Roxi Petroleum Share Discussion Threads

[xclusive2] 19/10/2016 08:59

A touch of the 'sour grapes' Jonny. You've decided that there are better homes for your money elsewhere and you maybe right but let old Toon and some of the LTH's have a bit of fun as there hasn't been much to shout about. I could be critical and cynical re the wording of the RNS but anyone invested at this time knows the risks associated with Mr Carver and the Pox.Fingers x'd.

[konil] 19/10/2016 08:59

good news rns today.


smarty, read my last 2 posts properly please.

your post, "I don't agree the 'news' has been abysmal."

that is exactly what i have been saying, the newsFLOW has been abysmal, the jury on news is still out, could be good or bad.

and as good as today's rns is for the shallows, its all about the deeps. a6 news encouraging but not conclusive.

as regards my cash and other concerns, i invested here when cash was not such an issue, now its different. but on the plus side they also have 3 deeps drilled and waiting on results, so i'm not quitting yet.

just because i have major concerns which you (and perhaps most here) do not share, doesn't mean i'm blind to the massive potential.

sorry, you're stuck with me and my concerns for now at least.

[ngms27] 19/10/2016 08:50

What's the next RNS, Sonde stuck in the well, fishing started?

Groundhog day anyone?

[xclusive2] 19/10/2016 08:46

Well Toon, I'd say your timing was perfect, not so sure about Jonny's though.No slam dunk yet and all this buying today is probably new money that probably will be in and out quickly. I'm really hoping that A6 is the real thing and can't help being cautious and cynical after 9 years !!

[xclusive2] 19/10/2016 08:07

Low key is an understatement. Not like A5, shout it from the roof tops 'BNG DISCOVERY !!!' . There seems to be more focus on the shallows and they're either trying to position the shallows as underpinning the current sp, readying us for bad news OR they're not wishing to make the same mistakes as with 5 and 801. Smarty

[control1] 19/10/2016 08:01

Hey, I hope for everyone's sake that they pull this off because I do still have a core holding here but the rest has gone elsewhere this year, notably 88e, SOU are HUR (with a bit of PANR as well).

Cynical..? - you bet I am. Note this re A6 from the 11th April 2016 RNS (when it was supposed to be finished)

"At Deep Well A6 we look forward to the findings from the drilling of the potentially oil bearing section"

So that is 6 months of nothing. Let's see how long the phrase "in due course" actually means.

Toon, good timing, be careful...

[whites123] 19/10/2016 07:57

Anyone else here excited about MAYA?

They want to buy back 4,247,500 shares (10%) for a maximum of £5,755,750

They have already bought back 340,000 shares for £205,611

So they still have to buy back 3,907,500 shares with £5,550,139


They can pay up to 142p (£5,550,139 / 3,907,500) to acquire the outstanding stock but for every share they buy below 142p, they can pay more than 142p to complete the buy-back, so the price should keep stepping up.

The objective of the buy back seems to be to get the share price up.

This could triple from here.

19th Oct -2016

RNS today showing they bought back more shares..
In a lightly traded stock like this they have the mandate to buy back almost 4,000,000 more.
Where will the share price be by then?
Many many multiples of todays price is my best guess.

[ridicule] 19/10/2016 07:52

Almost cynical!! My gateway must be flowing faster than yours.

[thetoonarmy2] 19/10/2016 07:51

Well hope my top yesterday was fortuitous if so it must be the first bloody time with this share all we need now that A6 seems to be OK is A5 & 801 to clear up and its off tothe races. :)

[bad gateway] 19/10/2016 07:24

Taken them so long to get here I suppose timber. You can see what its done to Control1. He sounds almost cynical.

[timberwolf3] 19/10/2016 07:21

Really low keying A6 aren't they.

[bullinachinashop3] 19/10/2016 07:21

1000 bopd just from the shallows. A6 200 meters about to test amazing.

[bullinachinashop3] 19/10/2016 07:18

199 meters of oil at a6 by the look of it! Work it out no stuck pipes or shopping trolleys ready to flow wow

[control1] 19/10/2016 07:15

So, A6 flow test in 2018 then...

[bad gateway] 19/10/2016 07:13

They're getting ready to flowtest? Didn't expect that. G.L to the longtermers here hope it gushes.

[togglebrush] 19/10/2016 07:06

RNS Operational Update ,,, extract

Clive Carver, Executive Chairman said
'
We believe the successes at Well 141 indicates the MJF structure extends over a considerable area.
.
At A6 we have managed the very challenging drilling of the well better than with Deep Wells A5 and 801 and accordingly will better placed to move to flow testing in due course.

[control1] 18/10/2016 23:27

ooh jonny's gone blue - what happened, get kicked off one of the boards...?

Toon, I used to do that. I hope you are luckier than me as it cos it ended up costing me £1,000's expecting this company to deliver anywhere near their OWN timescales....

[xclusive2] 18/10/2016 23:20

Konil,I don't agree the 'news' has been abysmal. There is no conclusive news on any of the deeps as yet so nobody knows where we really are. Their communication is poor and their messaging inconsistent but what's the point in investing here if you think that the cash is about to run out, if you believe the news has been abysmal and could be diluted further by Bav merger. Sounds like you need to put your investment elsewhere surely ?Not knocking you K but if you believe the above then you should surely run a mile from this. Jonny,Time for a fill up, your glass is leaking again.Smarty

[konil] 18/10/2016 17:02

smarty, you are misreading my words. newsflow is not the same as news.

abysmal newsflow - well it most definitely has been!

news (when we eventually get it) could be of any sort.

i never mentioned cash in my last post, but as you raise it, yes it is still a concern for me, i dont accept the 'its alright' line of thinking, not until we hear proper news on cash from the company.

i never mentioned the baverstock merger in my last post, but as you raise it, yes that too is a concern for me until we know the details of the deal.

agree with one thing though - its all about the deeps.

[bullinachinashop3] 18/10/2016 16:00

it is fkn boring that's for sure.

[ngms27] 18/10/2016 15:54

How soon is soon enough? Another 2 years?

[xclusive2] 18/10/2016 15:52

Konil,

Uncertainty and abysmal newsflow ?

I think you should re-evaluate your investment decision here if you believe that you're about to get abysmal news. Uncertainty, yep welcome to O&E, no guarantees in this sector and that's why this is the big risk/reward game. 5p or 30p is a real reality and you know that from the MXP fiasco. If you believe there's no cash and we're about to be diluted to death by the Baverstock merger then you need to sell up pretty pronto.

The share price is holding up as there is no selling pressure and if everybody believed that Roxi was a real 'going concern' risk at this juncture then we'd be bashed and on top of Motley Fools or any other commentators hit list by now. The fact is that Roxi could limp along with the shallows from 2018 and fund that operation without huge risk but the return would be miserable. It's all about the deeps and we'll know soon enough.

Smarty

[thetoonarmy2] 18/10/2016 13:02

Konil, I just got another 200k @9.15p on a T20 adds to the lump I have surely third time lucky with this drill as they say even a pig finds a truffle now and again:)

[konil] 18/10/2016 11:12

can't understand why/how the share price is holding up in the face of uncertainty and abysmal newsflow from the company.

ok, any pi selling is small scale in terms of overall number of shares, but probably not so small scale relative to 'free float' which as discussed earlier is itself quite small. so how come share price holding up(ish)?

and afaik, mm's do not build 'investment' positions, they run books to accommodate the average buying/selling anticipated but do not take 'extra' stock on to their books for long periods.

so maybe pi selling is being absorbed by (some) large holders who are aggregating even bigger stakes.

just a random thought in a series of random thoughts to fill the news vacuum...