Roxi Petroleum Share Discussion Threads

[xclusive2] 23/9/2016 12:36

TW,

He must've spoken to the Butcher, he reckons the same (-:

Bull,

I think there's more bounce in Donald Trumps hairdo. Trading on some pivotal points and it's going to up or down with gusto.

Smarty

[konil] 23/9/2016 12:23

why? what have you heard, jonny?

[ngms27] 23/9/2016 12:02

Whats happening with Beaverstock?

[timberwolf3] 23/9/2016 11:57

Bloke down the chip shop said there would be an RNS next week

[bullinachinashop3] 23/9/2016 09:37

here's the bounce x2!

[control1] 22/9/2016 19:26

Frankly, I am amazed that it has held up this well, for so long.Whatever, there will be news of some type pretty soon....

[hotdeal] 22/9/2016 18:08

This share is dropping on a few thousand shares being sold by a few nagged investors who need money for their 5 day coach holiday to Skegness. I like a few more here who have in excess of 1 million are still here along with the Russians.

[timberwolf3] 22/9/2016 17:12

Last year interims and ops update on same day.

[xclusive2] 22/9/2016 14:33

Well we're dropping below the 50 & 200 DMA and it's either going to bounce or dive. I'm sure the TA boys will be playing games soon but news will be the defining catalyst and hopefully in the interims next week and not a Friday fiasco !

Smarty

[togglebrush] 22/9/2016 11:54

Clive Carver looks like an over paid gatekeeper at this company.

Kazakhstan was part of the old Soviet Union. The accounting standards are probably inherited from Soviet era and are NON Compatible with western standards. In 1990’s as a Director of a Russian enterprise we had many long attempts at making them compatible but it was not an automatic exercise. Local accounts were manually adjusted for annual and Interim accounts to Western Standards. Also the highest paid employee was the Chief Cashier, not an accountant, who was liable to imprisonment if the company went bankrupt. Western accounting qualifications had little work or use.

Another tactic we used was that all middle management had NOT operated under the Old Soviet model(which had its problems). That was before 1992. Locals over 50 years old currently would have Soviet model education and management experience.
‘
Below are Salary and fees and biographical details of the current Directors
‘
Clive Carver Executive Chairman (aged 53)___ 2015 Salary/fees £240,000
‘
Clive Carver qualified as a chartered accountant with Coopers & Lybrand in London in 1986. Since then he has focused on the corporate finance and corporate broking arena, including working for Kleinwort Benson and Price Waterhouse Corporate Finance. He was head of corporate finance and a founding shareholder at finnCap, which by client numbers is now London’s leading AIM financial advisor and broker. He was appointed non-executive Chairman in October 2006 and became executive chairman in June 2012. He is a qualified Corporate Treasurer and also a non-executive director of several other AIM listed companies.
‘
Kuat Oraziman Chief Executive Officer (aged 52) )___ 2015 Salary/fees £116,814
‘
Kuat Oraziman has 25 years of business experience in Kazakhstan and abroad and nearly 12 years of oil and gas experience in Kazakhstan. His experience has included managing an import and export businesses, the establishment and operation of an international brewery in Kazakhstan, and acting as the Kazakhstan representative of Phillips and Stork. Since 2001 he has been a director of ADA LLP. Kuat holds a doctorate in science and is a trained geologist. He was appointed to the board as a non executive director in November 2006, became an executive director in 2008 and was appointed CEO in 2012.
‘
Kairat Satylganov Chief Financial Officer (aged 49) )_2015 Salary/fees £121,505
‘
Kairat Satylganov joined Roxi Petroleum in January 2013 as Chief Financial Officer. Kairat has over 20 years experience in banking, financial and investment business. In 1996 he was Deputy Chairman of the Management Board at Bank Turan Alem supervising the International Relations, Operations and Treasury departments. He has also served as chairman of two of the largest banks in Kazakhstan. ATF Bank for four years from 1998, where he supervised the Administration, Human Resources, Internal Audit, Security, Project Financing, Risk Management departments, and Halyk Bank between 2002 and 2004, where he supervised the Management board, Internal Audit, Marketing & PR, directed bank’s overall business development strategies. From 2004 he was chairman of Almex, a large Kazakh investment company, where he supervised administrative and business development strategy.
‘
Edmund Limerick Non-Executive Director (aged 51) 2015 Salary/fees £45,250
‘
Edmund has been involved in Central Asia and financing the oil and gas business for the last 18 years. He was a manager of the Altima Central Asia Fund, which has invested private equity in the oil sector in many countries in the region, and prior to that he spent many years in Deutsche Bank as a project financier and senior oil and gas investment banker in Moscow, London and Dubai. Previously Edmund was a solicitor with Milbank Tweed in Moscow, as well as Freshfields and Clifford Chance in London. His early career was spent in HM Diplomatic Service with postings in Paris, Dakar and Amman. He was educated in Oxford, London, Moscow and Paris and speaks Russian. He is a non-executive director Saddleback Mining Ltd, GCRC 1 Ltd, a Governor of Ardingly College and a member of the Association of Conservative Peers. He was appointed a Non-Executive Director of Roxi in February 2010.
‘
Hyunsik Jang Non-Executive Director (aged 58) 2015 Salary/fees £25,875
‘
Hyunsik Jang is a Korean national who has 27 years experience in the upstream oil & gas industry, gained principally with LGI where he worked in South East Asia, the Middle East and Latin America. In 2006, he was promoted to Vice President in charge of the Energy Division and in 2007 transferred to Kazakhstan as head of LGI's Central Asia region. Mr Jang was responsible for LGI's interest in the ADA and ADA oil properties. He was appointed to the Roxi board in June 2010 as Chief Operating Officer and became a non-executive Director on 1 January 2014.

