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Posts Categorized: Oilex
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Oilex – Valuation Model Update Following Court Ruling
By Dr. Michael Green Post the court ruling in the High Court of Gujarat last Friday it looks like there will be 2 likely outcomes in the weeks ahead for Oilex. We believe both will be highly positive for shareholders as relayed in our blog HERE. In this piece we have revisited our financial model […]
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Oilex court ruling – “heads we win, tails you lose” situation re judgement
The court ruling released on Friday in relation to the dispute between GSPC and Oilex is, in our opinion, good news for Oilex shareholders. The conditions imposed upon GSPC by the Judge to allow the Stay to remain in place pending the outcome of arbitration include the requirement on GSPCS’s part to lodge the not insubstantial sum […]
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Oilex – fund raising provides platform for Cambay Field progression in 2019
News out this today regarding a capital raising at Oilex with existing shareholder Republic committing just under £200,000 in equity & £138,125 in conv loan capital is good news for all shareholders on many counts. Firstly, with the all important court hearing in Gujarat due next week on the 19th it sends a strong signal […]
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Oilex – Court stay now provides for binary outcome
News today of the granting of a Stay by the High court in Gujarat appears at face value to be bad news for Oilex shareholders in contrast to what the trading activity and price movement on Friday led many shareholders (including ourselves) to expect. We proffer the following take on matters – namely that this […]
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Oilex 2Q 2018 results commentary
By Dr Michael Green Oilex has developed a strong position in some highly prospective producing basins in the booming Indian energy market. India relies on imports for something like 80% of its oil needs and LNG imports have doubled. This is despite this country having some highly prospective world-class hydrocarbon basins. Certainly, Oilex is one […]