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"Following submission of a petition for the DoC to undertake Section 232 trade law review, the Trump administration has decided to implement no new trade restrictions on uranium imports.
As part of the decision, President Trump also announced the establishment of the United States Nuclear Fuel Working Group. The group will report back to the President within 90 days, and will examine the current state of US domestic nuclear fuel production to reinvigorate the entire nuclear fuel supply chain, consistent with United States national security and non-proliferation goals."
"Trump...[has]...announced the establishment of a United States Nuclear Fuel Working Group to examine the current state of US domestic nuclear fuel production."
Great to see some positive members on here
Good luck to all , been a long haul, but things looking better for sure...
The fact that Tom Reynolds worked as a CONSULTANT to Rose Petroleum prior to joining the board is notable.
Was just reading an RNS from 11 April a moment ago.
Given Rose Petroleum's reported uranium resources and uranium exploration database, and yesterday's Holdings RNS mentioning Jon Fitzpatrick and a 5% holding in Rose Petroleum (and Jon Fitzpatrick's directorships with both Solo Oil and Gneiss Energy) the following extract from the RNS caught my attention:
[I've capitalised the notable bits for emphasis.]
"Mr Reynolds has been working with the Company for the past six months on a consultancy basis and has a detailed knowledge of the Group's operations. He is a Chartered Engineer with over 25 years' experience in the energy sector, including a range of technical and commercial roles with BP plc, Total SA and BRITISH NUCLEAR FUELS PLC. He has also held management positions at private equity investment and advisory firms, including 3i plc, and specialises in strategic planning, investment management and cross-border M&A transaction execution in the oil, gas, energy and infrastructure sectors.
Mr Reynolds has held board seats on various companies listed in London, Oslo and Toronto. He is a non-executive director of AIM listed SOLO OIL PLC. He was previously CEO of Iona Energy Inc. and, immediately prior to that, he was CEO of Bridge Energy ASA, which Mr Reynolds grew through a series of acquisitions before listing the group in both Oslo and London, prior to its c.US$150m sale to HitechVision-backed Spike Exploration Holding AS in 2013."
High time somebody started drilling, the stuff will not lift itself out of the ground.
Visiting a Company's website to find out more about them, and visiting their page on the Lon. St. Exch. website - where there is a wide range of information - I find is always a prerequisite. To check facts etc.
In my experience I personally find it is the utmost importance to also try and calculate and weigh up whether the market capitalisation (share price multiplied by shares in issue) represents good value, compared to core facts about the Company.
I think Rose Petroleum themselves have a lot to say about the Company and can do so more eloquently than me, about the potential upsides and resources of the Company.
If you read their RNS announcement from 28 June '19, key directors said:
Colin Harrington, Executive Chairman of Rose Petroleum plc, said "From the moment Matthew Idiens and I began discussing the next stage of growth for Rose, we both agreed that the Board should only be augmented with individuals who have blue chip professional histories, strong industry networks and proven management skills. Rick brings all the above, with deep sector knowledge, decades of organisational expertise and an enviable track record. We are thrilled to have him join Rose as we position the company for further growth in the domestic U.S."
Rick Grant, Non-executive Director designate of Rose Petroleum plc, said "I believe Rose has excellent prospects for growth, from both the existing portfolio and from attractive acquisition and development opportunities that arise in the highly-fragmented small cap sector of the onshore US E&P market. I look forward to helping transform the Company for the benefit of all shareholders."
Good day to you all.
As a potential investor who has only just started to look at rose as a result of the 2 X 5% stakes been taken in the company yesterday by hsbc and jon F, what are the upsides and downsides here, resources etc?
Thanks in advance any one prepared to give a balanced view.
Just tried a dummy buy for 1k
No shares available
Should be a good day today
Just read the new chairman’s statement in last months results to see where this is Going. It is pretty obvious where funding for the drill is coming from and obvious that the bod is getting much stronger with new acquisitions also targeted. Exciting times ahead.
Well that’s the first time I heard anything good from any LTH on the Rose board for sure! When I posted to say I took a position here and stated the risk v reward (pls see the posts and make your own judgement). I wish everyone good luck and hope they were wrong.
