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
  -0.005 -3.08% 0.1575 18,183,195 14:08:39
Bid Price Offer Price High Price Low Price Open Price
0.155 0.16 0.1625 0.1575 0.1625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -0.93 -0.04 11
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:07 O 1,570,006 0.1585 GBX

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Date Time Title Posts
24/6/202214:10OILEX - Significant upside at Cambay and Canning basin25,633
17/6/202210:24Oilex 800
13/4/202214:43Above 8.5p targets 12p again for Oilex (OEX)78
13/4/202214:43Bust in 6 months!20

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Oilex Ld (OEX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-24 15:21:080.161,570,0062,488.46O
2022-06-24 14:51:330.162,000,0003,130.00O
2022-06-24 13:22:020.16312,695500.00O
2022-06-24 13:08:270.161,000,0001,560.00O
2022-06-24 12:48:550.16125,000195.00O
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Oilex Ld (OEX) Top Chat Posts

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 0.31p while the 1 year low share price is currently 0.15p.
There are currently 7,167,790,704 shares in issue and the average daily traded volume is 137,340,173 shares. The market capitalisation of Oilex Ld is £11,289,270.36.
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
stocktrend2: We will need to wait until after the festival for final numbers but we can have a go at calculating the profit based on what we’ve already been told. We know that day 1 is now sold out and that day two has sold 21k tickets and they hope to get this to about 26k tickets. We know the mechanism for allocating ticket profits to KPE. We also know KPE has a minimum profit guarantee on merchandise. Based on this I calculate the profit as follows (this is profit not revenue). *Day 1 profit to KPE: €0.9m *Day 2 profit to KPE: €0.7m *Merchandise minimum guaranteed profit to KPE: €0.4m *Annual consultancy fee to KPE: €0.2m In total €2.2m profit to KPE which is already known. LVCG’s share is therefore €1.1m Additional profit: *Sponsorship: We’ve been told that the sponsorship will bring in about $1m for a sold out show. *Streaming: This is the big unknown, but the deal is structured so that LVCG can’t make a loss. Profit could be significant and all to LVCG (after the streaming company’s cut). *Merchandise sales above minimum guarantee: This could also be significant - the 14 Feb RNS states the following: ‘Average ticket prices are in the region of Euro 70 per ticket and research indicates that average spend per person on merchandise could be the same amount again. This means that the potential total revenue for all partners assuming day two sells out could be in the region of Euro 6mio for ticket sales alone and close to twice that if merchandise is added.’ I’m hoping that LVCG will make at least €2m from the Frankfurt festival, with streaming providing the potential for more (big unknown). I think the Bricklive business plus LCSE business will cover the company’s overheads in 2022. So the Kpop profit flows to profit for the company. I think this one annual festival therefore justifies the current £18m market cap of the group. There is at least one more festival planned for 2022 and 4-8 festivals are planned for 2023. As set out on the webinar yesterday, the potential for streaming revenue will be greater in future shows as packages by individual band will be available (with interview, backstage footage etc). Merchandise sales should also be higher with the potential to sell band merchandise as well as kpop.flex merchandise. It should also be easier to sell out the events with the whole weekend announced upfront. If the additional festivals are announced there could be a fairly quick pathway to profits of 10m+ and therefore a market map of £100m+ (50p+ share price) Chexk out lvcg
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.
josephrobert: For C73, I found this: hTTps:// 50 boepd = 263 MMBtu x $6 = $1,578 per day or $576k hxxps:// For C77H, I found this: hTTps:// hTTps:// So that appears to be about the same as C73 for gas, i.e. $1.15m True upside is based upon actual gas prices obtained hTTps:// So back in Dec 2014 they had based the gas price on obtainable prices, which were apparently $8/MMBtu. If they were the same (I would guess they are a lot more) then $1.15m x $8/$6 = $1.15 x 1.33 = $1.5295 Then we have condensate production on top. 252 barrels for every ten days = 252x365/10 = 252 x 36.5 = 9198. 9198 x $90? = $827,820 So that works out as $2.35m pa There are too many variables to know if this will prove to be an accurate figure, but I think that gives us some basis to work on that production will cover operational costs.
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!!!!
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!
josephrobert: That's a fair amount of text Transact201830 Jan '22 - 13:57 - 428 of 428 If I can add to that I would suggest that there is a misunderstanding on the flow rate of 77 and 73. I quick look at the history of 77H will show an intial flow rate which vanished to next to nothing. For example hTTps:// 'Cambay-77H During the quarter, the Company completed the workover at Cambay-77H which included replacement of the frac tree with a production tree and installation of production tubing. Since restarting production, Cambay-77H has gradually increased from 51 boepd. The initial average production rate for 10 days (IP10) was 71.5 boepd and average IP10 condensate gas ratio (CGR) was 92.5 bbls/MMscf. Production for 30 days was achieved on 4 January 2016 and Cambay-77H averaged 70 boepd, meeting the buyer's demand, with an average tubing head pressure of 1,851psig and the CGR remained stable averaging 90 bbls/MMscf. With further production, it is still expected that the CGR may decrease to the anticipated 40-50 bbls/MMscf as the tubing head pressure decreases..' They produced a lot more oil than expected due to the unsucessful frac. They drilled for gas and got oil, and they don't want oil - they dodn't have the infrastructure for that. The pre frac production is uncommercial; it will burn cash not add. I think we also need to make clear that if the 77 refrac is successful with kicking out commercial returns based on the expected future cost of a horizontal drill i.e. the 3-5 mmscfd then we then prepare for two drills in the second half. If the refrac is not successful then we can't show to investors a possibility of a commercial return. It either works or it doesn't, it is an almost binary outcome - we are either worth a lot more than we are now, of maybe the same if we are lucky. It may make sense to look towards the steps needed for the refrac rather than something which may or or may not happen until we get a sucessful result from the refrac. Other than that the other driver of the share price will be the GOIs 'rubber stamp'. Hope it helps somewhat to explain why the share price is at current levels. GLAH
geoffmanana: There is a chance that this drop in the share price will give OEX the opportunity to put some pressure on the Govt of India. My reasoning is that OEX have said they will need funding for the two drills planed, and the lower the share price gets the more difficult this will become. OK I know they are looking for a farm in, but surely it matters to be in a position of strength.......Just my opinion.
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.
zxie: Last year, India's epidemic affected oex share price plummet. Investment risk increases here
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