Roxi Petroleum Share Discussion Threads

[buzzzzzzzz] 21/3/2017 21:34

Sounds good to me smarty!

[xclusive2] 20/3/2017 15:16

Can sell 75k @ 10p and over that @ 9.82.

[xclusive2] 20/3/2017 11:50

Register on Roxi site and i believe you can print the form. Re Friday, i'm down in Devon for the weekend so no go for me. Not sure if your TD vote form which can be printed, will give you access ?

If anybody is going Friday, would be grateful for an update. Anybody fancy calling Roxi to understand who's going to be present from company. If Carver is there, then it's worth qualifying out current status following his VOX interview.

Smarty

[bullinachinashop3] 20/3/2017 11:20

are you going? 11am Friday might try and swing along, where is it exactly do you need to register to get in im with TD

[xclusive2] 20/3/2017 11:15

Going to ping shortly and i'm hoping for a little run to Merger day and some positive news on Friday am (-:)

[xclusive2] 20/3/2017 10:46

Toggle,

I don't see any dirty stuff going on as why bother with the new company name etc. If they were trying to take private they would have manipulated the share price downwards and picked up the stock for nowt. The Limericks also wouldn't be purchasing stock @ c 10p.

They need to raise cash and we're on the cusp of seeing a significant share price upgrade that will put it onto the institutional radar. The m/cap will increase, i suspect roadshows already in play and institutional investment will become part of the story going forward.

I'm very bullish as to our prospects in 2017 and looking forward to SIGNIFICANT returns.

All,

Anybody who posts on other blogs eg LSE/III/Motley etc, please can you ensure that all vote For on option 1.



Smarty

[togglebrush] 20/3/2017 08:22

IMHO
'
A fourth option may be, after going private, raising cash in London Market or Institutional Investment, that they SELL to a larger oil company with London share price being a marker of price and quality of the paper work.
'
They already have Korean and Chinese connections. The Far East maybe the buyers home market. Several market deals have been made from that direction and set the precedent.

[konil] 20/3/2017 07:50

i second smarty's point, really important to vote in favour of resolution 1.

[konil] 20/3/2017 07:49

smarty, as i mentioned before oraziman and chums could do what they want with roxi as they will have a near 75% stake, but on a counterpoint to my concerns, and to the benefit of small shareholders, maybe they wont do anything too devious because they may want access to funding through the markets to develop bng. of course if they have oodles of cash lined up (whatever source) then nothing stopping them playing dirty.

[xclusive2] 19/3/2017 10:57

All,Really important that you all do this guys and gals. I'm hoping there are no ulterior motives here, I hope not as this company need to start off their new chapter as being trustworthy and one to attract investment. They're not taking it private and flogging it, they've not proved it up yet.Nothing would surprise me on AIM but we're on the cusp of making some real progress.Smarty

[togglebrush] 19/3/2017 08:14

Copied from the Proxy form:


ROXI PETROLEUM PLC (THE ‘COMPANY’) – GENERAL MEETING
'
To be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG, on 24 March 2017 at 11.00 a.m.or at any adjournment thereof.

If you wish to attend this meeting in your capacity as a holder of ordinary shares, please sign this card and on arrival hand it to the Company’s Registrars. This will facilitate entry to the meeting.

Signature of person attending

[steveh8] 17/3/2017 12:40

Thanks for reminding us about the voting Smarty, just been on TD and all electronic now took just a few minutes to do everything.

[konil] 16/3/2017 11:57

smarty, same here but i voted my nominee holdings via rsp.

as regards the whitewash resolution (resolution 1), its important for us independent shareholders (for which read 'small shareholders'!) to vote in favour, to avoid oraziman being forced to make an offer for all the shares.

unfortunately it only relieves him of the obligation to do so but does not *prevent* him from doing so if he wishes to.

it doesn't matter about the other resolutions, because no matter which way we vote, it'll go whichever way the big holders want because they have the majority.

[xclusive2] 16/3/2017 10:48

Thanks Toggle, me being lazy. Important that you all complete guys and gals.

Bull,

I have Corp Action notification but just notification of change of name and no associated docs ?

