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Oilexco Stands Out As Cheap Stock KBC PeelHunt (OIL)
brianboru
- 09 Aug 2005 21:51
We all need a couple of oilies in our portfolio - this one's not without it's risks but still plenty potential upside.
http://www.kbcpeelhunt.com/pdfs/mmeetings/NEOilGas9Aug05.pdf
Oilexco (BUY) looks a stand-out cheap stock. This is partly a reflection of its high asset concentration, with effectively all the value in the UK North Sea Brenda field. While it is not without risk in terms of reservoir performance, the field has been thoroughly appraised and with the key contracts having been signed, delivery of first oil mid-2006 looks fairly secure. Forthcoming exploration and appraisal drilling on 3-4 other North Sea prospects and fields provide a few shots at significant value upside as well.
http://www.kbcpeelhunt.com/pdfs/mmeetings/NEOilGas9Aug05.pdf
Oilexco (BUY) looks a stand-out cheap stock. This is partly a reflection of its high asset concentration, with effectively all the value in the UK North Sea Brenda field. While it is not without risk in terms of reservoir performance, the field has been thoroughly appraised and with the key contracts having been signed, delivery of first oil mid-2006 looks fairly secure. Forthcoming exploration and appraisal drilling on 3-4 other North Sea prospects and fields provide a few shots at significant value upside as well.
KEAYDIAN
- 22 Jun 2006 20:19
- 2 of 91
Oilexco Incorporated said it has completed on schedule, and on budget, the initial drilling and completion phase on its 100 pct owned Brenda Field (Block 15/25b) development located in the UK Central North Sea.
'The completion flow tests for the three wells exceeded our expectations. Their sand-face productivity indexes and normalized flow calculations suggest a possible combined production rate of 44,000 barrels of oil per day, though we will restrict their flow once in production to adhere to good reservoir management practices,' said Oilexco president and CEO Arthur Millholland.
He said the Oilexco team continues to work diligently to ensure ensuing project targets are achieved on schedule, and on budget, with first oil continuing to be targeted early in the fourth quarter.
'The completion flow tests for the three wells exceeded our expectations. Their sand-face productivity indexes and normalized flow calculations suggest a possible combined production rate of 44,000 barrels of oil per day, though we will restrict their flow once in production to adhere to good reservoir management practices,' said Oilexco president and CEO Arthur Millholland.
He said the Oilexco team continues to work diligently to ensure ensuing project targets are achieved on schedule, and on budget, with first oil continuing to be targeted early in the fourth quarter.
niceonecyril - 24 Jan 2007 19:41 - 3 of 91
Brenda/Nicol development due to start producing anyday now.After drifting SP
slowly making some headway.
cyril
slowly making some headway.
cyril
niceonecyril - 25 Jan 2007 18:38 - 4 of 91
UP 21p today could be news?
cyril
cyril
niceonecyril - 02 Feb 2007 10:29 - 5 of 91
I;m convinced we will have news about Brenda/Nicol oilflows next week.
alanatml2 - 08 Feb 2007 18:14 - 6 of 91
The Brenda field production startup is weather dependent for the completion of topside work. Sleet and squalls have had some adverse effect but next week there should be an announcment. Any drop in SP IMHO is a buy.
niceonecyril - 09 Feb 2007 10:05 - 7 of 91
Thanks Alan, it appears we are as you say, awaiting on the weather. It appears
that all remaining work is down to the hands of the Balmoral Floater,connections
and a data cable to be fitted?
cyril
that all remaining work is down to the hands of the Balmoral Floater,connections
and a data cable to be fitted?
cyril
niceonecyril - 19 Feb 2007 22:51 - 8 of 91
Oilexco are reporting news of significant oil bearing sands in its Kildare Well,test
results expected 3/4 weeks.
cyril
results expected 3/4 weeks.
cyril
alanatml2 - 07 Mar 2007 23:38 - 9 of 91
A Brenda announcement now would be politically significant for 'smaller' N.Sea exploration companies and just in time for +$60 pb cash flow.
niceonecyril - 27 Mar 2007 15:54 - 10 of 91
Alan with yesterdays RNS confirming that subject to good weather we will be producing before the end of April,30000bopd to starting in time to above 50000bopd. I think we will see an upgrading of the SP. We also have Kildare discovery,lots of other potential, Ptarmigan appraisal well being most promising,but to me Laural Valley has outstanding potental and if successful would see OIL ratings rocket.
