Member Info for GeneralLevy

It's the same as macquaries last one from looking at it, is the date of 05/08/19 a typo or have macq taken ages with notification?

More to the point, this conversation wouldn’t be happening if you understood what constitutes market sensitive information

Not really nickel, you’re assuming the 300m is dollars and furthermore that it is restricted + unrestricted cash, objectively? it wouldn’t make sense to mention unrestricted cash when talking about cash for acquisitions... but then wtfdik... GLA

If cash in bank was a market sensitive subject, RockRose and every other publicly listed company would have to issue an RNS for every credit and debit to the company account... on the basis of the lack of hundreds of RNS's per day from the UK's PLC's I would tentatively venture that cash balances isn't market sensitive information

One / both of the offloading ii’s got through a lot of shares today imho

Wouldn’t trust those stats there are so many offbook trades on lse that will never see the light of day GLA

Dipping a toe in?

Hi mate no links as such, but in summary:
- $279m unrestricted cash in bank (at 1st July)
- $200m annual ebitda (at $60 brent I think)
- circa £50m to set aside per year to meet decommissioning commitments
- 22,000 bopd
- another 6 to 7k bopd from Arran in 2021
- debt free
All for an mcap of £232m

You don’t see many positive articles on US shale, it seems like more of a vanity project for US energy independence than a serious sustainable alternative to conventional, there’s a staggering amount of debt that matures between 2020 and 2022. Question is you don’t hear much about who’s actually holding the baby for these unpayable debts... next crunch?

Let’s just be happy $95m was paid instead of $140m!

Just continuing where they left off on 20/02/19 but with the added bonus of having had the share price double in the meantime

Nothing noteworthy here it's just good that they're closer to being at whatever target shareholding (if any) they are aiming for

3000 boepd hedged at $69 per barrel until June 2020, the other 19000 boepd presumably at spot prices (unless Rre have hedged more in the meantime, we wouldn’t really know if they had as it wouldn’t really merit a standalone rns)

omfg 1630

x3 upside from here imo

It's surprising to me that they didn't approach another/other ii/ii's to take their desired holding % off them, surely win-win for all rather than depressing your own asset as you reduce holdings? BWTFDIK

Well Rookie, there's no denying the valuation of RRE is outrageous, but then if it had ever been priced properly in the first place we wouldn't all be sat on phat stacks at the moment, strong buy all day long imho

Then he should invest in ukog lol

$370m - $91m + ($3.85m x 5 weeks) = $298.25m / 1.22 exchange rate = £244.47m unrestricted cash

$200m or £164m yearly ebitda @ $61 brent

MCap £248.72m =

Strong buy imho

1990p paid, still easily 100% upside to go to get anywhere near started on fair value imho, and £229m cash in bank by my calculations. Director with 27% shareholding yet no Capital Return / Dividend in over a year, one reason could be there's an eye on a couple of assets that might be close to the cash in bank figure? bwtfdik GLA!!

£542k buy. Nice.