Oilexco gibt dieses Jahr richtig Gas

Oilexco will earn its 60% interest in Ptarmigan by paying 100% of the costs to drill a three leg appraisal well to original 15/29a-9 discovery well. Upon completion of the appraisal drilling program Oilexco's equity interest partners at Ptarmigan will be as follows: Chevron 28%; Conoco Philips 10%; Gaz de France 2%. Oilexco will be named as operator of Ptarmigan upon completion of the program, subject to approval by the Department of Trade and Industry (DTI). Drilling operations at Ptarmigan are scheduled to commence in the second quarter.

The Ptarmigan oil accumulation is located 15 kilometers southwest of Oilexco's Brenda oil development. Once the appraisal drilling has been completed, Oilexco and its partners will explore all options for early field development including the option of a sub-sea tie-back to the production manifold at Brenda.

"Oilexco is the right kind of company to bring Ptarmigan into production quickly, and we look forward to a successful appraisal program which will allow us to move forward on it with our partners", said Oilexco President & CEO Arthur Millholland.

NORDSEE – Der 14. März 2007 ist Stichtag für den COUNTDOWN!

Am 14. März, also in sechs Wochen, beginnen die Bohrungen im Laurel Valley Gebiet in der Nordsee. ETERNAL ENERGY hat hier mit Oilexco den führenden Partner für Ölexploration in der Nordsee an seiner Seite. Oilexco war zwischen 2004 und 2005 das aktivste Explorationsunternehmen in der Nordsee und ist gerade dabei, das Ölfeld Brenda in Produktion zu bringen.

Das Laurel Valley Projekt von Eternal Energy beherbergt drei potentielle Ölfelder, die jetzt durch das Bohrprogramm auf ihre Wirtschaftlichkeit analysiert werden müssen. Die Tatsache, dass die bekannten Ölfelder Claymore, Scapa (20 km südlich) und Goldeneye (9 km nördlich) in der Nachbarschaft liegen, kann als Indiz dafür gewertet werden, dass weitere wirtschaftliche Ölfelder in der Gegend liegen müssen. Beim Claymore Field alleine wurden bisher bereits 639 Millionen Barrel Öl gefördert. Experten schätzen daher das Potential auf bis zu 600 Millionen Barrel!
Der Rohölanteil an diesem Projekt würde im Erfolgsfall also bei über 3,5 MILLIARDEN (!) US-Dollar liegen.
In der Folge würden positive Resultate  mit Sicherheit das Interesse von einigen Großkonzernen, wie z.B. Shell oder Encana wecken. Diese beiden Unternehmen sind direkte Nachbarn des Projektes und es wäre nur eine logische Konsequenz, aufgrund der „Economies of Scale“, dass diese ein großes Interesse haben müssten, ihre Ölfelder in der Region zu erweitern.  

www.webfilms.ca/quad14-flash.htm

At the company's Brenda/Nicol development the remaining work scope is limited to the laying and connecting of the umbilical between the Brenda manifold and the Balmoral facility. This operation has been delayed due to bouts of severe weather, and vessel availability during weather windows in March. The company's subsea contractor has indicated a subsea installation vessel and dive support vessel are now available to lay and connect the umbilical. This operation is scheduled to commence at the end of next week. Weather permitting, this operation should take three to four days to complete. Commissioning and final inspections of the facilities will then begin allowing oil production from the Brenda and Nicol developments to commence by the third week in April, weather permitting.

"First oil from Brenda and Nicol appears to be within our grasp," said Arthur Millholland, president and chief executive officer of Oilexco. "With this milestone past we can then fully concentrate on our 2007 development at Ptarmigan and our 2007 to mid-2008 development project at Shelley. The long-term drilling contract for the Ocean Guardian is a key piece in our strategy as it and our other long-term contracted rig the Sedco 712 will allow the company to continue its aggressive program of exploration, appraisal and development drilling in the U.K. North Sea well into the future," added Mr. Millholland. "Having these two rigs will allow Oilexco to continue to create significant shareholder value."

Mr. Millholland, PGeo, is the qualified person that has reviewed the technical information contained in this press release.

We seek Safe Harbor.

.

Die letzten Wochen ging es hier nur noch nach oben!!

Die letzten Wochen waren schon echt stark

Aber bei den positiven Chartverlauf, kann man sich schon mal wiederholen

ist mir das 'ss' lieber als das 'ß'. 'Geld in Massen'
ist sicherlich attraktiver als 'Geld in Maßen'!

The discovery well 22/14b-5 was drilled to a total depth of 13,325 feet. The Upper Jurassic Fulmar sand at 12,750 feet was drill stem tested through 101 feet of perforations across 130 feet of oil bearing Fulmar sand. The test flowed 39º API oil up to a maximum rate of 4,624 bbls/d and associated gas at a rate of 1.6 MMcf/d through a 64/64 inch choke with a flowing tubing pressure of 310 psia. There was no water or sand produced during the test. Flow rates were restricted by the test equipment utilized for the test. Preparations for drill stem testing of the Paleocene Forties interval will commence immediately after the suspension of the Upper Jurassic Fulmar zone.

Further appraisal of the Huntington oil accumulations are planned for the fourth quarter using one of Oilexco's two long term contracted semi-submersible drilling rigs. The structures tested by the 22/14b-5 well are significant. This appraisal will confirm the size of the structures which will aid in the definition of potential development solutions going forward.

"We have had an enviable drilling record over the last year", said Oilexco President and CEO Arthur Millholland. "Our success at Sheryl, Shelley, Kildare and now Huntington give us new opportunities to grow the Company. These development opportunities combined with our Ptarmigan project, which is incremental to our Brenda/Nicol Fields, will give Oilexco a significant presence in the UK North Sea well into the future," added Mr Millholland

wäre da zumindest ein teilverkauf nicht mal angesagt...?

vg,
paro

technewsde.blogspot.com

Eine Überlegung ist es auf jeden Fall wert!  

schon jetzt 3% gewinn gesichert...

 

vg, paro

täglich frische news aus trading, forex, internet & sport: hier geht´s zum blog

	Mobile |  Old Site | Home | Products | Help | Contact Us | Your Account | System Status
	Click here for a free 30-day trial subscription to Stockwatch

Home

13:34:12 EDT Thu 14 Jun 2007

Quotes | Charts | News | Indexes | Portfolio | Analytics | Mutual Funds | Forums

Enter Symbol or Name     US Quote News Depth User ID: Save   CA Chart Closes   Password:

Forgot password? Trouble logging in?

