Rose Petroleum Share Discussion Threads

[yesyesno] 08/3/2017 11:47

It matter not if the 30m was a buy or sell. If someone was desperate to sell those shares are now less likely to find their way back to the market. And if it was a keen buyer then the same.

[nsk1] 08/3/2017 11:38

Buy or sell, nobody will know for sure but it's only £45k so in the grand scheme of this share will not impact greatly.

[laptop15] 08/3/2017 11:30

Or was it a sell.... Hhhhmm

[laptop15] 08/3/2017 10:50

HUGE delayed buy just come through 30 million, someone's confident! Wonder if we get another RNS this week. Somebody Believe's so imo :))Good luck all

[yesyesno] 08/3/2017 10:40

Certainly looks as if sympathy is changing in this stock. Understandable the flow of negatives from people who still want to get out will slow it's progress for a while yet but only negative news should bring it back to early year prices, the true value should be over 0.20 after all.

[colin12345678] 08/3/2017 10:02

nice day today

[marketgem] 07/3/2017 22:46

Rose is doing the right thing by changing focus. Cash up and extract value from its oil assets, 1.1b of oil and 2.2TCF of gas. It's all moving in the right direction

[yesyesno] 07/3/2017 22:43

The only T@$$ers here are the paid derampers and the people don't understand trading. They blame the company for their own decisions to hold on to a stock longer then their budget likes. Take responsibility sell or shut up.

[pottermagic2310] 07/3/2017 20:00

It's a $h!t investment, I'm stuck with it, there's nothing to be gained and only more to be lost. Anybody pumping this is a T@$$er

[abergele] 07/3/2017 18:48

Some itsibitsie trades today JJ.
blues are black, and sells are blues,but I suppose the balance of being a blue finish got it sorted alrigh on the night so to speak.
We've set a 3 month traded high for once,may bode us for the future that we can get out smelling of roses,haaa,no pun for ROSE..take care mate.

[judijudi] 07/3/2017 16:20

Better volume today

[judijudi] 07/3/2017 14:19

Check the previous RNS to this one
No need to apologise. I realise your a newbie and have issues!!

[colin12345678] 07/3/2017 14:16

these are notes from a well respected trader for the new people to read about this company so you get with the programme and take some more crack

[judijudi] 07/3/2017 14:14

Your way behind the state of play
We are trying to sell the mining operation and have been made an offer for it, which is currently under due diligence
Get with the programme Col

[colin12345678] 07/3/2017 14:08

Ticker - ROSE
Mcap £4m
Cash £1m + £800k raised (currently approx under £1.5m)

The executive team is currently working on three major fronts: Oil and Gas, Mining and Exploration in Mexico and the USA and business development opportunities in Cuba.

Investments

1 - Paradox Oil & Gas Basin (1.1 billion Oil and 2.2 TCF Gas
2 - Mexico Producing Gold/Silver Assets
3 - USA Uranium assets
4 - Gypsum Cuba investment
5 - Discussions with CUPET in respect of Oil & Gas licenses in Cuba

1 - Paradox Oil & Gas Basin

The permitting process of the 3D seismic shoot in the Paradox Basin in Utah continues to progress well. We have been working closely with Dawson Geophysical Inc. and HRL Compliance Solutions Inc. on providing the Bureau of Land Management ("BLM") with the documentation required for the permits and on completing the required studies to gain the approval. The permit is expected to be approved and granted in H1 2017

Rose's acreage has considerable potential as evidenced by the resource estimate calculated by independent consultants Ryder Scott Company announced on 23 May 2014. Ryder Scott estimated 100% Gross Volumes Unrisked Prospective (Recoverable) Hydrocarbon Resources (Estimated Ultimate Recoverable Reserves - EUR) in the Paradox basin formations of a collective total of mean 1.1 billion Oil/Condensate and 2.2 TCF Gas. The 3D seismic shoot will go a long way towards having a better understanding of the potential of the basin, identifying potential drill targets, and therefore is of significant value to Rose. The directors of Rose look forward to updating the market on the progress of the permit application over the coming months

2 - Mexico - Gold/Silver Project

On the Tango project, we are in discussions with the project partner, Minera Camargo, on the dynamics of initiating the permitted drill programme to explore the porphyry targets and the San Agustin vein for gold-silver production, which we hope to be able to move ahead if agreement on how to proceed with the partner can be found.

