Member Info for maestro1

South They may in fact do a placing, considering the reward on card we get to keep our 75%working capital. First well inc tie-in cost 6.5m pounds, if rose raise that at current price mkt cap 10m. Its still cheap. Its a possibility but jv is likely..

They have just hired the team that manage to get fidelity from 100bopd to 3500bopd within 18 months. Rose have got some great seismic data and have got it independantly verified few months ago. Just that area which was surveyed is worth over current mkt cap ignore the other 60000 acres. Like i said since the cpr the sp has fallen as the stock is illiquid, bored investors are selling and looking for the next best thing. Rose have said in q3 they will get the gvu29 permit and will drill their first well by end of 2018, if this happens sp will be above 10p by the end of the year. My average is 2.7p i dont mind if they do placing go and scare someone else. Just look how high eme went.

South I think you are blinded by the company rose as you have lost alot of money i imagine. Lets say a newly listed company with 2m in bank and had 80k acres license which had potential to have over 1bn barrels of oil and they already did 3d survey on a small area and analysed just one zone on it. The findings prove that the company has 2C of 9.25mmbo of oil and 18.3 bscf of gas, pre tax npv of $122m. What do you think the company value should be? Certainly more than 3.7m... I believe mkt has missed a trick with rose. Im confident the gvu-29 permit will come in and funding thereafter.

South

1p lol. i can assure you this will not fall to 1p even though IF there is no news this year. We are near the bottom and rose needs a catalyst to surge.

We have had bored investors selling and not much interest hence the slow decline.

Just look at ast when they announced permits it shot up 150%, we are nearing the gvu-29 permit.

Permits they have until end of sept. The first well permit will likely arrive by then...

Imho i believe they can get jv partner right now but they maybe hoping for higher sp price to do placing as that would be better. With current sp jv is desirable. A jv will likely take up over half our working interest in acreage. Again if jv signed i can see sp surge over 10p.

SuperR What do you class bad news btw?

SuperR Like Graphitech has said permits can take as early as 3 weeks, looking on the database once apd registered it ranges from 3 weeks to 20 weeks, this is looking at companies currently issued recent apds. Rose has target for first permit by q3, i think we will be hearing something soon, early sept. Imho

I think rose thought after the independent report sp would have been alot higher. They said they would consider which was best value for shareholders a placing or jv. Like i said in the past for the first well rose has to pay 100% towards first well even if they raised 6.5m pounds the company would have 10m mkt cap but shares in issue will be c.420m. This is why jv is preferred at current sp levels but a placing is not the end of the world. One should do some research on our jv partner who currently holds 25%, they have other acreages and other partners. The jv is producing elsewhere... Who knows, earlier this year idien said they got alot of interest from nape. We will be hearing something very soon....imho

Ok baz that is your opinion. Im going to wait this year if they drill i will keep hold of stock and if they dont i will sell like you. First target is the permit for first well by end of q3, the next is jv partner. Rose are in advance stage of permitting and i can see the first permit by end of q3. Imho

south

that is extremely desperate or is that humor regarding another consolidation, sp going down because retail shareholders are getting bored and selling at a loss, cant wait for the permits and JV decision. mkt cap 3.5m!!!!

One can speculate that the permit will arrive by end of sept and JV shortly afterwards. imho

Any question regarding Rose Petroleum, direct to him

peter.curtain@allertoncomms.co.uk

SuperR

under 2p will give a mkt cap of 2.8m, we have over half that is in cash, they have independent cpr for only 17,500 acres / 80000 acres, only valuing the clastic 21 zone and ignoring others.

Be patient, who knows some parties relating to the negotiations may be keeping price down trying to get a share in license.

woody

i recall last time it touched 2.25p i surge close to 4p and you regretted not topping up. :-)

Did you this time...

i fully understand investors who have lost money in this, Rose promised alot but failed.

With regards to the paradox basin there was a downturn in the world oil price and they had to wait, they couldn't do much on that asset.

South your argument the SP wont increase much should JV been signed is a little premature and has ulterior motive. Rose has 75% working interest in the 80,000 acres license, they conducted 3d survey on 17,000 acres. Rose obtained independent cpr which only concentrated on one zone (clastic 21) in the 17,000 acres, they manage to 2c contingent resource of NET to Rose of 9.25MMbl oil and Net rose 18.5bscf in gas.

Fidelity in the past managed to convert 100bopd to 3500bopd within 18 months in the basin.

The numbers for asset pre tax NPV is $122m to rose and if you compare it to rose mkt cap of only 3.2m its a bit of a joke. Considering half of mkt cap we have in cash. One has to ask the question if this was a newly listed company what would have been the value of the company AT Present? i say well over 10m...

Mkt sometimes act irrational in this case it has, there are few other clastic in the 3d target area and you have to remember in 2014 ryder scott put an estimate resource of over 1B barrels of oil in the whole 80,000acres.

I think a JV and permit approvals will add significant value to rose, again its an opinion.

Im fully loaded, last top up 2.7p.

In freefall, cant believe how low it has gone. Mkt is not valuing the large acreage at all...

One thing i want idien to do make up on his promise on closing the JV. He has said on numerous occasions that with the amount of interest they will get someone. Next few months for sure we will get some action.

Dsrt I seen last years sharetalks interview where Idien said directors have taken significant paycut. It was the one near the time they did the 3m raise.

So the cpr was a waste of money, why waste additional money on two more apd's? The company has said they will do jv as it will give better value to shareholders. Is this all made up? Directors have all taken paycuts.