Oilex Ld Share Price (OEX)

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

Related Shares
Bp (BP.), Royal Dutch Shell (RDSA), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Oilex Ld (OEX) Latest News

Oilex Ld News

Date	Time	Source	Headline
10/10/2019	16:12	UKREG	Oilex Ltd Notice of Change of Interest of Substantial Holder
01/10/2019	12:37	ALNC	Oilex Cuts Annual Loss As It Works On East Irish Sea Deal
01/10/2019	08:31	ALNCF	Alliance News Flash Headline
01/10/2019	08:27	UKREG	Oilex Ltd Annual Report 2019- Financial Report
01/10/2019	08:26	UKREG	Oilex Ltd Annual Report - Directors Report
01/10/2019	08:21	UKREG	Oilex Ltd Annual Report - Business Review
01/10/2019	08:20	UKREG	Oilex Ltd Annual Report - Chairmans Review
01/10/2019	07:00	UKREG	Oilex Ltd Extension of Exclusivity Agreement
30/9/2019	08:45	UKREG	Oilex Ltd Equity Raise of GBP0.6m
30/9/2019	07:00	UKREG	Oilex Ltd Executive Contract Extensions

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Oilex Ld Takeover Rumours

Oilex Ld (OEX) Share Charts

1 Year Oilex Ld Chart

1 Month Oilex Ld Chart

Intraday Oilex Ld Chart

Oilex Ld (OEX) Discussions and Chat

Oilex Ld Forums and Chat

Date	Time	Title	Posts
11/10/2019	16:54	OILEX - Significant upside at Cambay and Canning basin	22,264
27/9/2019	14:42	Above 8.5p targets 12p again for Oilex (OEX)	72
14/12/2018	12:02	OILEX HUGE POTENTIAL & ISA-ABLE.	4,825
04/12/2015	15:03	Oilex 2014 and onwards	188
13/11/2015	10:03	bobsky	24

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Oilex Ld (OEX) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
07:26:20	0.20	200,000	403.40	O
07:19:21	0.21	48,122	98.94	O
07:18:45	0.20	55,510	111.91	O
07:18:43	0.21	966,100	1,995.00	O
07:18:14	0.21	55,510	114.63	O

View all Oilex Ld trades in real-time

Oilex Ld (OEX) Top Chat Posts

Date	Subject
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. Read Full Thread Reply
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 Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
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! Hereâ€™s whyâ€¦ 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 4Â½ 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 â€œMarch 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 OEXâ€¦). In the meantime, take cue from the BODâ€482;s recent issuance of a significant tranche of shares at 0.36p â€“; a 50% premium to todayâ€™s share price â€“; 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 4Â½ 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 (Â£7.1m MC) is not only irrational and transient in nature, but represents a gross undervaluation of the business. Read Full Thread Follow Reply
13/11/2018 13:18	tann93: ??? Obsessive to say the least - OEX share price is going places DYOR instead of trolling. Read Full Thread Follow Reply

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