Detailed Quote - OILEXCO INC.  - http://www.oilexco.com Sym-X Bid - Ask Last Chg % Vol $Vol #Trade Open-Hi-Lo Year Hi-Lo Last Trade News Delay OIL - T 1.6 13.02 · 13.03 6.9 13.02 +0.46 3.7 1,297.3 16,787 1,514 12.90  13.04  12.87 12.80 4.54  13:13:52 Jun 12 20 min     RT 1.5¢  Trade times are local to the exchange. News times are ET. Bid/ask/vol sizes in thousands. Fundamentals · Holders · Forum ·  Trade Workstation · Market Depth · 3 Month Closes · Technical Charts - 1 Yr |  3 Yr |  5 Yr · Java Charts - Intraday | Historical ·  · Company · 1yr Bulletins · Sedar · Historical · Options · Short · Portfolio Recent Bulletins Date ET Price Type Headline 2007-06-12 01:48  12.22  News Release  Oilexco tests oil at Upper Jurassic Fulmar  2007-06-11 07:18  12.05  News Release  Oilexco begins Brenda, Nicol fields production  2007-06-08 12:13  12.17  News Release  Oilexco to increase credit to $500-million (U.S.)  2007-06-05 17:55  11.32  News Release  Oilexco to drill stem test Fulmar sand  2007-06-01 09:03  11.45  In the News  Post says Oilexco find keeps analysts upbeat  2007-05-31 07:58  11.65  In the News  Globe says Oilexco downgraded after North Sea discovery  2007-05-30 08:54  11.18  In the News  FP says Oilexco North Sea light oil strike causes stir  2007-05-29 09:12  10.80  News Release  Oilexco JV discovers multizone light oil at Huntington  Recent Trades   - Last 10 Time Ex Price Change Volume Buyer Seller Markers 13:13:52  T  13.02          +0.46  200  59  PI  18  Genuity  K  13:13:52  T  13.02          +0.46  300  59  PI  33  Canaccord  K  13:13:32  T  13.02          +0.46  300  14  ITG  2  RBC  K  13:13:32  T  13.02          +0.46  100  14  ITG  33  Canaccord  K  13:11:29  T  13.01          +0.45  100  14  ITG  89  Raymond James  K  13:10:23  T  13.02          +0.46  500  7  TD Sec  2  RBC  K  13:10:23  T  13.02          +0.46  300  7  TD Sec  33  Canaccord  K  13:10:06  T  13.01          +0.45  2,000  1  Anonymous  46  Blackmont  K  13:10:06  T  13.01          +0.45  50  79  CIBC  33  Canaccord  E  13:10:06  T  13.01          +0.45  200  79  CIBC  79  CIBC  K  1 Year Chart for oil Just the Image For Printing

Top         Old Site | Home | Products | Help | Contact Us | Your Account | System Status © 2007 Canjex Publishing Ltd. All rights reserved. Terms of Use, Privacy Policy

14,05 CAD = 9,77918 EUR

http://www.youtube.com/watch?v=XDRSxDXrJ74

zweistellig in frankfurt,

aber ob heute oder morgen

ich habe viel zeit

www.stockhouse.com/bullboards/viewmessage.asp

 

Since Good40 and Gimperial Wolf have such a hard time figuring out where Oilexco is going, I thought I might help them out.

A very fun week for us - UP UP and AWAY. Didnt end as strong as I would like, but all and all it was a beauty. Anyways, here are my thoughts on the technicals.

For a start, lets look at this week - The following graph shows the week broken out in half hour increments. A weak start on Monday morning, with strength coming in the afternoon. Then a beautiful run, new highs on Wednesday and Thursday. Friday was kinda weak, we are currently oversold. I would (sorry to say) expect some weakness on Monday as well - possibly a great entry as low as $14.00 based on the longer term charts below. If we can move on some strength through 14.65 or so, then it signals the uptrend is back on.

So, lets take a look at daily picture for the last three months. The chart is below. Currently looks overbought, but still in a very strong position in that we are well above the moving average and the parabolic SAR is still well in the buy zone. The interesting thing is we look like we have just finished the second up-wave of the so-called Elliot Wave.

The interpretation of the Elliott Wave Theory is as follows:

Every action is followed by a reaction.
There are five waves in the direction of the main trend followed by three corrective waves (a "5-3" move).
A 5-3 move completes a cycle.
This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.
The underlying 5-3 pattern remains constant, though the time span of each may vary.

In the Oilexco chart I have labelled 1, 2 and 3 below. It suggest a re-trace then a run to $16.50 or so.

Elliot waves are interesting (by the way , you can read about them at http://www.investopedia.com/articles/technical/111401.asp ). If you look at the yearly chart for Oilexco (1 week intervals) you see what looks like a very similar pattern emerging. We were in a shallow uptrend, then we broke out of that trend to the upside. Through Phase 1, Phase 2 and into Phase 3 of the Elliot Wave. Target for Phase 3 is at least $17-18 - maybe higher but certainly not lower. Then an even bigger run up in Phase 5.

All of this bullishness is fully supported by the point and figure chart shown below. Even Stockcharts identifies it as a bullish breakout.

SO, all in all Oilexco looks like it may have a bit of a retracement in an overall very bullish trend. It would have to drop below 13 for the trend to be broken. Supporting this is a very bullish chart for West Texas Intermediate. Again, Elliot wave behaviour is shown and we are in the early stages of Good Times. Here is to a great week next week and a strong run all the way to Christmas.

 

Den Seinen gibt's der Herr im Schlaf.

14,90 CAD = 10,5180 EUR

Globe says Stone manager recommends buying Oilexco


aktuell

15,47 CAD = 10,9238 EUR

Hallelu Hallelu Hallelu Halleluja

spürt ihr die sanften schwingen
hat sich das warten nicht gelohnt

15,61 CAD  = 11,0552 EUR

                                   

Live-Mittelkurse mit Stand vom 2007.10.05 15:21:14 UTC.
16,05 CAD Kanada Dollar	=	11,5650 EUR Euro
1 CAD = 0,720561 EUR		1 EUR = 1,38781 CAD

 

 

 

FE Summary document:

http://firstenergy.com/UserFiles/Conf-LON-OIL-2007-10-02.pdf

Brian's Presentation Toronto:

http://remotecontrol.jetstreammedia.com/13919

Art's Presentation London UK:

http://remotecontrol.jetstreammedia.com/14015

 

Bewähre dich, sei stark, hart, klug, und du hast gewonnen.

oilexco steigt auf

tageshoch
jahreshoch
allzeithoch


17,50 CAD    = 12,6157 EUR

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Oilexco's control, including: the impact of general economic conditions in the areas in which Oilexco operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations, therefore Oilexco's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, which Oilexco will derive therefrom. All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future production rates, completion and production timetables and costs to complete wells, and production facilities. These statements are based on assumptions made by Oilexco based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

SOURCE: OILEXCO INCORPORATED
Oilexco Incorporated
Arthur S. Millholland
President
(403) 262-5441
Oilexco Incorporated
Brian L. Ward
Chief Financial Officer
(403) 262-5441
Oilexco Incorporated
Gerry L. Roe
Chief Operating Officer
(403) 262-5441
Oilexco Incorporated
Rob Elgie
Manager Investor Relations
(403) 262-5441
Website: www.oilexco.com
Pelham PR
James Henderson
Managing Director
44 (20) 7743 6673
Pelham PR
Alisdair Haythornthwaite
Associate Director
44 (20) 7743 6676
Canaccord Adams Limited
Clayton Bush
Vice-President
44 (20) 7050 6500
Copyright (C) 2007 Marketwire. All rights reserved.  

15:42 25.10.07

Kulmbach (aktiencheck.de AG) - Für die Experten vom Anlegermagazin "Der Aktionär" ist die Oilexco-Aktie (ISIN CA6779091033/ WKN A0BLM1) ein Kauf.

Per 01. Oktober sei William H. Smith Vizepräsident von Oilexco. Er verfüge über langjährige Erfahrungen im Bereich Equity Finance und Corporate Transactions. Nach der Vermutung der Experten wolle Oilexco versuchen, über Akquisitionen stark zu wachsen.

