Here's a few posts from the ADVFN (UK - at time of posting) boards from yesterday. Just draw your attention to the posts from Mr Buzzzzzzzzzz. Now, he mightn't know much about O&G but he does know how to answer a phone call from Ron:
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Buzzzzzzzz 17 Sep'14 - 10:01 - 9817 of 9990 Big Ron returned my call at last!Obviously couldn't say anything before now.The flow of the water being recovered varies by 50% and they have recovered 75% of the water.It won't be long before they have 90% of the frac water.Flow rates with frac water in are meaningless according to RonHe stressed he was very happy and relaxed and shareholders should be too.He also stressed OEX under new management and everything is being done properly ie do it properly do it once and cost effectively.
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steveglobal4 17 Sep'14 - 10:03 - 9819 of 9990 they were put under a pressure by the share price for an update, I think they were going to issue an rns anyday with completion and flowtests, which tells me we will prob get another rns by sunday evening which could put this well over 30
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steveglobal4 17 Sep'14 - 10:05 - 9820 of 9990 0 0buzz, if that is the case the rns is not very clear on how they written the percentages as someone said earlier.
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ChazG 17 Sep'14 - 10:19 - 9822 of 9990 2 0- Significant improvement in flowback rates for gas, oil and water- Demobilising various equipment and associated personnel given the current understanding of the well's performance- Managing Director of Oilex, Ron Miller, said: "We remain very positive about Cambay-77H and ..."my interpretation of the above statements is that they know all they need to know and they are still positive ... good news as far as I'm concerned
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Buzzzzzzzz 17 Sep'14 - 10:19 - 9823 of 9990 0 0SteveAgree, not clear.Ron very clear on the water recovery flow varying 50%.As RNS states 75% recovered.When I said a lot of wetpants worrying he chuckled and said chill it's all going to plan and being done properly.This is not a man who intends to end up with egg on his face, he has made some pretty confident statements in the past and it didn't sound like he was worried about anything.
OEX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held