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||Market Cap (m)
|Oil & Gas Producers
Roxi Petroleum Share Discussion Threads
Showing 39076 to 39098 of 39100 messages
|Nobody believing our Mr Carver it seems until he can flow it commercially.
Seems you're setting little ole Roxi up for a fall saying that they can flow it in the 1000's whereas Mr C has already stated -;
'Once flowing freely we continue to believe the production rate at A5 will be the best of the three deep wells spudded to date'
He's also stated that -;
'Pressure in the well remains high as with at Deep Well A5 and accordingly our hopes for A6 are similarly strong'
If they get it to flow commercially then i'm expecting in the range of 1500-2000bopd and no more. What i'm after is a bigger structure than they first estimated. 127m targetted, that's more than they expected and now down to the flow test. They haven't communicated any real issues and as i understand it this well, although not without its challenges has gone better than A5 so here's hoping that they get it right, 3rd time lucky !!
|It's straight forward to me. They have got to this stage 4 times before and never managed a flow test.If they can flow this in 1000s of barrels per day then the market will shake out of this apathy|
|if only they had mentioned status of a5 and 801, there would have been more action on the share price
on the plus side if a6 is same structure as a5 they may be able to suck the oil up through a6 if they have messed up at a5. 801 however will be dead if they cannot remedy it.
in any case total silence on a5 and 801 over several months not good at all.
as good as the rns is, still wary of potential taurus droppings here. (no smarty, i wont be selling up.)|
|Lol....! quality....I expect they would see that go up in Moscow....|
|I'm tempted to have (yet) another punt just a tad concerned about this lighter fluid they're using.
Doesn't seem the safest thing to fill a well with?|
|Thanks Bull .|
|Bull,Not sure about the chart but I'm tempted to take another trading punt.Can't believe the muted response and that can only be down to the lack of trust. To think we were 25p on A5, we were 19p ore BOCO deal and 10p today ? Something not right as this should be flying and volume through the roof ?Smarty|
|i think they used a lighter fluid, took the drill more slowly, through the salt layer without incident, done a great job with the casing, hit target, found 127m of oil! no supermarket trolleys , ready to flow test apparently. Astonishing result really.|
|Do they not have any drilling fluid to remove like in A5, no mention of baverstock deal.|
|those two Pinocchio's are a bit worrying, but strangely symmetrical|
|hows the chart looking smarty? a lot of convergence isnt there!|
|Smarty, HUR will be pretty much the same until the vote on the 70m funding on the 7th November (may even drop a bit).
After the 7th, the new well on the 2nd prospect will spud and the data room will be open for farm out talks (with no shortage of interest) so, you will get a run for your money...!|
|Volume in early trade is over 2.5 million which is over 4 times a normal day (585,710 for 2016 ). I would suggest trading has been taking up the slack, so it is possible that pricing action will increase later.
This autumn the Drill Update on 19th October had 5,738,039, the maximum for THIS YEAR, but otherwise volumes have been quite low. A "One in a Hundred day" starts at 4 million.
Data Source ADVFN|
|overslept! morning all!|
|Control,HUR 39.5RXP 9.62Still could be close as we both know Roxi but much that flow test not completed by year end we'll get some more news reports merger, financing etc.Smarty|
|Yes agreed Smarty they are gradually de-risking the asset. Added a few at 11p this morning.
The mistrust, which is justified, is making it a reasonable strategy to add at each stage of de-risk.
Still a bit wary of Bav terms but ironically have to trust the owners ....|
|Control,I read every announcement, re-read it and then 10 times more !! I think I'm an expert on Carverspeak after 9 years.It's at my peril but 3 deeps drilled, none P&A and I'm happy to see this through. As you know it went to 25p on A5 announcement and we're 40% of that today with a successful A6 (thus far).Hype is coming, so is a broker report and this will move. Not without risk but a lot less riskier today. Pays your money and I've paid mine.Smarty|
|Ha, yeah, swore I'd never add any more here....
4th dip of the toes... Oct'09, Jul'10, Dec'14, today.
Have never sold/traded any - don't intend on leaving today's punt in for long mind!|
|Well Smarty, you are off to a flyer however, although the tone of the RNS is very insistent, did nobody notice this bit of Carverspeak....
"We now plan to complete the well by cementing a 5-inch liner to the Total Depth of the well.
So, not quite "without delay".
I realise that this will sound Jonny-like but we all know how careful you have to be with the words here|
|Punters got stung on A5, not due to lack of oil but not proven commercial as not flowed for long enough. Roxi have not covered themselves in glory historically but and punters probably nervous. I'm very happy it's not gone stratospheric this am, I've added some more.Smarty|
|Begs the question - why have I been sitting on these when could buy at 8am on the news... doubled my holding, averaged up by a penny!
|To be able to pick up Roxi in the 10p range, madness. People will cotton on here soon.Smarty|
|90 Day flow test is expected to end in late January. Do we celebrate with
A Burns Night dinner 25 January 2017
With a tale of a "tim'rous beastie" followed by Haggis with clapshot, neeps and tatties
Or Australian Day 26 January 2017
Beach Barbie with burnt offerings from the barbie, with tinnies, followed by a "Waltz with Matilda" then a technicolour yawn|