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Roxi Petroleum Share Price (RXP)

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
  -0.25p -2.86% 8.50p 8.25p 8.75p 8.75p 8.375p 8.75p 755,968 11:37:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Oil & Gas Producers 1.0 12.9 0.1 58.7 79.56

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Roxi Petroleum (RXP) Discussions and Chat

Roxi Petroleum Forums and Chat

Date Time Title Posts
12/2/201609:40ROXI PETROLEUM PLC32,486
27/7/201520:42Moving Forward...323
08/9/201409:12Roxi Petroleum Plc - From Explorer to PRODUCER151
21/7/201413:04Roxi - Onward & Upward14
22/2/201223:59Roxi Open Thread No Rampers or Golfers Please240

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Roxi Petroleum (RXP) Top Chat Posts

spacetomato: If, and that is if, the last RNS reflects indeed what the directors think the size and value of the field (s) are, we may indeed see a good revaluation of RXP share price. And, as far as I am aware, 2017 will be the year, as oil prices will be way over of what it is today, as I hear 70 USD a barrel and over seems right. China will wake up hungry and with a vengence. I say, be in oil to win.
ridicule: Aaron. Twaintwit is clearly deranged to a point where I have filtered him. Anyone who is interested in oil exploration and sees 105m+ of oil in the ground as inconsequential compared with the difficulties over the hole to reach it(A5)has no credibility. Pre-salt drilling has been and always will be one of the most challenging drilling environments to recover oil. Anyone investing in RXP who did not understand this is foolish. Whether A5 is abandoned or not will clearly have an impact on the RXP share price in the short term, as indeed the difficulties with A5 to date already have had, but the oil is still there and other holes will be drilled to access it if necessary. As a value investor, I take a 2-3 year horizon on my investments. For what is worth, I do not think A5 will be abandoned. I say this, simply because the actual salt penetration zone of the drill (the highest risk area by far) went successfully and it would, therefore, be stupid to abandon that. I suspect the well will be sidetracked at higher levels nearer the surface to overcome the problem if the well does not clear through the cleansing effect of the oil that is still reaching the well head despite the coil and drilling mud restrictions.
johnwalton: The wider market is obviously not helping the rxp share price. But the company have in my humble opinion fubar the recent statements. I will not be buying shares until the test's are fully completed and results released and verified by a bona fide 3rd party.
themattbarnes: Motley Fool Shares in oil exploration company Roxi Petroleum (LSE: RXP) and payment processing company, Optimal Payments (LSE: OPAY) are making gains thus far today after the two companies released positive pieces of news flow.... ... Roxi Petroleum’s share price is up by over 6% today after the company announced that it has reached a deal to cancel royalty payments from its main BNG asset in Kazakhstan. In return for issuing shares in the company which make up around 5% of its enlarged share capital to specific parties, including Canamens and Sector Spesit, Roxi Petroleum will no longer be required to make royalty payments to those entities. This is viewed as a good deal by the company’s management, with it removing a future uncapped liability that may have limited its ability to access debt financing. As a result, Roxi Petroleum’s share price could begin to reverse the recent weakness that has seen it fall from 18p in June to its current level of 11p. Certainly, as a smaller oil company it remains exposed to a falling oil price and, in the short run, this could act as a brake on the company’s share price performance. However, with Roxi Petroleum’s flagship asset, BNG, being relatively high quality, it appears to have the potential to post encouraging share price gains over the medium to long term. And, with it having a price to book ratio of 1.5, there seems to be sufficient scope for an upward rerating to merit purchase at its current price level.
leopold555: Leo, if geology of first core comes back good and initial news of second core is positive these will be rns'd and will the share price pretty instantly reflect this news? Yep IF the news comes out in the morning at 7am the just before 8am the share price will be something like 5 - 10% and that is before the market opens which is why it is good to get in BEFORE the news. When the market opens at 8am there will be an initial rush and the share price will shoot through the roof. At around 08:20 you will see it fall back again as short term profit takers go away happy with their profit Just trying to understand how much of the share price will come from "news" and how much from production? Ie if the above two points of news push price to say 30p (just picking at numbers) what would the price be when they start oiling? Still 30p as nothing changes or £1 say as the difference between "news" and "producing" is still a big leap? You will get the above rises on news alone by speculators who play that game. However the real money is made by the patient investors IF the story continues. Say a Speculator following this keeps buying in on the dips like the last few days and then tomorrow an RNS comes out to say NK-31 has marveloous news then this person may sell if the share price has spiked up 20%. Then he will buy back after the fall ready for the next news. The investors will maybe sell 20% of their holding and buying back after the share price goes back a bit resulting in the investor being able to attain more shares for his money so he is building on share volume. He is not looking for monetary profits at this stage but trying to get as many shares as he can by using the speculators habits :-) The investor will believe that this story is going to continue for a few years and his target maybe an share price of £2:50 in two years time say. So the more shares he buys now will pay big money later. Also some investors take their original stake out along the way so they end up having shares in the company already paid for and they are having a free ride.
togglebrush: I have sailed the South Pacific and seen the musical of the same name so I know the benefits of "Happy Talk" and "You have to have a dream". Prices of Options are set by the board generally for insiders and represent a view of where they 'hope' future share prices will be. Then give options as an incentive, bonus, or whatever for those "who will help make the dream come true" at a future date. Dream of a share price of over 20p by 25 Sep 2017 Target price of over 65p by some time after 2018 ??? If you don't have a dream how are you going to have a dream come true ???
battue2: So no answers to my question then. I half expect an rns announcing an offer at a premium to the share price of an aggregate of the last 90 days or so ,explaining why this share price has been so controlled for the last few months and the news flow which could have been released in a far more positive way regards the share price has been so subdued. gl
spacetomato: Any views on why this share price is stuck? I was hoping on dome action here but day trading this one has stopped.
63frank: Hi Guys, As a foreign investor at Roxi, I have one question. According to the RNS dated on 24 July, 2015 regarding "Cancellation of Royalty", Roxi will issue 46,661,654 shares to CL, but just wonder what is the price per share? Then, I noticed the agreement is conditional on the passing of resolutionss 6&7 at the AGM of Roxi. The resolution 6 and 7 seemed to be applicable for issuing the said 46,661,654 shares to CL. Below is my idea to calculate the share price to be issued. If applying the resolution 6, the share will be issued at 6.7p [=£3,123,157/46,661,654] or if applying the resolution 6 and 7 as added, it will be issued at 9.6p [=(£3,123,157+£1,351,814)/46,661,654] My calculation may be wrong, then any comment or idea for the share price to be issued to CL would be appreciated. Cheers!
ngms27: Leys get our facts right shall we: Question: Who told everyone that A5 had been P&A'd 6 months ago??? Answer: Not me, I have suggested that in my opinion A5 will likely be P&Aed or sidetracked. Currently I'm not seeing anything to suggest this isn't a likely scenario. Question: Who sold out yesterday and is now calling for 5p? Answer: Actually I sold out either last week or the one before, I cannot remember which but I did post on here. I can categorically state that I WILL NOT be buying back in unless they have proven discoveries in place, funding to appraise and the share price froth has been removed. Question: Who thinks he can talk the price down for re-entry Answer: What little old me affecting a share price. I wish. As above I have no intention of reentry realistically anytime in the next 3 to 6 months or longer or if ever. I called AST correct and I believe I'm calling this correct. The BOD IMHO have lost credibility in the past few months.

Roxi Petroleum (RXP) Latest Trade

Roxi Petroleum Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 11,000 8.70 12 Feb 2016 15:57:28 GBX
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