I'm very comfortable with this share.
cyril
I'm very comfortable with this share.
cyril
niceonecyril - 27 Mar 2007 17:45 - 11 of 91
Drilling report and Final Results, a lot of reading but well worth while.
http://www.investegate.co.uk/Article.aspx?id=20070327070013M4374
http://www.investegate.co.uk/Article.aspx?id=2007032607001M0382
cyril
http://www.investegate.co.uk/Article.aspx?id=20070327070013M4374
http://www.investegate.co.uk/Article.aspx?id=2007032607001M0382
cyril
niceonecyril - 29 Mar 2007 22:41 - 12 of 91
Not long now?
http://www.mineweb.net/mineweb/view/mineweb/en/page40?oid=18836&sn=Detail
A free ride for its aggressive BLUE SKY PLAY
cyril
http://www.mineweb.net/mineweb/view/mineweb/en/page40?oid=18836&sn=Detail
A free ride for its aggressive BLUE SKY PLAY
cyril
niceonecyril - 03 Apr 2007 19:40 - 13 of 91
Around 3 weeks for production from(probably2) Brenda/Nicol project and result of the well presently being drilled in the Laural Valley prospect(spudded on the
28th March and about 30 days to complete).
So an exciting April for OIL, if L/Valley comes up trumps we will have lift off?
cyril
28th March and about 30 days to complete).
So an exciting April for OIL, if L/Valley comes up trumps we will have lift off?
cyril
niceonecyril - 04 Apr 2007 13:16 - 14 of 91
From another board, Pat Boswell of International Frontiers a partner with OIL in the drilling of Laural Valley, who discribed North Seas Laural Valley as "Exploration of the Year".
"Drilling is going so well that they could be running logs by the end of next week"?
With Brenda due, could be quite a month?
cyril
"Drilling is going so well that they could be running logs by the end of next week"?
With Brenda due, could be quite a month?
cyril
niceonecyril - 24 Apr 2007 19:24 - 15 of 91
OIL are due to produce any day now, seems that the rig is swarming with
nut tighteners and inspectors. Some oil has already flowed need to satisfy Goverment Inspectors for production licence,should be by end of month?
cyril
nut tighteners and inspectors. Some oil has already flowed need to satisfy Goverment Inspectors for production licence,should be by end of month?
cyril
alanatml2 - 25 Apr 2007 18:03 - 16 of 91
lOOKING VERY GOOD. SP jumps 6.5% to 388/391p on large buys today. Announcements must be due shortly. Shareholders have a lot to look forward to in 2007 as OILEXCO joins the North Sea Producers.
niceonecyril - 30 Apr 2007 19:50 - 17 of 91
.
niceonecyril - 30 Apr 2007 19:53 - 18 of 91
alanatml2 - 30 Apr 2007 21:37 - 19 of 91
I hold OIL but I was basing my investment on a 2004 financial report which targets 440p for 5 wells. The recent webpage sets out details for 9 high production wells and proven assets. Looks like I will double up before Brenda comes in!
http://www.stockhouse.com/bullboards/viewmessage.asp?no=14753972&t=0&all=0&TableID=0
http://www.stockhouse.com/bullboards/viewmessage.asp?no=14753972&t=0&all=0&TableID=0
niceonecyril - 06 May 2007 11:11 - 20 of 91
alanatm2, OIL's biggest drawback has been time delay in bring Brenda/Nicol
to production,apart from lost output it has also been very expensive for the
company. This seems as this will alter next week and possibly Tuesday?
The following info should explain.