Für die Experten vom Anlegermagazin "Der Aktionär" ist die Oilexco-Aktie ein Kauf. Das Ziel sehe man bei 18,00 Euro und eingegangene Positionen sollten bei 9,50 Euro abgesichert werden. (Ausgabe 44) (25.10.2007/ac/a/a)  

in meinen Jahresdepotauszug.

 

   

Oilexco Announces Third Quarter Results 11/14/2007

CALGARY, ALBERTA, Nov 14, 2007 (Marketwire via COMTEX News Network) --

Oilexco Incorporated (TSX:OIL) (LSE:OIL) ("Oilexco" or the "Company") is pleased to announce the Company's third quarter results for the three and nine month periods ended September 30, 2007.

The results and associated Management Discussion and Analysis are included below and copies are available at www.oilexco.com and www.sedar.com.

Arthur Millholland, President and Chief Executive Officer, commented:

"The third quarter was a landmark period for Oilexco as the Company achieved record financial results due to the first full quarter of production from the Brenda / Nicol fields. The Company also enjoyed appraisal drilling success on the Huntingdon discovery and made a strategic acquisition in the form of the Balmoral FPV.

"Over the next quarter Oilexco will continue to benefit from increased production and strong commodity prices, and will progress its aggressive development, appraisal and exploration programmes across its portfolio."

Q3 2007 HIGHLIGHTS

Record Financial Results

- Revenue increased to $149.1 million (Q3 2006: $2.2 million)

- EBITDA rose to $118.7 million; $0.55 per share (Q3 2006: ($1.3) million; ($.01) per share)

- Net Income of $54.6 million; $0.25 per share (Q3 2006: $4.7 million; $0.02 per share)

- Average oil prices achieved of $74.14 per barrel (Q3 2006: $70.72)

Production

- First full quarter of production from Brenda / Nicol fields producing a total of 1,767,082 Bbl

- Brenda / Nicol reservoir met or exceeding expectations with production rates reaching a 30,000 Bbl per day peak

- Annual maintenance inspections resulted in 17 days of shut down production. The Company averaged total production of 26,722 Bbl per day from Brenda/Nicol on fully operational days

- Aggregate average daily production for the quarter from all sources was 21,605 BOE, per calendar day

Exploration, Appraisal and Development Drilling

- Purchase of Balmoral FPV is part of Oilexco's strategy to foster growth in the area near the Brenda/Nicol fields

-- Increased ownership provides opportunity to utilize the FPV as a "Processing Hub" for other sources of potential production in the immediate area

- In the quarter appraisal drilling was conducted at the Ptarmigan, Shelley and Huntington oil discoveries

-- Appraisal of the Shelley oil accumulation will be completed shortly and the Company is targeting the first oil in the fourth quarter of 2008

-- Currently engineering a field development scheme for Ptarmigan centered on a production well tie back to the Balmoral FPV

-- At Huntington eight appraisal wells have been drilled to date in the first phase of appraisal drilling, targeting the Paleocene "Forties" oil accumulation

Outlook

- On Huntingdon, appraisal drilling of the Jurassic "Fulmar" oil accumulation will commence shortly and is expected to be completed by the end of December

- Exploration drilling planned for the Morro/Coronado prospect, Block 22/13b, and at Mallory, Block 22/14a, located west and northeast of the Company's Huntingdon discovery respectively

- Appraisal drilling at Bugle targeting the location of the oil/water contact will commence after completion of operations at Morro/Coronado

Q3 2007 RESULTS

The third quarter was Oilexco's first full quarter of production from the Brenda / Nicol fields, which started producing on June 11, 2007. To date the reservoir has met or exceeded expectations with production levels reaching peak rates of over 30,000 Bbl per day. Production from Brenda/Nicol flowed through restricted chokes while artificial lift issues relating to the pumps were attempted to be solved. Production averaged 26,722 Bbl per day for those days when production was not shut down or restricted and totalled 1,767,082 Bbl for the third quarter of 2007. During the quarter the Company experienced some technical difficulties associated with the commencement of an operation of this scale, in July, production from the Brenda/Nicol fields was halted for approximately 17 days for annual maintenance turnaround on the Balmoral FPV, and in August, the Forties Pipeline system was down for annual scheduled maintenance. Additionally, the portion of the Forties Pipeline system servicing the Balmoral FPV experienced throughput restrictions due to maintenance and equipment failure. As a result, Brenda/Nicol production was curtailed for several days to accommodate pro rata restrictions imposed by the pipeline operator. During this time, and as part of good reservoir management practices, the Company adopted an extended evaluation plan in order to assess field and sub-sea system performance and to make adjustments to gradually increase production to targeted levels. Aggregate daily production from all fields for the third quarter was 21,605 BOE per calendar day.

In August, Oilexco signed a Sale and Purchase Agreement ("SPA") with CNR International (U.K.) Limited ("CNR") for the acquisition of CNR's entire interests in the Balmoral Floating Production Vessel ("FPV"); and the Balmoral, Glamis and Stirling fields; and for certain exploration acreage, all located in Block 16/21 in the UK Central North Sea. The purchase price is $50 million and will be subject to closing adjustments for the period between January 1, 2007 and the closing date. Upon closing, the Company will also provide a $63 million letter of credit as part of the decommissioning security agreement for the properties. Closing of the transaction is expected to occur in the fourth quarter 2007, and to be financed through existing Royal Bank of Scotland plc ("RBS") credit facilities. Upon closing, Oilexco's total equity interests in the Balmoral assets will be as follows: Balmoral FPV-78.1%; Balmoral field-78.1%; Glamis field-85.0%; Stirling field-68.7%; Exploration Acreage-85.0%.

The purchase of these assets is part of Oilexco's strategy to foster growth in the area near the Brenda/Nicol fields. The Balmoral FPV processes all the oil from the Company's 100% owned Brenda field and 70% owned Nicol field, and the increased ownership provides Oilexco as Operator, the opportunity to utilize the Balmoral FPV as a "Processing Hub" for other sources of potential production in the immediate area. In the near term the Company will pursue these opportunities to maintain or incrementally increase its production from the area through the "Balmoral Processing Hub", in the long term these opportunities will reduce its overall decline rate from the area. The increased ownership in the FPV combined with operatorship will also allow the Company to reduce its area operating costs by maximizing its operational efficiency by increasing production and vessel throughput.

At Shelley (100% WI), the Company has drilled a total of 14 sidetrack well bores to date in this round of appraisal drilling which commenced in July utilizing the Ocean Guardian. A total of 22 well bores have been drilled by the Company at Shelley to date. This extensive appraisal drilling program at Shelley to define the limits of the oil accumulation is due to the unreliability of seismic data because of the presence of a large shallow gas accumulation. The interference of this gas accumulation has made seismic interpretations unreliable. Appraisal of the Shelley oil accumulation will be completed after production simulation testing of the fourteenth (14th) well bore of this appraisal phase which is currently under way. The Company is targeting first oil from Shelley in the 3rd quarter of 2008 utilizing its contracted FPSO the Sevan Voyageur, which is currently in transit from the Yanti Raffles Shipyard in China to Rotterdam for topsides installation.

