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% 0.16 11,455,733 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.15 0.17 0.16 0.16 0.16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.09 -2.37 -0.13 5
Last Trade Time Trade Type Trade Size Trade Price Currency
16:41:30 O 1,000,000 0.163 GBX
Related Shares
Bp (BP.), Royal Dutch Shell (RDSA), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Oilex Ld (OEX) Latest News (4)

Oilex Ld News

Date Time Source Headline
21/2/202010:47ALNCOilex Closer To Selling Australia Assets As Doriemus Completes Placing
21/2/202007:38ALNCFAlliance News Flash Headline
21/2/202007:30UKREGOilex Ltd Strong Funding Support for Cooper-Eromanga
11/2/202014:00ALNCOilex Extends Chair Lingo's Operational Role Until March End
11/2/202007:00UKREGOilex Ltd Chairman Consulting Contract Extension
04/2/202014:31ALNCOilex Secures New GBP350,000 Loan From Existing Shareholders
04/2/202007:00UKREGOilex Ltd Appendix 3B: Issue of Securities
03/2/202014:23UKREGOilex Ltd New Series C Loan Facility
03/2/202012:37ALNCOilex Plans Drilling At Cambay; Sells Bhandut And Cooper-Eromanga
31/1/202008:17UKREGOilex Ltd December 2019 Quarterly Report
More Oilex Ld News
Oilex Ld Takeover Rumours

Oilex Ld (OEX) Discussions and Chat

Oilex Ld Forums and Chat

Date Time Title Posts
21/2/202016:07OILEX - Significant upside at Cambay and Canning basin22,986
04/1/202017:04Above 8.5p targets 12p again for Oilex (OEX)76
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

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Oilex Ld (OEX) Top Chat Posts