Smarty

[togglebrush] 16/3/2017 08:53

Proxy Form for or against the WHITEWASH for a member of the Concert Party
‘

‘
Big Boys cannot vote. Only independent investors allowed

Private Investors have POWER on the votes on the Whitewash at the General Meeting
'
USE YOUR PROXY VOTE and in particular on the WHITEWASH

"Whitewash Resolution" the ordinary resolution of the Independent Shareholders
to approve the Waiver,to be proposed on a poll at the General Meeting and set out as Resolution 1 in the Notice
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"Waiver" the waiver granted by the Panel (conditional
on the approval of the Whitewash Resolution by the Independent Shareholders) in respect of the obligation of Mr Kuat Oraziman to make a mandatory offer that would otherwise arise pursuant to Rule 9 of the City Code as a result of the increase in the holding of Ordinary Shares represented by the issue of the Consideration Shares to Baverstock on behalf of the Baverstock Quotaholders and theissue of Conversion Shares to Vertom
'
The Resolutions will be proposed as follows:
(a) Resolution 1 (ordinary resolution on a poll of Independent Shareholders): to approve the Whitewash Resolution;
'
Extracts from earlier post 1 Mar '17 - 13:38 - 34211 of 34302 

[bullinachinashop3] 16/3/2017 07:53

i got a Corporate Action via TD, not any voting docs though

[xclusive2] 16/3/2017 07:43

Has anybody received notification re meeting and Proxy docs ?S

[konil] 15/3/2017 10:36

perhaps smarty, but even at mcap $200m which carver suggests would attract iis, i doubt they would like to see control of near 75% in a few hands, so maybe oraziman and chums will offload stock to iis wanting in, and i guess that would be done at the going price or close to it, so perhaps no fireworks from that angle at least for a while.

on the other hand if iis get involved as part of the fundraising then that's pants because it will mean dilution. i think carver/oraziman will try to avoid this by raising through debt instead - they've stated they are clearing the decks vis-a-vis the org structure etc. to make things more transparent for this reason.

bwdik.

[xclusive2] 15/3/2017 07:56

New investment coming K. The stakeholder landscape will change radically as institutional players get involved, especially if the story is good enough.

[konil] 14/3/2017 17:11

maxim, that's actually a very pertinent question.

if one deep is successful (whether 1500bopd or 3000bopd or whatever) and the others are still in play then potentially more to come from the current 3 deeps. remember roxi say they have found almost 400m column across the 3 deeps. also if the latest shallow well is successful it will add to the 1500bopd already being produced from the other shallows. they must be at td (2900m) with the shallow and hopefully undertaking flow tests unless its a dud of course.

the successful deep will add (at this stage an unknown quantity) to the reserves which will start to enhance company value. but the cpr for deep reserves could be a long time away, as further drilling will probably be needed to confirm size of finds. will this lead to ennui and a falling share price or hype and a rising sp?

then next year the shallows go export, and if op stays about the same that will be a fourfold increase in revenue from shallow production alone. imo this point is way under the radar because the stock is not well researched.

all this points to an increasing sp, but i expect there will be lots of profit takers along the way, so probably a stomach churning ride for those that want to sit it out.

there is also the need to raise cash, if done badly it will knock the share price for six, if done well it will see the share price rise on expectations of further operational successes with the new cash.

in the meantime what will oraziman and his handful of chums be up to, with their near 75% ownership?

your "child like naivety" has hit the nail bang on the head.

[xclusive2] 14/3/2017 16:06

Maxim,

Have a look back at the initial A5 update. 3-26p in no time !! Hyped to death but this time we have 3 deeps drilled and a successful shallow campaign developing with production @ 1500 bopd. We sold Galaz back in 2015 but have replaced that with the new MJF wells which are producing more.

Smarty

[roy1982] 14/3/2017 16:04

maxim 1999
With Carvers track record you will be dead before then.

[maxim1999] 14/3/2017 15:28

Just to show I have child like naivety but where do the shares go on the announcement one of the wells yields 3000 bpd?

[roy1982] 14/3/2017 10:18

W LAD
I am from newcastle

[westmoreland lad] 14/3/2017 10:01

konil -- Yes header updated and Steelwatch kindly removed the shark which was a pain in the butt when logging in from o/seas on i phone.

Xclusive -- 34287. Agree re fireworks / merger day.

edit Roy, you from Kendal ? ;-)