Rose Petroleum Share Discussion Threads

[judijudi] 07/6/2016 07:55

Is that $2.4 million dollars left in the coffers that I see?
Wow. That's a large sum to drive this business forward. Plenty to cover management salaries and invest in our future
Genius Matty genius!!!

[pembury] 07/6/2016 07:43

$9m+ ffs are you joking?? sadly not!

[judijudi] 07/6/2016 07:25

Is that a net loss of over $9 million for 2015 following on from a $6 million loss the year before that I see?
Share price short of 1/5th of one penny
A superb performance Matty by any stretch of the imagination
You must be a very proud CEO. What a leader!!!

[pottermagic2310] 06/6/2016 11:14

Has ROSE got any prospects in these Areas ?

[judijudi] 06/6/2016 08:45

America's oil and gas producers are still finding places where they can prosper even at today's lower prices.

Companies are refocusing their drilling efforts on the Permian Basin in Texas and New Mexico and rushing into a part of Oklahoma known as the Stack where they can claim solid returns. While small in terms of overall production, the move is gathering steam, even as drilling in places like North Dakota and Pennsylvania remains sluggish.

Wells in the Permian and the Stack -- which stands for Sooner Trend, Anadarko basin, and Canadian and Kingfisher counties -- are racking up between 10% and 30% returns based on oil priced at $45 a barrel, operators say; premium wells are generating greater profit.

In part, returns benefit from access to established pipeline, storage and other infrastructure. Drillers in both areas have been able to find energy stacked in layers underground. Some producers also are tapping holdings that were acquired long ago, when acquisition costs were lower.

Continental Resources Inc., which helped spark the North Dakota boom, says its best wells today are in the Stack -- a well-trod part of Oklahoma near Cushing, Okla., a major oil storage and trading hub. The company says its drilling there can yield a 75% return with oil at $45 a barrel. The company recently announced a gusher of a well in the field.

"These wells are among the best-performing wells I've been involved with in my entire career," Harold Hamm, Continental's chief executive, told investors last month. Of the 57 rigs currently drilling in Oklahoma, about half are in the Stack, and 11 of those are Continental's, the company said.

As U.S. oil futures, which closed on Friday at $48.62 a barrel, rebounded and recently approached $50 a barrel, some large and midsize energy companies have said they are planning to step up production in lower-cost areas. The gains aren't likely to tip the scales toward greater production or hiring nationwide, but they are tempering some of the decline elsewhere.

"Now we're talking about plays that can break even or do better at $45 oil," said John Freeman, an energy analyst at Raymond James & Associates.

Another area where production is still rising is the Permian Basin, which spans parts of West Texas and New Mexico.

The Permian, a major oil-producing area for decades, has been reborn as the combination of horizontal drilling and hydraulic fracturing have helped companies tap oil trapped in dense rock formations. Operators there now pump more than 2 million barrels of oil a day, more than in any other U.S. drilling region, according to estimates from the U.S. Energy Information Administration.

The Permian's low production costs are luring companies like Occidental Petroleum Corp. away from other fields. Vicki Hollub, Occidental's chief executive, recently told investors that the area would be the company's highest priority.

"We feel like that is where we get the most value for the dollars we invest," she said.

Pioneer Natural Resources Co., currently the most active driller in the Permian, said it is planning to add more rigs to its operations -- one or two at a time -- when oil prices hit $50 a barrel.

Chevron Corp. said it has identified some 4,000 wells in the Permian that can generate a 10% return at that price, as well costs in the area have fallen even as output increases.

"We see our activity in the Permian as being very, very, strong," Joseph Geagea, Chevron's executive vice president of technology, projects and services, told investors in April.

The fortunes of these areas could change as quickly the old ones. Just a few years ago, energy workers were streaming into North Dakota, pushing rental prices sky high and spawning hotel construction as they looked for work on or around one of the more than 200 rigs drilling in the Bakken Shale formation.

Today, energy is still drawing workers to places like El Reno, a city of roughly 20,000 about 30 miles west of Oklahoma City, where Halliburton Co. has an office and repair facility.

"Our motels are still pretty much full," said El Reno Mayor Matt White. "We really are excited about the energy play out here. It's a big deal for us."

PayRock Energy LLC, a private-equity-backed outfit that buys acreage to drill and flip, said there has been so much interest in its Stack property that the company has put all its 58,000 acres on the market.

"Little guys, private guys, public guys, in-basin guys, out-of-basin guys -- you name it," said John Zimmerman, PayRock's vice president of finance. "Everybody who is in the Stack wants more of it."

