Rockrose Energy Share Discussion Threads

[croasdalelfc] 14/2/2018 13:10

Prospectus out

[croasdalelfc] 07/2/2018 18:31

CPR report out

[croasdalelfc] 29/1/2018 10:59

Malcy says it should refloat around 5th Feb

[dunderheed] 26/1/2018 07:32

Lol I think that will be 'sericaesque' in price performance! Although ifcthe siecial div is for current holders only this may hold back the rocket a little!

[gersemi] 26/1/2018 07:18

Developments though what is needed is a return to the market, pronto.

[dunderheed] 14/1/2018 18:23

Ok matey. Don't really like jog. Just wasn't impressed with trap but there you go. Am a spectator here but like the mgt for sure.

[gersemi] 14/1/2018 18:15

D-heed

No, not yet. Waiting for re-admission and then will take a position. Will see what happens to the price though I suspect it will attract keen interest. Hoping for some profit-taking but who knows

I did quite well with Ithaca and held Faroe but got bored (was hoping for a bid from Delek but nowt so far) and took a small loss there..

Holding JOG & SQZ as well

[dunderheed] 14/1/2018 16:18

Gersemi are you a holder?
Another great mgt team here.

[gersemi] 14/1/2018 09:39

Yes, I think on re-admission this may do quite well. I am also a little confused as to what we are looking at here in terms of cost structure and BOPD or even BOEPD. Is the output 100% crude or a gas-crude mix and if the latter what is the % split

This may well perform another Serica type rise when one looks at production levels

The North Sea is becoming a gem again with many producers upping their output and slashing their costs/bbl..

The oil-price is as ever the only factor oil companies can't really control


Not too long to wait now though as we were told re-admission before Xmas...

[divmad] 14/1/2018 08:45

Thank you for that, gersemi. I agree, an update CPR would be most helpful. Otherwise, valuations on re-admission are simply wild guesses.

[gersemi] 14/1/2018 08:36

Significantly bigger deal

Oil companies expert Malcom Graham Wood, in his daily blog, commented on the transaction which he described as being “significantly bigger magnitude.”

He highlighted that Austin is “as confident that one can be” that RockRose shares will be restored for trading before Christmas.

“On the facts available it is clear that this is a potentially company making deal that puts RRE well ahead of its target of production, by the end of next year a conservative 8,000 barrels per day,” the analyst said.

“The assets that have been bought from Idemitsu comprise working interests in 10 fields, employees and a London office which puts RRE into a bigger bracket, as promised at the time of the original raise.

“The deal is funded out of existing facilities and cash resources and I suspect a financed decommissioning package which we should discover when the readmission document and CPR are published.

“As a result of this it is impossible at the moment to work out a cost per barrel of the acquisition but I think it might turn out to be very attractive. More will be revealed when the aforementioned documents are published but I would guess that the irritation of suspension will be more than repaid by the reward when the quote is restored.”

[divmad] 14/1/2018 07:45

Is that 5400 barrels before or after the latest two acquisitions that settled in December?

[gersemi] 04/1/2018 07:47

It's not BOPD but BOEPD though not sure what the split is regarding gas/condensate. That aside, I do think the company will do well on its return although I'm no expert on such matters so all caveats apply

[croasdalelfc] 04/1/2018 07:44

5400 barrels a day @ $63 = $ 10m a MONTH with a Mcap of £20m

[croasdalelfc] 22/12/2017 09:48

5250 boepd got to be worth £50m Mcap.

[gersemi] 08/12/2017 07:11

Trigger pulled

[divmad] 18/11/2017 17:21

Where did they get that £22mn cash from?

[croasdalelfc] 18/10/2017 16:54

Income in 2018 could be something like 6000 x 365 x 50/1.35 = £80m.Market cap was £20m on suspension with £22m cash after all acquisitions .I bought £2k worth yesterday - just to test the waters -so I guess it's locked up for 3 months.It's probable they will read it to AIM with a placing at £2+ and use the proceeds to buy more assets. 10k barrels a day from Mid 18

[gersemi] 06/7/2017 07:23

!FOLLOWFEED

[asparks] 21/8/2006 09:54

Check out Northacre Property Development. NTA. FY results out today. Great prospects.

[cezary] 08/6/2006 10:30

Fleming Family & Partners Russia Real Estate Development Ltd
intends raise 300 mln usd from a listing on the London Stock Exchange's
Alternative Investment Market.
The company will invest in the Russian real estate development market with
the primary objective of generating attractive total returns for investors
through prospective net asset growth.