Rockpool Acquisitions Share Discussion Threads

[poo bear] 25/10/2008 23:26

I thought it was hedged at $78 and yes that was the reason the figures were so bad last time.

a bit of rel;ief on its way IMO.

I'll stick it out.

[robizm] 25/10/2008 20:03

I Thought they hedged a few million at$70 per barrel, (which was why the loss was so bad) but know the hedge loss eliminated and actually worth something

[arja] 24/10/2008 15:29

poo bear ,
it is beyond me why investors do not just boycott MM stocks or even organise a petition to get them abolished ! maybe most UK born investors or traders have been brainwashed from an early age into thinking that they provide a service ( a service to themselves - YES ! ) . the spread on ROC at the moment is 5 p ( .5 cent in oz ) and MMs operate like a cartel and create illiquidity !
oil price picking up a bit . have a nice weekend .

[arja] 24/10/2008 14:13

yes, oil price lower today as presumably production cuts were not considered enough ! I did not try a trade in ROC last night as could not read it !

[poo bear] 24/10/2008 12:01

Looks like a trapdoor has opened here.

Mind the drop!

[arja] 24/10/2008 07:49

but at least it held at 52 ( about 20.8 here ) with oil price weakening again and dow futures falling sharply through the night.

[poo bear] 24/10/2008 07:29

JV PARTICIPANTS AND INTERESTS

Roc Oil (Bohai) Company (Operator)
24.5%

PetroChina Company Limited
51.0%

New XCL-China LLC
24.5%

Before today was Average Gross Production Rate for Quarter Ending 30 June 2008

17,155 BOPD so in excess of that.

Silly that there was no reaction in Oz.

[goodgrief] 24/10/2008 07:17

Pretty significant RNS this morning. Do they say how much oil they are pumping?

[arja] 23/10/2008 16:47

hi poo bear,
although ROC down 5 cents in oz on back of weaker oil price, it seems to be trying to bottom based on market depth. I see oil price firmer today in advance of cuts to be announced by OPEC. I watch AQP having traded it a lot in OZ some time ago. results due next tuesday . good luck with ROC and I hope to try a quick trade in it tonight if I can stay awake until midnight !

[poo bear] 23/10/2008 13:02

I think you are doing it right arja.

[arja] 21/10/2008 14:17

hi poo bear ,
no, I would never invest or trade a stock without doing my own homework. I realise you did not mean it as a "tip" but just an observation. chart looked interesting but I hate MM stocks as you know (although only .5p spread on that one) and may only re-enter ROC on oz market . Made a few hundred dollars on ROC last night but scared to keep it overnight in these markets . I see oil and gold tanked again today but might only affect the oil majors at this time. best of luck to you .

[poo bear] 21/10/2008 08:32

arja - please remember I am no expert so don't invest in anything on my say so.

[arja] 20/10/2008 16:45

hi poo bear ,
good points . yes, i almost tried a day trade in ROC on oz market but not confident enough - it was higher earlier in session. Seems to be trying to break out but oil still in $72 to $74 range unfortunately .
will check out chart of GKP- thanks for mentioning. My favourite trade in UK is RRS but got it wrong a few times lately !

[poo bear] 20/10/2008 15:10

It's not all bad news arja.

ROC stayed level in Oz, and th oil p[rice is firming up a bit since OPEC intimated they may cut production.

There is an oversupply so they are justified imo.

I have traded in and out of GKP around a core holding over the last few sessions and spent the profit on more ROC today LTBH.

31st October brings 3rd quater update, that will show assimilation of anzon, plus increased production both foreseeable through that and unforseeable from Chinguetti, so short term this should, (repeat should but also read could), rise back to an improved share price by year end.

Oil is still needed whatever the cost per barrel and ROc do have some hedged at $78 as I recall.

[arja] 19/10/2008 21:28

spoke too soon- dow came off in last hour or so sadly!

[arja] 17/10/2008 18:31

strong dow and firmer oil price on the news may mean a good day for ROC in OZ on monday. I will look to buy some soon after opening ! have a nice weekend poo bear .

[poo bear] 17/10/2008 12:02

Sterling today announce production from Chinguetti is now 17kbopod from 10kbopd, not yet in the share price here.

Shame it's Friday, the market may forget that by Monday.

[arja] 17/10/2008 07:16

a bit surprising after dow had a big rally ! But OZ market only followed the dow in early trades and even finished lower on the day in a sea of red . actually ROC
hit previous low and hopefully bottomed or in SOR territory. maybe needs an oil price recovery .

[poo bear] 17/10/2008 07:01

Seesm to be trying to make new lows here.

Quite a pasting in Oz.

[poo bear] 16/10/2008 08:02

Try this =

[arja] 16/10/2008 07:15

hi poo bear,
yes, it is just a bloodbath in markets and even gold price suffers . close of ROC was 60 in OZ on bigger volume . US futures down about 150 since dow clased at 9pm last night and normally one would expect a bounce after such a fall in day ! I was tempted to buy some ROC at about 60 level near close but thought better of it !! I suppose MMs here will mark it down about 4p if they follow oz. best of luck.
I could not download your link for some reason

[poo bear] 16/10/2008 07:12

What is clear from the presentation is that the North Sea assets are likely to be sold off as they do not fit in with Bruce's idea of the core area for ROC.

Also Mauritania shows only one well to be drilled in 2009 in Block 7.

Nothing for Chinguetti Tiof Banda etc. Could be thew operator Petronas has not yet announced their plans.

[poo bear] 16/10/2008 07:06

Latest Investor Presentation

[poo bear] 15/10/2008 22:47

arja - my thoughts, watch and wait today and tomorrow imo.

Looks like a down evening, but it could go down some more after tonight.

There will be a bounce but not yet.

Obviously I think we are at the bottom or thereabouts, the oil price is below $78 now and likely to stay below that.

Please do as you think right as I am an amateur.

[arja] 15/10/2008 10:44

yip, uk price ( OR should i say MM price) got ahead of itself and traded well above oz close after tuesday session. dreadful market sentiment means most stocks are suffering !