Rosebank Industries Share Discussion Threads

[ambitive786] 28/9/2018 11:55

Drilling permits due!

[still waiting] 28/9/2018 11:51

drilling news or funding first ?

[euclid5] 27/9/2018 21:17

Still require funding, but has good potential considering what assets they have

"We have been working closely with the BLM on permitting in order to achieve this objective. Subject to rig availability and concluding project funding, it remains the Group's intention and expectation to drill its first Paradox well in the fourth quarter of this year.

[judijudi] 26/9/2018 07:44

What’s happened to the Cuba Gypsum operation?
The next big thing has mysteriously disappeared

[thinking] 25/9/2018 08:12

Interims published

[neo26] 24/9/2018 21:06

cheeky

interims are this week, permits were expected q3 but this is down to UTah BLM, they are imminent though...

[cheeky13] 24/9/2018 16:49

It`s news this week on interims and permits,or where all up the swanny without a paddle.

[neo26] 23/9/2018 20:59

Companies are valued on future potential on stock mkt, we are worthless now cause we needs permits and funding.Once both those fulfilled share price wont be cheap.

[neo26] 23/9/2018 12:07

Cuba did come through, Idien is useless but the project is decent.Placing likely coming but decent buy at current levels.The board have done one good thing, hired qualified team who is in charge of project.

[judijudi] 21/9/2018 23:39

No funds (or very little)
What’s happened to Cuba?
Iddiens not clever enough for a Rabbit Hat scenario
Ain’t gonna happen without huge dilution or a shyte deal farm in
imho
Should add happy to be proven wrong for long term holders sakes

[neo26] 18/9/2018 12:20

cmackay

"The improved funding position of the Group, as a result of this fundraise, will also improve the negotiating position of the Board as it progresses through the process of funding the drilling programme for the Company's first Paradox wells."

they have already used that card with the funding in May 2018, Idien doesnt have a good track record let hope he redeems himself.

I'm here predominately for the asset and the team that increased fidelities production from 100bopd-3500bopd in space of 18 months, they know the acreage from top to bottom.

[cmackay] 17/9/2018 23:28

They will need funding of some form. If it's a major paying the bills then they will want a favourable deal (and they will have the position to get it imho). A placing may strengthen the negotiations to Rose's favour to an extent. Bottom line is you have to speculate to accumulate so I would accept dilution if it pushes the project forward. Hopefully it's not a bloodbath, that's all I would ask.

[neo26] 17/9/2018 13:19

CmackayIdien is saying with horizontal wells they can extract c.900k boe per well.This is almost double the amount the verticle wells get.I am slowly coming to the opinion that rose may infact get a placing.Time will tell, im here for the asset and not Idien.

[neo26] 17/9/2018 12:00

H1 results out by the end of sept.Company needs to update us with regards to funding.

[cmackay] 13/9/2018 16:44

Thank you neo

[neo26] 13/9/2018 13:33

Less than 17% and only looked at one clastic. There are many more clastics(horizons) which were ignored.They are targetting solely the clastic 21 in this zone as other producers have been producing from this zone.Pre tax net rose was $122m just from this small portion of acreage and only one clastic.

[cmackay] 13/9/2018 13:09

Am I right in saying the independent verification is for the quarter or so of the whole section?

Regarding 900k capacity, I haven't heard that quoted. I don't understand how they could give that estimate without drilling and flow testing, is it based on current drills on trend (do you know)?

[neo26] 13/9/2018 10:21

CmackayThe project has been independently verified by 3rd party, the cpr proves it viability.Rose say each well drilled will have capacity to produce 900000boe.

[cmackay] 13/9/2018 08:45

Neo26 I hope that the project will outshine anything I may have picked up from the man behind it.

[neo26] 11/9/2018 17:47

We have news comin in the next few months.1) H1 results by end of sept2) permit for first well by end of q33)jv or placing4) drilling by year endThis can start moving quick

[neo26] 09/9/2018 20:46

cmackay

that would be real shady if thats the case, the mkt will never forgive him.

[cmackay] 01/9/2018 11:59

Neo26

I could hear in his voice that there was something he wasn't being completely open about. I don't dispute the projected newsflow you mention, but nothing finalised yet. Hope it lands, I have a little chunk but won't increase before something more substantial.

I am interested to know what the final resource is quoted as, but I won't assume anything. I've played battleships :)

[neo26] 31/8/2018 11:07

Cmackay

How did he sound suspect in recent interview?

Last few months they have released an CPR for the surveyed area which took place last year, this only took account of one clastic and the surveyed area was 17250 acres out of 80000 acres.

They have done great work to apply for apd's, they said in those interviews you mentioned they will apply for 2 apds but they have applied for 3. Its shows on this database in the link below..



They have said first permit will come in q3.

Updated cpr analysing other clastics will also be released shortly.

Farm in process, talking to number of companies.

So please tell me how this is suspect, i like to hear both sides of argument.