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 Shares Traded Last Trade
  0.00 0.0% 0.21 1,658,698 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.20 0.22 0.21 0.21 0.21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.09 -2.37 -0.13 6
Last Trade Time Trade Type Trade Size Trade Price Currency
08:26:19 O 200,000 0.2017 GBX

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Date Time Title Posts
11/10/201916:54OILEX - Significant upside at Cambay and Canning basin22,264
27/9/201914:42Above 8.5p targets 12p again for Oilex (OEX)72
14/12/201812:02OILEX HUGE POTENTIAL & ISA-ABLE.4,825
04/12/201515:03Oilex 2014 and onwards188
13/11/201510:03bobsky24

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Oilex Ld (OEX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:26:200.20200,000403.40O
07:19:210.2148,12298.94O
07:18:450.2055,510111.91O
07:18:430.21966,1001,995.00O
07:18:140.2155,510114.63O
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Oilex Ld (OEX) Top Chat Posts

DateSubject
14/10/2019
09:20
Oilex Ld Daily Update: Oilex Ld is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker OEX. The last closing price for Oilex Ld was 0.21p.
Oilex Ld has a 4 week average price of 0.17p and a 12 week average price of 0.12p.
The 1 year high share price is 0.70p while the 1 year low share price is currently 0.12p.
There are currently 2,878,064,483 shares in issue and the average daily traded volume is 83,173,139 shares. The market capitalisation of Oilex Ld is £6,043,935.41.
09/10/2019
13:17
silversoldier: Well pre decline of OEX they had a market cap of roughly £60m (based on 677m shares in issue), even if you halved that on cash we are due from cambay and the value of other assets we have highlighted I would like to see a market cap anywhere between £20m- £30m for starters anyway. Based on today's total shares in issue (3,193,853,957) that would mean a share price of 0.65 to 0.95
09/10/2019
09:57
computercoders: Don't miss BZT about to multibag imho. Big deal announced this week worth just under 6mill againat cap of just under 2million. 3 bagger isn't it? Plus they have other assets to make this a 1 or 2p share. Even doubling from current share price makes it a bagger. Market hasn't realised yet.
17/9/2019
11:16
josephrobert: For what it's worth I noted that 55% of Cambay was worth US$22m based on Magna figures - josephrobert - 05 Jul 2018 - 22:56:18 - 15894 of 21820 I would have based it on an RNS such as hTTps://www.rigzone.com/news/oil_gas/a/128372/oilex_to_sell_partial_stake_in_cambay_psc_to_magna_energy/ Align tweeted on the 9th September https://twitter.com/alignresearch?lang=en - 'RNS noted re Oilex #OEX & sale of Cambay. We estimate this could go for upto $30m. Equivalent to 0.38p per share.' They didn't spell it out how they got to 0.38p/s. I would suggest that they did as follows - 100% of the Cambay asset is worth up to £25m - so £25m/2,878,064,483 (number of shares based on the 14th August) = £0.008686 = 0.8686p. 0.8686p x 45% = 0.39p - the difference between 0.38p and 0.39p would be explained by the exchange rate used. Clearly the Manga figures are different to the Align figures ($40 vs $30m) - so a question would be why - and really that can only be explained by examining the various assumptions/conditions the two parties had at the time which we don't have access to. Back in 2013 there would be a lot of differences to now not at least locally capped gas prices, cost changes, licence length, and various political changes. Cambay always was a large company play - nothing has changed in that regard - except that a major company appears to be able to come in and take full control of an asset where the authorities are apparently more amenable to have developed. 100% is worth more than the sum of the parts so I hope that was built into Aligns's calculations. If there was some eagerness to the competition between the buyers that would be helpful. Never forget this has prospects for a large asset - clearly though it needs big pockets to take the risk and develop it if it is worth taking. Hope that helps people understand that Oilex's share price is too heavily discounted.
14/9/2019
11:44
noirua: Might give a clue as to what price the Oilex asset is valued at. If OEX accept a price for their 45% at half expectations, whatever the expectations are, it would be good news compared to the percentage share price fall. Hopefully they will not try to go it alone and buy GSPC's 55% interest with such a low market cap - in theory Oilex should grab the money for their interest as their past record is very well chequered. ONGC bought GSPC gas field stake for half the asking price of Rs 20k cr, replacement cost: Ex ONGC chairman Oct 21, 2018, 03.22 PM IST Https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-bought-gspc-gas-field-stake-for-half-the-asking-price-of-rs-20k-cr-replacement-cost-ex-ongc-chairman/articleshow/66302922.cms?from=mdr
12/9/2019
09:26
silversoldier: Agreed but I think if that were the case then the share price would have already priced in a minimum amount of cash being received.
10/9/2019
17:21
deadly heisenberg: Careful of the share promoter. Has promoted UVEL dozens of times, then in the spike inform everyone he sold. Below he said 8-12p, but he was selling at 3p. Noirua7 Apr '19 - 23:46 - 1189 of 1328 0 0 0 The Indian Rupee has steadied against £sterling after depreciating for a number of years. This will help the NAV. Https://www.xe.com/currencycharts/?from=GBP&to=INR&view=2Y The share price collapse was mainly due to some thinking IIP would not be able to raise funds. There were some wild guesses as to value in the past but now funding has arrived IIP will continue to own 100% of DLI. A realistic price is somewhere in the 8p - 12p range and low compared to the historic price.