President and CEO Artur Millholland is due to give an interview with BNN
at 3-10pm on Monday, would suggest oil is flowing?
and
http://www.amprogram.com
to production,apart from lost output it has also been very expensive for the
company. This seems as this will alter next week and possibly Tuesday?
The following info should explain.
President and CEO Artur Millholland is due to give an interview with BNN
at 3-10pm on Monday, would suggest oil is flowing?
and
http://www.amprogram.com
niceonecyril - 11 May 2007 21:27 - 21 of 91
OIL, Brenda's field will produce next week? From the AGM, oil under test,out
of their hands but should be within a couple of days. AGM WAS FOR THE 9/05
so Monday me thinks?
cyril
of their hands but should be within a couple of days. AGM WAS FOR THE 9/05
so Monday me thinks?
cyril
niceonecyril - 12 May 2007 06:41 - 22 of 91
unluckyboy - 16 May 2007 21:29 - 23 of 91
I've been watchjng this stock only for a couple of days and i have seen the graph for the share price and it looks good.Is there any profit still to be made from this company?.
niceonecyril - 26 May 2007 04:30 - 24 of 91
Reports from Canada indicate first oil production will be reported on Monday, with flow rates confirmed after one month.
Unlucky, just read an article which states once its broken out of $10 Can,
Funds will be looking for $14. Closed at $10.86/10.67, which works out at 5-06p.
Lots of news to follow, but like all investments nothings certain.
cyril
Unlucky, just read an article which states once its broken out of $10 Can,
Funds will be looking for $14. Closed at $10.86/10.67, which works out at 5-06p.
Lots of news to follow, but like all investments nothings certain.
cyril
unluckyboy - 28 May 2007 09:22 - 25 of 91
thanks cyril,bought in @ 4.88 last week, lets hope for some good news shortly.
unluckyboy.
unluckyboy.
unluckyboy - 29 May 2007 09:16 - 26 of 91
up 33p @9:14 to 5.29.lets hope it carries on up.
unluckyboy.
unluckyboy.
niceonecyril - 30 May 2007 06:47 - 27 of 91
SP finished up 37p to end at 533p, yesterdays news was a slight surprise in that
it came before production rates from the Brenda well, which at this moment is
producing and being fine tuned for best flow rates. So 30,000bopd to come
on top of this fantastic news of Huntington,words out that this is a biggy.
for those who have not read the RNS try www.uk-wire.com.
cyril
it came before production rates from the Brenda well, which at this moment is
producing and being fine tuned for best flow rates. So 30,000bopd to come
on top of this fantastic news of Huntington,words out that this is a biggy.
for those who have not read the RNS try www.uk-wire.com.
cyril
niceonecyril - 30 May 2007 12:43 - 28 of 91
Huntingdon could be the biggest oil find in the N/Sea for over a year according to a report in The Times.
cyril
cyril
niceonecyril - 06 Jun 2007 12:18 - 29 of 91
More news suggesting Huntington is HUGHhttp://www.investegate.co.uk/?Article.aspx?id=20070606070015M3124
Failing that www.uk-wire.com that
Production is expected from Brenda this week, delays have been out of the hands of OIL.
cyril
Failing that www.uk-wire.com that
Production is expected from Brenda this week, delays have been out of the hands of OIL.
cyril
unluckyboy - 06 Jun 2007 15:15 - 30 of 91
it's nice to see another big rise today but i have noticed that every late afternoon the prise always goes down and then back up again.
unluckyboy.
unluckyboy.
niceonecyril - 09 Jun 2007 05:28 - 31 of 91
RNS out;
Royal Bank of Scotland have agreed to increase borowing base facility to
$500m,expected to include Shelley and Ptarmigan(which its currently drilling).
Further proof of RBS's confidence in OIL,patiently waiting on news from
Brenda?
cyril
Royal Bank of Scotland have agreed to increase borowing base facility to
$500m,expected to include Shelley and Ptarmigan(which its currently drilling).
