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RHEP Rheochem

14.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rheochem LSE:RHEP London Ordinary Share GB00B02YHV99 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Rheochem Share Discussion Threads

Showing 2451 to 2474 of 2475 messages
Chat Pages: 99  98  97  96  95  94  93  92  91  90  89  88  Older
DateSubjectAuthorDiscuss
27/4/2011
10:31
Following the sale of the fluids business and the change of company name to Lochard Energy Group plc .... and the change of EPIC to LHD ... I have just started a new topic :-



I suggest that discussions are carried on there in future.

lizzie ii
21/4/2011
09:03
Completion of disposal:-



Payment of consideration

The maximum consideration payable to Rheochem in respect of the Disposal is A$45 million (subject to adjustment in certain circumstances). The consideration is payable as follows:

(1) a single payment of A$23.75 million (approx GBP14.8 million) on completion of the transaction (adjusted for working capital following completion); and

(2) subsequent earn-out payments up to A$21.25 million (approx GBP13.2 million) conditional on EBITDA of the Drilling Fluids Business for the period between 1 March 2011 and 29 February 2012 exceeding agreed levels.

Haydn Gardner, Chief Executive Officer of Rheochem Plc said:

"I am very pleased to announce the completion of this Disposal. The Company is now focused purely on oil and gas exploration and production. The sale of the fluids business unlocks significant value for shareholders and allows us to meet our commitments on the Athena field through to first oil production which is expected later this year. A new website to showcase our oilfield assets is currently under construction and is expected to be operational shortly."

cwa1
18/4/2011
23:22
Late RNS today from IAE with an update on Athena:

'At the Athena development, drilling of the final development well, 14/18b-A2, is progressing on schedule. The well has been directionally drilled to the north west of the field and is now entering the top reservoir (Top
Scapa A sands) at 8,900 feet true vertical depth subsea ("TVDSS") drilling in a sub horizontal section. A final planned horizontal section of the well will be drilled from approximately 9,100 TVDSS. As scheduled, the remaining drilling and completion of the well as a producer is expected to take approximately 40 days.'

coscos
18/4/2011
14:19
I am getting much higher quotes even for 1000 shares. I really hope this tops out and drops back down to 15p so I can build a little bit more. Happy to try and take this to one of my core 3 biggest holdings, but would like to do so below 16p.
p bear
18/4/2011
09:49
this is a no-brainer...patiance is the key here...
ronson333
18/4/2011
09:45
Dislike using the following statement but may be an indication of
better pricing to come, only able to get a quote to buy 1000 shares,
1001 gets bounced.

giant steps
18/4/2011
07:16
Nice gentle 7% rise in Oz last night.
cwa1
15/4/2011
12:01
Reminds me of encore oil at 15p, very little interest and then wooosh !
giant steps
15/4/2011
11:58
Yes production in 4Q, but the final well should be completed towards the end of May and I assume will be tested, and will also appraise the area to the North so we may get an RNS showing at least 5000bpd at that time, which can only be good for the share price

4 wells, 1 injector, 22000bpd initial production, 10% to Zeus, cost now covered by the sale of the Oz business which will also see bank debt paid off and leave A$3.5m cash.

Cash and deal with PSG for 3D on other license areas should I hope mean no dilution before revenue from Athena.

Although this is a far smaller resource in terms of relative value, like XEL before it took off, it does seem a no-brainer or am I barking up the wrong tree.

bandflex
15/4/2011
10:56
Top up time,methinks
addict
15/4/2011
09:59
Reminder - production scheduled for Q4 2011

"
Once Athena comes into production, the Company expects the first year revenue from its share of production to be more than A$60 million compared with the A$20.4 million revenue received from the Drilling Fluids Business in 2009/2010.
"

giant steps
15/4/2011
09:54
Excellent news, resolutions passed, [ new oiler seems to be off radar !]

15th April 2011

giant steps
14/4/2011
10:13
just bought some more
ntv
14/4/2011
09:28
guys whats the percentage profit on this in 12 months 300% ?
chrisoil
14/4/2011
08:47
Birth of Lochard Energy nears,
Zeus revenue $60m/yr starting late 2011 not to be ignored

Meeting tomorrow 15th April 2011,
voting for disposal of fluids business worth A$45m (£28m)

giant steps
12/4/2011
11:51
Prices for rheochem [RHE] on asx A$0.21-0.22,
using xrate 1.55 gives implied 13.5p - 14.2p

UK prices for rheochem [RHEP] 14.5p offer 15p

Nice arbitrage to sell uk and and buy asx

giant steps
06/4/2011
09:33
from iii:

6:55 am
The Times

*Tiddler to Watch:* A month after agreeing to sell its drilling fluids
business for £28.6 million, Rheochem has signed over 40% of six North Sea
blocks to PGS Exploration in return for an estimated £12 million of work
helping the Norwegian oil and gas company to exploit them. Rheochem, valued
at £39 million, rose a modest 1.4% to 15.85p.

ronson333
05/4/2011
07:07
60% of a big number will be transformational for RHEP with market cap of only £34m.
addict
05/4/2011
06:45
so 40% farm out in 6 blocks for 3D seimics and more...at least they are not standing still
ronson333
04/4/2011
20:58
not much of a change in holdings between the 2 then
euclid5
04/4/2011
13:00
Strange that a couple of days later Credit Agric reduce by 750k??
mick
01/4/2011
12:07
Credit Agricole Cheuvreux International increase their stake from

14,300,000 to 15,156,000 = increase of 856,000

euclid5
28/3/2011
16:31
just email me by replying to that post or give me your full name for reception.
davidosh
28/3/2011
16:29
how do i get a spot davidosh?
ronson333
Chat Pages: 99  98  97  96  95  94  93  92  91  90  89  88  Older

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