Rockpool Acquisitions Share Discussion Threads

[lineman] 10/9/2008 08:06

morning mate

Kevin Hird has just been on Bloomberg - sounded positive. over one hundred exploration outfits on AIM so reckons that consolidation is due as money becomes less available.

[leeson31] 10/9/2008 07:46

hello fella's - what is roc's P2 reservs figure, and current production ?

many thanks,

Lee$on

[dr square] 06/9/2008 02:24

Well oil is well and truly out of favour, ROC get given money a rig slot more % of a 170 barrel prospect with a drill next year and we go down.

Regards

[yangou] 05/9/2008 08:36

Doesnt look like that this morning

[dogdig] 04/9/2008 09:22

Glad it is done - upwards and onwards!

[markfrankie] 04/9/2008 00:09

nice bit of cash flow for roc now they won anzon, roc got the brilliant deal of the year !!!!

[goodgrief] 03/9/2008 10:32

You got a bargain in Anzon, but are all Aussie oilers so limp wristed ?

[fredling] 29/8/2008 19:29

Drago,

Hopefully it does.

Appreciate that I may be whistling in the wind but something has to trigger an upturn!



But WTFDIK


Regards,

Fredling

[drago] 29/8/2008 10:29

does that count

[fredling] 27/8/2008 20:59

Director's wife has bought shares!


Fredling

[poo bear] 26/8/2008 23:00

Erm.........

Did ROC hedge at $78USD some time ago which would account for this?

i.e the have agreed to supply x barrels @ $78USD, ( I am certain about that figure), over a certain time span which although I can't recall dates may still be in effect?

Does this also account for the move on Anzon as they have production which may, repeat may, take up the slack in the production that they now feel from China and Mauritania?????

That accounts for the weakness in the share price if so.

Makes sound economical sense in the end.

That would explain your creditable calculations DH and also make sense to people like me who don't understand too much about much.

I apologise for viewing and replying post a decent New World Chardonnay but your posting was thought provoking even in my warmed condition.

[dogdig] 26/8/2008 14:45

Thank you Dunderheed - a little worrying that it is so much but I guess time and production will take care of things!

[drago] 26/8/2008 10:46

looks good apart from the derivative hit, ouch!
quite a bit of debt too.

[dunderheed] 25/8/2008 13:47

Simple accounting - they have a liability to 'honour' at some point in future - thus if all their production suddenly stopped they would have to buy the oil in market to satisfy commitments - thus as oil gets higher so this liability gets higher - however as time goes on so does the remaining commitment to supply drop hence should see this drop as well however obviously during this period the increase in oil price fully offset this drop in commitment.

[dogdig] 25/8/2008 13:43

Thanks for the links.
I must confess I do not understand the derivative loss - except that it seems the higher the price of oil, the higher the loss - a bit strange to me as a newbie to this sort of thing but maybe there is an upside somewhere?
Any simple explanation would be welcomed!

[tonudiki] 25/8/2008 11:30

2008 half yearly results and presentations out in Oz.:-






The company doesn't understand the low share price either(!), but a big unrealised loss on a derivative re oil prices will, I reckon, have contributed to the fall.

Otherwise, things look fairly positive..........

[drago] 20/8/2008 12:08

nloughlin
the oilies have been terrible recently, roc one of the worst for me.
if i had the cash i'd buy something else in my isa. look at sqz director purchases the other day for example.
imho
kicking myself for not selling roc when all the directors sold

[nloughlin] 18/8/2008 17:23

What an unbelievable story. I have held ROC shares for about 3 years now. China looked like a real winner only to be disappointed by the reserves. Western Australia looked good for a while. Angola was to be the 'Company Maker'. Can't believe the shares are about 55p. They are well under valued for the assets and production ROC has.

I am going to be brave and buy heavily at this level. The bottom is hit and this share price will not go lower.

[ohisay] 15/8/2008 00:07

Ed123 I read your post .I can't see why any AEL shareholder would accept ROCs offer hence my question .

[ed 123] 14/8/2008 11:09

ROC edging up because it looks like getting its hands on good production for a low price?

My thoughts on AEL.

[poo bear] 14/8/2008 10:58

She's up today, up again tomorrow and I may think it's the end of that trend.

[poo bear] 13/8/2008 10:38

".........ROC has also announced its intention to make an off -market takeover off er for all of the shares in Anzon Australia Limited
(AZA Takeover Off er). As AEL's only material asset is its investment in AZA, the number of ROC Shares you will receive under
the Scheme is to be set by reference to a value of $1.65 per AZA Share (the implied off er price under the AZA Takeover Off er as
at 13 June 2008). Based on current estimates, the implied merger ratio for AEL Shareholders (Merger Ratio) is approximately
1.33 ROC Shares for every AEL Share held (Scheme Consideration).1 As at 13 June 2008 (being the last Trading Day before
the announcement of the Merger), the value of the Scheme Consideration was estimated to be $2.69 (£1.30)2 per AEL Share.
AEL Shareholders should note that the ROC Share price has declined since the announcement of the Merger on 16 June 2008,
which has had the eff ect of decreasing the current value of the Scheme Consideration off ered under the Merger.
The Merger with ROC will provide AEL Shareholders with a number of important benefi ts including:
n Substantial premium to historical trading prices – Based on the estimated value of the Scheme Consideration of $2.69
(£1.30)3 per AEL Share on 13 June 2008, the off er for AEL represents a signifi cant premium over the historical market price
of AEL Shares. This includes a 35% premium to the closing price of AEL Shares on 13 June 2008 and a 103% premium to the
closing price of AEL Shares on the last Trading Day on which AEL Shares traded prior to the Initial Approach Date;........"



Does it impact?

No.

[ohisay] 13/8/2008 09:43

Is the Anzon acquisition now a done deal or does the recent ROC price fall impact on it at all ?

[poo bear] 11/8/2008 07:49

Not a good linked item but I have posted as much as I can.

"JP Morgan rates (ROC.AX


ROC OIL COMPANY11 August,200811/08/2008 16:45 Sydney, Australia.
Price Change % Change
1.195 -0.030 -2.450%

Company overview
Real-time quote
ROC.AX , 1.195, -0.030, -2.450%) as Neutral - The broker is forecasting a modest loss in terms of normalised earnings for FY08 and with downgrades to consensus numbers likely in its view it retains its Neutral rating leading into the result......."

[poo bear] 11/8/2008 07:24

55p mid! (=$1.20AU)