Rockpool Acquisitions Share Discussion Threads

[poo bear] 30/10/2008 14:55

Closed some at 26 and a few tenths.

Oil price as you say dropping off on this news,



See what happens overnight now.

[arja] 30/10/2008 14:52

closed at 25p in oz but punters here paying 29 and 30 with MM sysyem and oil price down today . I hope they are right as I have kept some overnight in OZ ! still time for oil price to bounce later hopefully .

[arja] 30/10/2008 07:53

yes, looking good indeed !

[poo bear] 30/10/2008 05:34

Another 11.93% on the share price overnight so far and oil towards $70.

[arja] 29/10/2008 16:50

it should perform the trick and keep going poo bear, especially with higher oil price and if dow holds up tonight ! If MM spread had been .5p or 1p , i would have added to my holding today !

[arja] 29/10/2008 07:55

hi poo bear,
yes, good performance in oz where i made a bit on a trade and kept part overnight . i see MMs have a wide spread at opening !!

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

Sell I don't know about you arja but up nearly 19% overnight would seem to be a result.

Now the trick is to keep that going......

tiswas - I will be interested with any result you may get, you will probably hear from Kevin Hird, ROC funnel all UK stuff though him.

[poo bear] 28/10/2008 21:22

DOW up 889, may assist tonight and tomorrow across the board.

[tiswas] 28/10/2008 16:27

And I guess the hedge peaking next year at 845 k and then falling off is in line with falling production? If so not a good thing?

I have e-mailed ROC just to check that the contract volume def is bpd

[blobby] 28/10/2008 16:18

"but 242k in 2008 when they are producing 10-13k bpd? Thats less than a months worth?".

There are only 3 months in the last quarter so I guess they are about 30% hedged. This should cover any loan repayments they have?

[tiswas] 28/10/2008 16:15

Production from the fields net to ROC averaged 4,800 BOPD for the remainder of September and has increased ROC's current production to over 13,000 BOEPD.

From latest report

[arja] 28/10/2008 15:16

poo bear,
etrade "stuffed" it up and I notice I did not buy any as was first reported- they are hopeless and often do not give a price to accept or reject ! Maybe better to just trade it in OZ if opportunity through CFD or with my OZ online broker !!
Good luck .

[poo bear] 28/10/2008 15:14

tiswas, can I assure you that I am no expert.

That disclaimer aside, it would not make good economical sense to hedge a majority of production as that would not allow for increases of decreases in production.

I am still working through the figures, so I also stand to be corrected by anyone who has had the time to complete that task.

[poo bear] 28/10/2008 15:11

Yes.

up to 10k not yet 13 k

[tiswas] 28/10/2008 15:08

but 242k in 2008 when they are producing 10-13k bpd? Thats less than a months worth?

[poo bear] 28/10/2008 15:06

Volume = volume per year which is hedged.

Looks to be a big seller out there...... under the bid for a few hundred thou' a time.

[tiswas] 28/10/2008 14:55

What does the volume represent? It cant be bpd as it is very small compared with production so what is it?

[poo bear] 28/10/2008 14:55

Hi arja - well short term thats a throw of the dice.

Long term I have much more confidence.

[arja] 28/10/2008 12:35

hi poo bear ,
just bought a few at 19.6 ! going against my rule as i did not intend to buy on UK market again because of the MMs and being at their mercy and wider spreads at times . But I just get the feeling it could turn up in OZ tonight and hope oil price does not slip back again !

[poo bear] 28/10/2008 06:47

3Q results.They make nice reading, share price up 2% which equates to not a lot.Full hedging table "6.5 Hedging The Company's remaining hedge positions for the period from 1 October 2008 to December 2011 are summarised below. Brent Oil Price Swaps : . Volume Weighted Average Brent Price USD/BBL 2008 242,998 71.38 2009 851,998 70.01 2010 686,994 68.46 2011 455,997 66.31

[poo bear] 27/10/2008 19:32

Thanks ROBIZM, I note the correction, I am confusing the figure I quoted with another oiler.

[robizm] 27/10/2008 17:17

Sorry hedge is $75.25 for 2008 and $70.01 for 2009. these hedges are well in profit as the hedge loss was unrealised.

[poo bear] 27/10/2008 00:24

18 pence mid in oz.

I think it's time to take a break till 2010.

For those of a nervous disposition do not click this next link.



Good night all.

[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