Share Name Share Symbol Market Type Share ISIN Share Description
Oilex Ld 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
  0.025 14.71% 0.195 0.18 0.21 0.205 0.17 0.17 47,129,348 14:10:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.4 -0.1 - 6

Oilex Ld Share Discussion Threads

Showing 36201 to 36221 of 36225 messages
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DateSubjectAuthorDiscuss
14/12/2019
21:34
Josephrobert, firstly, thanks for the link above. Some serious potential at play. Secondly, and to answer your question, I’ve derived my base valuation of Oilex’s 45% stake by simply applying a substantial discount (as it is unproven...) on the in situ value of the company’s contingent resources of 377 billion cubic feet of natural gas and 17.3 million barrels of crude oil. The spot prices employed were $2.30 and $58.50 respectively. I've employed the valuation method above as I strongly believe Joe, and the rest of Oilex's BOD, will prefer 'asset divestment' over 'asset development', where proceeds from the former (sale of Cambay stake) will allow them to return a significant amount of capital back to shareholders (through a possible dividend in specie) and to develop the staggering Cooper-Eromanga assets without recourse to any further capital raises. This is why the upcoming newsflow is potentially transformational for Oilex. Investors will finally be able to place a value (via a read-through of GSPC's 55% stake valuation) on Cambay whilst at the same time determining the appetite for the company's 45% stake. For those new to oil and gas investing, ‘contingent resources’ are potentially recoverable volumes associated with a development plan that targets discovered (by drilling) volumes but is not yet commercial. Block4gooner, the current price pattern suggests we are likely to smash through your average early next week so hold tight. More importantly though, and going by the company’s last corporate update, additional bidders, that had joined the party late, requested GSPC to extend it by 2.5 weeks. This suggests there’s strong interest for GSPC’s circa 500 billion cubic feet of natural gas (contingent) amongst the Gujarat-based oil players. Surprise surprise… So, if there’s such strong interest for GSPC’s 55% stake, why would I, as an Oilex investor, give away my shares for anything below £39m (1.2p per share)? Answer – I wouldn’t. I’d rather sit put and wait for the winning bid announcement (and valuation) and the subsequent read-through into Oilex’s 45% stake. I anticipate a pleasant outcome. In the meantime, sit back and observe the re-rate as punters begin to pile-in ahead of 22:00 Sunday, and as the bidders race to submit their final offers for this considerable asset. All in my humble opinion. ATB.
serialinvestor1
14/12/2019
13:44
Worth listening to this again - 22.08 in - includes the 5 point plan which explains what this company can become hTTps://www.stitcher.com/podcast/justin-waite/happy-hour-from-happymapcom/e/63829639
josephrobert
14/12/2019
13:11
What are your calculations for the valuation of Oilex’s 45% stake Serialinvestor1?
josephrobert
14/12/2019
07:54
I bought a small amount a couple of months ago but my ave is .246 so still a way to go for me sadly
block4gooner
14/12/2019
03:12
Block4Gooner, having been here for ages, I'm somewhat envious at those entering now - who appear to have timed it pretty well. It's an excellent entry point. That said, and to truly reap the rewards from a substantive re-rating of the company shares, private investors would be wise to hold positions until the successful participant (the winning bid) is announced. This is currently projected at around two to three weeks after the bid closure announcement. And Friday's modest volume of 47.5m shares, alongside a 15% jump in the share price, suggests there's a small free float; shrewdly manufactured by a significant number of savvy private investors going LONG. This bodes well for next week. ATB.
serialinvestor1
13/12/2019
22:05
So your advice is "GO LONG"Ball park of how long would be appreciated
block4gooner
13/12/2019
15:57
Could easily spike up to 0.4-0.5 in the days after imo probably more given time
smackeraim
13/12/2019
15:28
What do people think the price could be if there is good news about bids next week, could this get back up to .50p again or is .30p more realistic? People think it could go down to .12p but that doesn’t really seem possible or likely???
ukdannyboy
13/12/2019
08:29
Perhaps I should ask jayj4u what's happening - share price over Sold or Dead Cat Bounce?
cool hand kev
13/12/2019
08:26
Well that's one big bounce
silversoldier
12/12/2019
12:09
Yes, this is going ONLY one way.... bad sign is when the director start to issue lots of shares....India at the moment going down.... next level to watch is 0.12p
jayj4u
11/12/2019
15:58
Looks like it's dropping to 0.1 if they don't do something soon.
leewink1
10/12/2019
15:26
If something's happening we should see some movement next week.
stockport loser
10/12/2019
13:47
I'm long from 0.2 and still waiting :-) And I never put a stitch up out of the question - this is AIM
cool hand kev
10/12/2019
13:16
It's worth a punt at this price, they have bidders so whilst there may be more delay it's highly likely to be going ahead - including the money owed. Unless they are looking to shaft OEX like the way KOOV has gone.
stockport loser
10/12/2019
12:42
Yes a poor investor? I thought that you had put the cat out and all gone home
cool hand kev
10/12/2019
12:22
1 code, we all know what's coming....
stockport loser
06/12/2019
17:22
Well it is the bod because they could of kept the pressure on with arbitration... let's see they had 90 days to sell it and that date is fast approaching..
jayrh
02/12/2019
18:30
It most likely isn't BoD, it's how India works I think!
zen12
02/12/2019
14:58
Surely they should just pass it to oex for monies owed?
rawv8
02/12/2019
10:13
Absolute bs
doerx2
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