Oilex Ld Share Discussion Threads

[bigpecs] 20/7/2022 12:14

Ah very true you have a point shorts closing before we rocket lol

[1sajad] 20/7/2022 11:25

Is it people selling or is it short sellers ?

[bigpecs] 20/7/2022 11:16

Lovely but can't believe people would sell at a time like this when we could multi bag and more soon with good results.. 75% chance of success remember.. GLA and hold them shares don't sell out cheap and regret it

[1sajad] 20/7/2022 10:42

All equipment for refrac is now on site. Perforations start today in preparation for the refrac.

[neo26] 19/7/2022 09:46

Where is rns?

[1sajad] 19/7/2022 08:46

CTU has now arrived on site all equipment has now arrived for refrac to commence

[bigpecs] 18/7/2022 13:04

Brilliant thank you

[geoffmanana] 18/7/2022 12:56

Excellent news....All seems to be going to plan.

Thank you for your update josephrobert, much appreciated as always.

[1sajad] 18/7/2022 08:56

Refrac is still on track equipment is currently being rigged up. News to follow

[bigpecs] 15/7/2022 14:33

Thank you for this info

[neo26] 15/7/2022 12:58

Well rns first thing monday morning would be nice.The perforations this time will be smaller 5m per zone rather than 15m per zone the last time.2 zones will be fracked last time 4 zones were fracked. Also sands was used as proppant now they will use ceramic proppants.

[josephrobert] 15/7/2022 12:07

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

[bigpecs] 15/7/2022 09:46

Good times ahead GLA

[neversatisfied] 15/7/2022 09:32

Hopefully we get a midday refrac started rns.

[neo26] 15/7/2022 08:45

Oex time is coming

[1sajad] 11/7/2022 07:27

15/7 sorry typo

[1sajad] 08/7/2022 18:59

There's no bad news due Roland has confirmed everything is going to plan. Roland confirmed that Refrac starts on 15/11/2022. Silly games being played by MM trying scare people to sell. However we all know what is to come and where this share price is going past 0.50 easy double your money from here

[bigpecs] 07/7/2022 16:07

Well said Ash

[ashleyjv] 07/7/2022 15:50

Hi Geoff, I think any purchase under 0.25p will make money, hopefully the pressure tests will make it fly past that, as Bigpecs says "at turbo speed"

[bigpecs] 07/7/2022 14:50

Me too topped up again today and happy to keep buying more GLA nearly fracking time to get that gas flying out at turbo speed

[geoffmanana] 07/7/2022 14:42

Well Ashley and good luck.
I added another 4m a while ago, but at 0.1846p....whoops.

[lse2020] 07/7/2022 13:48

Buy price constantly dropping. Someone is offloading big style.