the only possible solution to how a horizontal drill can work and they will test it with this refrac. There was somebody else on the other board saying that Schlumberger don't involve themselves with failures, well the same company thought lessons had been learned on 76H when they failed on 77H - whether that was a failure as they did the best they could - or a failure as they involved themselves with a project that tried without a core sample. Another thought Schlumberger wouldn't have involved themselves with another failure in Cambay unless they were certain - well it sounds like people are looking for evidence to support their outcome. Personally I agree with Jasper that OEX is undervalued based on what I said before, but I am not basing it on a comparison with the other similar projects. Valuations based on DCF - well there is something wrong with the pipeline and we are probably due an update on that combined with the an RNS on the refrac. Plus I haven't seen an indication how long these wells will produce. Anyway maybe it can be argued that this is a moot point as the refrac will stop 77 producing and who knows about 73. Certainly these couple of points haven't helped the share price |
Posted at 15/7/2022 08:45 by neo26 Oex time is coming |
Posted at 04/7/2022 10:55 by josephrobert The other board also reminded us of the market cap of OEX today vs what is was in 2014Shortly before the horizontal Frac in July 2014 the market cap is around 6p x 600m shares Now the market cap is around 0.17p x 8000m shares £36m vs £14m Even stranger is that these 'valuations' were based on 45% of Cambay in 2014 vs 100% today Dividing the previous market cap by by the percentage share of Cambay, i.e. £36m/0.45 comes to £80m. That means if everything else being equal today's market cap should be at £80m. So what's different now? We are not facing a horizontal dril and frac but a refrac, the AIM share index has taken a beating, the interests of the company outside of Cambay are broadly neglible both now and then, the gas price has gone up, the chance of getting a successful frac has gone up, Indian political conditions don't appear to changed for the worse, funding for small oilers has I imagine gone down...the valuations of small oilers seem to have gone down big time. So did the market overvalue OEX in 2014 and is it seriously undervaluing OEX in 2022? So as a balance for the frothy conditions of 2014, we can see that the trade buyer Magna* valued Cambay at $4m for 10%, ie £30m for the project in 2013. Takeaway $18m for OEXs share from its market cap of £36m means to me it was overvalued as I can't explain the difference other than market conditions at the time plus the value for a listing. So it looks to me OEX was too expensive then, but it sure does look undervalued now. *Incidently 10% of Magna was comverted / seen as worth 12.46% of OEX on the 2nd May 2014, so Magna took a massive hit on that, 73.5m shares valued at 5p or whatever at the time, Magna never recovered from the failure of the horizontal well and subsequent dilution. |
Posted at 15/6/2022 08:57 by dillydally2 Same willOccur on angsThe usualPumpers are claiming it will boom on gas But we allKnow there will be a sell offOEX turned on their gas in India and the share price fell and have never recovered |
Posted at 01/6/2022 09:39 by genierub From LSE boards:Espen Thomassen accumulates 3.2% of #OEX. He is a commercial director at Maersk that has a MCAP of over 15B (yes, billion) I guess we have some serious oil and gas news comng. |
Posted at 07/4/2022 17:00 by firestorm911 I am rooting for you guys and OEX. I have made £££££ on oex, love this shs. Best shs on planet earth. This is the nature of shs gambling, take fast money and run. |
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