http://www.lse.co.uk/ RXP Share Chat Feed - London South East en-gb Sat, 04 Feb 2012 07:44:53 GMT 2011 London South East http://www.lse.co.uk/rss/ 5 bonum Great prospect with there past issues on short term finance resolved & building a solid base for growth. They have some very large assets and a strong strategy to maximise shareholder value through operational progress. Im keeping a long term hold here & very comfortable with the prospects for major growth. Gla http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4662816 Wed, 25 Jan 2012 16:46:18 GMT ElliotWave 5.25 -5.75 http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4660312 Wed, 25 Jan 2012 13:21:13 GMT eman Level 2 very strong - 4 v 1 after those last series of buys. Once through the 5.5p resistance the brakes are off. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4659938 Wed, 25 Jan 2012 12:49:39 GMT guru121 Commenting on the announcement, David Wilkes, CEO of Roxi Petroleum, said: "We are very encouraged by the increased prospect inventory arising from the 3D seismic acquisition, and the third party independent verification of these prospect sizes by Gaffney Cline reconfirms our core belief that BNG is an attractive exploration block. The Company now has a clearly focussed strategy to evaluate and explore the exciting potential of this block, a strategy which we are already pursuing with optimism. I look forward to updating the market during this next period of operational activity." http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4659301 Wed, 25 Jan 2012 11:53:48 GMT guru121 These reservoirs are potentially high pressure, and therefore have high well costs. The shallower, Permian carbonates are analogous to Bekbolat and Tolkyn field reservoirs which lie within the south of the block. These reservoirs, at around 4,000m are likely to be only mildly over-pressured with no salt overburden, and well costs are expected to be lower. As a result of the recent cancellation of the deal with Canamens as announced in May 2011, Roxi now own a 58.41% net interest and operational control of the BNG Contract. The Company is actively continuing its evaluation of the exploration potential, by maturing the existing prospects and identifying further potential. De-risking work will continue to prepare drillable locations by second half of 2012. In the interim period, BNG will focus operations on finalising the permitting and project work for Pilot Production from South Yelemes, expected to commence in 4(th) quarter 2011. A tabulation of resources by play type is given at the end of this announcement and a description of the BNG evaluation is provided in the latest investor presentation which can be downloaded from Roxi's website www.roxipetroleum.com . http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4659191 Wed, 25 Jan 2012 11:42:35 GMT guru121 RNS Number : 1419J Roxi Petroleum Plc 27 June 2011 Immediate Release 27 June 2011 Roxi Petroleum plc ("Roxi Petroleum" or the "Company") BNG Operational Update Roxi Petroleum (AIM: RXP), the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce the results of an independent Estimation of Resources by Gaffney Cline and Associates (GCA) of the Company's preliminary interpretation of approximately 1,400 square kilometres of high quality 3D seismic data. The data was previously acquired in the BNG Contract Area in Western Kazakhstan in 2009 and 2010. The Company has thus far identified 30 prospects and a further 7 leads within the BNG Contract Area. The prospects range in size from 3 to over 80 million barrels of oil (mmbo), with a total aggregate gross resource potential of over 500 mmbo of "Best Estimate Prospective Resources". The geological Chance of Success, or Risk, assigned by GCA to the majority of these prospects range from around 20% to over 80% in one or two cases. The less well defined "leads" vary from 6 to over 130 mmbo in size, have an aggregate potential of a further 400 mmbo, and Chance of Success assigned by GCA of less than 15%. In addition to these prospective resources, a further 13 mmbo estimated for the South Yelemes field are classified by GCA as Contingent Resources (2C, or Best Estimate case). The Yelemes field development is contingent on further testing of the Neocomian dolomite reservoir, extension of the Sub-Surface User Contract ("SSUC") and subsequent extension of Pilot Production consents. We have exercised our right to extend the SSUC, which we expect to be issued by the authorities shortly. This will allow these Contingent Resources to be up-graded to Reserves. The total Risked Most Likely Prospective and Contingent Resources on the BNG block are estimated to be 215 mmbo. The prospects identified include analogues to surrounding fields such as Nsanov, Bekbolat, and Tolkyn. Additionally new exploration plays have been developed on the southern side of the Devonian Guryev Arch, and the South Emba Sub-basin. The Company's strategy is to first drill the highest value prospects in the portfolio, due to begin in 2012. Based on initial internal technical analysis, the Company believes the Palaeozoic (deeper) prospects will create the most shareholder value. 15 of the prospects and leads occur in the Mesozoic section down to approximately 3,000 metres depth. These are generally subtle four-way dip closures with a large stratigraphic component, or purely stratigraphic prospects based on imaging of individual reservoir facies. A further 22 of the prospects and leads occur between the depths of 3,900m and 5,000 metres. These are carbonate prospects, with reservoir potential from the Devonian through to the Lower Permian, the deepest of which produce in the neighbouring giant Tengiz field. These http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4659087 Wed, 25 Jan 2012 11:32:40 GMT guru121 500000 IS A BUY @5.5 http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4658658 Wed, 25 Jan 2012 10:53:33 GMT bonum 900 million barrels of resources confirmed by independent technical audit http://www.roxipetroleum.com/roxi/en/home http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4656366 Wed, 25 Jan 2012 07:24:51 GMT eman By my calculations the BNG 136 well spudded on 16th December in which RXP have a 58.41% interest is due to reach target depth tomorrow. Could be an interesting few days in store. