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Oilex Ltd raises funds to take full control of Indian gas project

Oilex raises funds to take full control of Indian gas project
A look at the major movers on the London market on Wednesday
Oilex Limited (LON:OEX) has seen its shares gush up after it finalised the funding to take full control of an Indian gas project, something it has been trying to do for more than four years.
It has wanted to buy the 55% of the Cambay field it does not own since 2016 but it got into a spat with its partner - the state-backed Gujarat State Petroleum Corporation Limited (GSPC) - over expense payments which at one point went to an Indian court. ....

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Oilex confirms acquisition funding

The board of Oilex Limited has arranged the funding required to complete the acquisition of GSPC s 55% participating interest (PI) in the Cambay PSC.
This follows the announcement on 6 April 2021, in which, the company announced that GSPC had provided notification that it had approved the sale of its 55% PI in Cambay to Oilex for the purchase price of US$2.2 million.
Following completion of the transaction, Oilex will hold a 100% participating interest in Cambay, and this will provide Oilex with the ability, subject to sourcing the necessary additional funding, to restart field work including a work programme, consisting of the drilling of two vertical wells to appraise the Eocene gas accumulation. ....

Joe Salomon , Novum Securities , Oilex Ltd , Oilex Limited , Novum Securities Limited , ஓஹோ சாலமன் , புதிய பத்திரங்கள் , புதிய பத்திரங்கள் வரையறுக்கப்பட்டவை ,

Oilex Ltd raises funds to take full control of Indian gas project

Oilex Ltd raises funds to take full control of Indian gas project
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Mining, Minerals & Metals PLC slumps as it takes its time over its first acquisition

Mining, Minerals & Metals PLC slumps as it takes its time over its first acquisition
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Oilex Ltd Announcements | Oilex Ltd: Series C Loan Extension

A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ....

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