In the third quarter appraisal drilling was conducted at the Ptarmigan (Block 15/29b), Shelley (Blocks 22/2b and 22/3a) and Huntington (Block 22/14) oil discoveries. At Ptarmigan (60% WI) the company drilled a five legged appraisal well into an un-appraised Paleocene oil discovery. These well bores were drilled to map the limits of the oil accumulation geologically and to calibrate the seismic data to the interpretation. The Company is currently engineering a field development scheme for Ptarmigan centered on a production well tie back to the Balmoral FPV. This development will occur concurrently with a gas conservation scheme at Balmoral which will eliminate gas flaring. When Ptarmigan is included, gas production is expected to be significantly higher than from current production streams due to higher gas oil ratios at Ptarmigan.

At the Company's 40% owned Huntington oil find located in Block 22/14b which was discovered in June this year, appraisal drilling of the Paleocene "Forties" oil accumulation commenced at the end of August utilizing the Sedco 712. Eight appraisal wells have been drilled to date in this first phase of appraisal drilling which was designed to map the limits of the northwestern half of the "Forties" oil accumulation and to calibrate the seismic data to the interpretation. After production simulation testing of the eighth (8th) appraisal well, appraisal drilling of the Jurassic "Fulmar" oil accumulation will commence. This new well bore will attempt to target the oil/water contact on the flank of the structure well below the elevation tested by the discovery well drilled in the second quarter. This well is expected to be completed by the end of December.

During the quarter the Company conducted exploration drilling on the Oddjob (Block 13/30b) and Constance (Block 21/23a) prospects. The wells were drilled and abandoned as no commercial quantities of hydrocarbons were encountered in either well.

FINANCIAL REVIEW

Oilexco finished the third quarter in excellent financial condition, benefiting from its first full quarter production from the Brenda / Nicol fields, which is reflected in the Company's balance sheet. Revenue for the third quarter 2007 was $149.1 million compared to $2.2 million for the same period a year ago. EBITDA rose to $118.7 million compared to $(1.3) million for the same period in 2006. EBITDA per share for the third quarter 2007 was $0.55 compared to a negative EBITDA per share of $0.01 for the same period a year ago. Net income for the period also increased to $54.6 million compared to $4.7 million for the same period one year ago. Basic net income per share for the third quarter 2007 was $0.25, and diluted net income per share was $0.24 compared to basic net income per share of $0.02 and diluted net income per share of $0.02 for the same period a year ago.

Total assets at the end of the third quarter were $1,049.6 million, an increase from $611.3 million from the year ending December 31, 2006. Current assets as at September 30, 2007 increased to $242.3 million compared to $95.5 million as at December 31, 2006. Property, plant and equipment also increased at the end of the third quarter to $777.2 million compared to $467.7 million as at December 31, 2006. The increase was due to expenditures on exploration and appraisal drilling by two semi-submersible drilling rigs under long term contract, the second of which started in June 2007. As at September 30, 2007, the Company had cash of approximately $59.7 million and net working capital of approximately $149.2 million.

Total liabilities for the Company increased to $486.2 million at the end of the third quarter compared to $322.7 million as at December 31, 2006. Current liabilities at the end of the third quarter decreased to $93.1 million compared to $114.4 million as at December 31, 2006. This decrease is due to a reduction in the current portion of the long term bank loans as at September 30, 2007. Long term debt increased at the end of the third quarter to $372.9 million from $193.3 million at December 31, 2006 due to the completion of the Brenda/Nicol field developments and additional investments in equipment for future developments. Shareholders' equity at the end of the period increased to $563.4 million from $288.5 million as at December 31, 2006, as a result of an underwritten prospectus offering earlier in the year in which a total of 17.25 million shares were issued for gross proceeds of approximately $115 million; an increase in retained earnings compared to a deficit as at December 31, 2006; and an unrealized gain upon translation of consolidated financial statements into the reporting currency.

Revenue for the third quarter 2007 was $149.1 million compared to $2.2 million for the same period a year ago. The increase in revenue is due to increased production as a result of the Brenda/Nicol fields beginning production in June 2007. General and administrative expenses for the third quarter 2007 were $7.2 million compared to $1.4 million for the same period a year ago. This increase was due to costs associated with increased staff levels in the Aberdeen and Calgary offices, and the opening and staffing of a London office. Operating costs were $22.3 million for the period compared to $1.0 million for the same period a year ago. The increase is a result of the apportionment of costs to Oilexco related to increased production from the Brenda/Nicol fields that is processed at the Balmoral FPV. Depletion, depreciation and accretion costs were $44.2 million for the period compared to $0.3 million for the same period in 2006 because of the production from the Brenda/Nicol fields. Interest and bank charges for the third quarter 2007 were $5.7 million compared to $3.5 million for the same period in 2006 due to an increase in the Company's total debt compared to the same period in 2006.

The Company's EBITDA for the three months ended September 30, 2007 is $118.7 million compared to $(1.3) million for the same period in 2006. EBITDA per share for the third quarter 2007 was $0.55 compared to a negative $0.01 per share for the same period a year ago. The increase in EBITDA is due to the revenues from the Brenda/Nicol fields and the resulting net income. Net income was $54.6 million for the third quarter 2007 compared to $4.7 million for the same period one year ago. Basic net income per share for the third quarter 2007 was $0.25, and diluted net income per share was $0.24 compared to basic net income per share of $0.02 and diluted net income per share of $0.02 for the same period a year ago.

The Company experienced a net decrease in cash of $2.8 million for the third quarter 2007 compared to a net decrease in cash of $14.1 million for same period a year ago. The decrease in cash was due to increased investing activities from drilling conducted by the two leased semi-submersible drilling rigs, marking the first time the Company has had two rigs operating for an entire quarter.

In September, the Company achieved "Project Completion" status under its debt facilities with the Royal Bank of Scotland for its Brenda/Nicol fields. The key criterion for receiving this designation from the Royal Bank of Scotland was surpassing total combined net production of 1.56 million barrels of oil from the fields which began production in June 2007. Achieving this status allowed Oilexco greater flexibility with its production revenue and provided enhanced terms for its credit facilities. Subsequent to the end of the quarter, the Company signed an agreement with the Royal Bank of Scotland and its banking syndicate to increase its Senior Credit Facility from US $275 million to US $500 million, which will allow the Company the financial capacity to develop additional fields including Shelley, Huntington and Ptarmigan.

In August the world's financial markets experienced a reduction in confidence in short term credit markets. Oilexco has had, and continues to have, no exposure to these markets. The majority of the Company funds are on deposit at the Royal Bank of Scotland in US dollar and Sterling denominated interest bearing Current Accounts.

OUTLOOK

Over the next quarter the Company is set to benefit from increased production and strong commodity prices. The acquisition of the Balmoral FPV increases both the longevity of the Brenda/Nicol fields and gives Oilexco control in exploiting the prospectivity of the surrounding acreage while managing operating costs.

Exploration and appraisal activity will continue aggressively. For the balance of the year drilling is planned for the Morro/Coronado prospect (72.7% WI) located in Block 22/13b, west of the Company's Huntington discovery; at Mallory located in Block 22/14a, northeast of the Company's Huntington discovery; and at Bugle located in Block 15/23d. At Morro/Coronado, the drilling of a two legged exploratory well targeting oil in the Paleocene Forties sand, in structures analogous to the Huntington discovery, will commence immediately after the Ocean Guardian completes operations at Shelley. At Mallory, Oilexco is participating through a farm-in on a 13,500 foot Fulmar exploratory well to evaluate the structure which is analogous to and on trend with the Company's Huntington discovery. Upon completion of the drilling Oilexco will earn a 16.5% interest in productive zones below the Chalk, which includes the Fulmar sands. This well is expected to commence operations in late November early December. Appraisal drilling at Bugle targeting the location of the oil/water contact will commence after the Ocean Guardian completes operations at Morro/Coronado.