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4652666 Tue, 24 Jan 2012 14:57:46 GMT bonum This is shaping up really well and building a good foundation for growth & development of its other major assets. Should get strong & regular newsflow here and specific farm out rns soon Gla http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4648836 Tue, 24 Jan 2012 08:29:16 GMT Kiwi7777 According to recent press releases, Roxi is finally starting production at both Galaz and BNG assets. Coupled with enormous exploration upside of their acreage, this will accelerate takeover bid from a potential strategic acquiror. Markets are recovering. Don't miss this opportunity. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4643288 Mon, 23 Jan 2012 12:24:59 GMT guru121 how long will it be before sp. moves in double figures.next results or bid from LG. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4643060 Mon, 23 Jan 2012 11:58:54 GMT guru121 some chunky buys r coming in. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4643050 Mon, 23 Jan 2012 11:57:23 GMT WiseSam http://www.reuters.com/finance/stocks/RXP.L/key-developments/article/2467096 http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4641789 Mon, 23 Jan 2012 09:48:05 GMT Alsugar rxp up 12.2% http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4641024 Mon, 23 Jan 2012 08:36:16 GMT Ougs RNS http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4640310 Mon, 23 Jan 2012 07:15:41 GMT Ougs out http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4640303 Mon, 23 Jan 2012 07:14:13 GMT bonum 900 million barrels of resources confirmed by independent technical audit http://www.roxipetroleum.com/roxi/en/home http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4634148 Fri, 20 Jan 2012 18:16:44 GMT bonum Looking back over the RNSs its obvious the progress the companys made to arrive at this point and towards transitioning from an explorer to producing. I was AFR at around 15p (currently 124p) and sold for a small profit. This is obviously a different company but Im looking to build up a larger holding in RXP before the near term news for a similar multiple rise over the coming weeks & months. dyor & gla http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4634147 Fri, 20 Jan 2012 18:15:58 GMT bonum No specific target. Im just going to let it build up through successful development of its assets. Its developing a solid foundation for doing that & the added bonus of near term news with positive initial indications from the previous RNS's. A great entry level atm & imho http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4628795 Fri, 20 Jan 2012 09:43:20 GMT WiseSam Sit back I guess and see how the next month or two pan out. Have you got a target on this one? http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4628498 Fri, 20 Jan 2012 09:18:55 GMT bonum A massive riser soon with a strong base for that growth being built up. Good luck http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4627652 Fri, 20 Jan 2012 07:55:03 GMT WiseSam is shaping up nicely, thanks for the info and I feel like we're in early. Look forward to next couple of months. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4625389 Thu, 19 Jan 2012 18:03:31 GMT bonum From the 22nd nov RNS The preliminary interpretation of wireline logging indicates that the well encountered oil bearing reservoir sands in the Upper Jurassic section at a depth of 1,294 metres Measured Depth. David wilkes the CEO said in that RNS "I am delighted that the results of drilling NK-9 have confirmed our understanding of the oil in place on NW Konys and look forward to the final results of the logging and putting this well onto test after completing the drilling of well NK-10." NK10 was spudded on 28th Nov and the update on the 22nd Dec said The preliminary interpretation of wireline logging indicates that the well encountered oil bearing upper Jurassic sands at a depth of 1288 metres Measured Depth ("MD"). David Wilkes, CEO commented, "We are encouraged by the initial results of drilling wells NK 9 and NK 10. Further announcements will be made once we have completed the testing of these wells early in the New Year." We had the spudding of BNG well 136 on the 19th dec with TD expected to be reached by the end of Jan so expect an RNS for that as well as new on NK-9 & NK-10. We also have the BNG farm out agreement due any time & previous short term funding issues resolved. This is shaping up very well with strong newsflow due, very positive initial indications, large assets and a major re-rating expected. Definately one for the PF imho. Good luck http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4625353 Thu, 19 Jan 2012 17:55:52 GMT WiseSam an interesting couple of months, reminds me a bit of what is happening with IRG and recent turn of events on approval and expected good news stream. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4624812 Thu, 19 Jan 2012 16:36:50 GMT bonum Its a regulatory consent required before pilot production. Some very positive news releases over the last couple of months & it looks like RXP is building a solid foundation for growth. A great entry price imho & before a major rerating of the stock occurs through near term news developments. A lot due here http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4624310 Thu, 19 Jan 2012 16:02:48 GMT WiseSam to have fallen off the radar of late, trying to find out more in regards to their current drilling and potential reserves. What's the gas flaring consent about? http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4624189 Thu, 19 Jan 2012 15:53:10 GMT bonum Exciting prospects here http://www.roxipetroleum.com/roxi/en/home http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4623947 Thu, 19 Jan 2012 15:33:46 GMT bonum A lot of NEWS due here soon. Could be a massive rerating coming this way. dyor of course but i brought a few today after checking it out. