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Roxi Petroleum Share Discussion Threads
Showing 39676 to 39697 of 39700 messages
|How can you believe anything Caver say's after all these years of fudged RNS.
Hope it does come good but getting rid of this guy must be the best option.
|Must be 801 as you say. Who knows with roxi|
|if they had a deep flowing, orazi and pals would not want dilutive funding at these share price levels, they would go for debt. or they would wait until news released and share price higher before doing a dilutive placing to minimise dilution. imo only, bwdik.|
|So hopefully fireworks to start with A5, back to 23p at least on success.|
|hashertu - many thanks for sharing.|
|hashertu, good to know all 3 deeps still in play.
was there any more on 801 - seems a bit shaky. why are the chemical flushes only 'from time to time' and what effect are they having?|
|thank you hashertu.|
|Little bit of feedback from the EGM.
808 (BNG shallow well) is 50m from TD. It is targetting a structure other than the MJF horizon (which it hasn't passed through). If successful, this is a new resource.
A5. Sidetrack drill start imminent.
A6. When revisited, an interval above 4450m will be perforated by Schlumberger.
At a later date, the original (unnamed, but one of the big three who is not Schlumberger) contractor will return to re-perforate the 54m below 4450m. (CC confirmed that it was in this order).
801. Still getting chemical flushes from time to time.
Munailly. 4 wells re-entered. Result not disclosed. (I don't think CC knows either). Chinese contractor in hibernation for winter.
Revamped website available next week. Not only for name change but to refresh format and bring content up to date.
CC booked to do a number of corporate presentations to II in near future. Said it was not specifically for fund raising now, but more to sow seeds and raise awareness.
KO not at meeting, but on site.
KS in Almaty.|
Little flaw in the logic there as they have to reach their 700mb P2 target by June 2018. They also have to play the game with the Kazakhs as it's in their interest to buy oil at domestic prices and there'll be plenty of politics surrounding that. CASP will satisfy the Kazakh merger admin requirements and crack on and any loss of revenues from domestic to export are insignificant in short term. All about proving up the P2 and the quicker they do it the better. They will need funds to deliver the P2 so it can't be too far away.
2 bags from here within 2 months.
|The name of this thread is going to need changing or do we start another ?|
|Konil it will be they will get a deep up and running they are playing the smart game ffd next year so they can sell oil on international markets. By delaying the deeps they don't have to sell at domestic prices for long...|
|all resolutions passed, CASP on the 28th...gla|
|smarty, as long as they maintain a listing, stock is available to everyone, but i agree there are no absolute guarantees.
jayrh, imo they have run out of cash for remedial works to get the 3 deeps to production status. the shallow revenue is spent on g&a and shallow ops. so i reckon they need a big slug of cash to meaningfully re-start deep ops. if they have a successful deep already (possible news this qtr as mentioned by carver in march interview) then its a different ball game.|
|Kenil that funding will come from the 3 deeps and shallows.|
They won't but they could if they wanted too.I was invested in a Gold Miner GGG,the Chinese took out the key players and the institutions went along for the ride, PI's shafted. Even with large institutional shareholders involved in organisations, you can't guarantee that you won't get shafted.
Funding will get sorted, the question will be, how much dilution as there will be some. The immediate priority is to get share price up and that has to happen post Merger agreement.
|unfortunately i haven't seen anything in any resolutions or toc or t&c's or undertakings that prevent it being taken private.
they need serious funding to continue to develop bng and will want full access to all funding avenues and for that reason will not take it private, but that's just my guess.|
|Well, we can't make a difference as the control is with the Kazakhs. The share ownership landscape has to change to attract the right investment as nobody will play with a risk of this being taken private.Let's hope no shenanigans and next 2 months is going to bring great news. Caspian Sunrise, new beginnings and the ducks are definitely being lined up, if not then our Carver will look VERY silly.Smarty|
|Don't think anyone is going smarty the question was asked over on LSE too and no response|
|http://www.roxipetroleum.com/roxi/uploads/pressreleases/pr-27-02-2017.pdfHoping that somebody is going for a quick cuppa and a piece of Victoria.The merger cleans things up and enables them to raise funds more easily. The enlarged group at circa $200m will hopefully make it easier to attract institutional interest. Some positive operational need would help that cause !Company now debt free, goodbye Roxy, hello Casper .Smarty|
|News tomorrow am pre meeting ? Anybody going ?|
|I'm not Mr Burrows|
|At least I support the original magpies. Nolan and Ameobe doing great for us at present.|