Case in point: Newfield Exploration Co. recently paid $470 million to Chesapeake Energy Corp. for more than 40,000 acres that complement its existing footprint in the Stack. The Texas-based energy explorer has shifted most of its activity to Oklahoma, where it will spend 90% its $650 million budget this year.

Newfield has just one rig now running in North Dakota's Bakken region, and has deferred all drilling in Utah and South Texas. Even when prices rise, the company is most likely to increase activity in Oklahoma first.

"The industry has really voted with its checkbook," said Stephen Campbell, a Newfield vice president.

[judijudi] 02/6/2016 09:49

Some chancer rolling I see

[judijudi] 24/5/2016 11:31

Maybe a flower stall now that it's getting to summer could earn us an extra few quid!!

[pottermagic2310] 24/5/2016 11:06

I have some Jerry Cans full of lovely Petroleum & Diesel... the BoD can have the lot for... oooh??... approximately my original Investment !!!... they can consider it a Gift, add it to the Assets and look to sell it on in the Futures Market... when all World's supplies have dried up... LOLs
;-)

[smelgys mum] 24/5/2016 08:50

This is finished, they keep buying and selling bits of companies like a desperate gambler on their last legs. Plenty of other bargains out there, cheaper and better assets.

[judijudi] 23/5/2016 11:17

Can somebody please tell Iddiens that there is a Pie n Mash shop going cheap on the Old Kent Road. We might as well diversify into food as well as plasterboard. Probably only have to dilute by another 300,000,000 shares to get it!!
Its got a flat above it that we can rent out to help offset any costs
Cover all bases. Clever strategy
:)

[judijudi] 13/5/2016 23:30

Some Gimps about again 😂😂😂

[wisteria2] 13/5/2016 20:03

No doubt you would be first in the queue!! having lost your blouse on this investment!!!! bye.

[judijudi] 05/5/2016 13:06

Rumour has it that Rose have booked a stall this weekend at Camden Market selling 2nd hand clothes!

If so, we might get an rns along the lines of:

We believe this investment highlights the strength of the potential opportunities in 2nd hand clothing and confidence in the Rose management to deliver"

:)

[nsk1] 04/5/2016 16:30

The BOD get to visit Cuba using shareholders money very frequently & live it up....it's alright if you can get that sort of work hey lol

[nsk1] 04/5/2016 16:28

But there is an upside

[nsk1] 04/5/2016 16:18

Judi it's not good. I had a healthy investment here but I'm preparing to write it off now. So unfortunate, so desperately sad that the bod turned out so incompetent. But never mind, a door closes & another opens. GL to all

[nsk1] 04/5/2016 16:00

*plasterboard

[nsk1] 04/5/2016 15:59

I never wanted to be invested in a fertiliser/ blaster board company. Oil is the place to be, look at PMO recovery, I'm just baffled how this complements our assets

[simpletonremover] 04/5/2016 11:04

Dear me, what a constantly sniping individual.

Dig, prod, poke, disapprove, moan, whine, whinge, assume armchair expertise, on and on and on.

Nauseating, whether merit in some of the finger pointing or not.

Most investors move on or sell if they feel such ingrained disenchantment but no, clearly you'd prefer to spew repetetive negative bitterness, day after day.

You're extremely boring and no, I won't be 'filtering' your posts, before you make that probable immature suggestion.

I'm not even invested here but having read a little of the thread, your pitiful constant drone, drove me to respond.

The reincarnation of Hilda Ogden or Ena Sharples, a whinging old battle axe, with delusions of self importance.

God help the others who read this thread on a daily basis. If you despise the progress here, go elsewhere.

You should be segregated in a soundproof and communication proof room where you can revel in your own depressing morbidity without infesting others with it.

[judijudi] 04/5/2016 09:11

Up to now Idiens has been all hot air.
Talks the talk but failing dismally to enhance shareholder value (in fact this management have done the exact opposite)
All to prove and much much more required
imho

[proactivest] 04/5/2016 08:24

Video interview with Matt Idiens



Matt Idiens, chief executive at Rose Petroleum (LON:ROSE), tells Proactive Investors the £800,000 the company raised through a placing will help further develop opportunities that have arisen in Cuba, specifically around the processing and manufacturing of gypsum as it has identified a significant deposit.

Idiens says Cuba "is clearly on a growth path at the moment" especially in the construction industry given a current boom witnessed in the industry.

He adds the company is always looking to drive shareholder value in the current oil price downturn and that Cuba represents an "excellent opportunity" for the company.

[judijudi] 03/5/2016 15:39

I love the last bit of this sentence from this mornings RNS:

We believe this investment highlights the strength of the potential opportunities in Cuba and confidence in the Rose management to deliver.