About the Company

Oilexco is an oil and gas exploration and production company active in the United Kingdom. Oilexco's producing properties, exploration and development activities are located in the UK Central North Sea, specifically in the Outer Moray Firth and Central Graben areas. Oilexco operates in the United Kingdom through its wholly owned subsidiary, Oilexco North Sea, a company registered under the laws of England and Wales. Oilexco shares are listed for trading on the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) under the symbol "OIL".

Forward Looking Statements

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Oilexco's control, including: the impact of general economic conditions in the areas in which Oilexco operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations, therefore Oilexco's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, which Oilexco will derive therefrom. All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future production rates, completion and production timetables and costs to complete wells, and production facilities. These statements are based on assumptions made by Oilexco based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

SOURCE: OILEXCO INCORPORATED

Oilexco Incorporated
Arthur S. Millholland
President
(403) 262-5441
Oilexco Incorporated
Brian L. Ward
Chief Financial Officer
(403) 262-5441
Oilexco Incorporated
Gerry L. Roe
Chief Operating Officer
(403) 262-5441
Oilexco Incorporated
Rob Elgie
Manager Investor Relations
(403) 262-5441
Website: www.oilexco.com
Pelham PR
James Henderson
Managing Director
44 (20) 7743 6673
Pelham PR
Alisdair Haythornthwaite
Associate Director
44 (20) 7743 6676
Canaccord Adams Limited
Clayton Bush
Vice-President
44 (20) 7050 6500
Copyright (C) 2007 Marketwire. All rights reserved.

 

OILEXCO INCORPORATED

LSE: OIL
TSX: OIL

Nov 15, 2007 17:21 ET

Oilexco Announces Senior Management Changes

CALGARY, ALBERTA--(Marketwire - Nov. 15, 2007) - Oilexco Incorporated ("Oilexco" or "the Company") (TSX:OIL) (LSE:OIL) announces several changes to its senior management. The Company's Chief Operating Officer, Mr. Gerry Roe, has retired from his position with the Company, but will continue to be a Director of Oilexco North Sea Limited, a wholly owned subsidiary of Oilexco Inc, and will also act as a consultant to the Company and its Chief Executive Officer, Mr. Arthur Millholland. Mr. Michael Cairns has resigned from his position as Vice President, Corporate Development, but will continue to consult with the Company until the end of the year.

"Gerry has done a phenomenal job for the Company", said Arthur Millholland, Oilexco's Chairman and CEO. "His leadership, experience and knowledge played a large role in developing Oilexco into the $4 billion company it is today. All of us in the Company thank Gerry and Michael for their years of dedication and sacrifice, and we wish them the very best", he said.

Mr. Rod Christensen has been appointed to Senior Vice President, Exploration and Development, and Mr. David Marshall has been appointed to Senior Vice President, Operations and General Manager of Oilexco North Sea Ltd. Mr. Bob Chenery has been appointed to Vice President, Corporate Development, and Ms. Kim Galavan has been appointed to Vice President, Administration UK. Mr. Chenery previously co-founded and led Chenery Dobson Resource Management Ltd, an evaluation firm specializing in evaluating and managing assets in the oil and gas industry.

At the current time, the position of Chief Operating Officer remains vacant with the responsibilities being shared among Mr. Arthur Millholland, Mr. Rod Christensen, and Mr. David Marshall.

About the Company

Oilexco is an oil and gas exploration and production company active in the United Kingdom. Oilexco's producing properties, exploration and development activities are located in the UK Central North Sea, specifically in the Outer Moray Firth and Central Graben areas. Oilexco operates in the United Kingdom through its wholly owned subsidiary, Oilexco North Sea, a company registered under the laws of England and Wales. Oilexco shares are listed for trading on the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) under the symbol "OIL".

Forward Looking Statements

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Oilexco's control, including: the impact of general economic conditions in the areas in which Oilexco operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations, therefore Oilexco's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, which Oilexco will derive therefrom. All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future production rates, completion and production timetables and costs to complete wells, and production facilities. These statements are based on assumptions made by Oilexco based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

 

vieleicht kommt das Öl nochmal hoch :-))

die wissen was, was ich net weiß :-))

www.oilexco.com/upload/news/233/01/...orate-share-dealings.pdf

und was genau willste uns nun damit sagen ??

Ein "positives" Signal vom Manager - oder wie....
Ein kleiner Kommentar zu einem Link wäre immer super - sonst haben wir bald nur noch Link Posts

:)

Danke und Gruß

außerdem ist der link schon 3 Wochen alt,seitdem Oilexco bei TSX rausgeflogen ist tut sich da nicht wirklich viel,
außerdem gibts weit bessere Zockeraktien aus dieser Branche...........

welchen zock kannst Du empfehlen?

kann ich hier nicht so schreiben,da ich keine Kaufempfehlung im Forum abgeben darf......

Eigentlich sollte ja jeder selbst wissen wo er investiert,aber vieleicht ist das ja interessant.........................da ist noch viel Luft nach oben
de.finance.yahoo.com/...values=0;logscale=off;source=undefined

wir können uns ja dann im Forum zu dieser AKt. weiterunterhalten..........................................

wie kommst du denn darauf? In 1-2 Jahren vieleicht.
Die letzten Käufe in London und Kananda die den Kurs hochgetrieben haben ,waren doch alles Insiderkäufe.
................. hier kannst Du auf Kurze Sicht nichts verdienen.

ich gehe davon aus das wir anfang april die 0,20€ haben werden, wenn nicht mehr...
natürlich bei positiven news

aktien.wallstreet-online.de/11443/...33&spid=ws&edit=1

Der Handelsvolumen ist unheimlich nach oben gestiegen.
Kanada -> gestern 17.222.614!!!!

Auf stockhouse.com gibts Geruechte dass Oilexco verkauf/uebernommen wird...

Checks mal hier:
www.offshore247.com/news/art.aspx?id=13276

Jemand hat gerechnet
$505 million / 223million shares = $2.26 per share -> also $2.26 pro aktie!!!!

www.premier-oil.com/render.aspx?siteID=1&na

Das hab ich gerade gefunden!!!!

www.ad-hoc-news.de/...nt--/de/Unternehmensnachrichten/20128226

Wie der Konzern am Mittwoch erklärte, wurde eine Vereinbarung zur Übernahme des in der Nordsee tätigen Oilexco North Sea Ltd. (ONSL) getroffen. Dabei wird Premier Oil insgesamt 505 Mio. Britische Pfund (GBP) in bar für die Akquisition des in der britischen Norsee tätigen Öl- und Erdgasexplorers bezahlen. Damit will sich der britische Ölkonzern im Segment Exploration & Production neben seinen Aktivitäten in Asien geographisch ein zweites Standbein schaffen. Insgesamt erhöhen sich die Ölreserven im Zuge der Übernahme um rund 60 Millionen Barrel of Oil Equivalent (BOE), wobei sich die geschätzten Reserven der insgesamt 15 Explorationsstandorte von ONSL auf ungefähr 385 Millionen BOE belaufen.

