HPC Follower
25 Aug 2016
Re: Hibernation. I suspect that OEX won't commit money to increase Cambay production until their Indian partner commits to pay it's debts as well as meet it's future shares, and permits are in place so that all the additional gas can be sold into the Indian market.The Indian government is slow to move and terms will be difficult to change later; so best to get everything negotiated and agreed upfront.
MR NIEVE
25 Aug 2016
Re: Hibernation. Earth shattering news today, obviously still in hibernation.
MR NIEVE
20 Aug 2016
Re: Hibernation. Exactly!!! there is NO change,There was supposed to be a new chief, new ideas, new goals ,in effect.Nothing.
whitestallion
19 Aug 2016
Re: Hibernation. no change then lolCapt. morgan
MR NIEVE
19 Aug 2016
Hibernation. I know it is winter in Oz, but I would not have thought that Oilex would go into complete hibernation, they have gone back to sleep.Surely something must be going on.It looked for a time there was a spurt, but it has fizzled out again.The momentum has been lost!!
whitestallion
02 Aug 2016
Re: Latest update at least the price held and didn't drop back before closeCapt. morgan
HPC Follower
02 Aug 2016
Re: Latest update There is certainly justification for the share price of OEX to be much higher for a company that is now producing and selling gas with some oil, cash in hand near the market value of the company and money still owed by its joint venture partner.Hopefully this rise is on the back of plans firming up to re-start the plan to drill new wells, including the one with extra long laterals. I doubt this level of SP improvement will continue without some news in the near future.I also hope that progress is still being made in their Australian based project which looks very promising to me in the long term,..
Joatmon
02 Aug 2016
A decent advance today ? The shares have advanced today on sizeable volume - looks like someone is building a stake to me - there does not seem to be other news driving the rise?
whitestallion
02 Aug 2016
? who's let the cat out of the bag ??Capt. morgan
Joatmon
29 Jul 2016
Latest update The latest Oilex update has some positive news: - Quarterly Quarterly Report June 2016[2016 07 29_July Quarterly]HIGHLIGHTSCAMBAY FIELD, ONSHORE GUJARAT, INDIA Oilex reaffirms its commitment to unlocking the multi TCF in-place tight gas potential in its onshore Cambay Block. Planning underway to complete a vertical well with the dual objective of developing un-depleted OS-II sand and to obtain core samples from the EP-IV Zone reservoir for drilling and stimulation studies. Gas sales from Cambay-77H continue with an average gas production rate for the quarter of 152,000 scfd, or 26 boepd (Oilex net 68,000 scfd, or 12 boepd) and with an average associated condensate & oil rate of 6 bpd (Oilex net 3 bpd). Reserve volumes have been re-classified to Contingent Resources, reflecting deferral of the development timetable and prevailing oil and gas prices. Negotiations continue with our Joint Venture partner to address payment of outstanding cash calls, contributions to programmed activities and approval of the annual budget resulting in delays to planned activities. During the quarter, the Joint Venture partner released US$575,000 towards part payment of outstanding cash calls. Application seeking permission for Extending Well Testing of Cambay-73 and Cambay-77H for another six months for each well and sale of test gas submitted for regulatory approval. BHANDUT FIELD, ONSHORE GUJARAT, INDIA Production from the Bhandut facility commenced in April. Test Gas Production at Bhandut-3 well averaged 503,000 scfd, or 87 boepd (Oilex net 201,400 scfd, or 35 boepd) and with an average associated condensate rate of 18 bpd (Oilex net 7 bpd). The Joint Venture and the Government of India approved the Work Programme & Budget for Bhandut Field for the Indian financial year starting 1 April 2016. During the quarter, the Joint Venture partner released US$302,000 towards payment of outstanding cash calls for the Indian FY 2015-16. Application for three-year extension of Petroleum Mining Lease under active consideration of the government. Field Development Plan under preparation for commercial gas production from Bhandut-3.CORPORATE During the quarter Oilex reached a settlement with Zeta Resources Limited that ends the legal proceedings between the parties. Mark Bolton was appointed Chief Financial Officer and Company Secretary. Cash balance at 30 June 2016 was $5.2 million.
whitestallion
21 Jul 2016
Re: come on oilex false alarm lolCapt. morgan
MR NIEVE
20 Jul 2016
Re: come on oilex Seems like Oilex has reverted back to type,no forward news for months now from Cambay,an area which should be moving at a fast pace appears to be at a standstill,so much for that feeling in my water.
MR NIEVE
14 Jul 2016
Re: come on oilex its like trying to gee up the England football team.
whitestallion
14 Jul 2016
come on oilex how about some newsCapt. morgan
whitestallion
12 Jul 2016
Re: broker target 7p old info? it was joatmonCapt. morgan