DateSubject
22/2/2020
08:20		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 0.16p.
Oilex Ld has a 4 week average price of 0.16p and a 12 week average price of 0.16p.
The 1 year high share price is 0.34p while the 1 year low share price is currently 0.12p.
There are currently 3,193,853,957 shares in issue and the average daily traded volume is 17,508,021 shares. The market capitalisation of Oilex Ld is £5,110,166.33.
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29/1/2020
10:42		bloomberg2: Oilex Ltd Sale of Cooper Eromanga Basin AssetsSource: UK Regulatory (RNS & others)TIDMOEXRNS Number : 3034BOilex Ltd29 January 2020ASX-RNS Announcement29 January 2020ASX: OEXAIM: OEXSale of Cooper Eromanga Basin AssetsOilex Limited (Oilex or the Company) is pleased to announce that it has signed a binding Heads of Agreement (HOA) with Doriemus plc (Doriemus), an ASX-listed company, for the proposed sale of all of its interests in the Cooper-Eromanga Basin to Doriemus.Subject to the terms of the HOA, it is intended that Doriemus will acquire 100% of the issued capital of CoEra Limited (CoEra), a wholly owned subsidiary of Oilex (Proposed Transaction). At completion, CoEra will own all of Oilex's direct and indirect interests in the Cooper-Eromanga Basin including:-- 79.33% direct interest in two Petroleum Exploration Licences (PEL 112 and PEL 444) (with an option, as previously announced, to acquire the remaining 20.66%); and -- right to acquire 27 Petroleum Retention Licences from Senex Limited (Northern Fairway PRLs). As consideration for the Proposed Transaction, Doriemus will issue 28,301,887 CHESS Depositary Interests (CDIs) (representing 28,301,887 shares in Doriemus) to Oilex (or its nominee(s)) upon completion of the Proposed Transaction. The Company will nominate 2,830,188 CDI's of the abovementioned consideration to Orthogonal Enterprises Pty Ltd (Orthogonal) for past and future services rendered in building the Cooper-Eromanga portfolio.The Doriemus' closing share price of A$0.03 on 28 January 2019 values the net consideration payable to Oilex at A$764,000. Alternatively, based on Doriemus HY2019 financial statements, the Net Asset Value is over A$0.09 per Doriemus share valuing the net consideration payable at A$2.4 million. In addition, Doriemus will also irrevocably and finally assume the obligations of Oilex under the Senex Agreement to acquire the Northern Fairway PRLs, namely the assumption of existing abandonment liabilities, estimated at $1.1 million, payment of future PRL annual fees and work programme obligations including exploration well commitments in PEL 112 and PEL 444.The CDIs to be issued as consideration for the Proposed Transaction are subject voluntary escrow conditions and will only be able to be disposed of by Oilex and Orthogonal in certain limited circumstances for a 2-year period following their issue.The Proposed Transaction is subject to the satisfaction of various conditions precedent, including in particular, Doriemus obtaining shareholder approvals for the issue of various securities, the completion of a minimum $3.5 million capital raising by Doriemus, completion of due diligence by each party on the other and execution of definitive transaction documentation between Doriemus and Oilex in respect of the Proposed Transaction. The HOA sets out that these conditions precedent need to be satisfied by 30 June 2020 or discussions will be discontinued. Accordingly, whilst both the Board of Directors of Oilex and Doriemus are confident that the conditions precedent will be satisfied, there can be no guarantee that they will be, and therefore no guarantee that the Proposed Transaction will complete.The ASX has confirmed that Listing Rule 11.1.3 does not apply to Doriemus in regard to the proposed acquisition and associated transactions by Doriemus.CoEra and its subsidiaries were acquired by Oilex after 30 June 2019 and accordingly, there was no revenue or earnings attributable to Oilex for the year ended 30 June 2019. As at 31 December 2019, the Cooper-Eromanga Basin assets being disposed of by Oilex had an unaudited carrying value of A$331,000.Assuming completion of the Proposed Transaction, Oilex will no longer have any oil and gas asset interests in Australia, and instead with be focused on further developing its asset base in India and the UK Continental Shelf (UKCS).Proposed Board ChangesSubject to completion of the Proposed Transaction, Doriemus proposes to appoint Oilex's Chairman, Mr Brad Lingo as the new Managing Director of Doriemus. In this event, Mr Lingo would also step down as the Chairman of Oilex following the appointment of a new Oilex Chairman. It is also proposed that Oilex's Managing Director, Joe Salomon, will be appointed as a Director of Doriemus. The independent directors of Oilex are currently conducting a formal process to appoint a new Oilex Chairman.Proposed Doriemus Capital RaisingAs part of the Proposed Transaction, Doriemus intends to undertake a capital raising at a price expected to be $0.035 per CDI to raise a minimum of $3.5 million and a current proposed maximum of $5 million (Capital Raising).It is proposed, subject to agreeing legalities and structuring mechanics, to include a priority offer to eligible existing Doriemus and Oilex shareholders (being those Doriemus CDI holders or Oilex shareholders (whether through Common Shares or depository interests) with a registered address in the United Kingdom, Singapore, Australia and New Zealand on the record date, which date is yet to be determined) for up to $1.5 million ("Priority Offer"). At this stage, the Priority Offer is expected to be made under a disclosure document prepared by Doriemus in accordance with Chapter 6D of the Corporations Act 2001 (Cth).It is proposed that participants in the Capital Raising will also receive one (1) free option for every three (3) CDIs / shares subscribed for in the Capital Raising. It is further proposed that the options will be exercisable at A$0.08 on or before four years from the date of completion of the Proposed Transaction (Attaching Options). It is currently intended that the Attaching Options will be listed on the ASX by Doriemus, subject to meeting certain ASX listing requirements.Further details of the proposed Capital Raising will be provided in due course.Commenting on the transaction, Managing Director, Joe Salomon, said:"The Board has assessed many options to maximise value for our shareholders and the proposed sale of the Cooper-Eromanga Basin assets to Doriemus ensures that Oilex retains material leverage to the Cooper-Eromanga Basin assets without the associated funding burden and consequential dilution. The decision also reflects Oilex's dominant European shareholder base and trading volumes on the London AIM.Importantly, it allows the Company to focus on its core assets in India and expand its portfolio in the UKCS which we look forward to progressing. In any event, it is anticipated that eligible Oilex shareholders will also have the opportunity to increase their exposure to the Cooper Basin portfolio via the priority offer in the proposed Doriemus capital raising. We will update shareholders in due course with further details in this regard."For and on behalf of Oilex LtdJoe SalomonManaging DirectorFor further information, please contact: Investor AIM Broker AIM Nominated Media Enquires Media Enquiries Enquiries Novum Securities Adviser (UK) (Aus) Oilex Ltd Broker Strand Hanson Vigo Communications Citadel-MAGNUS Joe Salomon Colin Rowbury Limited Public Relations Michael Weir Managing Email: Nominated Adviser Patrick Email: Director crowbury@novumsecurities. Rory Murphy/Ritchie d'Ancona/Chris mweir@citadelmagnus. Email: com Balmer McMahon com oilex@oilex.com.au Tel: +44 20 Email: Email: Tel: +618 Tel: +61 7399 9427 oilex@strandhanson.c patrick.dancona@vigo 6160 4900 8 9485 3200 UK o.uk comms.com Australia Australia Tel: +44 20 chris.mcmahon@vigoco 7409 3494 mms.com UK Tel:+ 44 20 7390 0230 UK This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDMSCBKLFLBFLXBBQ(END) Dow Jones NewswiresJanuary 29, 2020 05:40 ET (10:40 GMT)
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17/1/2020
15:01		noirua: The news is reassuring though nothing much has really changed as yet - cross fingers. Share price should trade between 0.19p and 0.22p for the time being with a lot of stale bulls on board.
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22/12/2019
22:51		serialinvestor1: Breaking News…. December 23, 2019 (08:22am ASX) BIDS FOR CAMBAY NOW CLOSED! Oilex Ltd is pleased to advise that the closing date for submission of bids in the formal sale process for Gujarat State Petroleum Corporation’s 55% participating interest in the Cambay PSC has now passed. The Company will update the market once further information on the bid process becomes available. EAST IRISH SEA LICENCE ACQUISITION! The Board of Oilex is very pleased to announce that it has entered into a binding term sheet with Burgate Exploration and Production Ltd to acquire a 100% participating interest in the Doyle-Peel licence (P2447) in the East Irish Sea(EIS), offshore the United Kingdom. In addition, the Company has entered into an exclusivity agreement with Burgate, Comtrack (UK) Ltd, and Simwell Resources Ltd for the potential acquisition of a 100% participating interest in the Castletown licence(P2076). ................................................................................................... Well done to all those who believed in the Oilex story. We should observe a very blue day tomorrow. ATB Https://www.asx.com.au/asx/share-price-research/company/OEX .
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14/12/2019
03:12		serialinvestor1: Block4Gooner, having been here for ages, I'm somewhat envious at those entering now - who appear to have timed it pretty well. It's an excellent entry point. That said, and to truly reap the rewards from a substantive re-rating of the company shares, private investors would be wise to hold positions until the successful participant (the winning bid) is announced. This is currently projected at around two to three weeks after the bid closure announcement. And Friday's modest volume of 47.5m shares, alongside a 15% jump in the share price, suggests there's a small free float; shrewdly manufactured by a significant number of savvy private investors going LONG. This bodes well for next week. ATB.
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09/10/2019
12:17		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
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17/9/2019
10:16		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.
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14/9/2019
10:44		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
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10/9/2019
16:21		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.
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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.
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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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