In Zusammenhang mit der Übernahme kündigte der Konzern außerdem eine Kapitalerhöhung im Gesamtwert von 171 Mio. GBP an. Dabei können Aktionäre des Konzerns für jeweils neun gehaltene Aktien vier neue Aktien zu einem Kurs von 485 Pence je Aktie beziehen, was einem Abschlag von mehr als 40 Prozent gegenüber dem jetzigen Kurs der Aktie entspricht.

Hier alle Details zu Transaktion!!

www.londonstockexchange.com/LSECWS/...d=2119979&source=RNS

-> Transaction expected to complete in May 2009


und hier zum nachlesen was Oilexco sagt:
www.londonstockexchange.com/LSECWS/...d=2120464&source=RNS

485 Pence je Aktie ist zu wenig!!!

hat sicher viele von uns getroffen.
Nun werde ich erst einmal die Entwicklung abwarten, obwohl diese recht klar aufgezeigt wurde. Das Angebot von 485 Pence entlockt mir eher ein wirres Grinsen als Akzeptanz.

von Hobrechtsfeld

Übersetzung Google
translate.google.de/...;sl=en&tl=de&hl=de&ie=UTF-8

Die folgenden Stammaktien ohne Nennwert jeder in der Gesellschaft ( "Aktien") wurden im Rahmen der Oilexco Incorporated UK 2008 Ap-Aktie erwies sich Ince ntive Plan an der London Stock Exchange. Partnership Shares were purchase d by the Director/PDMR as listed below , Matching Shares were acquired at nil cost pursua nt to the Approved Share Incentive Plan and will be held in Trust. Partnerschaft Kauf d Die Aktien wurden durch den Direktor / PDMR wie unten aufgeführt, Matching-Aktien wurden auf null Kosten pursua NT mit dem genehmigten Share Incentive Plan und wird im Trust.

ORIGINAL NEWS
www.investegate.co.uk/Article.aspx?id=200903261730255747P

www.oilexco.com/upload/news/239/01/...-voting-rights-march.pdf

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Oilexco's control, including: the uncertainty of court proceedings under the Companies' Creditors Arrangement Act (Canada), the impact of general economic conditions in the areas in which Oilexco operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations, therefore Oilexco's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, which Oilexco will derive therefrom. All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future production rates, completion and production timetables and costs to complete wells, and production facilities. These statements are based on assumptions made by Oilexco based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. On January 7, 2009, Oilexco's wholly-owned subsidiary Oilexco North Sea Limited was subject to an order from the UK court appointing Administrators under the UK Insolvency Act. On February 5, 2009, the Company obtained a court order for protection under the Companies' Creditors Arrangement Act (Canada).

Published Date: 16 April 2009
CREDITORS of Oilexco North Sea yesterday approved a company voluntary arrangement (CVA) that will help in the sale of the business to Premier Oil, Oilexco's administrators said.

Oilexco North Sea – a subsidiary of Canadian group Oilexco Incorporated – slid into administration in January.

Roy Bailey, Alan Bloom, Tom Burton and Colin Dempster of Ernst & Young (E&Y) were appointed joint administrators.

Oilexco, which has about 100 staff in Aberdeen and offshore, was labelled as the first North Sea casualty of the credit crunch after its banks refused further lending to ease its finance woes.

Premier Oil last month agreed to buy Oilexco, which operates oil fields in the North Sea, including Brenda and Nicol. E&Y expects the sale to be completed next month.

A CVA is an agreement reached between a firm and its creditors on the payment of debts over a period.


business.scotsman.com/business/...orth-Sea-sale-one.5174708.jp

ich denke es  ist zeit sich ein paar stuck in depo zu legen... vor allem bei dem kurs

bei dem Kurs (< 0,06) wage ich auch einen kleinen Zock.

... schwupps auf 0,07 geklettert

Premier wins backing for Oilexco deal

View Gallery
Published Date: 21 April 2009
By Hamish Rutherford
PREMIER Oil was yesterday given overwhelming support for its plan to snatch a larger position in the North Sea, after more than 99 per cent of shareholders approved its proposed acquisition of the local assets of Oilexco.
The London-based group is paying £347 million to buy the North Sea assets of Canadian company Oilexco Incorporated after they were placed into administration earlier this year. The move did not affect the parent company.
Premier shareholders approved the plan, along with a rights issue to part fund the
deal, with all of the resolutions at the extraordinary general meeting gaining more than 99 per cent approval. Premier, which also operates widely in Asia, had stated that building a larger position in the North Sea was a key focus for the business.

Chairman Sir David John said the company was "delighted" by the support for its plans, predicting the deal would be completed by the end of the month.

Last week, creditors of the Oilexco subsidiary gave approval to a company voluntary arrangement which cleared the way for the Premier deal. Shares in Premier, a member of the FTSE-250 index, fell 2.7 per cent to 1,195p.

The acquisition is the second major deal for a distressed North Sea producer given approval this month, after shareholders in Bow Valley Energy approved the firm's takeover by Aberdeen-based Dana Petroleum.

Analysts have predicted that a fall in commodity prices will accelerate consolidation among North Sea operators, with small companies which struggle to raise capital to develop assets forced into sales.

There has also been interest in some of the larger North Sea companies, with Centrica, owner of British Gas, buying a 23.6 per cent stake in Aberdeen-based Venture Production last month.

Ich überlege hier ein wenig Geld zu investieren, bin mir aber durch die ganzen News nicht wirklich sicher, wo es in den nächsten Wochen hingeht.
Kann mir da jemand abhilfe leisten?

Gruß

www.investegate.co.uk/Article.aspx?id=200904221513009969Q

diese Firma hat Insolvenz angemeldet............,das sagt doch genug..........

eine insolvenz heisst aber nicht dass die firma weg von fenster ist...
es kann auch ein neu anfang sein...

Oilexco Incorporated
11th of May 2009
Total Voting Rights
London, United Kingdom, May 11, 2009 - Oilexco Incorporated ('Oilexco' or 'the Company') (LSE: OIL; TSX: OIL) would, for the purposes of the Financial Services Authority's Disclosure and Transparency rules, like to notify the market of the following:
As at 30th of April the Company's issued share capital consists of 223,832,827 shares, each with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 223,832,827. The above figure of 223,832,827 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.
www.oilexco.com/upload/news/247/01/...-total-voting-rights.pdf

1,00 EUR (108,00%)
Aktueller Kurs vom 15.05.09
0,09 EUR (-81,00%)
www.mystocks.de/analysen/OILEXCO-INC/...ige-Spekulanten/24158/

www.nationalpost.com/related/topics/story.html?id=1426159

....darf ich fragen was das soll???

die ein Euro Prognose wurde am 23.12.08 gepostet!!!
Meinst Du es ist noch aktuell?

