SYN - Synergia Energy

[michael_selway]

Re: OEX - Oilex

I doubled my holding today based on the bargain price and yesterday's threat of a big run. Multiple reports have the company valued at a min of 1.80 per share. Several suggest it's a $3 stock (Hartley's etc). It's just a matter of time before it heads back up to more realistic levels. Given it's previous climb from similar $1.10 levels in Sep last year when it ramped back up to $1.80 in the space of less than 2 months I expect when it goes, it will happen quite quickly.

We are getting nearer to a number of milestones in the next half of the year which will give it more publicity and momentum.

The presentation that was posted on the OEX company website yesterday is worth a look for the newbies.

Hi do you know what the expected minelife of OEX is at full production rate?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -18.3 -3.8 49.3 81.9
DPS 0.0 0.0 0.0 0.0

thx

MS

 

[Out Too Soon]

Re: OEX - Oilex

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We are getting nearer to a number of milestones in the next half of the year which will give it more publicity and momentum.

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That half year has passed & some institutions are jumping on board, JP Morgan have just bought a large holding, anticipating a climb in sp. along with oil in general.

 

[SBH]

Re: OEX - Oilex

Hello to all still reading threads on stocks and not jumping off high ledges...
Any thoughts on the $10m fundraising at 23c? Is it the board members loading up on shares for super riches in a year or two or a legitimate need for more funds? To me it seems like they are happy to crash the share price at this stage to allow the 'sophisticated investors' to cash in.

Thats my conspiracy theory anyway! This thing is below 50m market cap.. seems unbelievable to me...

 

[newanimal]

Re: OEX - Oilex

Feb 6 change in substantial holdings announcement indicates JP Morgan bought 6,023,000 more shares (.23) on Feb 4. Yet volume that day was 80,252. Maybe someone can cure my newbie ignorance about institutional buying matters. https://www.aussiestockforums.com/forums/images/smilies/smile.gif

 

[glads262]

Cambay spudding, results due around 5th may

Only about a week to go until we find out the results of this well. It should lead to OEX becoming cashflow positive - ie begin funding exploration via cashflow instead of via capital raisings/asset sales.

 

[freddysa]

Re: OEX - Oilex

Oilex to suspend Indian well, shares fall 28 pct: Australia-based Oilex Ltd said the Cambay-75 appraisal/development well in India would be plugged back and suspended as log analysis indicated the presence of water with gas, although high gas readings were recorded.

Any thoughts?

 

[Miner]

Re: OEX - Oilex

Any one is following OEX to provide update ?
I do not hold but looking for some information if any one would like to post

Cheers

 

[bordercityfirm]

Re: OEX - Oilex

The word on the streets of perth (and even in the suburbia!) is that OEX have a rig and will drill the 2 wells this year.

Well done long term holders .

 

[bordercityfirm]

Re: OEX - Oilex

10:25:30 AM 0.270 5,262
10:20:31 AM 0.270 5,262
10:15:33 AM 0.270 5,262
10:10:38 AM 0.270 5,263

looks like a bot is buying this morning

 

[maxmac]

Re: OEX - Oilex

The drilling announcement would have to be close. Bit more action on OEX last week. Finally bit the bullet and in at 27. Could've been in at 20 cents but that would have made too much sense! Anyone got any news/views?

Cheers
Maxmac

 

[Annwn]

Re: OEX - Oilex

The drilling announcement would have to be close. Bit more action on OEX last week. Finally bit the bullet and in at 27. Could've been in at 20 cents but that would have made too much sense! Anyone got any news/views?

From a TA persective -
Broken upwards from a symmetrical triangle that has been forming since end of July.
The upmove isn't convincing at this stage with Fri a small range day of 0.1, only moderate volume

Cheers

 

[bordercityfirm]

Re: OEX - Oilex

Looks like a cup and handle to me, not so say you are wrong Annwn. Either way they are bullish signals and a breakout would confirm both TA.

Looks strong this morning, hopefully we are having break out as we type.

 

[BESBS Player]

Re: OEX - Oilex

Bought in today at ave. 28.5c. Looks a classic BESBS play. Big potential target, drilling soon but no details yet released.

Just had a quick read of this thread and noticed the comment from Bordercityfirm about a possible rig booking. Hmmm...a tasty treat is ever there was one! : This shall run quickly when a drilling confirmation is announced to the market. As Maxmac is suggesting, a very interesting fortnight ahead IMHO


Holding OEX

 

[bordercityfirm]

Re: OEX - Oilex

BESBS, it's not the drilling confirmation thats getting me excited it will be the actual drilling which will get me hot under the collar. The offshore block JPDA 06-103 was hottly contested in the first place and OEX were lucky to get it. Since their other drilling hasn't really gone to plan I've waited my time to get into this big time. I think the oil in place will be high estimations, and a lot of other Multinational operators we're interested in 15% of the block which the Japanese gladly snapped up. I wonder why........ Kuta tasi, Laminaria and, Kitan oil discoveries all so close and great Seismic's. Then there the other 20 prospects in the block.

I'll be holding to the drill bit gets to bottom and this thing gets tested.

 

[quarky]

Re: OEX - Oilex

jumped in at 0.285 and hoping that this one has a bit of movement and i'm willing to be patient with this one (as opposed to holding CTP)

Japanese interests, a rig, wells, ... OIL.

seems good so far. :

 

[DVEOUS]

Re: OEX - Oilex

seems good so far. :

This may end up being an understatement soon!

Close at 0.31 with an intra-day high of 0.33.
You could have made a tidy 15% in 24hrs.
Will be watching this closely during the week.

 

[skyQuake]

Re: OEX - Oilex

Bought in today at ave. 28.5c. Looks a classic BESBS play. Big potential target, drilling soon but no details yet released.

Just had a quick read of this thread and noticed the comment from Bordercityfirm about a possible rig booking. Hmmm...a tasty treat is ever there was one! : This shall run quickly when a drilling confirmation is announced to the market. As Maxmac is suggesting, a very interesting fortnight ahead IMHO


Holding OEX

Nice to see it fill the gap then run up again later; Rising volume too.
Also, what does BESBS stand for?
Cheers

 

[DVEOUS]

Re: OEX - Oilex

Also, what does BESBS stand for?

Having never come across this before either, I was wondering this too.
Google is your friend!


BESB stands for "buy early, sell before spud". In a nutshell “besbs” involves buying stocks that are inactive and orphaned by the market and holding them until they move closer to drilling. The market wakes up and starts to accumulate the stock sending the price up. Time then for the patient and early investor to exit.The extent of the price movement and thus the potential gains depends on a number of factors, but gains are almost always guaranteed.

 

[BESBS Player]

Re: OEX - Oilex

Sorry for confusion, guys.

The description is a good one. Remember though, you can hold during the drilling depending upon the number of target zones in a drilling and the discovery of early hydrocarbons.

Cheers,
BESBS

 

[BESBS Player]

Re: OEX - Oilex

OEX are starting to set a nice steady upward SP trend. Now touching 32c. One can only assume that many punters are trying to get in before management confirm a rig and drilling date.
Given previous announcements, I would think that this should be soon (hence the increase SP & volume). Happy to wait and see...a classic BESBS play if ever there was one (as I have said earlier) but this one should also allow opportunities to follow the drill bit down as well.

Good luck to all holders.
Holding OEX at 28.5c ave