On an administration point, the Company is actively pursuing the recovery of IVA (value added tax) and tax totalling MX$16.5 million (circa. US$760,000) from the Mexican tax authority, Servicio de Administracion Tributaria ("SAT"). Rose has been in detailed discussions with SAT regarding the reclamation of the sums owed to Minerales VANE SA de CV, a subsidiary of Rose, dating back to 2013. We have made significant progress in this process over the past few months and are confident of a positive outcome.

USA - Uranium

The Company continues to maintain its US based uranium assets on care and maintenance.The issues surrounding the 20-year withdrawal of federal lands in northern Arizona in July 2009 continue to impact these assets.The lawsuit of the National Mining Association and American Exploration and Mining Association which challenges the legality of the withdrawal continues to progress through the 9th Circuit Court of Appeals in San Francisco, California.Fortunately, outgoing President Obama declined to convert the withdrawn area to a National Monument as was recommended by his administration and incoming President Trump has expressed support for nuclear energy.

3 - Gypsum Cuba

The Group's current activity in Cuba was introduced by Earth Source Investment Inc. in May 2016, who also contributed to and helped secure the funding for the project.

As announced on 4th July 2016, Rose, with the assistance of its technical team supported by both Grenzebach BSH (GmbH) ("Grenzebach") and GPM engineering ("GPM"), has been negotiating with Empressa Materiales de Construccion ("EMC"), the local state company, for the past six months to construct the proposed gypsum processing and manufacturing facilities to supply the domestic and Caribbean market with various gypsum products including, but not limited to, gypsum wall and ceiling panels. Multiple models and plant facilities have been discussed involving various end products and production rates and Rose put forward its proposal on the agreed capacity and products at the end of the year, although the process is no longer exclusive to Rose. Having been through multiple versions of both capacity and end product requirements, it was an extremely challenging process and the Board of Rose would like to take this opportunity to thank the technical team, especially Grenzebach and GPM, for their continuing support. We are now awaiting official response to our proposal and look forward to updating the market accordingly.

4 - Oil & Gas in Cuba

As a result of the Group developing good relationships in Cuba, we have now engaged with the Cuban national oil company, CUPET, and are in early stage discussions regarding oil & gas licenses. We feel that the oil and energy sectors in Cuba offer excellent potential and hope to be able to progress our discussions.

Matthew Idiens, CEO, commented: "We have been making progress on all fronts and with the change in political regime in the US, we feel the incoming administration will be very supportive of our industry and feel the future is encouraging for US energy, both in terms of oil and gas and nuclear industries. We hope to be able to announce the granting of the 3D permit which will enable us to commence the realisation of the significant potential value of our Paradox acreage.

"The Mexican mining operations team continue to evaluate potential JV partners for our SDA Mill with two projects showing sufficient grade/geology to be of interest.

"Having presented our proposal on the Cuban gypsum project, we are awaiting the official response and we have opened up discussion with CUPET in respect of oil & gas licenses, which we hope we can develop further."

Newsflow

1 - Paradox basin Permit

2 - JV Partner on the Mexican Gold/Silver licenses

3 - Cuban Gypsum Project

4 - Cuba Oil & Gas licenses

[colin12345678] 07/3/2017 14:01

this is a 10 bagger on permit news 80% there

[colin12345678] 07/3/2017 14:00

lol you on crack judi

[judijudi] 07/3/2017 13:59

I would say its far from a "great RNS" it just means things are proceeding in the right direction
Long long way to go yet before I get excited

[laptop15] 07/3/2017 13:52

Great RNS sounds like we are very close to getting the permit!!!!Can't believe some would sell....I guess it's just some people are weak....LolI will wait for the multi-bag

[colin12345678] 07/3/2017 13:47

bish bosh have it

[pottermagic2310] 07/3/2017 13:43

NONSENSE... we'll have less than ever once 1 or 2 of these 'transactions' complete... and that Cash at the Bank will soon head off in the usual direction... we've all been 'had'

[judijudi] 07/3/2017 13:43

Better news

[laptop15] 07/3/2017 10:12

Nice big buy there, someone is confident :)) loads of potential here imo.Summer time bagger!!

[abergele] 06/3/2017 14:05

good post.YYN.
some mixed trades I believe..buys are sells and sells are buys...as ever to decieve