Rockpool Acquisitions Share Discussion Threads

[arja] 09/12/2008 16:08

but not so much money to a wealthy investor who has a diversified portfolio i guess. Down 6 cents in OZ in spite of a bounce in oil price .

[wrightey] 09/12/2008 15:49

Two trades of 100,000 at 30p, wonder who wants this little turkey that much?

[arja] 05/12/2008 11:20

hi poo bear ,
just follow ROC at present but hold none and trading range in OZ too small to trade it . Closed at 65 I see after hitting 60. But weakening oil price not helping it and just a sideways pattern on chart with , sadly, possibility of hitting 48 to 50 cents area again where support level is . But could just as easily head to 80 again if oil price starts to pick up . I just trade currencies at the moment through spreadbets as much easier to pick intra-day trend and make a bit . Have a nice weekend .

[poo bear] 04/12/2008 08:04

Banda not likely to be production tested for another 12 months or possibly more.

Mauritania both on and offshore remains a challenging area for exploration and production imv.

[poo bear] 04/12/2008 06:14

More bad news today.

ROC have achieved significant production increases at Zhao Dong, share price has been marked down accordingly in Oz.

RNS follows this morning.

[thegreatgeraldo] 01/12/2008 12:46

Banda is a discovery, currently not developed & therefore not in production!!!

[goodgrief] 29/11/2008 16:56

Finger in the air calculations:-

Six production wells in Banda oil field producing 11,361 BOPD (ROC net 369 BOPD) - say new well produces 2,000 bopd, then ROC gets 100 bopd.

[wrightey] 29/11/2008 09:04

GG,

no real information on quantities has yet been released but as current well is a producer it must be in worthwhile quantities to go ahead.

[goodgrief] 28/11/2008 18:59

How much do you see BandaEast adding to that?

[wrightey] 28/11/2008 16:25

GG,
yea but they already produce 10k + barrels per day.

[goodgrief] 28/11/2008 15:56

A rather 'dry' update unless you're a geologist. And isn't ROC's share less than 5%?

[wrightey] 28/11/2008 11:02

Where have all the English shareholders gone? Not a word for sixteen days, even Banda update could not bring forth comment.

[arja] 12/11/2008 07:57

recovered well in oz to 72.5 after hitting 67 earlier . But oil price not helping

[poo bear] 12/11/2008 06:29

"Drilling Update: Banda East Appraisal Well, Offshore Mauritania
12 NOV 08

Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that as at midnight (local time) on 10 November 2008, the Banda East-1B appraisal well, has reached a total depth of 2,716 mBRT, and acquisition of wireline data has been completed.


The preliminary results of the wireline logging, Modular Dynamic Tester (MDT) pressure testing and sampling indicate that Banda East-1B intersected an 86 metre gross gas column, with 22 metres (26%) net gas pay and a 19 metres gross oil column, with 7 metres net oil pay (37%).


The fluid contacts were in line with the pre-drill expectations.


The Banda Oil and Gas Field is in approximately 300 metres of water depth and spans PSC Area A and PSC Area B.


The forward plan is to run the final casing and prepare for gas deliverability testing. There is no plan to test the oil leg at this time."

Good result, but for the furure it seems.

[fireplace22] 05/11/2008 07:45

RNS Number : 4613H Roc Oil Company Limited 05 November 2008


5 November 2008

ROC OIL COMPANY LIMITED ("ROC")


STOCK EXCHANGE RELEASE


DRILLING UPDATE: BANDA EAST APPRAISAL WELL, OFFSHORE MAURITANIA

Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that at 2 November 2008, the Banda East-1B appraisal well had achieved a depth of 2,443 mBRT. Current operation was to prepare to run Core¿2 from 2,443 mBRT.

The Banda East appraisal well was spudded on 4 October 2008 and the forward programme is to continue drilling to a planned Total Depth of approximately 2,800 mBRT.

Banda East-1B is appraising the Banda Oil and Gas Field. The Banda Oil and Gas Field was discovered in 2002 and is located approximately 80 kilometres from the Mauritanian coast in 300 metres of water, spanning PSC Area A and PSC Area B.

Participating Interests in the PSC Area A Joint Venture are:

Roc Oil (Mauritania) Company................................4.155%

PC Mauritania I Pty Ltd (Operator)...........................53.846%

Hardman Petroleum (Mauritania) Pty Ltd.................21.300%

Planet Oil (Mauritania) Limited....................................3.000%

Mauritania Holdings B.V.............................................13.084%

Fusion Mauritania A B.V...............................................3.000%

FP Mauritania A B.V.....................................................1.615%

[arja] 05/11/2008 07:33

yes, finished at 79 after dipping to 75.5 . But because of the MM system here , probably only no change in MM quote or only marginal change .

[poo bear] 04/11/2008 23:54

She's flying tonight............

[arja] 04/11/2008 10:01

my apologies poo bear . It was only Melbourne exchange which was closed for Melbourne Cup! closed unchanged as you will know in spite of weak oil price . I did sell at opening but look to re-enter !

[poo bear] 03/11/2008 12:30

Thanks.

Confident now.

[arja] 03/11/2008 11:34

poo bear,
in case you do not know, oz market closed tomorrow so no lead from there for ROC .

[arja] 03/11/2008 07:56

yes, LOOKING good and closed at 30.8p in oz where I enjoyed a nice trade and kept some as you have done . should be more in it! good luck

[poo bear] 03/11/2008 06:12

Whats going on, the big rise?

Oil to $70, share price up another 20% and a largish director buy.

Fair value coming back into the equation perhaps?

Still got some bought in the 40's

[arja] 31/10/2008 18:31

nice to see oil recovering to $68 as i type ! I thought about trading it when it was down at $64 but a bit nervous!

[arja] 31/10/2008 09:56

yes, there surely are and RRS is my favourite as you know but low volume and wide spread to put up with - but can it move quickly ! have a nice weekend.

[poo bear] 31/10/2008 08:07

Morning arja, yes it is volatile, but ideal to trade in and out, even with ROC if you apply a two or three day rule.

Director buying overnight.

Can't see the share price around this level too much longer but the influences are as you indicate imo.

I am looking for a drop in the price of oil today, I won't worry if it does not happen, I can wait for a new defining trend to appear short term to allow another short term trade.

Meantime there are others out there to play with.