SYN - Synergia Energy
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Re: OEX - Oilex
is it because of BHP getting into shale-gas in USA?
i.e. a new competitor for services & materials, when Oilex is getting ready to frac with horizontal drilling?
or is it because, last week, an Oilex non-executive chairman (Max Dirk Jan Cozijn) indirectly sold 500,000 shares for $232,515 on-market on February 15, 2011 and 16.
(he indirectly holds 1,000,000 shares and 1,000,000 options)
i don't know what has changed, as in the gas/oil is still there, waiting to be extracted...
wonder why the share price is in a free-fall. currently at 0.38 and still no 'support' in sight (from highs of 0.55)
is it because of BHP getting into shale-gas in USA?
i.e. a new competitor for services & materials, when Oilex is getting ready to frac with horizontal drilling?
or is it because, last week, an Oilex non-executive chairman (Max Dirk Jan Cozijn) indirectly sold 500,000 shares for $232,515 on-market on February 15, 2011 and 16.
(he indirectly holds 1,000,000 shares and 1,000,000 options)
i don't know what has changed, as in the gas/oil is still there, waiting to be extracted...
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Re: OEX - Oilex
http://brokermandaniel.com/2011/03/03/the-oilex-time-bomb/
The Oilex Bomb!
Its been a busy day here on the BMD blog of all Blogs but I couldnt leave for my weekend retreat to the swiss alps (Hackney Marshes actually!) without a word or two on OILEX.
Theres an awful lot of nonsense being posted on this stock and some seem to think that the slight delay in the spud date on WA-388-P permit offshore Western Australia has caused the recent retrace. Well there maybe something to it but you would hardly invest in a company that began a drill in a cyclone now would you? Its all down to nerves the retrace is attributable to those with a nervous disposition! As of today the RNS out clearly states that Oilex have a free carry here for 8.4% and they are targeting prospective resources of up to 2.8 TRILLION CUBIC FEET OF PAY! with a best estimate recoverability rate of 100%.
Now they have spiked to just over 35p/36p and are currently in the doldrums at 24p!
The Company?s main area of focus is in India where it operates three onshore production sharing contracts in Gujarat on behalf of Joint Ventures with Gujarat State Petroleum Corporation Ltd (GSPC). Of these, the Cambay Field contract area has considerable oil and gas resources and Oilex intends to further evaluate and exploit these through proven North American tight gas andshale gas technology, including horizontal drilling and fracture stimulation.
The first horizontal, fracture stimulated well is planned for drilling in Q1 2011. Oilexs, Managing Director, Bruce McCarthy is currently based in Gujarat to manage this project and the Companys other Indian interests.
The Cambay prospect is a shale play and the technology used has been proven time and again in the USA. Remember Cambay has already been drilled via well 73 and gas was encountered and the tech needed for these tight plays has now been proven beyond any doubt.
Theres been mooted whisperings in the city of shenanigans here with trading halts a plenty and related party interest options. Its known as a carve up and that carve up caused the spike. Now bear this in mind as theres no point going through what the Blogosphere already know about OILEX. Suffice it to say they have no debt and have cash.
Oilex are sat on massive gas {proven} reserves. Cambay is a gas giant and Oilex are quietly confident that proof of concept will lead to a staggering increase in sp value over this quarter. There are 50p minimum targets being mooted here. 100p looks set to be hit on Cambay news alone.
It wont be long now before 50p is breached here. Any good news on Cambay and western Australis will push the sp. Great value for money at this present time. However please research your investments after all it is your money not mine!
Success at Cambay will make the current sp look ridiculous and we will all rue the day we never researched them. Oilex a ticking time BOMB!
News is expected shortly from the company via a Cambay update. It will shoot up on it. Hold for the news big gains here. Do not UNDERESTIMATE the potential here on Cambay it is company making!
Viva!
Daniel
http://brokermandaniel.com/2011/03/03/the-oilex-time-bomb/
The Oilex Bomb!
Its been a busy day here on the BMD blog of all Blogs but I couldnt leave for my weekend retreat to the swiss alps (Hackney Marshes actually!) without a word or two on OILEX.
Theres an awful lot of nonsense being posted on this stock and some seem to think that the slight delay in the spud date on WA-388-P permit offshore Western Australia has caused the recent retrace. Well there maybe something to it but you would hardly invest in a company that began a drill in a cyclone now would you? Its all down to nerves the retrace is attributable to those with a nervous disposition! As of today the RNS out clearly states that Oilex have a free carry here for 8.4% and they are targeting prospective resources of up to 2.8 TRILLION CUBIC FEET OF PAY! with a best estimate recoverability rate of 100%.
