Rheochem Share Discussion Threads

[captainfatcat] 28/2/2011 14:11

smarm the uncertainty of the out come to the court case perhaps.

Market likes the update and results by the look of it.

[smarm] 28/2/2011 14:06

Dire warning? Where?

S

[eric76] 28/2/2011 12:59

Thats a mighty fine buy. I'd be quite chuffed if I hadn't sold a large chunk this morning on the back of their rather dire looking warning in their results earlier. lol

[eric76] 28/2/2011 07:12

Nice update from their larger partner Ithaca re the N.S ventures this Morning.

Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) announces that it has successfully completed the drilling of a
water injection well for the Athena field development.

Well 14/18b-A1 ("the well") intersected 325 feet (on a true vertical basis) of net reservoir, exceeding the net
reservoir requirements for water injection to support initial gross production from the field at approx.22,000
barrels of oil per day ("bopd")(source Sproule) from Q4 this year. The drilling unit will now proceed to drill
a fourth production well and complete the three existing suspended wells on the field as well as the new
producer and injector, from the same surface location.

The well has been drilled as a future water injector, down flank from three successful appraisal wells. This
well is the first of a 180 day campaign of drilling and completion activities prior to subsea equipment
installation and 'hook-up' of the Floating Production Storage and Offtake vessel (BW Athena). Operations on the
well have met all key objectives.

Commenting, John Woods, Chief Developments Officer, said:

"This well was drilled and cased as planned and the results are inline with expectations. The success of the
well represents strong progress towards first oil and is testament to the ability of the Company's development
team to deliver. This is one more important step closer for the Athena field to become a significant producing
asset for the Company."

The target formation (Top Scapa A, formally Upper Leek Sandstone), and principal reservoir unit of the Athena
field, was encountered at 9,325 feet True Vertical Depth Subsea ("TVDSS"), in line with prognosis. Wireline
logs have confirmed a multi-layer permeable sandstone and shale gross section of 820 feet of which 325 feet is
net reservoir on a true vertical basis. Average porosity across the reservoir section is excellent and tests
indicate good fluid mobility in all selected sandstone units tested. Formation pressure measurements lie close
to known aquifer pressures recorded in earlier wells, confirming lateral and vertical communication throughout
the field.

The well has been fully cased and temporarily suspended pending batch completion of all five wells (4
producers, 1 water injector) once the final production well has been drilled. The rig will return to the well
towards the end of the campaign to perforate and run completion equipment in preparation for first production
from the Athena field.

Athena Joint Venture Partners are Ithaca (operator, 22.5%), Dyas UK Ltd (47.5%), EWE Aktiengesellschaft (20%)
and Zeus Petroleum Limited (10%).

[patboy] 24/2/2011 13:23

its holding well

[eric76] 24/2/2011 10:42

Natwest had their interims booked for today? Would expect them to do well out the N Sea with brent at these levels but will be good to get some numbers on their mud business for the markets sake imo.

[rivaldo] 17/2/2011 09:09

Nice spot - and the RNS is now out.

So Credit Agricole have bought over another 4m shares and are up to 14.3m, or 5.7%:

[ducatiman] 17/2/2011 07:53

looks like that is where the 3.5m found a home.

[eric76] 17/2/2011 07:47

Thanks Ducatiman I guess that explains the recent share price strength whilst pi's appeared to be selling. Good to know insti's are supporting them still.

[ducatiman] 17/2/2011 07:25

credit agricole up stake

[eric76] 16/2/2011 09:11

It does seem doesn't it? Perhaps taking advantage of a few weak holders whilst the lSE were playing around with the system and confusing the prices.

[ducatiman] 16/2/2011 07:57

eric, there have been mm shenanigans on quite a few stocks recently.

[eric76] 16/2/2011 07:50

Another 550k to start the day? Strange day yesterday too, they brought the share price down inspiring uk investors to sell then marked it right backup to the Aussie level end of day.

[eric76] 15/2/2011 08:41

Weak in the UK though. Perhaps the markets waiting for numbers from their mud business before jumping onboard.
Reckon as newsflow picks up from ithaca peeps will notice them more though as they pick up on rheps 2000bpd share.

[ducatiman] 15/2/2011 07:55

up to 0.23 bid on asx

[eric76] 14/2/2011 09:03

Agreed, someone must be picking these up surely or we would see a drop. Been a strange share for a while, every time I've though I should join the pi sellers before it drops it rises?

[rivaldo] 14/2/2011 08:55

3.5m shares just traded at 14p! I imagine Gartmore have top-sliced a few, but it's very healthy to see such large volumes at these new highs not particularly affecting the price.

[rivaldo] 12/2/2011 10:23

From the IAE thread re Athena FYI:

"o1lman - 12 Feb'11 - 07:44 - 10081 of 10081

Development: Athena

Drilling Rig(s) Anticipated Dates Installation Name Position(s) Vessel(s)

Start Date Finish Date
Sedco 704 08-01-2011 10-02-2011 Athena 14/18b-WG a) 58° 25.242' N 000° 32.944' W
Sedco 704 10-02-2011 27-03-2011 Athena 14/18b - PH a) 58° 25.261' N 000° 32.979' W"

[lr2] 09/2/2011 15:28

Keith, this is a bit old now but the guy had a pretty good low down on all things RHEP back in the autumn of last year. Should get you almost up to speed in no time flat. After that just read the news releases for the last 6 months to fill in the gaps.

[glasgowkeith] 09/2/2011 15:14

Can anyone point me in the direction of some good research here. i have started trawling thru posts here, but any help would be welcomed. Thanks in advance.

[annie38] 09/2/2011 08:42

Morning: Got another 100k this a.m. @ 14.87 (showing as a sell) Fingers crossed !
b.t.w. no reply (unsurprisingly) to my email to Co. re. what effect, if any, flooding had caused.

[rivaldo] 09/2/2011 08:36

Indeed ducatiman - RNS finally out at 7.30. I wonder if it would have got more attention if it had been out on the dot at 7.00?

An amazing run of contracts recently for the core fluids business. I just wonder what sort of profitability we're looking at going forward, even without anything for the North Sea interests?

There's absolutely no broker support AFAICS, with no guidance going forward. If there was, perhaps the share price would be in the 20p's now.

If anyone has any broker coverage at all (from an Aussie broker perhaps) from the last year or so it would be great to see it.

[eric76] 09/2/2011 07:40

Very nice rns again, they're looking like being the first movers in this field then?

[ducatiman] 09/2/2011 07:19

rivaldo, should see the UK rns this morning.

[rivaldo] 09/2/2011 07:17

Great news yet again ducatiman, thx - where's the UK RNS then?!

This says it all:

"Geodynamics is the leading Australian geothermal exploration and development company".