Further proof of RBS's confidence in OIL,patiently waiting on news from
Brenda?
cyril
unluckyboy - 11 Jun 2007 09:15 - 32 of 91
Some good news in today up 16p but is this the news we are expecting from the huntington prospect or is this some other good news.
unluckyboy.
unluckyboy.
niceonecyril - 12 Jun 2007 12:05 - 33 of 91
ULB; News of first production from the Brenda/Nicol fields. Also great news today of
results from 2 of the zones from Huntington,with the lower zone still to be
tested.You can get these RNS's by simply putting in the epic OIL from
www.investegate.co.uk/Article.aspx?id=20070612070036M4904
If this does not work try www.uk-wire.com
regards cyril
results from 2 of the zones from Huntington,with the lower zone still to be
tested.You can get these RNS's by simply putting in the epic OIL from
www.investegate.co.uk/Article.aspx?id=20070612070036M4904
If this does not work try www.uk-wire.com
regards cyril
unluckyboy - 12 Jun 2007 15:59 - 34 of 91
Good start to the day again but from noon it always seams to drop.Yesterdays graph was the same.Is there something we should know about?.
sell in the morning; buy in the afternoon.
I hope now the news is in that price doesn't start to drop like it did with toledo mining.
unluckboy.
sell in the morning; buy in the afternoon.
I hope now the news is in that price doesn't start to drop like it did with toledo mining.
unluckboy.
unluckyboy - 13 Jun 2007 11:17 - 35 of 91
Up 11.5p this morning, waiting for lunch time to see if it starts to drop again.
unluckyboy.
unluckyboy.
niceonecyril - 14 Jun 2007 07:46 - 36 of 91
unluckyboy;feel happy with this stock as its experienced a slow build up,mostly on
good news (huntington is rumoured to be the biggest find in over 5 years from the
N/Sea),production from Brenda/Nicol fields,Ptarmigan to come and of course a move to the main market later this month. Yes their will be dips in the SP from time to time(profit taking) but nothing to dramatic imho,which leaves me feeling very
comfortable holding long term.
cyril
good news (huntington is rumoured to be the biggest find in over 5 years from the
N/Sea),production from Brenda/Nicol fields,Ptarmigan to come and of course a move to the main market later this month. Yes their will be dips in the SP from time to time(profit taking) but nothing to dramatic imho,which leaves me feeling very
comfortable holding long term.
cyril
unluckyboy - 15 Jun 2007 17:50 - 37 of 91
A GOOD REPORT IN THE SHARES MAG.UPGRADED PRICE TO 7.05.STILL A GOOD RISE TODAY UP TO 6.44 AT ONE POINT AND THEN STEADY AROUND 6.30.I EXPECT A GOOD WEEK NEXT WEEK,LET'S HOPE FOR A TIP IN THIS WEEK'S PAPERS.
UNLUCKYBOY.
UNLUCKYBOY.
niceonecyril - 15 Jun 2007 19:25 - 38 of 91
If we get the expected update from Huntington, its a racing certainty as far as
SP goes
SP goes
unluckyboy - 16 Jun 2007 11:16 - 39 of 91
Never mind toledo mining going up to 20 i think oilexco will get there alot quicker.Maybe someone should tell them to switch shares.
unluckyboy - 20 Jun 2007 08:05 - 40 of 91
We are flying.
unluckyboy - 20 Jun 2007 16:48 - 41 of 91
Up 27p today on good news lets hope we can get upto 7~00 soon.
unluckyboy - 25 Jun 2007 10:52 - 42 of 91
Down last week but a move to the main market this week might see the shares going up again, up today 9.5p.
unluckyboy.
unluckyboy.
niceonecyril - 25 Jun 2007 12:51 - 43 of 91
unluckyboy, patience is the name of the game.Profit takers last week brought the SP down some, but thats the stockmarket nothing goes up all the time,makes for
a health market. News will come in the not to distant future of Ptarmigan,which
as we know is a appraisal well before revisiting discovery Shelley for delineation. And then back to our biggy Huntington and whoosh.
a health market. News will come in the not to distant future of Ptarmigan,which
as we know is a appraisal well before revisiting discovery Shelley for delineation. And then back to our biggy Huntington and whoosh.
