Rheochem Share Discussion Threads

[longshanks] 02/11/2010 14:14

Reached my predicted 11/11.5p trading.

[love it] 02/11/2010 14:03

MM that had the seller has moved completely off the offer. Could get interesting if they are due to RNS the buyer and seller.

[longshanks] 02/11/2010 14:02

Someone is bidding for stock at 11.01p!

[longshanks] 02/11/2010 13:54

Could be MM's buying them direct from some of the large holders.

retail price is currently 10.89p to sell but I guess if you have enough and are on the end of a phone....

Either that or it is just large holders shifting portfolios around for tax purposes.

Doesn't look like this 11p offer will last too long.

[love it] 02/11/2010 13:46

Massive trades who and where are they getting them from?

[ducatiman] 02/11/2010 13:42

could do with an upward trend in the sp

[lr2] 02/11/2010 13:38

Picked up another 25k at 13:30.
Over 1.5 million bought immediately after my trade. Have I started a trend? :)

[ducatiman] 02/11/2010 09:01

L2 stronger at 2v1, need novm to move from offer then longshanks prediction should happen.

[rivaldo] 02/11/2010 06:54

Up 6% to 0.17c in Australia overnight.

[longshanks] 01/11/2010 16:26

some serious volume again today - including a 500K trade at 11p. Ending the day at 1v1 but looking prime for further moves upwards over the week.

Liquidity on ASX has all but dried up with quoted spread at the equivalent of 14p on the offer so all the running will be on AIM I feel.

[rivaldo] 01/11/2010 14:15

Thx longshanks - L2 updates are always appreciated when things are interesting as they are now.

[longshanks] 01/11/2010 13:09

Could be about to move again.

Has gone from 4v3 to 6v1 on L2 with the buying today. MM's look like they're positioning themselves for an 11/11.5p spread.

[rivaldo] 01/11/2010 08:51

A mention for RHEP in today's Independent FYI. It's surely a major coup for little ol' RHEP to have been so successful in the licensing round:



"Small Talk: Smallcap oil and gas explorers scoop North Sea licences
By Sarah Arnott
Monday, 1 November 2010

It has been a busy week for small-cap oil exploration and production (E&P) companies with an interest in the North Sea. The Government's 26th offshore licensing round – postponed from early 2009 on account of the financial crisis – finally concluded. And out of 2,818 possible blocks on offer, a thoroughly healthy 114 licences covering 268 blocks have been awarded, with another 90 still undergoing environmental assessment which may yet turn into licences.

One of the biggest winners was Faroe Petroleum, which was awarded 23 blocks on the same day as the company announced its £60m purchase of an 18 per cent interest in the Blane field off Scotland from Italy's ENI. But Faroe was just one of a slew of successful AIM-listed exploration and production (E&P) companies including Xcite Energy, Valiant Petroleum, Antrim Resources and Zeus Petroleum (a subsidiary of Rheochem). Of the majors, only France's Total made a strong showing, with 11 blocks.

The changing shape of the North Sea industry is a direct result of government policies aimed at getting the most out of the maturing North Sea fields. Alongside tax changes offering incentives for development of challenging finds, such as high-pressure high-temperature deposits, a tweak to the licensing terms sees the window for licence-holders to fulfil their survey commitments lengthened from six to nine years, to help smaller explorers.

"The ambition is to extract as much hydrocarbon out of the North Sea as possible and as the field becomes more and more mature, the finds will get smaller and will be more economically suited to smaller players," Graham Sadler, the managing director of Deloitte's Petroleum Services Group, said. "The latest licensing round targeted smaller companies more than in the past and what we are seeing is a higher proportion of independents with a different economic threshold to their larger counterparts.""

[bomfin] 29/10/2010 00:17

1955,

I agree. I'd be surprised if the DECC would issue Zeus so many licences if they thought that their current main licence was going to lapse.

[7kiwi] 28/10/2010 20:01

riv,

You need to do some more research.

I have reason to believe some other companies don't rate the new Zeus acreage that highly and think Athena might be the limit of the oil migration.

Time will tell if that info is right or not.

[longshanks] 28/10/2010 16:42

looks like someone is back to filling their boots. should see a steady rise from here to 15p by Xmas I reckon.

[ducatiman] 28/10/2010 12:46

they must be confident that they are going to hold onto thunderball and metis, otherwise why add more acreage that needs development/funding. More news to come here I think.

[rivaldo] 28/10/2010 11:21

The CEO's comment says it all - remember the m/cap here is a mere £25m:

"Haydn Gardner, CEO of Rheochem said:

"We are extremely pleased to have been offered these exciting appraisal and
exploration blocks and look forward to the final award. This builds on the
existing North Sea portfolio which includes a 10% interest in the Athena
development, a 90% interest in the Thunderball gas discovery and a 100% interest in the large Metis prospect. The addition of these blocks adds significant acreage to our E&P business with upside potential on known hydrocarbon systems and in which we have considerable equity interests."

[lr2] 28/10/2010 10:43

Duplicate.

[rivaldo] 28/10/2010 10:24

I'm definitively a complete oilie amateur, despite having fluked some big wins in my oilie adventures (including GKP, EEN, HOIL, DGO etc). So I'd like to ask the experts some questions if I may:

- Zeus appears to have had a great deal of success in this licensing round relative to other bigger companies like IAE for example (its partner in Athena), especially given its tiny size. Why might this be - would IAE simply not have applied? So is this some sort of coup for Zeus/RHEP?

- do these awards give Zeus/RHEP any additional leverage in terms of the (now much reduced) funding necessary for Athena etc?

Thanks.

[bomfin] 28/10/2010 09:29

Sounds very promising. Does anybody know who AWE are who also got awards?
It's not the Australian AWE entering the North Sea is it?

[rivaldo] 28/10/2010 09:28

Indeed it does ducatiman - whoosh :o))