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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rheochem | RHEP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.875 | 14.875 |
| Top Posts |
|---|
Posted at 12/4/2011 12:51 by giant steps Prices for rheochem [RHE] on asx A$0.21-0.22, using xrate 1.55 gives implied 13.5p - 14.2p UK prices for rheochem [RHEP] 14.5p offer 15p Nice arbitrage to sell uk and and buy asx |
Posted at 05/4/2011 08:07 by addict 60% of a big number will be transformational for RHEP with market cap of only £34m. |
Posted at 23/3/2011 14:23 by madghaffi RHEP so it's James Faulkner of Watshot.com tipping RHEP |
Posted at 07/3/2011 08:33 by euclid5 could we get a small broker update / Note on Rhep on the basis of changing there business strategy after selling their oil fluid business - perhaps appear in IC / shares magpersonally alot of people will be calculating their 6 month profit in June 2012 for their share of Athena field cash income i read last night that Ithaca carried out some 3D siesmic's on Rhep's other field13/16B 17 will have to see if they had results from this one thing I noticed in the CPR for this field was the COS was a low 7% - not good to me as a high risk field - unless they can increase the CoS to the mid 20s needs a lot more analysing & past history investigating on their fields |
Posted at 06/3/2011 11:35 by omnitrix nice to see some quality posters like Kiwi looking at thisi have only started to look at it seriously since this transformational RNS but there is still time to do some work on it as lots of loose ends need tieing up before full go ahead for Lochard Judging by the graphic in the IAE presentation it does decline as one would expect but it has 20m bbl? so assuming 33% recovery one would imagine it'll last a few years providing cashflow to exploit other nearby prospects ? The other interesting thing is whether once they have the infrastructure in place they can tie in some more smaller prospects e.g. RHEP do have some licences next door to the Athena block ? Anyway it will be interesting what RHEP say in this upcoming exposition of the E&P prospects. I am sure it will be useful having the input of kiwi et al when that document is released and subjected to the keen analysis of this board. |
Posted at 04/3/2011 08:59 by omnitrix Agree, this one has been under the radar because it was 'complicated'Now as a pure oil and gas producer/explorer it could become very very interesting quite quickly I see IAE who own 22.5% of Athena (i.e. 2x RHEP) and are expecting oil production of 5-6k bopd (3-5x RHEP ?) are valued at 10-15x RHEP ? That can't be right ? |
Posted at 02/3/2011 15:47 by rivaldo Nice write-up in the IC - should play well in Friday's print edition:"Recovering Rheochem Created: 2 March 2011 Written by: Nigel Bolitho Rheochem has certainly tested investors' patience, but there should be better news ahead. At first glance, the latest half-year results are the usual story of disappointment. But they relate to a period when extensive floods in Queensland and South Australia forced drilling rigs to stop work for several months - so demand for drilling mud dried up. The same problem has occurred in 2011 but it isn't so bad. It's not so serious this year because the high price of energy is encouraging much more drilling activity, both offshore and for coal-bed methane in Queensland. Indeed chief executive Haydn Gardner says the current half year is looking "very promising" with expected revenues "well in excess" of the interim figure. But the spotlight at Rheochem has now spun back to the North Sea. After a major write-off, the company's balance sheet only includes one interest (valued at A$27.58m) and that is a 10 per cent net interest in the Athena field in the Outer Moray Firth. The operator, Ithaca Energy, has just completed a water injection well and there is one more well to be drilled. Oil should start to flow late this year with Ithaca expecting a flow rate of 22,500 barrels a day. RHEOCHEM (RHEP) ORD PRICE: 14.375p MARKET VALUE: £ 35.9m TOUCH: 14.25-14.5p 12-MONTH HIGH: 15p LOW: 5.125p DIVIDEND YIELD: nil PE RATIO: 13 NET ASSET VALUE: 15c NET DEBT: 21% Half-year to 31 Dec Revenue (A$m) Pre-tax profit (A$m) Earnings per share (¢) Dividend per share (¢) 2009 11.8 -1.81 -0.30 nil 2010 10.2 -1.60 -0.70 nil % change -14 - - - Aim: Oil services. £1 = A$1.5817 -------------------- TIP UPDATE Buy No brokers have full-year forecasts, but Rheo should turn in a profit if the demand for drilling rigs (and so mud) is as strong as Mr Garner suggests. The share price has recovered smartly from its mid-2010 low of 5p and the shares remain a buy." |
Posted at 28/2/2011 14:18 by rivaldo The historic interims were mediocre as expected given the Australian floods - but the outlook for H2 is extremely bullish.And the North Sea news is excellent, with everything on track and terrific potential from the new blocks. Some might be put off by the emphasis of matter at the bottom of the RNS, but imo this is just covering of backs. RHEP will presumably soon achieve full funding for Athena given the options available to them, including debt finance, given the near-term rewards. And the Zeus litigation appears to be of little consequence to the RHEP Board, with no provision made by Zeus and no Court news until late this year when the Athena monies will be coming in. I'd imagine that once an RNS covering the strategic review and/or the additional financing is issued the shares will lift off again. |
Posted at 27/1/2011 09:05 by rivaldo Not much need be said about the above other than that:(1) RHEP list a number of non-dilutive options for any extra, smaller financing (2) RHEP believe the legal claim "is unlikely to succeed" Evidently RHEP are pretty confident. |
Posted at 19/12/2010 09:57 by rivaldo Nice....From yesterday's FT - Santos, with whom RHEP have just renewed their onshore and offshore supply contracts, have announced a $16 BILLION LNG project piping coal-bed methane reserves. And (see below) what did RHEP say in their 2010 results? Santos secures 20-year LNG deal to supply Korea By Peter Smith in Sydney and Jung-a Song in Seoul Published: December 17 2010 07:08 | Last updated: December 17 2010 07:08 Santos, the Australian energy group, expects to launch its $16bn Gladstone liquefied natural gas project next month after striking a 20-year gas supply deal with Korea Gas, the world's largest LNG buyer. The Santos-operated project is one of four being developed in the Australian state of Queensland , where coal-bed methane reserves are to be piped hundreds of miles to the port city of Gladstone, converted into LNG, and then shipped to Asia's energy markets." From RHEP's 2010 results: "Coal Bed Methane Drilling activity in the coal bed methane sector is increasing and we see the potential for strong growth in this area. The Company has developed a range of products for the Coal Bed Methane drilling industry and these are gaining increased market acceptance. Further marketing is being undertaken to cement the Company's position in this sector." |
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