unluckyboy - 25 Jun 2007 16:51 - 44 of 91
niceonecyril, have you read anything on roxi petroleum been watching for a couple of weeks and noticed a few big companys buying in. up 10 1/2 last week to 65p and up today 7% may be a good one to watch.
unluckyboy
unluckyboy
unluckyboy - 25 Jun 2007 16:55 - 45 of 91
Trading on main market due 29th june just announced after the market had closed.
unluckboy
niceonecyril - 25 Jun 2007 18:52 - 46 of 91
unlucky, no i haven;t researched roxi,although i believe its touted as a new MXP.
Looking at CDL at the moment,good news for OIL about the transfer to main market.
Looking at CDL at the moment,good news for OIL about the transfer to main market.
niceonecyril - 29 Jun 2007 12:49 - 47 of 91
OIL joined the main market today,should help in the long term, though no great rush at the moment.
niceonecyril - 17 Jul 2007 10:15 - 48 of 91
I feel news is just around the corner, with Ptarmigan(appraisal) being drilled at this moment along with Oddjob(exploration). Awaiting results of the 4th well sunk into the Brenda/Nicol proven field.
niceonecyril - 12 Aug 2007 21:16 - 49 of 91
Some news due out anyday now, with so much activity going on? Brenda4th well,
Ptarmigan and now Oddjob all complete (evidence from the movement of rigs
Ocean Gardian and Sedco 712 can be traced via
www.vikingsupply.com/vess_vidar_ref.asp
Also an interview with Jean- Francious Trandiff of Sprott Asset Management on BNN stated he will not be selling but topping up on dips, which is what we've have at this moment.
cyril
Ptarmigan and now Oddjob all complete (evidence from the movement of rigs
Ocean Gardian and Sedco 712 can be traced via
www.vikingsupply.com/vess_vidar_ref.asp
Also an interview with Jean- Francious Trandiff of Sprott Asset Management on BNN stated he will not be selling but topping up on dips, which is what we've have at this moment.
cyril
niceonecyril - 12 Aug 2007 21:25 - 50 of 91
Can't understand why, the above is not working. if you type manually into the address box it should work?
From the info it quite easy to follow, and of course they only move once the
wells are complete.For those not up to speed you might require entering the companies web site.
cyril
From the info it quite easy to follow, and of course they only move once the
wells are complete.For those not up to speed you might require entering the companies web site.
cyril
unluckyboy - 12 Oct 2007 19:07 - 51 of 91
A good rise this week shame about today but cannot grumble.Does anyone know of any reason why it has gone up, are there some results to come out.?
unluckyboy - 16 Oct 2007 09:50 - 52 of 91
Morning all.Something is going on here but nothing is being posted,all i know is that the drilling results are due towards the end of the year.
Started up today @ 50p to 9.10 but slowly coming down hopfully not to far down.
Started up today @ 50p to 9.10 but slowly coming down hopfully not to far down.
hepbuvl
- 18 Oct 2007 18:23
- 53 of 91
I know for a fact the Ptarmigan well wasnt much of a success. Not seen any figures out yet but i've been told the well was a major disapointment.
niceonecyril - 14 Dec 2007 07:38 - 54 of 91
niceonecyril - 31 Dec 2007 11:51 - 55 of 91
Looks to be the best perfomer in the oil section today, recently back in at 620p so pleased with the movement.
cyril
cyril
unluckyboy - 31 Dec 2007 14:10 - 56 of 91
Cyril,
can u explain why the share price went up then short back down again around 12:15pm.
can u explain why the share price went up then short back down again around 12:15pm.
niceonecyril - 31 Dec 2007 20:13 - 57 of 91
Not in then, perhaps at the high someone took a profit, still it finished on a end of day high which i see as positive?
cyril
cyril
required field - 01 Jan 2008 10:56 - 58 of 91
Please correct me if I am wrong, (unluckyboy or niceonecyril), this is listed on the main market, so should be eligible for a Maxi-Isa, I tried to get some last week and it comes up as : not suitable for an Isa, is it me or has my broker got this wrong ?
niceonecyril - 01 Jan 2008 18:15 - 59 of 91
Yes you are correct, i hold mine in a ISA. It qualifies as a duel list company, TSX
and AIM, hope this helps?
