Rose Petroleum Share Discussion Threads

[buoycat] 23/3/2018 00:14

This is a speculative resources share. If things turn round, and they can in spectacular fashion, everyone will be crowing about how clever they are.

[geoff0458] 22/3/2018 12:35

POS 95% down nowt left for a bag of chips Scam!!!

[aimmafia] 22/3/2018 12:14

This is comical. What's the market cap now? 2 bob and a bag of chips

[nsk1] 20/3/2018 14:28

'Virtual data room' lol

[obmuj] 20/3/2018 13:17

RNS just out.

Noted:
No [more]dilution to shareholders etc - if any. We shall see.
NAPE: good interest. We shall see by next month.
Targeted spud area: Q4 and decision to be made on exact location in GUV.

Cionclusion:
Guess we live in hope; what else can we do with 95% loss - for me anyway.
Back to sleep for the summer whilst directors "holiday" in ......Cuba, maybe?

[judijudi] 09/3/2018 11:08

Hows the must do Cuba deal going?
Have they found a drill partner yet?
How much money is there left for Rose management salaries?

[aimmafia] 05/3/2018 20:19

Lol, share price is comical, raise raise and then another consolidation coming haha

[imjustdandy] 27/2/2018 08:47

Yes this will "go" big time from here

[imjustdandy] 27/2/2018 05:14

Rose concluded its programme to acquire 40 square miles of 3D seismic dataover a key area its acreage position in the Paradox Basin in Utah in late October 2017 and has now completed its initial structural interpretation over a 20 sq.mile lease position called the Gunnison Valley Unit (GVU). Initial seismic interpretation suggests that this area is highly prospective and Rose has alreadyidentified over 50 potential drilling targets.Rose has completed its initial structural interpretation of the 3D seismic data acquired over its Gunnison Valley Unit (GVU) which comprises part of its larger lease positionin the Paradox Basin. Analysis of the 3D data confirms a wide range of key geological structures and the identification of multiple drilling targets.The interpretation is an ongoing process. However, Rose's analysis has identified 53 potential well locations in the Cane Creek reservoir alone within the 20 sq. mile area of the GVU covered by 3D seismic. The map overleaf depicts clearly the focus of Rose'srecent 3D seismic survey within its acreage position.Rose's initial internal resource estimates are consistent with the Ryder Scott competentpersons report (CPR), published in 2014, which covers the company's 85 sq. mile Grand Main leasehold area (including the GVU acreage). For the 20 sq. mile area covered by the 3D seismic data, the report suggests that the gross resource potential is hydrocarbons in place of 450 mmboe and mean unrisked prospective recoverable resources of 32.5 mmboe. In the 2014 report, Ryder Scott also ascribed a chance ofsuccess of 56% for drilling in the Cane Creek reservoir zone which represents a relatively low risk prospect.As the map overleaf also depicts, Rose possesses a further 65 sq. miles of acreage in the Grand Main leasehold area and 48 sq. miles of similar acreage in the Emery Main leasehold area which all contain the highly prospective Cane Creek reservoir zone in addition to other Paradox Formation clastic intervals.Rose will now proceed with further analysis to refine the Cane Creek reservoir zoneresource potential. This work will enable the company to high grade its first well locations and evaluate other areas with the Paradox Formation which consists ofapproximately 24 clastic zones, of which Cane Creek is the primary producing zone to date.The company is currently progressing the Application for Permit to Drill (APD) processfor the highest priority drill target locations with a view to drilling its first well in H2 2018. Rose confirms that it is fully funded for these permitting activities.Rose is planning to exhibit the structural interpretation of its 3D seismicacquisition programme at the upcoming NAPE Summit in Houston Texas from 6- 9 February 2018. The company will use this exciting opportunity to meetpotential investors with a view to acquiring partners and investors to fund future drilling activities through joint venture or farm-in agreements. With negotiationsof this description already underway, we expect news flow to accelerate over Q1.

[pottermagic2310] 26/2/2018 12:29

That's all code for "syphon off up to 5.5m pretending to do something constructive"

[imjustdandy] 23/2/2018 08:02

I would imagine this 5.5m will be used now . Under the terms of the new amendment, Rose and RSOC have established a new two year Area of Mutual Interest ("AMI") across the Paradox acreage, covering approximately 9 townships or 324 square miles, in order to partner not only in respect of oil, gas, and/or associated hydrocarbon interests, but also in respect of lithium, or any other mineral interests.Through its existing agreement with RSOC, Rose currently has the right to earn a 75% working interest in the Paradox acreage in respect of oil, gas, and/or associated hydrocarbons for a carry obligation of US$5.5 million. Under the terms of the revised agreement, this will now include any hydrocarbon or mineral interests identified or acquired within the AMI.

[pottermagic2310] 21/2/2018 18:38

Don't bet your house on it... this is a perennial failure

[imjustdandy] 21/2/2018 10:02

Farm in partner should see this at 15-20p

[abergele] 20/2/2018 20:24

A rise today and no chatter,how strange,,oh well,,good evening all.gla lth's

[pottermagic2310] 09/2/2018 10:44

What was that gloop that we were going to 'mine' in Cuba ?
Why do we have to search for Oil in a place called Paradox ?
Why is any other 3rd Party actually interested in a Gold Mine that's never been of any Benefit to us ?

ROSE - Remarkably Obvious Shams Enacted !!

[nick159357] 08/2/2018 21:57

FIDDLE castro perhaps.

[judijudi] 08/2/2018 21:21

Cuba might save Rose!!
Maybe Raul Castro will be a farm in partner
2 joint ventures
Builders merchant in Cuba and Oil drilling in Paradox
:)

[pottermagic2310] 05/2/2018 13:41

Are we imminent ??....

[yesyesno] 29/1/2018 15:59

MMs controlling the share price with a massive spread. They don't want to buy because they've been tipped off that they'll be offered them. When they know the details they'll adjust the prices accordingly to allow them to sell what they have and buy direct at a cheaper price. So expect them to release their control and this to rise a few marks up from here at least.