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RXP Roxi Petroleum

9.625
0.00 (0.00%)
24 Apr 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 Shares Traded Last Trade
  0.00 0.00% 9.625 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 9.625 GBX

Roxi Petroleum (RXP) Latest News

Real-Time news about Roxi Petroleum (London Stock Exchange): 0 recent articles

Roxi Petroleum (RXP) Discussions and Chat

Roxi Petroleum Forums and Chat

Date Time Title Posts
28/3/201711:01ROXI PETROLEUM PLC34,368
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 (RXP) Top Chat Posts

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Posted at 20/3/2017 08:22 by togglebrush
IMHO
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A fourth option may be, after going private, raising cash in London Market or Institutional Investment, that they SELL to a larger oil company with London share price being a marker of price and quality of the paper work.
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They already have Korean and Chinese connections. The Far East maybe the buyers home market. Several market deals have been made from that direction and set the precedent.
Posted at 10/3/2017 10:41 by rutter
Thanks smarty. It's just that as the share price drops even further after today's delay, there must be a time when it's worth an in and out punt. Sorry to go o/t. GL with RXP
Posted at 24/2/2017 08:35 by xclusive2
Well, that Broker note went down a treat. Are they preparing the market for a poor result on the deeps ? or building a stable foundation from the shallows valuation to then announce deep success ? I'm hoping for the latter and also hoping that Mr & Mrs L know more than I do. This is being de-risked from the shallow campaign and Yelemes structure, if successful, will make a big difference to the fundamentals. No longer a red/black play but no real cigar without the deeps.MJF structure will increase the P numbers, if they're lucky with 808 then Yelemes will do the same. Have they slowed the deep progress until post merger and Yelemes well ? Are they hoping for share price to ping and raise cash via placing ? They're going to need a lot of cash to drill the deeps, not to produce from them, they'll be acquired before any proper FDP. Prove it up as quick as poss and exit to a player with deeper pockets.They've not announced any P&A on current deeps and much they are low on cash and probably the reason for go slow, they are still live prospects. This will fly on deep success and if announced post shallow success then Roxi holders are about receive a significant return.Not a bad share to be involved with currently and the reward case far outweighs the risk. Just wished I'd not spent 10 years getting here. Still not out of the woods but a Yelemes success would improve things significantly.Smarty
Posted at 21/2/2017 13:10 by togglebrush
House brokers view. Date 6 February 2017

Roxi Petroleum Plc (LON:RXP) shares could more than double on the strength of its exploration programme in Kazakhstan, that’s the view of WH Ireland analyst Brendan Long.

Long, in a note, highlights the success of the current drilling to date and the potential that the company can add more value in the field.

“Roxi’s MJF structure has delivered exceptionally high production results and the well locations have increased the scale of that resource such that it now contributes 9.5p/sh to our target price based on our 10.5 mmb net recoverable resource assessment. 

“The company is currently drilling a look alike prospect, North Yelemes with Well 808.”

According to Long, the next prospect could potentially be worth 10.5p per share to Roxi, while the ‘full upside case’ sees a further 10.p per share to his valuation.
An initial well result for North Yelemans could come before then end of the first quarter, Long says, and production testing could take place after that during the second quarter.

The two projects present “potentially transformative catalysts”, he says.
“Roxi’s current valuation, based on our estimates, is weighted equally between its deep and shallow assets,” Long added.

“Drilling success at Well 808 stands to materially tip the balance by creating additional value in the company’s shallow asset base. The MJF structure and if successful the North Yelemes structure each have the scales to independently form the basis of a successful oil & gas growth company.”

Presently, WH Ireland rates Roxi as a ‘buy’ and it has a price target of 23.3p (current share price: 9.69p) – and that excludes most of the 30.1p per share ‘additional upside potential’ identified by Brendan Long.
Posted at 26/1/2017 21:12 by 1enigmatic
I won't be buying until I get the price down.I copy the same thing on various shares I am trying to buy over on LSE GENL RXP have a look at my posts on Rxp on LSE I am a millionaire don't you know.chow
Posted at 11/1/2017 13:12 by togglebrush
IMHO Objective seems to be in simple terms to get to Mid 2018 when company can
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a) sell its oil on International Market @ 50-60 per barrel as opposed to domestic price $10
b) sell itself or have the option to, to an International Company with added attraction of International oil prices business and a bulkier company.
c) Deeps are the jewel in the crown and are to be carefully nurtured
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Survival
Baversstock merger increases the cash flow with their higher profitability from their oil sales and will help keep the whole business from going base over apex.
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Company and Country appear to be having a rough time. Locals have to be careful not to rock or sink the operation before it reaches safe and calm conditions
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My rough calculations:-
Rough Baverstock ________________________________________Roxi using 2015 data
Revenues__ KRW 219 million = GBP 150,351 ______ RXP ____650,000
Net Profit KRW 162 million = GBP 112,212 ______ RXP ______6,540
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Extracts from the Full Year results published in June
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Business model
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The Board plans to develop the BNG Contract Area such that by summer 2018, the expected date when a full production licence will be applied for, the BNG Contract Area has been drilled to identify the greatest level of reserves and production consistent with not unduly diluting Roxi's shareholders interest in the asset.
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Prospects
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As stated above our strategy is to develop the BNG Contract Area to the fullest by mid 2018 without unduly diluting shareholders. This is 24 months away and it strikes the Roxi board as unlikely that the low prices of 2015 and early 2016 will prevail at that time.

Following the proposed merger of Roxi and Baverstock the enlarged Roxi will own 99% of BNG. Few large oil companies have maintained their exploration and development programme at historic levels. Provided we are able to demonstrate the quality of the deep prospects at BNG by then logic dictates it is likely that by mid 2018 there may be a shortage of projects of the quality of BNG for the majors to consider when reviewing their limited production profiles.
Posted at 10/1/2017 10:32 by togglebrush
Ref post 34017 and a quick FX conversion
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Putting some current FX values on the above puts RXP and Baverstock on par
Market Capital of Roxi Petroleum is just under £100 million

Stake KRW 5.6 billion is GBP 3,844,587 and 3.5% stake makes Baverstoke valued at GBP 109,845,343

I am not sure if these figures are accurate or compatible
All figures are same year end 2015

Baverstock GmbH reported
Assets KRW 6.1 billion = __GBP 4,187,854_______________RXP 52,500,000
Revenues KRW 219 million = __GBP 150,351_______________RXP ___650,000
Net Profit KRW 162 million = GBP 112,212_______________RXP _____6,500

Notes
KRW = South Korean Won RXP based on FY 2015 published June 2016 and converted to GBP
RXP Oil revenue is mainly at Explore rate of $10 per brl
Posted at 19/10/2016 07:57 by 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.
Posted at 07/9/2016 07:08 by 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” (“restructuring”) and “Glasnost” (“openness”) 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
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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’ 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
Posted at 29/1/2016 11:18 by 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.
Roxi Petroleum share price data is direct from the London Stock Exchange

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