OK, here's the article in question .....
www.*.co.uk/columns/sp-angel/16506/sp-angel-morning-oil-gas-bowleven-leni-gas-oil-oilex-and-tullow-oil-16506.html
"Oilex (LON:OEX)
And so it begins…
Today’s news that fraccing operations are about to commence on the Cambay asset marks what we believe will be the beginning of the end of the Company’s involvement in India.
Either the test will be successful and the Company will see additional value created via its exit, or it won’t, in which case it relinquishes it interests.
Irrespective of which outcome it is, the Company’s renewed focus on Australia is its way forward. Given this, we see little reason for its London listing, hence in due course we see the Company delisting."
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It's just a fraccing try-on for gad's sake.
What exactly does this mean ... "Either the test will be successful and the Company will see additional value created via its exit"?
I don't mean to be obtuse, but this statement is too prosaic for me.
It's glib pap.
A lame attempt at trying to look cleaver - a lot of hobbledehoy .... eyewash that contains noooo meaning.
Oh, and g'day blackhat, long time no see maaaate. It's such a pleasure when you drop by, come in - aren't we just the lucky ones. Hope you've been keeping well?
blackhat, I'll be just staying the course old man until I
know for sure what is going on, otherwise I'd be just opening myself up to following any old stray speculation doing the rounds - it's background static old mate, that's all. At the end of the day, where do you think I get my investment advice from .... the backs of Cornflakes boxes contain more credible and factual information than either you are the journo that wrote the piece above.
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Here's some reaction from the UK .....
http://www.iii.co.uk/investment/detail?display=discussion&code=cotn:OEX.L
1. Guess its quiet for the research/script writers.
Assuming it ever happened - What does that mean for LSE/AIM guys? Conversion to Aus stck mrkt ?
2. I don't want a takeover until we get Frac results and a full magnetic and gravity test potential survey on Canning.
Then we will see how much they will pay
