Oilex Ld Share Discussion Threads

[josephrobert] 03/8/2021 08:17

Sure he needs to, but there doesn't seem anything on the horizon until around October. Based on what we know I can't see what he can do before then; GOI does things in its own way and time. The share price just has to be rangebound and drift.Best thing I can suggest to people who are suffering is to switch off until then or it can become stressful. There's little point logging every day to see how the share price is doing and responding to the bickering and drivel. Build up your cash reserves to bridge the gap between now and a few months time. Focus on the rest of your life until then. I thought I should chip in as I know how it feels to see a large holding fall away in value and wonder why. It has been very difficult for LTHs but it certainly looks promising next year.The other thing with these quarterly reports is the financials are at the specified date, but the narrative will be up to the released date.

[ashleyjv] 03/8/2021 08:17

You asked me Tony

[zxie] 03/8/2021 08:11

Silly Pump

[ashleyjv] 03/8/2021 08:10

I am definitely buying this week. I'll let you know when

[zxie] 03/8/2021 08:06

I can't see you buy more this week. Are you lies me?

[zxie] 03/8/2021 08:05

Ashley Other fall down day. not good here cancel aim soon

[zxie] 02/8/2021 16:49

Sell out? Ashley

[1bluehorseshoe] 02/8/2021 11:41

Good to see you posting JR. Whichever way RW is going to go he needs to increase newsflow dramatically

[josephrobert] 02/8/2021 11:29

ashleyjv - 10 Jul '21 - 16:31 - 32 of 61 - thanks for the link

OK the interview on the day after RW's appointment was pretty comprehensive - from this interview it looks like we have to push back the expectations of getting the GOI approval for 100% of Cambay. Back on the 10th of June I added a post that stated 'My best guessestimate is approval won't be given until at least September, then that indicates vertical drilling in Spring'. RW now says 3 months or so @4mins 19secs, so that brings us to October for GOI approval and pushes back the guidance for vertical drilling to early 2022.

EIS and UKCS is something that clearly has RW focus, surmising it feels like RW wants to farm out at the 'best' opportunity so he can fund his UK centric plan, from the last 1/4 report EIS drill is being pushed back, some potential for a purchase of UK production, no meaningful progress on Indonesian resource.

Hard not to be disapointed with the share price from a spike at 50p. Can't see any drivers to the share price until the GOI unlocks a lot of newsflow - when this happens then they will have the ability to dilute at higher levels to help fund plans for Cambay and UK. RW has made it very clear that the plan in his first OEX interview is to reward shareholders and raise equity - that means the plan is to dilute at higher and higher levels which is the normal plan for any early stage Oil and gas company - use the money from shareholders to add value by developing the resource, namely by drilling, when sucessful then the share price goes up, then repeat.

[josephrobert] 02/8/2021 10:59

Good to see a fresh thread on OEX

[zxie] 02/8/2021 09:23

You fvck idiot in advfn

[1bluehorseshoe] 02/8/2021 09:18

From LSE It's pretty obvious from this article that the new minister and the ministry are going to assist oilex in there JV .Let's hope he means it when he says thing have changed at the Ministry of Oil and gas https://energy.economictimes.indiatimes.com/news/oil-and-gas/india-seeks-foreign-private-investments-in-oil-and-gas-production/84912691

[ashleyjv] 02/8/2021 08:45

12toes, he is a one man boiler room (In a Broom Cupboard probably)

[zxie] 02/8/2021 08:40

Very sure toes

[zxie] 02/8/2021 08:38

When we expose your lies, you will feel particularly scared?

[zxie] 02/8/2021 08:20

Still risk ? More fall down this week. the Palermo bankruptcy court published Irminio S.R.L.'s request for admission to an agreement with creditors.

[zxie] 02/8/2021 07:23

Terrible Ashley get out