Rockpool Acquisitions Share Discussion Threads

[poo bear] 21/9/2008 22:32

Pillion that's pointless, say something with it?

Ho ho Square, reply tomorrow.

Oil showing $106 futures, big lift in conjunction with good news for the markets, may mean a rise here overnight.

[dr square] 21/9/2008 21:10

Hi Hectorp hope your well sir?

Poo Bear back playing in here ? bit of bottom fishing? Of course you and your four legged partner are well Sir?

Have to say still think the takeover was a stalling process and we got away with it. Time will tell.

Lost a bloody fortune this month worse than the divorce LMAO.

Do we still think on this thread (open to all) that Roc have assets that they have not forward booked? ie Angola, China, Possibly Mauritania?????

Welcome views on this as Angus is well exposed to this one.

Regards

[poo bear] 21/9/2008 16:53

any chance of a link?

[rocketblast] 21/9/2008 10:58

interesting recommendation on ROC in Money Week.

[poo bear] 19/9/2008 14:15

And we have Director Buys today plus the start of an Angolan appraisal well, not available to the Oz Market, these were released this morning.

Things will start moving up here very soon I think.

[poo bear] 19/9/2008 08:51

".........Wonder how much management walked away with?"

Good question.

As this was a paper exercise too, it is a great deal for ROC even though soem at the first approach thought it was overproced.

It's not.

Basker could be quite a jewel in the crown too and safe production never mind the rest.

Moving nicely today.

[goodgrief] 19/9/2008 08:26

Funnily enough I hung onto Anzon thinking it'd be bought out at a premium. Didn't think it'd go at firesale prices. They were taking in about £15m with each (ship/super)tanker load of oil every two months or so. It wasn't like they were going bust...

Wonder how much management walked away with?

[poo bear] 19/9/2008 06:45

That's better up today to 45p mid. (13.98%)

Significant imv and a beneficiary of higher oil prices and the takeover prospects in this sector.

Even with ROC being a predator just now, at these prices it could mean they get swallowed by a bigger Chinese fish for 20kbopd by 2011 with a fair wedge of that in their backyard.

Not that anyone should buy on the hopes of a t/o premium, not a good strategy.

[poo bear] 18/9/2008 11:11

Thanks DH, that's a very clear explanation and helps me to understand how this works.

[dunderheed] 18/9/2008 09:30

Exactly - would have thought they would have done (easily!) anyway?

[goodgrief] 18/9/2008 09:29

Following the takeover of Anzon, won't they have enough production from Anzon wells to satisfy existing contracts?

[dunderheed] 18/9/2008 09:09

Well not really if they produce the bbls - it just means they have to sell at this price - which will have been planned within their own capex spend budgets - okay we know that capex has gone up but still should not be that bad or the reason for such share price weakness.

In the interim period - before these hedges 'close' - there is a finance adjusment in the accounts which recognises the exposure to these hedges if production stopped and they had to buy the oil in market to satisfy their liabilities.

Nothing to worry about as this will disapear with time - as long as production is maintained to produce enough to satisfy these - of course if production is down from their initial budgets - then this means that the marginal - more 'profotable' production will of course be lower.

[poo bear] 18/9/2008 09:03

I think it is the hedging that has caused this. ($78 a barrel wasn't it?)

[dunderheed] 18/9/2008 08:22

Yep poo doesn't look very good does it - what a change a year makes from all the euphoria over Angola!!

They had hedged a lot of the debt to future oil sales thus this is okay if they do not drop on production - just means they dont make as much profit on these hedge volumes.

Thus am a bit mystified as to why share price is so low - however in these markets who knows!!

[poo bear] 18/9/2008 07:37

And over 7% it is with a new 38 pence mid.

At this rate.............

?

[poo bear] 17/9/2008 23:40

It's going to fall 400% tonite as that is what the Dow went down by...........

Err.

Well it''ll go down any rate.

Whats a few hundred percent amongst friends?

Hi DH, I still love you.........

[dunderheed] 17/9/2008 09:32

It's a liitle difficult to fall more than 100% in a year - unless of course we are assuming some of the liabilities of the company and we are in negative share price?!

[hectorp] 17/9/2008 08:28

Has fallen 300% in a year - more than even the RBS!
must be value here sometime !

greetings P-B and Dr Square.

[poo bear] 17/9/2008 06:47

Currently 8.5% down on yesterday.

42p mid in Oz........

[ohisay] 16/9/2008 08:47

Another stonking buy rec from I/C.

[fredling] 13/9/2008 20:37

Don't worry this share will ROC and Roll soon!

[goodgrief] 12/9/2008 10:52

ROC picks up Anzon for a song then gets a BUY recommendation in IC.
Aussie oilers... no-one gives a XXXX obviously !!??

[leeson31] 10/9/2008 13:11

hey lineman. :-)

cheers

[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.