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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 Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.13 -1.59% 7.75 7.50 8.00 7.88 7.75 7.88 211,507 10:13:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Oil & Gas Producers 1.0 12.9 0.1 55.5 72.49

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Date Time Title Posts
27/11/201513:11ROXI PETROLEUM PLC32,266
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 Top Chat Posts

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.
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
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.
themattbarnes: Filter people you dont want to listen to lol, its a public forum. But as a guide: moneymunch on TRP - share price down nearly 50% today. luckily i guess 2 x 400k buys even at .4p is only £3.2k so not a massive loss compared to some 21 Feb 2015 - 09:19:02 - 23497 of 23550 A pipeline...very handy for Tower and their partners on confirmation of a world class discovery at Badada-1....GLA holders. ;-))) 20 Feb 2015 - 14:24:53 - 23466 of 23550 Another c400k top up for me then...gla holders :-) 19 Feb 2015 - 09:06:03 - 23445 of 23550 Just picked up another 400k plus worth....nothing ventured, nothing gained. GLA holders...Onwards and back Upwards!!! ;-))) Moneymunch on RXP - Another world class discovery in the making moneymunch - 20 Feb 2015 - 15:30:08 - 28134 of 28147 Most shares are now tightly held, and so it wouldn't take too much buying pressure to get this to 14p, and 20p plus will be in range imho on confirmation that A5 is uncoiled and the flow test has commenced. GL ;-) moneymunch - 20 Feb 2015 - 08:31:15 - 28125 of 28147 The coiled tubing and metallic obstruction is just about to pop and A5 is just about to blow......massive upswing on its way. GL ;-) moneymunch - 19 Feb 2015 - 07:51:35 - 28111 of 28147 obviously wants to be holding as many shares in Roxi on confirmation of the potential world class discovery, when Sinopec or Chevron make their move. GL ;-) twaintwix on RXP 9th Feb the share price hit 10.2p and has climbed every day since. twaintwix - 09 Feb 2015 - 10:48:17 - 27876 of 28147 The sell-off is now in full swing and will continue back down to 7/8p as forecast. Think we all know how FTE went 4th feb was peak day, share is now down 60%+! twaintwix - 03 Feb 2015 - 13:56:32 - 22878 of 23208 This one is done now if in profit take some out and get across to Forte Energy FTE pronto. It is in the first stage of multibagging and is already up 45% and moving lightening fast. It will crash through 100% by close and much more to come during the following days. And i have made similarly opinion based comments and been wrong as many times. Filter everyone lol?
hallow: Clearly the Chinese have a major problem somewhere in funding the purchase of Galaz. Chance of completion must be low if we have had to wait this long. Carver and RXP should come clean and tell us what is going on but that will probably wipe a minimum 5p off the share price http://www.telegraph.co.uk/finance/11728138/China-markets-rebound-as-it-curbs-investors-from-selling-shares.html http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html http://www.theguardian.com/business/2015/jul/09/china-stocks-bounce-back-after-days-panic-selling- http://money.cnn.com/2015/07/07/investing/china-stocks-shanghai-crash/ RNS From RXP 20 May 2015 Update on the sale of Galaz Further to the announcement of 10 February 2015, Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the sale of the Company's equity and debt interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petroleum Technology Co, a Chinese publicly traded conglomerate, (the "Galaz Disposal"), is proceeding as planned and is now expected to complete by 31 May 2015.
sloppyg: Had a chacne to look at the accounts and the cash position is not as rosy as some may think. This maybe contributing towards the moderate share price reaction. In June they received $10m of the $23m due from Galaz sale. However they only have $6m cash in the bank at the end of June. They still owed a further $8m on the A5/801 drills at end of June (trade payables) hence once paid will have -$2m. They received in September the balance of Galaz cash of $13m. however capital gains tax was withheld so they only received $8m. Consequently by my calcs(after a few expenses) they will be sitting with c.$5m in their bank after receiving all Galaz cash and paying for 801/A5. The two new drills are costing $15m in total hence they need the Baverstock cash of $11m to pay for these. This is why the interims say enough money incl. baverstock to fund drills. So in summary only $5m in Roxis bank by my estimations and not the fully funded $35m some are spouting.

Roxi Petroleum Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 26,000 7.85 27 Nov 2015 16:01:29 GBX

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