Proactive Investors: 'Rose Petroleum leaps as energy investor Jon Fitzpatrick picks up 5% stake in the company'
335pm "Rose Petroleum PLC (LON:ROSE) shares leapt 18.3% higher to 1.77p in late afternoon trading following notification that serial AIM energy investor/executive Jon Fitzpatrick has picked up a 5% stake in the company.
Fitzpatrick is the founder and managing director of energy consultancy Gneiss Energy and was previously senior managing director and head of natural resources for Europe, Middle East and Africa at Macquarie Capital. He is also a non-executive director of Solo Oil PLC (LON:SOLO)."
Well I have held a few here for a long while but upped my holding to just over 1% today, it seems like a re rate is on the cards with the recent developments. Good luck al long term holders.
I think Gneiss Energy may also have became advisers or suchlike to MX Oil, in recent years before they turned into ADM Energy. They too are going through a period of significant change and change of direction.
It will be closely followed if Gneiss Energy do become formally involved with Rose Petroleum.
Gneiss do seem to have a track record of being involved in companies on a journey of 'transformation'.
I like what I see at Rose Petroleum. And follow events at Solo Oil too.
Resource security (e.g. rare earths, oil) a higher agenda item in US recently.
Bringing new oil supplies on stream domestically within US borders may potentially get higher priority and a fresh focus if supply fears heighten in middle east, vis-a-vis Iran tensions, oil sanctions, attacks on tankers and even military action in the region.
Rose Petroleum seems ripe for a re-rate.
Very true jfk9, but all the old BoD and Management team have gone and Jon Fitzpatrick and Alastair Ferguson are now running the show and in their words, "solo is on the cusp of transformation"
They also have 25% of 2 TCF giip and 25% of 763 BCF 2C resources, just waiting on the licence to get going.
Jon F has great credentials and deep pockets.
Good luck guys. Hope this works out.
I thought Fitzpatrick came from Solo, if one in the same not good, Solo’s performance has been abysmal
Either or both will be very welcome dsrt :)
One of us will be right because HSBC are their advisors so hsbc will 100% involved someway ..IMO we will have news in next week to 10 days for start of drill
1st we get Rick Grant from https://www.origincreek.com/about, as a ned, then we get Jon Fitzpatrick from https://www.gneissenergy.com/about/team/. Matthew stepping down to make way for Jon to take over ??
Very interesting times ahead and with only 168,413,940 shares in issue this could move very quickly.
Bought 5% of rose ...i wonder if they will fund the drill now ..its a quick way of double your money
"Rose Petroleum [also] has a portfolio of non-core assets, which it continuously reviews with a view to creating the most value for shareholders; at present, it has interests in base and precious metals and uranium projects located in the USA including 100% of the North Wash project in Utah which contains a resource of uranium and vanadium which is being held on care and maintenance while discussions take place on possible disposal of the project.
Also the company has an agreement with enCore Energy Corporation for it to use Rose’s US uranium exploration project database to develop prospects in Arizona."
From Rose Petroleum website:
"A Competent Person’s Report by Gaffney Cline & Associates, published in June 2018, determined gross contingent resources (2C) of 15.61 million barrels of oil and 31.23 billion cubic feet of gas with a NPV net to Rose of US$122.4 million. That report focused solely on the area covered by a 3D seismic survey, completed in October 2017, of approximately 17,250 acres and focused solely on the single Cane Creek reservoir (Clastic 21)
The report shows an upgrade from Prospective to Contingent Resources for Clastic 21 within the specified area. This is due to the ability to tie the 3D seismic data into the producing well 28-11 and map the maximum extent of the producing field within this area. The initial appraisal wells are designed to test the viability of the fracture network and to potentially prove the extent and commerciality of the field
Further details of the CPR report are available on this website in the Investors Area, under Latest Press Releases
Previously, in 2014, the independent consultant Ryder Scott reported net un-risked prospective recoverable resources of over 1.1 billion barrels of oil and up to 2.2 TCF cubic feet of gas within the Paradox Formation"