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4623939 Thu, 19 Jan 2012 15:33:03 GMT WiseSam an interesting opportunity, what did there 3D data bring back? Was it around the 500m-1B estimate mark? Market cap is pretty low at £30million. What is keeping it down? 20p takeover on the cards? They have £40million in cash? http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4623649 Thu, 19 Jan 2012 15:00:40 GMT Kiwi7777 I guess it didn't come out clear in what I wrote. But I explained it there. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4610779 Tue, 17 Jan 2012 21:48:27 GMT guru121 thanks for explanation. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4609669 Tue, 17 Jan 2012 17:53:32 GMT maxplus Those two large buys in the morning could be roll-over. Also, what makes you think that there would be a takeover. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4608362 Tue, 17 Jan 2012 15:24:51 GMT Kiwi7777 I am not surprised with this breakout at all. It has been long due. I believe that Roxi is working out a takeover deal with Koreans (including LG and KNOC) and/or Kazmunaigaz (National Oil Company of Kazakhstan). Korean connection is obvious from long time ago. Kazmunaigaz is slightly different story. It owns all of acreage surrouning Roxi's assets. There, Kazmunaigaz operate few older oil fields right next to Roxi's existing discoveries and potential exploration prospects on BNG. Those old fields, which are long past their peak production, have all the necessary infrastructure in place, inclduing processing facility, water treatment/injection facilities, and pipelines. So, they need to have more production to keep those facilities utilized and to keep replacing company's declining production and reserves base. Given that Roxi already has some discovered oil and enormous exploration potential (identified in Gaffney Cline report), such a takeover by Kazmunaigas makes a lot of strategic sense. Kazmunaigas will not have to spend whole lot of capex because they have most of the stuff in place already. So, we have lots of synergies and cost savings for them. It means that Kazmunaigas will be able to pay much higher premium price due to those benefits. Also, Kazmunaigas has a serious social problem with their local workers. Most of the oil fields in that area of Kazakhstan are being shut down because they got depleted. It leaves hundreds of workers without jobs and any income because most of small towns in that area have been specifically built to operate those old oil fields. Kazmunaigas cannot just get rid of those workers, we saw last month that it can lead to riots and all kinds of problem. So, they have all the incentives to keep production and exploration operations going in that oil province. so, I truly believe that Kazmunaigas has all reasons to acquire Roxi Petroleum and pay great premium for control. Given recent exploration success of Roxi and increased risk appetite in global markets, we should see a takeover within a few months. Given enormous exploration upside of Roxi's assets, I think that we should be looking at something north of 20p. Now, BMD and all other pump&dumpers can use this research and try to earn quick bucks on it. But, serious investors who understand business will profit for being patient. Don't sell your shares cheap! http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4608303 Tue, 17 Jan 2012 15:18:24 GMT Kiwi7777 7 million shares bought already! When was the last time we saw this volume with this stock? Someone in the know is buying aggresively. It's about half a million dollar traded already. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4608117 Tue, 17 Jan 2012 15:03:16 GMT Divermike Waiting for apprisal and wells going into production, we have found oil and a fair bit too, we are now going into production 8-))) http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4607788 Tue, 17 Jan 2012 14:33:10 GMT Moreforus could you be a little more...specific? there are no shares to buy so there must be someone buying http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4605870 Tue, 17 Jan 2012 10:43:42 GMT guru121 possibilities in roxy are endless)):- http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4605852 Tue, 17 Jan 2012 10:42:18 GMT Moreforus guys? http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4605773 Tue, 17 Jan 2012 10:33:49 GMT shareguru news very soon, get in quick, http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4605766 Tue, 17 Jan 2012 10:32:59 GMT guru121 positive news must be on its way. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4605761 Tue, 17 Jan 2012 10:32:13 GMT guru121 is no one here already 6MILLION BUYS. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4605735 Tue, 17 Jan 2012 10:29:37 GMT Divermike Sorry too busy diving, errrrrrrrrrrrr 11.25p http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4591021 Fri, 13 Jan 2012 16:14:43 GMT georgesaa Dont all dive in at once. http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4568641 Tue, 10 Jan 2012 15:45:20 GMT Divermike I guess we are due the NK-10 well results very very soon http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4568539 Tue, 10 Jan 2012 15:31:26 GMT raiph1 still at the bottom here, early days, nice time to get in. kazakhstan hosts some of the biggest oil plays, lets hope roxi hit big http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4568339 Tue, 10 Jan 2012 15:07:59 GMT georgesaa Whats everyones guess at a share price once production is achieved ? http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4568322 Tue, 10 Jan 2012 15:05:41 GMT raiph1 5p paid, ticking up nicely http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4568296 Tue, 10 Jan 2012 14:59:48 GMT guru121 TIME IS COMING hopefully it will be flying soon.flight is quite overdue http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4567879 Tue, 10 Jan 2012 14:13:06 GMT raiph1 4.95 paid, ticking up, lots of buys today http://www.lse.co.uk/shareChat.asp?ShareTicker=RXP&post=4567701 Tue, 10 Jan 2012 13:49:49 GMT