Happy 2008 to all.
cyril
and AIM, hope this helps?
Happy 2008 to all.
cyril
required field - 02 Jan 2008 11:40 - 60 of 91
Thanks niceonecyril, I have just spoken to my stockbrokers and they say : no it
cannot be held in an ISA, frankly these rules are a complete mess, some brokers say yes others say no, this need sorting out now, but will it be : I doubt it. There is not even an official list of shares that can be held in a Maxi-ISA.
cannot be held in an ISA, frankly these rules are a complete mess, some brokers say yes others say no, this need sorting out now, but will it be : I doubt it. There is not even an official list of shares that can be held in a Maxi-ISA.
niceonecyril - 12 Jan 2008 10:51 - 61 of 91
niceonecyril - 14 Jan 2008 16:16 - 62 of 91
Presently 684p almost up 6.5%.
cyril
cyril
niceonecyril - 24 Jan 2008 18:31 - 63 of 91
http://broadband.bnn.ca/bnn/?sid=205&vid=27383
need to fast forward just over 11 mins. Shares cheap?
cyril
need to fast forward just over 11 mins. Shares cheap?
cyril
niceonecyril - 04 Feb 2008 09:39 - 64 of 91
niceonecyril - 07 Feb 2008 11:26 - 65 of 91
niceonecyril - 11 Feb 2008 07:18 - 66 of 91
Huntington liiving up to expectations,452ft of oil and enlarged area.
http://www.investegate.co.uk/Article.aspx?id=20080211070004M1452
cyril
http://www.investegate.co.uk/Article.aspx?id=20080211070004M1452
cyril
niceonecyril - 11 Feb 2008 17:14 - 67 of 91
Amazed that so little interest in this stock,one of the best North Sea oil explorers
around. Up 112p (17.5%)today on the latest news of Huntington which is believed
to be the biggest find of late?With several other discoveries producing or near to,
this is a solid company.
cyril
around. Up 112p (17.5%)today on the latest news of Huntington which is believed
to be the biggest find of late?With several other discoveries producing or near to,
this is a solid company.
cyril
required field - 11 Feb 2008 23:00 - 68 of 91
I tried to put some in an Isa a while back, and was told that I couldn't; so now missed out on the rise.
niceonecyril - 12 Feb 2008 09:05 - 69 of 91
RF, thats unfortuate and your broker is wrong as its duel listed(AIM &TSX).
Another share that i hold in my ISA is EEN, which is well undervalued and in is
down again today(must be near bottom)?
aimo
cyril
Another share that i hold in my ISA is EEN, which is well undervalued and in is
down again today(must be near bottom)?
aimo
cyril
niceonecyril - 12 Feb 2008 10:28 - 70 of 91
RF, thats most unfortuate and your Broker is wrong as its duel listed(AIM &TSX).
Another oil company which i hold in my ISA is EEN which imo is well undervalued,
and worth checking out. If your interested check out the thread which gives an
excellent summing up of its Syrian reserves etc, which is to be added to its
producing Colombian assets.
cyril
Another oil company which i hold in my ISA is EEN which imo is well undervalued,
and worth checking out. If your interested check out the thread which gives an
excellent summing up of its Syrian reserves etc, which is to be added to its
producing Colombian assets.
cyril
niceonecyril - 19 Feb 2008 11:23 - 71 of 91
OIL broken through the 8 barrier, now at 818p. A great rise since 21st Jan(4weeks) when it hit a low of 519p.
cyril
cyril
mitzy - 19 Feb 2008 12:04 - 72 of 91
Looks good Robbie Burns has a long target 900p.
niceonecyril - 27 Feb 2008 07:20 - 73 of 91
http://www.investegate.co.uk/Article.aspx?id=20080227070024M6832
Another drilling success for this company, the most active in the N/Sea.
cyril
Another drilling success for this company, the most active in the N/Sea.
cyril
niceonecyril - 25 Mar 2008 22:03 - 74 of 91
niceonecyril - 21 Apr 2008 08:57 - 75 of 91
Making good progress.
cyril
cyril
Eddie Two Sheds - 26 Jun 2008 23:12 - 76 of 91
Moth announcement released after close in Canada. It's good news; very good news.