Now they have spiked to just over 35p/36p and are currently in the doldrums at 24p!
The Company?s main area of focus is in India where it operates three onshore production sharing contracts in Gujarat on behalf of Joint Ventures with Gujarat State Petroleum Corporation Ltd (GSPC). Of these, the Cambay Field contract area has considerable oil and gas resources and Oilex intends to further evaluate and exploit these through proven North American tight gas andshale gas technology, including horizontal drilling and fracture stimulation.
The first horizontal, fracture stimulated well is planned for drilling in Q1 2011. Oilexs, Managing Director, Bruce McCarthy is currently based in Gujarat to manage this project and the Companys other Indian interests.
The Cambay prospect is a shale play and the technology used has been proven time and again in the USA. Remember Cambay has already been drilled via well 73 and gas was encountered and the tech needed for these tight plays has now been proven beyond any doubt.
Theres been mooted whisperings in the city of shenanigans here with trading halts a plenty and related party interest options. Its known as a carve up and that carve up caused the spike. Now bear this in mind as theres no point going through what the Blogosphere already know about OILEX. Suffice it to say they have no debt and have cash.
Oilex are sat on massive gas {proven} reserves. Cambay is a gas giant and Oilex are quietly confident that proof of concept will lead to a staggering increase in sp value over this quarter. There are 50p minimum targets being mooted here. 100p looks set to be hit on Cambay news alone.
It wont be long now before 50p is breached here. Any good news on Cambay and western Australis will push the sp. Great value for money at this present time. However please research your investments after all it is your money not mine!
Success at Cambay will make the current sp look ridiculous and we will all rue the day we never researched them. Oilex a ticking time BOMB!
News is expected shortly from the company via a Cambay update. It will shoot up on it. Hold for the news big gains here. Do not UNDERESTIMATE the potential here on Cambay it is company making!
Viva!
Daniel
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Re: OEX - Oilex
Anyone wise mind out there know what is going on with OEX? or have any thoughts and opinions?
Been holding for a while and lately not much news, low trade volumes, downward movement...
Anyone wise mind out there know what is going on with OEX? or have any thoughts and opinions?
Been holding for a while and lately not much news, low trade volumes, downward movement...
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Re: OEX - Oilex
Current drilling on La Rocca isn't significant to the market. Market is waiting on India progress which is coming in a few weeks. That's why not a lot of action of late.
Hopefully the US market will be positive tonight and help stocks like OEX
Chart wise, this is a good support point, and likely to go up from here.
Current drilling on La Rocca isn't significant to the market. Market is waiting on India progress which is coming in a few weeks. That's why not a lot of action of late.
Hopefully the US market will be positive tonight and help stocks like OEX
Chart wise, this is a good support point, and likely to go up from here.
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Re: OEX - Oilex
OEX has gone from 19.5c to 35c in the two weeks since I sold it after watching do nothing for 12 months or more
OEX has gone from 19.5c to 35c in the two weeks since I sold it after watching do nothing for 12 months or more
pixel
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Re: OEX - Oilex
Have you thought about buying back, Mr B?
They've come back down quite a bit and look set to make a run again. I'm accumulating.
I also like the weekly chart:
OEX has gone from 19.5c to 35c in the two weeks since I sold it after watching do nothing for 12 months or more
Have you thought about buying back, Mr B?
They've come back down quite a bit and look set to make a run again. I'm accumulating.
I also like the weekly chart:
pixel
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Re: OEX - Oilex
It's got more holes than a Swiss Cheese; but I think I smell oil, not cheese.
At this stage, I think a break-out is more likely than a breakdown. I continue to hold.
It's got more holes than a Swiss Cheese; but I think I smell oil, not cheese.
At this stage, I think a break-out is more likely than a breakdown. I continue to hold.
pixel
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Re: OEX - Oilex
... continuing to step up:
yet the ASX issues a speeding ticket. Haven't they ever noticed people buying in expectation of fraccing success?
... continuing to step up:
yet the ASX issues a speeding ticket. Haven't they ever noticed people buying in expectation of fraccing success?
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Hit $1.93 in 2008 and now at 0.5c, yes half a cent. More on this disastrous performance later. However, they are seemingly coming out the other side of a dispute with a partner in India. May be very cheap with events turning in their favour.
Take care as the ASX only moves in 0.1c increments. Also quoted on London's AIM market where increments are 0.001p.
OEX can move up over 100% in a few hours or crash more than half.
