Roxi Petroleum Share Discussion Threads

[togglebrush] 27/2/2017 07:08

RNS out a long one
"Roxi Petroleum Plc Proposed Merger and Notice of General Meeting"
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Quick overview
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Circular, Notice of General Meeting____27 February 2017

Latest time Forms of Proxy_____________22 March 2017

Date and time of General Meeting_______24 March 2017
resolution to change the name of the Company from Roxi Petroleum plc to Caspian Sunrise PLC

Long stop date for satisfaction________24 September 2017
of the Conditions Precedent

[steveh8] 26/2/2017 16:11

Thanks for the link toggle.

[togglebrush] 25/2/2017 11:08

Warren Buffet
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Rome was not built in a day
“Someone’;s sitting in the shade today because someone planted a tree a long time ago.”

[control1] 24/2/2017 20:44

The tedium continues, I wonder if anyone has ever actually been bored to death by a share. If none, Roxi must be right up there in the running to be the first....

808 is apparently going to take 2 months to drill (so about a year left). Wonder how many years before the flow test follows...?

[xclusive2] 24/2/2017 08:35

Well, that Broker note went down a treat. Are they preparing the market for a poor result on the deeps ? or building a stable foundation from the shallows valuation to then announce deep success ? I'm hoping for the latter and also hoping that Mr & Mrs L know more than I do. This is being de-risked from the shallow campaign and Yelemes structure, if successful, will make a big difference to the fundamentals. No longer a red/black play but no real cigar without the deeps.MJF structure will increase the P numbers, if they're lucky with 808 then Yelemes will do the same. Have they slowed the deep progress until post merger and Yelemes well ? Are they hoping for share price to ping and raise cash via placing ? They're going to need a lot of cash to drill the deeps, not to produce from them, they'll be acquired before any proper FDP. Prove it up as quick as poss and exit to a player with deeper pockets.They've not announced any P&A on current deeps and much they are low on cash and probably the reason for go slow, they are still live prospects. This will fly on deep success and if announced post shallow success then Roxi holders are about receive a significant return.Not a bad share to be involved with currently and the reward case far outweighs the risk. Just wished I'd not spent 10 years getting here. Still not out of the woods but a Yelemes success would improve things significantly.Smarty

[togglebrush] 21/2/2017 14:02

Ref SteveH8 34183 this was the link that I have ... I don't know of a link to the Research Note

[steveh8] 21/2/2017 13:48

Do you have link to the broker note toggle I would not mind having a look at it. Had a search on google but could not find it

[togglebrush] 21/2/2017 13:10

House brokers view. Date 6 February 2017

Roxi Petroleum Plc (LON:RXP) shares could more than double on the strength of its exploration programme in Kazakhstan, that’s the view of WH Ireland analyst Brendan Long.

Long, in a note, highlights the success of the current drilling to date and the potential that the company can add more value in the field.

“Roxi’s MJF structure has delivered exceptionally high production results and the well locations have increased the scale of that resource such that it now contributes 9.5p/sh to our target price based on our 10.5 mmb net recoverable resource assessment. 

“The company is currently drilling a look alike prospect, North Yelemes with Well 808.”

According to Long, the next prospect could potentially be worth 10.5p per share to Roxi, while the ‘full upside case’ sees a further 10.p per share to his valuation.
An initial well result for North Yelemans could come before then end of the first quarter, Long says, and production testing could take place after that during the second quarter.

The two projects present “potentially transformative catalysts”, he says.
“Roxi’s current valuation, based on our estimates, is weighted equally between its deep and shallow assets,” Long added.

“Drilling success at Well 808 stands to materially tip the balance by creating additional value in the company’s shallow asset base. The MJF structure and if successful the North Yelemes structure each have the scales to independently form the basis of a successful oil & gas growth company.”

Presently, WH Ireland rates Roxi as a ‘buy’ and it has a price target of 23.3p (current share price: 9.69p) – and that excludes most of the 30.1p per share ‘additional upside potential’ identified by Brendan Long.

[snaps1] 18/2/2017 10:57

Pity you can't spell like one!

[1enigmatic] 17/2/2017 22:15

Time slips by and the devout RIP followers blindly plough on relentlessly into the night. Refusing to be swayed from their path desperately keen to reach the end of the rainbow where a pot of gold awaits. A romantic and noble pursuit in their quest for untold riches.From the tier 1 banker keep investing if you want to loose your money by the way I am a millionaire

[xclusive2] 15/2/2017 09:44

Are they inviting Trump (-:

[togglebrush] 15/2/2017 08:20

FWIW
Kazakhstan, home of Roxi, is going on the front foot on Energy

Expo 2017 is an International Exposition scheduled to take place between June 10 and September 10, 2017 in Astana, Kazakhstan. The expo's theme is "Future Energy", and aims to create a global debate between countries, nongovernmental organizations, companies and the general public on the crucial question: "how do we ensure safe and sustainable access to energy for all while reducing CO2 emissions?"

[xclusive2] 14/2/2017 16:40

....lol, the MM's playing their little games, everybody's got to make a living.

[xclusive2] 14/2/2017 15:32

More small sells and trending north, nice to see. If we're lucky enough to have positive newsflow, it needs to be managed for max effect. Great to have a stronger share price pre any good news and if it's more than one positive announcement then we'll have the opp to join the hype train.

[ngms27] 14/2/2017 09:46

It's been close to midnight for two years now. Time for Carver to turn into a Pumpkin.

[buzzzzzzzz] 14/2/2017 08:58

RXP the more unlikely hahaha

Fingers crossed.

[xclusive2] 13/2/2017 23:08

Buzzzz,Great to hear that you've had some luck, you were due some !! I'm only in HUR for a few quid and thanks to Control, a cheap entry point, hope it comes of for us both.Re the Pox, I do believe LTH's get their day in the sun, if they don't, it's been another penny failure. 2017 is the defining year, Breyer/Trumpy and Roxy, 3 unlikely successes !

[konil] 13/2/2017 10:01

i'd rather roxi took on a little debt. that would avoid dilution and could be serviced with cash from shallow sales especially when they go export next year and if necessary reduce shallow ops accordingly.

so no dilution and gives money and time for deep ops.

[control1] 12/2/2017 15:45

Yes, at a sizeable discount to share price ...

[togglebrush] 12/2/2017 10:55

Ascent Resources plc has Clive Carver, Chairman and is currently raising funds.
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Is this a foretaste of what he might do at “Roxi” ??? where CC is Executive Chairman
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Extract of their RNS…
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“Following the successful flow test to at Pg-10, I am pleased to confirm an institutionally backed equity raise through a platform which enables private investors to participate.”