Keine Kauf Empfehlung!!

before end May
LONDON, May 19 (Reuters) - Premier Oil PLC: (News)

* Acquisition of oilexco (News) North Sea limited due to complete before end may

* Overall indonesian production is in line with expectations

* Production from oilexco North Sea fields is around 13,000 boepd, process of

assimilating the operations is well under way

* Capital expenditure on development projects in 2009, including spend on

oilexco projects, is estimated at $250 million

* Exploration spend on premier's portfolio for 2009 is forecast to be $120

www.finanznachrichten.de/...to-complete-before-end-may-020.htm

CALGARY, ALBERTA--(Marketwire - May 20, 2009) - Oilexco Incorporated ("Oilexco" or "the Company") (TSX VENTURE:OIL) (LSE:OIL) advises that Mr. Brian Ward is no longer serving as the Company's Chief Financial Officer. Aleksandra Owad, Oilexco's Chief Accounting Officer, has been appointed interim CFO.

About the Company

Oilexco shares are listed for trading on the TSX Venture Exchange (TSX-V) under the symbol "OIL".

Forward Looking Statements

All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements involve substantial known and/or unknown risks and uncertainties, some of which may be beyond Oilexco's control, including: the uncertainty of court proceedings under the Companies' Creditors Arrangement Act (Canada), the impact of general economic conditions in the areas in which Oilexco operates, civil unrest, industry conditions, changes in laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As such, caution should be exercised by the reader wherever forward looking statements are made. On January 7, 2009, Oilexco's wholly-owned subsidiary, Oilexco North Sea Limited ("ONSL"), was subject to an order from the UK court appointing administrators. The assets held within ONSL comprised nearly all the assets held by the parent company, Oilexco Inc. On March 25, 2009, the Administrators announced that an agreement had been reached with an outside party to purchase ONSL. The Company is currently under a court order for protection under the Companies' Creditors Arrangement Act (Canada).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

www.marketwire.com/press-release/...orated-LSE-OIL-992997.html

www.finanznachrichten.de/...lexco-appoints-interim-cfo-020.htm

All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements involve substantial known and/or unknown risks and uncertainties, some of which may be beyond Oilexco's control, including: the uncertainty of court proceedings under the Companies' Creditors Arrangement Act (Canada), the impact of general economic conditions in the areas in which Oilexco operates, civil unrest, industry conditions, changes in laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As such, caution should be exercised by the reader wherever forward looking statements are made. On January 7, 2009, Oilexco's wholly-owned subsidiary, Oilexco North Sea Limited ("ONSL"), was subject to an order from the UK court appointing Administrators. The assets held within ONSL comprised nearly all the assets held by the parent company, Oilexco Inc. On March 25, 2009, the Administrators announced that an agreement had been reached with an outside party to purchase ONSL. The Company is currently under a court order for protection under the Companies' Creditors Arrangement Act (Canada).

www.marketwire.com/press-release/...SX-VENTURE-OIL-993401.html

Oilexco was advised by the Administrator for Oilexco North Sea Limited (ONSL) that the sale of ONSL, the discharge of the Administrative Order, and the implementation of the Company Voluntary Arrangement occurred at 10:00 am GMT today.

On January 7, 2009, Oilexco's wholly-owned subsidiary, Oilexco North Sea Limited ("ONSL"), was subject to an order from the UK court appointing Administrators. The assets held within ONSL comprised nearly all the assets held by the parent company, Oilexco Inc. On March 25, 2009, the Administrators announced that an agreement had been reached with an outside party to purchase ONSL. The Company is currently under a court order for protection under the Companies' Creditors Arrangement Act (Canada).

www.rigzone.com/news/article.asp?a_id=76412&rss=true

May 25, 2009 18:20 ET

www.marketwire.com/press-release/...SX-VENTURE-OIL-994403.html

Oilexco provides its fourth bi-weekly Default Status Report as per National Policy 12-203 - Cease Trade Orders For Continuous Disclosure Defaults. Since the previous announcement issued May 11th, the Company reports that no material changes have occurred. The Company continues to develop a re-organization plan.

Oilexco Inc. intends to issue the next default status report on June 8, 2009 if the year end regulatory documents are not filed before this date.

www.rigzone.com/news/article.asp?a_id=76515&rss=true

www.finanznachrichten.de/...co-receives-ccaa-extension-020.htm

creditor protection to July 7

CALGARY - An Alberta court has extended creditor protection for Oilexco Inc. (TSXV:OIL) by 5 1/2 weeks to July 7 but denied its request for permission to participate in the drilling of a well in the U.K. North Sea.

Oilexco said the Royal Bank of Scotland PLC, strongly opposed the its application to participate in the drilling and expressed its desire to initiate a bankruptcy application against the Calgary-based company.

A syndicate of lenders headed by RBS declined in late December to provide more funding to Oilexco North Sea Ltd., a wholly owned subsidiary, which subsequently got creditor protection in January.

Oilexco itself has been under bankruptcy protection in Canada since Feb. 5 after lenders lead by RBS demanded the immediate payment of all amounts outstanding under a US$547.5-million credit line and a 100-million-pound credit facility of Oilexco North Sea.

In March, Premier Oil agreed to pay up to $505 million for Oilexco North Sea, if the company comes to an arrangement with its creditors, or $415 million if Oilexco's creditors don't agree.

Oilexco said Wednesday that it continues efforts to restructure under court protection.

"While the court rejected the company's request to participate in the drilling of a well, the court stated that it supports a successful reorganization," Oilexco said.

It shares traded at 8.5 cents on the TSX Venture Exchange.
www.canadianbusiness.com/markets/...markets&utm_medium=rss

London, United Kingdom, June 4, 2009 - Oilexco Incorporated ('Oilexco' or 'the Company') (LSE: OIL; TSX: OIL) would, for the purposes of the Financial Services Authority's Disclosure and Transparency rules, like to notify the market of the following:

As at 31st of May the Company's issued share capital consists of 223,832,827 shares, each with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 223,832,827. The above figure of 223,832,827 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules

www.investegate.co.uk/Article.aspx?id=200906041121543665T

Was hier noch passieren kann???

Bin mir auch nicht sicher, wo der Weg hinführen wird. Es juckt mir aber schon länger in den Fingern auf buy zu drücken. Habe bis dato aber noch keine gekauft. Werde aber weiter beobachten und vielleicht noch zur gegebenen Zeit investieren.


www.marketwire.com/press-release/...X-VENTURE-OIL-1007478.html

Gruß

dank für die Antwort.... ich bleibe auch mal am Ball und schau mal wo der Weg hinführt
Gruß

......ganz schön heiße kiste hier! Was meint ihr?

verbrennt. Ich werde noch ein wenig Zeit ins Land gehen lassen und wenn der Kurs noch weiter gen Süden zieht werde ich mir überlegen eine kleine Position zu kaufen. Mal sehen wie sich der Wert die nächsten Tage entwickelt.

Gruß

All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements involve substantial known and/or unknown risks and uncertainties, some of which may be beyond Oilexco's control, including: the uncertainty of court proceedings under the Companies' Creditors Arrangement Act (Canada). As such, caution should be exercised by the reader wherever forward looking statements are made. On January 7, 2009, Oilexco's then wholly-owned subsidiary, Oilexco North Sea Limited ("ONSL"), was subject to an order from the UK court appointing administrators. The assets held within ONSL comprised nearly all the assets held by the parent company, Oilexco Incorporated. On March 25, 2009, the Administrators announced that an agreement had been reached with an outside party to purchase ONSL and the purchase transaction closed on May 21, 2009.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ich persönlich glaube an diese Aktie....Nur meine Meinung! Sie kommt ganz sicher zurück:_))
Ich bin seit 8 Monaten dabei und habe leider teuer eingekauft!!!! Aber Sie kommt zurück da^Bin  mir sicher:-)))

oder nur die letzten Zuckungen?