14/8/2019
09:01
apfindley: Not a bad deal and fairly cheap.Not costly, but certainly does not match up to the hype that was pumped on here yesterday with ridiculous target prices.Today's share price is a fair price.
10/6/2019
06:58
lukmanpatel: Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol
19/3/2019
19:30
josephrobert: Yes cool hand kev - 19 Mar '19 - 13:13 - 20569 of 20569 - a sell of that size doesn't bode well, however some solace can be gained as it was at the bid at the time which suggests the MM had a willing buyer. I've been meaning to highlight that expectations of a settlement this month should be reduced - not only the history with OEX and GSPC,time is ticking away with the end of March in sight, but the message from Oilex appears clear. On the 31st January both Oilex and the marketing company Align Research stated the possibility of settlement with GSPC in the March quarter and February respectively. On the 27th February Oilex remove the March quarter guidance. However researchanalyst1's subsequent well crafted and persuasive arguments ignore this. Considering the number of posts he has deleted in the past coupled with his statement that he has had a job in equity research before, what possible reason do you think he has to ignore such a critical point? GLAH >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> researchanalyst1 - 25 Jan 2019 - 22:47:03 - 145 of 161 Nuformix plc - NFX Considering a largely successful, rule book-driven career in equity research, what Iâ€͐2;m about to do is a first. Iâ€͐2;m going to make a bold prediction: London-listed Nuformix (NFX) will be the best performing biotech in 2019! Here’s why… 31/01/2019 7:00am Oilex Ltd December 2018 Quarterly Report On 29 November 2018, the Company announced that it was in discussions with GSPC and the Government of India to seek a commercial resolution to avoid arbitration, if possible, and to allow a drilling programme to proceed. These negotiations remain ongoing as at the date of this report with Company anticipating a potential outcome during the March 2019 quarter. January 31, 2019 | Posted by admin (Align Research) OILEX UPDATE – STAGE IS SET FOR AN IMMINENT RESOLUTION WITH GSPC & A RETURN TO DRILLING IN 2019 Following discussions with CEO Joe Solomon, we are expecting a resolution to this long running saga in February 2019. 27/02/2019 10:25am Oilex Ltd Interim Report 31 December 2018 On 29 November 2018, the Company announced that it was in discussions with GSPC and the Government of India to seek a commercial resolution to avoid arbitration, if possible, and to allow a drilling programme to proceed. These negotiations remain ongoing as at the date of this report with the Company. researchanalyst1 - 06 Mar 2019 - 09:34:04 - 20514 of 20570 OILEX - Significant upside at Cambay and Canning basin - OEX Private investors would be wise to take note: On the 31st of January 2019, the Oilex BOD advised the market that it was in discussions with GSPC and the Government of India to seek a commercial resolution to avoid arbitration and, thereafter, to allow a drilling programme to proceed. The BOD then went on to advise that itâ€T82;s anticipating a potential outcome during the March 2019 quarter and that the companyâ€;™s balance sheet had been strengthened to support several potential outcomes. VERDICT The 31st of January 2019 was only 4½ weeks ago. And having thoroughly researched and analysed the Oilex BODâ€482;s communication style over the last 36 months, it is abundantly clear that the above communication was substantively guided by an informed optimism of an imminent favourable outcome. Considering that the “March 2019 quarterâ€;� runs from January 1, 2019 to March 31, 2019, news should be released within the next 15 trading days, hence my use of the term imminent. More importantly though, the BODâ€482;s provision of this incredibly specific timeline reveals the managementâ364;™s growing confidence in a successful outcome, which, in turn, implies the bulk of the work (critical negotiation) is already done and itâ€T82;s just a matter of clarifying formalities with the state. Also, the recent bolstering of the companyâ€;™s finances, at a spectacular premium no less, points towards a known solution (that potentially requires OEX to provide more funding and GSPC to cede more acreage to OEX…). In the meantime, take cue from the BODâ€482;s recent issuance of a significant tranche of shares at 0.36p –; a 50% premium to today’s share price –; and RIMâ€482;s growing holding; currently standing at 258,652,033 (10.79%). ONE WORD: IMMINENT researchanalyst1 researchanalyst1 - 07 Mar 2019 - 17:31:51 - 20531 of 20570 31/01/2019 7:00am - Noirua, this will be the trend going forward; PIs have gone long and there's a dearth of sellers as news is due imminently. To this end, historical price patterns (support, trading ranges, etc.) are irrelevant. New price movements, and possibly breakouts, will begin to unravel in anticipation. Thus, it's absolute folly to try and trade this or to be out of this. Once again, and as a reminder (indicated in my previous post), the Oilex BOD advised the market only 4½ weeks ago that it is anticipating a potential outcome DURING THE MARCH 2019 QUARTER, and that the companyâ€;™s balance sheet had been strengthened to support several potential outcomes. Noirua, you can take this to the bank: the BOD's comments were guided by an informed optimism of an imminent outcome. Remember, the current share price of 0.27p (£7.1m MC) is not only irrational and transient in nature, but represents a gross undervaluation of the business.
13/11/2018
13:18
tann93: ??? Obsessive to say the least - OEX share price is going places DYOR instead of trolling.
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