Oilex Ld Share Discussion Threads

[jaforsadi] 15/12/2021 11:13

Pumped n dumped yet again1.4 billionToDump

[amrishbhim] 15/12/2021 10:31

It not going to be done free, at least something happening, the amount of gas will pay a y borrowing

[daftweejock] 15/12/2021 10:14

Agree, unfortunately it was necessary but looks like it'll get us to a good position going forward imo.

[ashleyjv] 15/12/2021 10:03

Zen12. No it won't. They need the money to pay to get the gas moving. The court case and the funding was done on the same day

[southway2] 15/12/2021 10:03

Fund news Monday all part of a jigsaw and all news points to next rns being ratification

[amrishbhim] 15/12/2021 09:55

At least this is not p&d rns but a genuine news that could bag 100 x plus, with gas needed in India, this is the best news

[zen12] 15/12/2021 09:55

Will they cancel placing now??

[southway2] 15/12/2021 09:51

Yes it's due a huge re rate

[daftweejock] 15/12/2021 09:40

Or got the funding. Could be on the cusp of a massive rerate here. GLA.

[ashleyjv] 15/12/2021 09:37

I don't think we would have won the court case if the ratification wasn't coming

[daftweejock] 15/12/2021 09:35

Don't forget the same people suggesting this news was coming also suggesting ratification news this week. share price would go mental if so, I hope they're right.

[ashleyjv] 15/12/2021 09:18

They are going to get everything ready to start pumping in January(IMO)

"equipment will be requested over the next 10 days in anticipation of the re-frac operation during Q1 2022"

[joeblogg2] 15/12/2021 09:05

Good news just need to take out the sellers of the 0.14 placement. Finally the company is funded and will be producing sooner the better!!!

[ashleyjv] 15/12/2021 09:03

The Board of Oilex Limited (Oilex the Company) is pleased to announce that following a final court order issued on 13.12.21 and received by the Company on 14.12.21, the previously imposed production cessation on the Cambay field has been removed and the Company plans to resume gas production in the near future. The two currently active wells, C-73 and C-77H will be placed back on cyclic production and the gas will be processed and exported through the existing production facilities and pipelines.

Oilex's Chief Executive Officer, Roland Wessel said:

"This is an important milestone for the Company. Production has been suspended for the last 3 years and the re-establishment of gas production and associated revenues is the next step in monetising the significant gas resources in the Cambay field."

[helenm13] 15/12/2021 09:01

We have lift off

[jaforsadi] 15/12/2021 08:57

Near future Not anytime soonPlus big placing stock to dumpAvoid

[scalpface] 15/12/2021 08:56

Cambay authorised for restart!https://www.londonstockexchange.com/news-article/OEX/cambay-production-re-start-update/15251923

[mgellie] 15/12/2021 08:54

What was that Jaf? Talk about making yourself look stooped in easy sentence

[jaforsadi] 14/12/2021 08:55

See how the volume sudden has died

[thomstar] 13/12/2021 16:42

Wtf red finish after that. What a complete limp di*k of a stock!

[geoffmanana] 13/12/2021 16:32

Great RNS???????????.....What planet are you on?

[geoffmanana] 13/12/2021 16:30

We have all done that Joe.