Also mal ehrlich , lohnt es sich noch für ein Zock oder nicht?

es gibt ja nur zwei möglichkeiten

1. ma wird reich .....wenn die aktie kommt dann geht sie wieder über eins zwei euro
2. das geld ist weg

was meint ihr? mal mit zwei drei tausend euros rein , und Augen zu und durch ?

Jeder wie er/sie will. Ich beobachte dieses Papier schon eine Ewigkeit und bin immer noch nicht investiert.
Habe auch nicht wirklich einen Schimmer, was ich von der Aktie halten soll. Es gibt einfach zu wenig Info`s.

Wenn der Wert aber noch weiter fällt, werde ich mit einer kleinen Position einsteigen. Mit Sicherheit aber nicht mit zwei oder gar drei k Euro.

Gruß

Weiss hier jemand mehr? starker umsatz heute?

www.oilexco.com/upload/news/260/01/...fault-report-oilexco.pdf

Oilexco remains subject to an order under the Companies’ Creditors Arrangement Act (Canada). Since the previous default status report issued July 6th, the Company developed a plan of re-organization that was presented to a number of its creditors, but was subsequently rejected. As such, the Company received a court order on July 16th permitting it to liquidate its remaining assets and distribute the net proceeds to its creditors. The liquidation is expected to conclude by September 30, 2009.

in US und CDN foren wird über eine übernahme spekuliert....

aber noch aktuell ?
Premier Oil gibt Übernahme bekannt
Premier Oil Ls. -  
PREMIER OIL. 14,00
London (aktiencheck.de AG) - Der britische Öl- und Erdgaskonzern Premier Oil plc (ISIN GB0033560011 / WKN 358117) hat seine Marktposition durch einen Zukauf weiter verstärkt.

Wie der Konzern am Mittwoch erklärte, wurde eine Vereinbarung zur Übernahme des in der Nordsee tätigen Oilexco North Sea Ltd. (ONSL) getroffen. Dabei wird Premier Oil insgesamt 505 Mio. Britische Pfund (GBP) in bar für die Akquisition des in der britischen Norsee tätigen Öl- und Erdgasexplorers bezahlen. Damit will sich der britische Ölkonzern im Segment Exploration & Production neben seinen Aktivitäten in Asien geographisch ein zweites Standbein schaffen. Insgesamt erhöhen sich die Ölreserven im Zuge der Übernahme um rund 60 Millionen Barrel of Oil Equivalent (BOE), wobei sich die geschätzten Reserven der insgesamt 15 Explorationsstandorte von ONSL auf ungefähr 385 Millionen BOE belaufen.

In Zusammenhang mit der Übernahme kündigte der Konzern außerdem eine Kapitalerhöhung im Gesamtwert von 171 Mio. GBP an. Dabei können Aktionäre des Konzerns für jeweils neun gehaltene Aktien vier neue Aktien zu einem Kurs von 485 Pence je Aktie beziehen, was einem Abschlag von mehr als 40 Prozent gegenüber dem jetzigen Kurs der Aktie entspricht.

Die Aktie von Premier Oil gewinnt aktuell 13,03 Prozent auf 1.076,00 Pence. (25.03.2009/ac/n/a)

hier niemand mehr über die aktie ? infos ? news ?

in den US foren wird viel und wild spekuliert

einige erwarten news 

andere erklären Kursanstieg mit Steuerrückzahlungen oder das RBS und UK wieder einsteigen bzw. Gläubiger beschwichtigen...

andere übernahme und das Oilexco schuldenfrei ist.

dazwischen pusher und basher

es ist leider noch viel zu früh um genaueres zu sagen.

Bemerkenswert ist dennoch. Das Volumen ist von 100.000 täglich in den letzten wochen , gestern auf 220Mio angeschwollen ist.    

 

Monatg wird auf jeden Fall spannend denn am 30.9. wird liquidiert und delisted.

was los in berlin? schon alle in den feierabend gegangen?

super, endlich im plus und dann sowas...

wie??? wenn ich nicht in Berlin verkaufen kann dann wo sonst???
was passiert wenn ich nicht verkaufe bis 30.09??? Sind meine aktien dann gar nichts wert?

verkaufen. Die Aktie ist dann aber abhängig von der Stückzahl nicht mal die Order wert. siehe Atherogenics. 

OILXF ist ausgesetzt weil die seit dem 20.7. keinen Statusreport geliefert haben.

Aber wie man den US foren entnimmt scheint OILEXCO ein neues Symbol zu bekommen. Die Frage ist nun ob wir als Altaktionäre neue Aktien bekommen.

Es ist alles sehr, sehr strange.

ich hab auch noch ein paar Depotleichen von oilexco und hab mich deshalb gestern mal per email an meine comdirect gewandt.
Sinngemäß bekam ich heute gleich die Antwort:
"der Handel ist in Berlin ausgesetzt. Offensichtlich läuft ein Insolvenzverfahren".

was mich jedoch verwundert, ist der heutige Handel an der Nasdaq.

Hat jemand nähere Infos? Danke.

Further to TSX Venture Exchange Bulletin dated September 18, 2009,
effective at the opening, trading in the shares of the Company will remain
halted for failure to maintain Exchange requirements, the Company having
terminated the services of Computershare, the Company&#39;s Transfer Agent. 
http://www.newswire.ca/en/releases/archive/September2009/23/c8229.html entweder wir erleben einen reborn oder das ding bleibt eine depotleiche  

so, hab jetzt nochmals bei comdirect nachgehakt.
Die Jungs haben keine Ahnung, ob und wann in Berlin nochmals gehandelt wird.

Meine paar Aktien könnte ich jedoch direkt in Kanada verkaufen. Die Gebühren würden hierfür ca. 30 Euro + Mehrwertsteuer betragen.
mhhhh...

Hat irgend jemand eine Ahnung was nun mit unseren Aktien passiert?
Ich finde nirgends Neuigkeiten...
Vielleicht kann mir ja jemand weiterhelfen.
Danke schon mal

Gruß Nolo

www.stockhouse.com/Bullboards/...aspx?s=OIL&t=LIST&r=0

warum wird eigentlich nicht mehr gehandelt????????????

Da GrB

von soeiner Messung hab ich noch nie gehört!

Wahnsinn !

wird mal wieder Zeit für neue Wische

Ich beobachte seit paar Tagen das die Aktien wieder gekauft bzw gehandelt werden... geht da was vielleicht doch noch???

kann man bei Berlin handeln.

Warum sollte die Aktie nun wieder handelbar sein? Tut sich da was oder ist das ein Automatismus aufgrund des erneuten Listings an der TSX...

in Berlin kann doch überhaupt nicht gehandelt werden?????????

Habt Ihr auch die Post bekommen, das Oilexco übernommen wird??? Und was kommt jetzt???  Kennt jemand das neue Unternehmen? Und wie stehen die Chancen für Oilexco?
Ich finde im gesamten Netz keinerlei Infos:-(( Weiß jemand mehr? Ich bin über jede Info Dankbar...

Grüsse aus Franken
Nolo