Should see an RNS here in the morning.
Should see an RNS here in the morning.
Eddie Two Sheds - 27 Jun 2008 07:43 - 77 of 91
was reading another site posts yesterday evening when I spotted it
here it is
http://moneyam.uk-wire.com/cgi-bin/articles/20080627070037M1683.html
here it is
http://moneyam.uk-wire.com/cgi-bin/articles/20080627070037M1683.html
niceonecyril - 14 Aug 2008 07:47 - 78 of 91
unluckyboy - 06 Oct 2008 15:54 - 79 of 91
Didn't see that coming.
unluckyboy - 13 Oct 2008 10:14 - 80 of 91
Cyril, do you think that Oilexco could be a takeover target at this price.
In the Times today it was talking about that some of the smaller oil companies could be taken over as their share price has drop.
Unluckyboy.
In the Times today it was talking about that some of the smaller oil companies could be taken over as their share price has drop.
Unluckyboy.
niceonecyril - 13 Oct 2008 21:21 - 81 of 91
ULB; i'm out of these and have been for sometime and have no idea,but theirs always the possibility that it may happen. They have some great fields with Huntingdon being outstanding, they seem to be having funding problems which would make them vunerable?
cyril
cyril
unluckyboy - 08 Dec 2008 00:51 - 82 of 91
Company up for sale?
ULB.
ULB.
hlyeo98 - 19 Dec 2008 14:47 - 83 of 91
Greatly in debt to the banks...nosediving
hlyeo98 - 19 Dec 2008 15:40 - 84 of 91
DEADLINE SET FOR OILEXCO SOLUTION
North sea oil company Oilexco announced on Wednesday that its banking syndicate and the Royal Bank of Scotland had agreed to provide up to 47.5 million dollars until January 31 to meet its financing needs, in return for cash fees of up to 37.5 million dollars and an equity fee that could amount to a 24.9 per cent stake in the company if it succeeds in brokering a deal that returns any money to shareholders. Oilexco shares have lost 93 per cent of their value in the past six months and fell to 59 pence on Thursday. The announcement follows Oilexco's decision to abandon plans to raise up to 186 million dollars in bonds and shares.
North sea oil company Oilexco announced on Wednesday that its banking syndicate and the Royal Bank of Scotland had agreed to provide up to 47.5 million dollars until January 31 to meet its financing needs, in return for cash fees of up to 37.5 million dollars and an equity fee that could amount to a 24.9 per cent stake in the company if it succeeds in brokering a deal that returns any money to shareholders. Oilexco shares have lost 93 per cent of their value in the past six months and fell to 59 pence on Thursday. The announcement follows Oilexco's decision to abandon plans to raise up to 186 million dollars in bonds and shares.
hlyeo98 - 02 Jan 2009 15:06 - 85 of 91
18.5p now.
halifax - 02 Jan 2009 18:17 - 86 of 91
looks like the first producing oily to go to the knackers yard or should we say RBS's bad debts portfolio?
required field - 02 Jan 2009 18:29 - 87 of 91
Lucky that I did not get some in my Isa...what a disaster !.
Big Al
- 02 Jan 2009 20:02
- 88 of 91
Always a shady outfit IMO. Some of their early releases were complete rocking horse poo!
poo bear
- 04 Jan 2009 22:56
- 89 of 91
Interesting to hear that point of view from you Big Al, (as always).
niceonecyril - 05 Jan 2009 10:12 - 90 of 91
Strange how some have the answers, hindsight fashion?
cyril
cyril
mitzy - 08 Jan 2009 22:28 - 91 of 91
I'm in for a few today worth 20p imo.
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