Rose Petroleum Share Discussion Threads

[pottermagic2310] 11/1/2018 15:42

That £3m will be spent on themselves pretending to be Oil explorers and producers, sucking it out of the Business via smoke & mirrors as usual

[ant15] 11/1/2018 09:24

JudiJudi It is inconceivable to think that they could raise £3 million without a plan in place to get the oil out Of course I could be wrong but the cash raise was quite comprehensive and well received. Not worry 10 days time and we will all know what oil is there and how accessible it is. I do reiterate however that The Market Cap is so low compared with all of the rest in the sector that are at about the same stage. What PM suggests as an outcome negates to say that the size of the potential uplift when news breaks might well be worth the risk.Of course if you have been invested for the last few years then like me you will be nursing heavy losses.

[pottermagic2310] 07/1/2018 20:16

... and of course there is a long-standing reason why other Businesses are already operating nearby for many decades but NOT in our spot... it's rather aptly named Paradox

[judijudi] 06/1/2018 15:15

And if they don’t find a partner?

[vatnabrekk] 06/1/2018 15:03

Presumably they will be looking for a partner when they have identified the drill targets and processed the permits.

[judijudi] 06/1/2018 13:39

I’ll say it again
Even if the Seismic is outstanding
Without a White Knight or an absolutely monsterous Confetti type dilution, what good is it?

[dutch alert] 05/1/2018 17:52

You are too negative as always. Keep up the faith.

[pottermagic2310] 05/1/2018 17:30

LOLs... 83% probability of a $h!te outcome.

[dutch alert] 04/1/2018 21:44

17% change for favorable news is not bad for a gamble.

[pottermagic2310] 04/1/2018 21:22

This Business has only ever, ever generated poor outcomes generally, continuous Losses and totally shafted long suffering PIs.

Let's think about the actual News that may surface as a result of the 3D survey:

1) There is no Oil
2) There is a little Oil but nowhere near enough for a profitable venture
3) There's potentially a sizeable quantity of Oil estimated to exist but it's fairly inaccessible and wouldn't be profitable to pursue
4) There's potentially a sizeable quantity of Oil estimated to exist that's fairly accessible but wouldn't be particularly profitable to pursue
5) There's definitely a large quantity of Oil confirmed but it's fairly inaccessible and wouldn't be profitable to pursue (all Project development & ongoing Ops costs taken into consideration)
6) as for 5) but accessible and cost effective to drill at a Profit (Hoorah)

So, odds are 83% to 17% of unfavourable News (that's 1:5 odds on for $h!te News)... and that would fit the very long-standing Trend this Business has established for years now.

For those of us already approx. 98% down this is the reality.
For those recently invested or looking to invest, the odds are against you BUT it's also a high Risk for Reward scenario

[ant15] 03/1/2018 20:06

Very low market cap plenty of upside potential and many comparisons without the potential for success at far higher prices. Whatever has sparked the rise today it might well continue into the news which by all accounts will be good and mark the start a hefty re rate. Confirmation from the 3D that the oil is in situ and is accessible subject only to drilling permits and we will see this rocket.

[vatnabrekk] 03/1/2018 19:13

I'm not expecting news about the data interpretation results until 15th January at the earliest, so this rise must be due to something else.

[yesyesno] 03/1/2018 17:50

The cider addicts have either died on the winter streets or been told it's not worth their MM mates forking out a penny a post to try and stop this rising.

[aimmafia] 03/1/2018 16:37

I wonder if this is the start of the pre drill rise? Or am I being deluded?

[ant15] 03/1/2018 14:43

We might just be about to witness a surge in price as news hits Potter.

[pottermagic2310] 13/12/2017 20:16

A new "high"... over 98.5% DOWN !!

[cerrito] 12/12/2017 22:58

Did anyone make the corporate presentation on the 4th?

[pottermagic2310] 06/12/2017 15:27

Ha Ha Haaaaaa !!

They just make stuff up for months or years at a time, it eventually amounts to nothing but they suck the financial life out of the Business endlessly to the continuous disbenefit of all invested.

[jbennett] 06/12/2017 14:49

What happened to Cuba - anybody know?...

[pottermagic2310] 04/12/2017 11:17

8th to 22nd Jan 2018 and all may be revealed.... is this a real thing, really happening, for real ?

I have to remain sceptical for now as in reality, we really only have some digital data and the current stage is only really about interpretation of that data, i.e. there isn't any Gas (or any other valuable Resources), it isn't known if any Resources that may be present are accessible and there's no Plan or financing to get at any of it... that's my honest interpretation of what really exists and what really doesn't... this Business's history has always been about a lack of anything tangible and lack of anything profitable, so I'm struggling to see beyond the hard Facts still right now... but I am ever so slightly excited too, tempered by years of actual failure

[imjustdandy] 04/12/2017 07:06

And lift off

[pottermagic2310] 01/12/2017 13:29

Have you actually understood this ?!!!!!

The final, final completion of the disposal actually completes on March 10th 2018.
Furthermore, we don't actually get 1/3rd of the value due but get Shares in the other Business instead, which could be worth nothing by the time we are able to sell them on the open Market.

This is not good Business considering the timescales already involved and the lock-in.