Rockpool Acquisitions Share Discussion Threads

[fungus footballhead] 11/2/2008 07:44

Hardman Mk 2 ?

[poo bear] 11/2/2008 07:26

A fantastic 5% drop overnight in Oz.

$1.87AU =$0.868p.

[bomfin] 11/2/2008 07:10

flabbergasted by the weak peformance here. Fortunate I wasn't in it because I was sorely tempted to buy around the 150p mark!!

[poo bear] 11/2/2008 00:10

Going down again in Oz...........

Seems the Oz market does not agree with you.

[nloughlin] 09/2/2008 09:16

The fundamentals of ROC remain sound. Improved production volumes and the possibility of upside, particularly in Angola. Share price deserves to be circa 20% to 40% higher than it is right now. Buy into a bargain.

[soulsauce] 08/2/2008 11:15

Tells me the share is good value at this price, in fact it's a bargain IMO.

[drago] 08/2/2008 11:14

but we're used to it.

a drop of only 2 p, surely the market can do better than that.
i'm offended

[hectorp] 08/2/2008 08:25

Not the news ROC fans need.

[poo bear] 07/2/2008 23:25

Not good news.

Lilac - 1



A water duster with gas florescence.

Why don't they try to lite a street lamp or two..............?

[michaelg1] 07/2/2008 09:58

Dedicated to SF.

[thegreatgeraldo] 07/2/2008 09:33

Odd.... 3 wells on the go at the mo..... possibly the price falls have more to do with leverage in the oz market than co fundies???

[poo bear] 07/2/2008 07:09

£1.94AU mid. = £0.887

Why should anyone buy here when the UK Market adds such a big premium?

[poo bear] 06/2/2008 07:37

Back down nearly 7% overnight in Oz.

Mid is 91p.

This needs some news to reverse it.

[thegreatgeraldo] 04/2/2008 12:35

PETOIL - 31 Jan'08 - 12:16 - 293 of 295


I am not sure making a reference to share price when production was 36boed is relevant.Market cap was then around £187m it is now £298m due to share issues.

..Really!! Fair comment if production was now 87boepd, but it's rather more than that ;-#))

[soulsauce] 04/2/2008 12:31

ommenting on the commencement of the drilling programme, Dr John Doran, ROC's
Chief Executive Officer, stated that:

"These next two wells in the offshore Perth Basin will go a long way towards
determining the near term potential for a new field development in the region.
Therefore, although we can't predict whether or not the wells will be successful
we can definitely say that they will be interesting!"

[harrykewell] 04/2/2008 12:31

I think I will stick with Dragon Oil for the time being.

[petoil] 31/1/2008 12:16

I am not sure making a reference to share price when production was 36boed is relevant.Market cap was then around £187m it is now £298m due to share issues.
A lot of bad news issued in last 2 years also.Downgrade of reserves in 2 locations.Higher taxes in china.?.All production now in decline.I sold when the directors sold some.It needs exploration success to keep price up.Not sure if market cap should be more than £250m in todays climate.

[dogdig] 31/1/2008 11:46

Encouraging report for 4q07 - and shares a bargain at this price - pity I dont have any spare cash at the moment..

[soulsauce] 31/1/2008 08:40

Put some in my ISA, this looks far too cheap given production and licences. This is producing the oil and revenue unlike some very highly priced companies hoping to drill in Russia that are valued very much more than this.

[thegreatgeraldo] 31/1/2008 08:37

One bit of good news!!! Current Angolan well is behind schedule, so recent price weakness seems unlikely to be due to that....

[poo bear] 31/1/2008 07:19

John Doran".........Given that when the
share price was last at this level the Company produced approximately 34 BOPD
and generated quarterly sales of $229,000, it is not unreasonable to suggest
that there is considerable potential for the share price to rebound strongly,
notwithstanding the current state of the equity markets."

Up just a little bit in Oz.

[poo bear] 30/1/2008 23:16

Well, dh I had thought to put a reason as to why things are boggy for ROC and grasped at the weather.

You explain yourself much better than I and I am now of the opinion that the weather has nowt to do with this er....... blip(?) down.

Something is afoot that we are not aware of when the share price flies against the market in such a dramatic way.

20% in 2 days in Oz?

If it does not bounce this evening .. well you decide.

[dunderheed] 30/1/2008 11:22

Didn't understand what you were saying poo - ie the cold weather leads to possible silicate build ups in risers (EDIT flow-lines oooppps!) or the oil getting a bit more waxy?

The only way - as I see it - that cold weather could hold up production was if it was via tanker from platform and the sea had frozen - other than that the cold weather should make no difference to production.

What is happening here is that a lot of the upside exploration is falling down thus reducing the P50/P10 reserves which companies like this are valued on.

Unless Angola comes up with something - and unless surprise upside from China (not to be discounted - according to my 'techy' mates - however for me looking increasingly unlikely following recent well results) - then this should settle at market cap around 250 million sterling?

Comments please?

[poo bear] 30/1/2008 11:15

Hmm........ good point.

Do you have feelings about this?