A punters dream.
Take care as the ASX only moves in 0.1c increments. Also quoted on London's AIM market where increments are 0.001p.
OEX can move up over 100% in a few hours or crash more than half.
A punters dream.
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Hi Noirua
Good luck on your punt
OEX has issued about £650,000 issue in December. That is about a billion dollar !!!
In addition due to bureucracy and 'undisclosed financial transactions' being a norm, a court case could go very long depending on who is your opponent in India. Reliance has a big stake on oil field and so is Essar. Between two giants the governance system is a lame duck so any new comer would have a night mare.
In addition one of the partners of their venture is Videocon largely owned by Mr Dhoot, who are now under lots of investigation and in political limelight. GSPC Gujarat State Petro is a big semi government organisation as well. The amount of substance is however pretty low. So, I am not competent to pass judgement here excepting putting my observations.
Indian Resources was another Australian venture who could not win in India and now under liquidation.
I liked OEX and still like it but with any litigation in India, makes me disinterested. I could be wrong also like 9 out of 10 times
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Hi Noirua
Good luck on your punt
OEX has issued about £650,000 issue in December. That is about a billion dollar !!!
In addition due to bureucracy and 'undisclosed financial transactions' being a norm, a court case could go very long depending on who is your opponent in India. Reliance has a big stake on oil field and so is Essar. Between two giants the governance system is a lame duck so any new comer would have a night mare.
In addition one of the partners of their venture is Videocon largely owned by Mr Dhoot, who are now under lots of investigation and in political limelight. GSPC Gujarat State Petro is a big semi government organisation as well. The amount of substance is however pretty low. So, I am not competent to pass judgement here excepting putting my observations.
Indian Resources was another Australian venture who could not win in India and now under liquidation.
I liked OEX and still like it but with any litigation in India, makes me disinterested. I could be wrong also like 9 out of 10 times
View attachment 92327
A typo at 'a billion dollars' but point taken on the number of share conversions and capital raising. Shares closed in London Friday at 0.28p middle price 0.525c. https://www.londonstockexchange.com...ry/company-summary/AU000000OEX8GBGBXASX1.html
Website: http://www.oilex.com.au/about
An Australian company but because the ASX trades in 0.1c increments and London in 0.001p increments trading has been very light on the ASX and the London AIM market now leads.[/QUOTE]
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TOP AIM STOCKS
05/04/2019
05/04/2019
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I thought this was a loser but despite being in Trading Halt it is trading on the AIM market in London. Trading presently up 104% at 0.25p - 0.45c approx.
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OILEX - Significant upside at Cambay and Canning basin - OEX
ASX Announcement
16 September 2019
Exclusivity Agreement - East Irish Sea Licences
Https://stocknessmonster.com/announcements/oex.asx-6A945134/
The Board of Oilex Limited is very pleased to announce that it has entered into an exclusivity agreement with Koru Energy (KLW) Ltd, a subsidiary of Koru Energy Limited, for a potential acquisition of up to a 50% relevant interest in the Knox and Lowry, and Whitbeck gas discoveries in the East Irish Sea (EIS), offshore the United Kingdom (Exclusivity Agreementâ).
ASX Announcement
16 September 2019
Exclusivity Agreement - East Irish Sea Licences
Https://stocknessmonster.com/announcements/oex.asx-6A945134/
The Board of Oilex Limited is very pleased to announce that it has entered into an exclusivity agreement with Koru Energy (KLW) Ltd, a subsidiary of Koru Energy Limited, for a potential acquisition of up to a 50% relevant interest in the Knox and Lowry, and Whitbeck gas discoveries in the East Irish Sea (EIS), offshore the United Kingdom (Exclusivity Agreementâ).
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OEX rose sharply on London's AIM market place. Up from 0.17p to finish the week at 0.26p, up over 50%. Equivalent to 0.47c a share. The share price is hampered on the ASX by price movements in 0.1c increments.
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Kept very secret is the bidder for GSPC's 55% interest in Cambay. The other 45% is owned by Oilex.
This is thought to be the secret preferred bidder for Cambay:
Carlyle joins Cairn Energy's Mike Watts to recreate magic
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
https://economictimes.indiatimes.co...reate-magic/articleshow/47761775.cms?from=mdr
This is thought to be the secret preferred bidder for Cambay:
Carlyle joins Cairn Energy's Mike Watts to recreate magic
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
https://economictimes.indiatimes.co...reate-magic/articleshow/47761775.cms?from=mdr
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Pharos Energy PLC website: https://www.pharos.energy//