[ngms27] 22/9/2016 11:44

No doubt the update will be along the lines:
A5 sidetrack - Not yet at TD, technical problems
A6 - Problems with setting casing requiring a squeeze job or two
801 - It just doesn't wash

[dipla] 22/9/2016 11:40

If they had news it would have been put out by now. Guess this will sink further to 7p

[trek3] 22/9/2016 11:29

Interim update end of Sept last year, 29th, guess we
will get an update of sorts then, meanwhile down she goes!

[control1] 22/9/2016 11:21

Smarty, A5 estimate and actual timescale ring any bells... 12 months(ish) to announcement...Same rig, same crew(?), same rock, same pressure so, same time period was expected, by me at least.Carver just lies as he goes....

[ngms27] 22/9/2016 10:18

Use an underpowered rig (by there own admission) you get underpowered results

[control1] 21/9/2016 22:22

IMHO, this is not unusual behaviour for Roxi at all but instead completely normal i.e make announcements about doing this and that and then telling us sod all for ages only for us to then eventually discover that they have only done about 10% of what they said they would in the timescale...

Nope, absolutely not unusual at all...

However, I don't go with the lack of funds notion, KO (via one of his vehicles) would fund if we were close to TD so I believe that there are 2 possibilities re A6 which are:

1). they've screwed it up (again) or
2). they are saying nothing until they have ascertained the full extent of the oil column (if there is one)

Think we will find out soon enough so, as has already been said, place your bets IF, you are brave enough.

I have no faith in anything this company says anymore so my main stake which has done ok out of 88e, SOU and HUR recently, remains out until I have something to believe in again...

[konil] 21/9/2016 19:22

any important stakeholders (whether majority shareholders, govt, or future funding partners, etc.) will always be looked after of course.

as for kaz needing that type of investment, yep agree, but the type of eventuality we're talking about wont ruffle any feathers in govt, big-oil or potential funding partners, they've probably done it themselves to some other poor sods at some stage!

not saying that is what it will be, very very very much hope it wont! but its always a possibility, i'm just hoping its not one we find ourselves faced with.

looking for that blockbuster announcement which will end all this speculation and send the share price into orbit!

[konil] 21/9/2016 18:14

agree with jonny about the possibility. there isn't much in the way of regulation or enforcement that would frighten off determined shafting, but hope he is off target about the likelihood of it happening and that 'roxi' (i.e. the controlling interests) play with a straight bat. as for kaz, they dont give 2 hoots at this scale of undertaking, as long as they get their pound of flesh in taxes.

[timberwolf3] 21/9/2016 17:04

Wouldn't of thought Kazak authorities would be to happy with that scenario ngms, especially when they are trying hard to attract internal investment into their country.

[ngms27] 21/9/2016 17:01

You are missing a trick Smarty.

They could be taken private before shareholders are aware of the success or only have a little glimpse of the success.

i.e. That might be why there is a delay with news.

Then they get taken private and raise funds individually or issue shares to others who come on board.