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
  +0.00p +0.00% 10.125p 9.75p 10.50p 10.125p 10.125p 10.125p 117,268 07:52:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.7 -1.3 0.6 14.6 94.92

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Date Time Title Posts
21/10/201612:08ROXI PETROLEUM PLC33,702
20/4/201612:31Moving Forward...325
08/9/201410:12Roxi Petroleum Plc - From Explorer to PRODUCER151
21/7/201414:04Roxi - Onward & Upward14
22/2/201223:59Roxi Open Thread No Rampers or Golfers Please240

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Roxi Petroleum Daily Update: Roxi Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RXP. The last closing price for Roxi Petroleum was 10.13p.
Roxi Petroleum has a 4 week average price of 9.53p and a 12 week average price of 10.09p.
The 1 year high share price is 13.13p while the 1 year low share price is currently 5.75p.
There are currently 937,433,077 shares in issue and the average daily traded volume is 1,446,247 shares. The market capitalisation of Roxi Petroleum is £94,915,099.05.
maxim1999: Well it is year 8 or what ever it has been seen IPO for me. My guess is the Share price is being more underpinned by a rising NAV as we get better news on the drilling. I think we have to keep waiting for news that takes us over the 20p level. Then I will finally slide out. I think I got my average from IPO of 50p or whatever it was to 12p so basically back to break even. Its been a giant distraction from life waiting for news on this. But all my fault. I originally bought in to the idea pre IPO as it was describes as the "consolidator of choice in Kaz". Hahaha. How naive. It would be an injustice of biblical proportions if we did not prevail at the end of the day. Fingers crossed !!!!!
whites123: Anyone else here excited about MAYA? They want to buy back 4,247,500 shares (10%) for a maximum of £5,755,750 They have already bought back 340,000 shares for £205,611 So they still have to buy back 3,907,500 shares with £5,550,139 They can pay up to 142p (£5,550,139 / 3,907,500) to acquire the outstanding stock but for every share they buy below 142p, they can pay more than 142p to complete the buy-back, so the price should keep stepping up. The objective of the buy back seems to be to get the share price up. This could triple from here. 19th Oct -2016 RNS today showing they bought back more shares.. In a lightly traded stock like this they have the mandate to buy back almost 4,000,000 more. Where will the share price be by then? Many many multiples of todays price is my best guess.
flawlesskicks: Omega is Sector - our institutional fund who bought 39million shares back in Jan. There are very, very few shares in open circulation at Roxi. I think this is also one of the reasons why the management are trying to control the news flow as the spike on a positive outcome may not help with the Baverstock merger at all. I really think that will need to be completed first and then the share price will be allowed to rise. Another month or two to wait but we will all just have to deal with it!
ngms27: timberwolf, I never said this: one minute your suggesting they won't be able to get the oil flowing, the next it's the Kazak's are going to shaft a few small investors from the UK for £10 or £20 million quid. What I have said is that I think they have a < 20% chance of flowing either of A5, A6 or 801 in a sustainable manner based on evidence to date. What field are you referring to? Remember 801 isn't the same structure / field as A5. The juries out on A6. The CPR stated the largest deep structure was <100m barrels and being totally honest they have probably chucked $40m at these so far and proven nothing. What shareholders need is for A6 to go much deeper than A5, A6 to be the same structure (in pressure communication) with A5, be fully logged and the depth of the oil column established, followed by a sustained flow test at commercial rates. That would certainly move the share price. A CPR would then follow to suggest what exactly has been found. If all the deeps fail to flow and aren't properly logged then RXP are effectively left with just the shallow's and an exploration license that runs out in 18 months. All acreage not proven is lost on this date. In this scenario current equity is well and truly screwed as despite what the puppet says the shallows aren't worth the current market cap. The Kazakh authorities cannot stop this happening, only the drill bit can and the problem is the rig is underpowered as admitted by RXP.
togglebrush: This morning on a trawl through the Annual Accounts, looking for options, I noticed a major change in management strategy in April 2012. ‘ “Perestroika&rdquo; (“restructuring”) and “Glasnost&rdquo; (“openness&rdquo;) introduced profound changes to old Soviet Union in 1992. In 2012 the accounts, Roxi did a reverse of Openness and restructuring ‘ Annual Report and Accounts 2011 ‘ These had the banner headline “Transition to Production”, Photographs, Maps, Graphics, and long passages of Dialogue in its 72 pages. ‘ Extract from accounts shows the necessity for change ‘ Future strategy…Given the Company’s financial constraints ‘ Management changes David Wilkes has agreed with the Board that he will transition his CEO responsibilities to Mr Oraziman, the Company’s largest shareholder and principal funder over the past few years, who has been an executive director since 2008 and who will become CEO, effective on 1 June 2012 ‘ Mr Clive Carver Non-Executive Chairman remains as Executive Chairman Mr David Wilkes Chief Executive Officer since left Mr Hyunsik Jang Chief Operating Officer since left Mr Kuat Oraziman Executive Director Mr Edmund Limerick Non-Executive Director remains recent buy 1.7 million shares , Ordinary shares in issue during the period 468,011,360 with share price of 4p at 03/01/12 ‘ Annual Report and Accounts 2012 ‘ These had NO Headline, Photographs, Maps, Graphics, and NO passages of Dialogue in its 50 odd pages. ‘ These were plain skeleton accounts which have continued to date ‘ Extract shows effect of change ' In contrast to previous periods the finances of the Company are robust. During 2012, the Company was funded by drawing on the increased US$7 million Vertom facility, which at 31 December 2012 was almost fully drawn. As previously advised Vertom is connected to Kuat Oraziman, Roxi’s CEO. ‘ We were delighted to sign the agreement with Kairat Satylganov in January 2013, for the investment of US$40 million for new Roxi shares to be issued at US$0.119 (7.4p) per share. To date we have called down and received the first US$12.5 million under the agreement which is being used to assist with the repayment of funds previously advanced by KNOC, other historic creditors and in connection with the on-going drilling campaign at BNG. ‘ NOW we still have plain skeleton accounts and are doing the old KREMLIN WATCHING to discover what is happening behind ROXI’s iron curtain. Share holders are in the dark and will “Abchurch&rsquo; make any difference ??? ‘ In conclusion whist Shareholders have been in the dark and shares in issue has more than doubled, the share price has risen to more than compensate for the dilution
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.
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.
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.
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.
Roxi Petroleum share price data is direct from the London Stock Exchange
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