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OEX Oilex Ld

0.00 (0.0%)
Last Updated: 00:00:00
Delayed by 15 minutes
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% 0.165 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.165 GBX

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Oilex Ld (OEX) Discussions and Chat

Oilex Ld Forums and Chat

Date Time Title Posts
30/7/202207:37Oilex 808
27/7/202213:07OILEX - Significant upside at Cambay and Canning basin25,699
13/4/202213:43Above 8.5p targets 12p again for Oilex (OEX)78
13/4/202213:43Bust in 6 months!20

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Oilex Ld (OEX) Most Recent Trades

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Oilex Ld (OEX) Top Chat Posts

Top Posts
Posted at 25/7/2022 07:56 by terminator101
RNSOEX are pleased to announce that the CEO had red sauce with his bacon butty this morning. EndsStay tuned for even more exciting news from Oex.
Posted at 21/7/2022 06:14 by bigpecs
OEX RNS ref Frack all systems go, we need regular updates along the way GLA time to get the big buyers in and get this share price moving
Posted at 15/7/2022 11:07 by josephrobert
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
Posted at 04/7/2022 09:55 by josephrobert
The other board also reminded us of the market cap of OEX today vs what is was in 2014

Shortly before the horizontal Frac in July 2014 the market cap is around 6p x 600m shares

Now the market cap is around 0.17p x 8000m shares

£36m vs £14m

Even stranger is that these 'valuations' were based on 45% of Cambay in 2014 vs 100% today

Dividing the previous market cap by by the percentage share of Cambay, i.e. £36m/0.45 comes to £80m. That means if everything else being equal today's market cap should be at £80m.

So what's different now? We are not facing a horizontal dril and frac but a refrac, the AIM share index has taken a beating, the interests of the company outside of Cambay are broadly neglible both now and then, the gas price has gone up, the chance of getting a successful frac has gone up, Indian political conditions don't appear to changed for the worse, funding for small oilers has I imagine gone down...the valuations of small oilers seem to have gone down big time.

So did the market overvalue OEX in 2014 and is it seriously undervaluing OEX in 2022? So as a balance for the frothy conditions of 2014, we can see that the trade buyer Magna* valued Cambay at $4m for 10%, ie £30m for the project in 2013. Takeaway $18m for OEXs share from its market cap of £36m means to me it was overvalued as I can't explain the difference other than market conditions at the time plus the value for a listing.

So it looks to me OEX was too expensive then, but it sure does look undervalued now.

*Incidently 10% of Magna was comverted / seen as worth 12.46% of OEX on the 2nd May 2014, so Magna took a massive hit on that, 73.5m shares valued at 5p or whatever at the time, Magna never recovered from the failure of the horizontal well and subsequent dilution.
Posted at 15/6/2022 07:57 by dillydally2
Same willOccur on angsThe usualPumpers are claiming it will boom on gas But we allKnow there will be a sell offOEX turned on their gas in India and the share price fell and have never recovered
Posted at 11/4/2022 10:24 by josephrobert
For what it is worth firestorm911 - 11 Apr '22 - 10:24 - 688 of 690 - I am pencilling in support at the share price at or around 25p; with the Frac becoming closer and production started many people would be surprised for the share price to fall back to those levels. Well done for making money and building a decent position; now's the time to get ready for the possibility of a big move up.
Posted at 08/4/2022 08:54 by demark
currently capitalised @£23m
and even @1p share price it would be £72m

too many stale bulls in oex,
in my opinion.

mms might move the share price up
significantly to find a new
trading band!!!!
Posted at 06/2/2022 22:43 by shanew48
Oh, spoilsport! lol, yes, see what you're saying, I've seen the OEX share price rise 400% overnight in OZ before so who knows how high the share price will be come close tomorrow at 4.30pm!
Posted at 02/8/2021 10:29 by josephrobert
ashleyjv - 10 Jul '21 - 16:31 - 32 of 61 - thanks for the link

OK the interview on the day after RW's appointment was pretty comprehensive - from this interview it looks like we have to push back the expectations of getting the GOI approval for 100% of Cambay. Back on the 10th of June I added a post that stated 'My best guessestimate is approval won't be given until at least September, then that indicates vertical drilling in Spring'. RW now says 3 months or so @4mins 19secs, so that brings us to October for GOI approval and pushes back the guidance for vertical drilling to early 2022.

EIS and UKCS is something that clearly has RW focus, surmising it feels like RW wants to farm out at the 'best' opportunity so he can fund his UK centric plan, from the last 1/4 report EIS drill is being pushed back, some potential for a purchase of UK production, no meaningful progress on Indonesian resource.

Hard not to be disapointed with the share price from a spike at 50p. Can't see any drivers to the share price until the GOI unlocks a lot of newsflow - when this happens then they will have the ability to dilute at higher levels to help fund plans for Cambay and UK. RW has made it very clear that the plan in his first OEX interview is to reward shareholders and raise equity - that means the plan is to dilute at higher and higher levels which is the normal plan for any early stage Oil and gas company - use the money from shareholders to add value by developing the resource, namely by drilling, when sucessful then the share price goes up, then repeat.
Posted at 09/7/2021 09:10 by zxie
Last year, India's epidemic affected oex share price plummet. Investment risk increases here
Oilex Ld share price data is direct from the London Stock Exchange

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