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RXP Roxi Petroleum

9.625
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Roxi Petroleum LSE:RXP London Ordinary Share GB00B1W0VW36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.625 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Roxi Petroleum Share Discussion Threads

Showing 39526 to 39550 of 39700 messages
Chat Pages: 1588  1587  1586  1585  1584  1583  1582  1581  1580  1579  1578  1577  Older
DateSubjectAuthorDiscuss
01/3/2017
21:32
I've heard that the Baverstock/Eragon merger will take place immimently, maybe RNS tomorrow but hopefully not too early. New company name Caspian Sunlight or something. Kind regards.
snaps1
01/3/2017
21:23
Actually Roxi do or will own 100% re: Baverstock/Eragon. Should be RNS tomorrow hopefuĺly not too early!
snaps1
01/3/2017
17:34
whoa! roxi does not yet own 100%. apart from the shareholder vote, which i assume will be supportive, there is the kaz green light to obtain. hope that too comes through but nothing can be taken for granted.

that aside, the real results from the deeps may actually be disappointing, if they have put deep ops on hold due to lack of cash. but then who knows, we may be happily surprised otherwise...
...here's hoping.

konil
01/3/2017
15:02
I wondering whether they will release the real results from the deeps now that RXP owns 100%.
berber1
01/3/2017
13:38
A change of tone “Smarty” now it is poor old Clive.
'
Clive Carver Executive Chairman (aged 53)___ 2015 Salary/fees US $240,000

Has no shares in the company but options starting at 4p, through 12p,13p,20p,38p to 65p
He earns more than the next two directors put together.

Carver has been the Muscle Man on the trap door limiting data to the mushroom designated investors.

Today I find the more detailed Annual Reports, before he became executive chairman, on company website have now been reduced to skeleton format preferred after the KO takeover. None have a kind word about private investors.

Kuat Oraziman Chief Executive Officer (aged 52)______ 2015 Salary/fees US$116,814

Kairat Satylganov Chief Financial Officer (aged 49 )_2015 Salary/fees US$121,505

Edmund Limerick Non-Executive Director (aged 51)____ 2015 Salary/fees US$_45,250

Proxy Form for or against the WHITEWASH for a member of the Concert Party



Big Boys cannot vote. Only independent investors allowed

togglebrush
01/3/2017
10:17
They can't run the deep operation without cash so a funding solution will be required. If the impending news is positive then that solution will obviously be less dilutive. Any funder will be looking for a deal and I'm sure that they will want to investing in a business that will deliver a return.Our Carver has financial connections and I'm sure that he'll pull the right deal off. He's getting on in years and good ole CASP is part of his retirement planning. Sunrise or state funded...lolSmarty
xclusive2
28/2/2017
09:57
After yesterdays move on good volume I am very surprised there is no follow on/movement today. Looking at the long term chart, there has been a significant period of re distribution of the shares in a tight range, which is often followed by a break out of the range. As always knowing our luck it will be down, but we live in hope.
maxim1999
28/2/2017
08:06
hotdeal, the company have given me years of reasons why I can knock them. I have a grub stake here on the off chance they ever get the deeps to work.
ngms27
28/2/2017
06:00
IMHO
1st July is possible date for merger

A) 30 June (or close) is normal date of Annual Report (for 31 Dec 2016)
B) 30 June is end of first half year with higher Domestic Oil price (16us$ v 10us$)
C) Date is halfway between General Meeting and Long Stop date

A and B are for Accounting convenience and for loan negotiation
Finance House will negotiate but not grant loans until merger is completed.
Time and Money would be well spent easing government approval for full international prices.

togglebrush
27/2/2017
17:59
Would of thought that they will have the deeps flowing before fundraising.
timberwolf3
27/2/2017
17:46
NGMS You are the like the bad penny continually trying to knock this company.
Its not working either put up or shut up

hotdeal
27/2/2017
16:46
No, nothing doing IMHO re the deeps prior to fund raising.
ngms27
27/2/2017
16:30
Does anyone think there will be a significant
update on deeps before September?

trek3
27/2/2017
13:22
sue, baver owners are probably not short of a bob or two. the issue was that whereas roxi, being a listed entity, could tap the markets or debt providers for cash, baver being a private undertaking would not have access to similar facilities.

the shallow ops provide revenue to fund further shallow ops and 'lights on' expenses, but imo roxi have run out of cash for any significant progress on deep ops some time ago hence the lack of progress updates on deep ops.

re. further dilution, that may of course happen, but i reckon roxi are looking for debt funding rather than equity funding (perhaps a bit of both?), to minimise dilution, and are preparing the ground. see page 8:
"Additionally, the Directors believe owning 99% of the Eragon assets, and removing $10,100,525 of debt pursuant to the Conversion of the Vertom Loan, would make it easier at the appropriate time for Roxi Petroleum to raise debt funding to develop the Eragon assets."


et al, if kaz drag their heels in granting permission, sept will come and go and the deal will be off, let's hope roxi and its big investors have the correct connections and appropriate size of brown stationery. i'm guessing that the issue of this rns indicates that they are close.

also hope that a loan provider can be found quickly, perhaps already lined up?

konil
27/2/2017
09:30
sue - they have a number of producing wells that will pay for the running of the company, drilling more deep wells is another matter though.
timberwolf3
27/2/2017
09:12
So Baverstock have no had no monies to pay their share of the running of the projects. looks like they had no choice but to accept the offer. now how Roxi are going to get the money to pay for running the company. Borrow of course. More dilution.
sue999
27/2/2017
09:08
Big investors cannot vote on the "Whitewash Resolution"
togglebrush
27/2/2017
09:01
thanks toggle.
konil
27/2/2017
08:54
"Whitewash Resolution" the ordinary resolution of the Independent Shareholders
to approve the Waiver,to be proposed on a poll at the General Meeting and set out as Resolution 1 in the Notice
'
"Waiver" the waiver granted by the Panel (conditional
on the approval of the Whitewash Resolution by the Independent Shareholders) in respect of the obligation of Mr Kuat Oraziman to make a mandatory offer that would otherwise arise pursuant to Rule 9 of the City Code as a result of the increase in the holding of Ordinary Shares represented by the issue of the Consideration Shares to Baverstock on behalf of the Baverstock Quotaholders and theissue of Conversion Shares to Vertom
'
The Resolutions will be proposed as follows:
(a) Resolution 1 (ordinary resolution on a poll of Independent Shareholders): to approve the Whitewash Resolution;

togglebrush
27/2/2017
08:48
may have missed it but can't see details on the whitewash resolution.
konil
27/2/2017
08:31
Timberwolf .. Little comment so far ... timetable is very close to that I posted, 34079 of 34191, on 19th Jan.
'
Private Investors have POWER on the votes on the Whitewash at the General Meeting
KAZ authorities have the power on detail but many heavy weight Locals in on this
The number and size of the local investors will argue about detail applicable to them
'
USE YOUR PROXY VOTE and in particular on the WHITEWASH

togglebrush
27/2/2017
08:28
Bull it's CASP
timberwolf3
27/2/2017
08:27
Smartly we might get institutions buying with enlarged market cap .
timberwolf3
27/2/2017
08:24
wonder what the ticker will be! exciting times
bullinachinashop3
27/2/2017
08:15
Caspian Sunrise ....lol. Let's hope that the ducks have been lined up and the sun about to rise for all long suffering Roxi shareholders.

Circa 1.7b shares in company inc 100m from debt conversion. New m/cap @ 10p = £170m.

Smarty

xclusive2
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