Rockpool Acquisitions Share Discussion Threads

[poo bear] 11/3/2008 06:46

That is disapponting, at least they know where is no oil, always a good thing if they can't find any.

LOL

[dr square] 11/3/2008 04:50

They shoot they miss



Can`t seem to hit a barn door right now

regards

[dr square] 10/3/2008 23:46

I Know Poo Bear I have these moments i BELIEVE SOME CALL THEM SENIOR moments

Regards

Whats your view of the Short situation here seem to be a controlled share ?? strange to have the level considering the drilling news level.

[poo bear] 10/3/2008 23:13

You Silly Billy Square.

[dr square] 07/3/2008 07:19

Increased hold

Edit should work now



always good to see

Regards

[dr square] 06/3/2008 17:53

Bought some today for a short period of time for the drilling news.

Regards

[dr square] 06/3/2008 04:11

Not me

would have but SEY has clobbered me :-))))

regards

[poo bear] 05/3/2008 23:09

Hands up who has made money this year?

Not me, loosing in fact!

[poo bear] 05/3/2008 23:08

Square that's where I went wrong............

I thought today was Thursday!!!

I know it's Friday now really, LOL

[dr square] 05/3/2008 07:59

Morning Poo Bear

leap years have that effect my dear chap. Hibernation sorts it out

Hope i find you well?

regards

[poo bear] 05/3/2008 06:43

I dont know what day it is..........!

[dr square] 04/3/2008 16:58

PETOIL

Thanx for the imfo

Regards

[petoil] 04/3/2008 12:22

Doran was in angola for results webcast last week.Seemed to be frustrated by logistics and well problems.Talking to angolans about development of heavy oil field.

[dunderheed] 04/3/2008 09:09

Its not a case of blocking - they are incredibly incredibly busy and also not the most efficient of enterprises!!

[thegreatgeraldo] 04/3/2008 08:20

Barring drilling probs, they should now be around TD...... maybe Sonangol have blocked updates?

[dr square] 04/3/2008 08:17

Question asked on hot cooper "The RNS was not put out by Dorran". Could he be in Angola?

No Idea myself but Mauritania is close China closer still.

May have a wager for an out and out punt but the shorts in Aus seem quite big by Roc standards 3 million plus.

Regards

[thegreatgeraldo] 04/3/2008 08:02

No mention of Angola?? Also not mentioned in the Feb 27th update.....

[triples] 03/3/2008 19:38

That article would explain all those buys...135 approx trades... a few more than the usual 10 or so :)

[dr square] 03/3/2008 15:40

Thats a big divergance between the uk price and ASX or have I got it wrong?

regards

[vavoom2] 03/3/2008 11:23

Sunday Telegraph




Roc Oil
Price 92.5p
Questor says Buy

Analysts were gushing about Roc Oil Company this week after the exploration group posted a strong set of results.

There was a record full-year turnover of $208.5m - up 90 per cent on the previous year - and it posted a trading profit of $87.4m compared with 2006's $22.7m.

Despite such efforts, the shares have moved in the opposite direction to the recent oil price, and at about 90p, are trading at a two-and-a-half year low.

The problem is, the oil and gas explorer and producer, which has assets in China, UK, Africa, and Australia, gave away most of the good news in its trading updates in January. As chief executive Dr John Doran admitted, Thursday's results were "boring".

As the company is an explorer, it has been shunned as investors look for safe-haven investments during these turbulent markets. It has a lot of debt - $133.3m on its balance sheet, although on the upside, it has secured a new four-year revolving $200m debt facility.

The group should this year benefit from higher oil prices and stable production and is currently drilling wells in Mauritania, China, Angola and Australia.

It is now one of the cheapest shares in the oil sector, trading at a 25 per cent discount to Oriel Securities' net asset value estimates, so any good news in the pipeline should fuel a rise in the shares.


Buy

[soulsauce] 02/3/2008 20:36

Thnx ammons!!

[ammons] 02/3/2008 20:32

"Roc Oil should this year benefit from higher oil prices and stable production and is currently drilling wells in Mauritania, China, Angola and Australia. It is now one of the cheapest shares in the oil sector, trading at a 25 per cent discount to Oriel Securities' net asset value estimates, so any good news in the pipeline should fuel a rise in the shares. Buy, says the Sunday Telegraph."

Lets hope this tip keeps the bears at bay for a while.

[poo bear] 28/2/2008 07:36

No link, I will try to establish which house it comes from.

"ROC CY07 Result - Initial Thoughts...
28/02/08 11:42 Mark Wiseman

ROC; Energy; CY07 Result - Initial Thoughts...

Event: Roc released its CY07 Result for the year ended December 2007

GSJBW Initial Thoughts

* Overall, the operating result is just a little better than we expected

* However, production guidance has been downgraded to 10,000boepd for CY08 (was 10-12,000boepd)

* No dividend declared (none expected)

Result Metrics

* Revenue: US$214m vs GSJBW US$213m

* Production Costs: US$30.5m vs GSJBW US$31.9m

* Exploration Write-off: US$89m vs GSJBW US$88m

* Hedging Loss: US$69m vs GSJBW US$69m

* EBITDA: US$21m vs GSJBW US$17m

* D&A: US$99m vs GSJBW US$105m

* EBIT: -US$77m vs GSJBW -US$88m

* NPAT (adjusted): -US$105m vs GSJBW -US$76m and consensus US-$27.7m (we believe consensus may adjust for the hedging loss). The adjusted result varies to our expectations due to our estimate of tax.

* DPS: No dividend; none expected

Outlook/Guidance

*
Production target: an average 10,000boepd for CY08. This is effectively a downgrade - previous guidance was 10-12,000boepd

Earnings Forecasts / Valuation / Target Price

* Under review

Recommendation

* Maintain HOLD

Teleconference Details

* 11:00am AEST (presentation to be released on website ~30 minutes prior; www.rocoil.com.au in the "Announcements" section)

* Dial-in 1800 730 020

* International Dial-ins - UK 0800 917 6701, USA 1800 248 8032, Other [phone]

12 Month Target Price: $3.15
Recommendation: Hold
Share price: $1.92