Oilex Ld Share Discussion Threads

[ashleyjv] 17/12/2021 14:52

I paid 17 earlier so you got a better price than me

[cool hand kev] 17/12/2021 14:21

My buy is listed as a sell @0.1633
Strange, the buyers are paying more now than earlier ?

[ashleyjv] 17/12/2021 11:24

My trade is now showing

[whoppy] 17/12/2021 10:37

Thanks -

In 2014, Oilex completed Cambay-77H, achieving significant progress in delivering the proof of concept objectives:

Efficient drilling operations demonstrating the repeatability of targeting the EP-IV Zone
EP-IV Zone reservoir properties are laterally consistent, having variability within expectations
Completion of 4 fracture treatments, albeit 3 fracture zones were non-productive
Successfully demonstrated “Plug and Perf” completion technique in India
First horizontal well in the Cambay Basin with multiple fracture treatments to achieve flowback
Flowback data used to calibrate horizontal well model for the first time

The key field results from Cambay-77H flowback and production testing are encouraging. The sustained initial 24 hour rate during flowback was 2.03MMscfe/d, comprising 55% light oil/condensate with concurrent operations water production of 1,867bbls/d. Flowing wellhead pressure was 1,261 psig. Rates are presented in energy equivalents converted at 5,800 scf of gas per bbl of oil because the well was originally designed as a gas and condensate producer.

[ashleyjv] 17/12/2021 10:26

They reckon that by pressurising the well, they will achieve 3x - 5x the current flow rate

[whoppy] 17/12/2021 10:23

How much gas flow per day will these fracked wells produce? does fracking work at Cambay?

[ashleyjv] 17/12/2021 10:22

I've had confirmation from the bank to say I've bought them but you're right, not showing yet

[cool hand kev] 17/12/2021 10:18

Not showing yet but my order a couple of days ago took a few hours to show up

[ashleyjv] 17/12/2021 09:44

Cheers Geoff

[geoffmanana] 17/12/2021 09:43

A man that puts his money where his mouth is....good luck.

[ashleyjv] 17/12/2021 09:17

To prove my conviction, I've just ordered 8 million more shares

[ashleyjv] 17/12/2021 08:49

Yes, I personally think that the sale has been approved by the government and we are just waiting for the official paperwork.

[ashleyjv] 16/12/2021 16:39

One of my famous (Usually wrong) predictions is that there will be news tomorrow or Monday

[thomstar] 16/12/2021 10:10

I see ol limp p*nis is at it again.

[cool hand kev] 15/12/2021 16:05

SP dropping but they haven’t had ratification yet

[amrishbhim] 15/12/2021 14:57

I agree, but this person won't accept any reason, he has his own agenda, but agreed with your comments

[geoffmanana] 15/12/2021 14:48

No I agree. I just get tired of all this 1p tomorrow. OEX is a very small company with a MC of around £10m, but I do think a MC of £40m is possible given time and luck of course.

[amrishbhim] 15/12/2021 14:41

But at least we don't have a p & d issue now. Today RNS was a way forward

[geoffmanana] 15/12/2021 14:31

Isn't funny when the share price goes down it goes quiet on here.

[amrishbhim] 15/12/2021 13:10

Why are you explaining this to a person who deramps every shares that has got good news and on the leaders board, please go through the last two weeks and more and he's done the same, whatever you say he doesn't care, this is his full time job, I would filter him

[ashleyjv] 15/12/2021 12:26

jaforsadi.

This share isn't going to go lower so get out of your shorts asap (IMO)

[thomstar] 15/12/2021 12:01

Hopefully if it can get it up it can keep it up thisntome