Member Info for maestro1

Woody If you goto the website below and type in Rose petroleum at top left you will see the apds and date apllied for. Its all their... https://datamining.ogm.utah.gov/

The apds are likely to come in first and then jv. Independant cpr issued in june will increase the chance of jv. Imho

South Keep going on about cuba and the mill which has no bearing on current or future prospect of rose. You totally wrote off the additional two permits they applied for last week which was a surprise. One well permit was expected not 3, why do you think rose are doing this? They may have got nudge from potential partners...

South Lost 4m? Now you are full of ........ The money raised was to get the seismic complete, permit completed and to have enough left over for jv negotiations. They have over 2m left. Imho The seismic has verified the 17500 acres and cpr has put estimate just on one clastic formation. Im not interested in your bank manager but what i do know is that many parties are interested in the project.

SuperR Best to ignore those posters probably the same person talking to himself. Going on about past which has no bearing to the future. Yesterday we found out rose have applied for 2 additional apd's. So in total for 3 well. This is out of rose hand whenever the dept will issue apds rose will announce to mkt. Question one should be asking who requested two more apd's? The first apd is ahead of the other two, this will be the one targeted for this year to drill.

look on this website under "active apd's"

https://datamining.ogm.utah.gov/

South

the last set of results in June they said the apd permit for gvu-29 is progressing, there was no mention of the other 2, now they have 3 apd applied for, do you think they are just doing this for fun.

I cant care less for cuba or the mill that is in the past we are now concentrating on the paradox basin.

Apd last 12 months, so JV will fund 3 wells, maybe we paying our share from oil revenues to JV. Very likely...

SuperRoty

Its all GraphiteTech, grateful he has shared.

Graphite

Exactly, it looks like they will likely drill 3 wells within 12 month, we knew of one possibly 2 but now its 3.

Not the sort of thing a company struggling with funds would do, JV likely very soon...

imho

https://oilgas.ogm.utah.gov/pub/report_forms/Frm_03_2001.pdf

So likely 3 wells will be drilled within next 12 months, has JV asked for the additional wells to be put in for APD?

Things are moving nicely, the coming months look interesting.

Graphite tech

Well done for some fine research, it looks like they have applied for two more permits last week. If it was indeed 2-3 weeks for the permits, GVU 29-1 well permits should have come by now as that was applied for last month.

Very interesting they are requesting 3 permits, i wonder the 2 additional permits requested at the same time is as a result of the farmee asking for it. We may get 3 wells drilled by JV in short period.

Thanks again graphite

Woody Idien had a smirk on when he was discussimg the jv on proactive back in june. I think they are very confident of landing a jv, he actually said that with the amount of interest a jv will be signed. That was a great clue for all investors. Me personally i would prefer a jv over placing as share price has the potential to multibag over multiple times whereas with placing it wont be greater. Lets see, one can speculate it wont be long.

Fracktastic If you look at rose website there is an presentation from dec 17, in the timetable it states the permits are due last week of aug and first week of sept. So they are not late.

South The mkt is waiting for the funding and permits. If you look at the presentation which is almost a year old, the timetable states they expect permits last week of aug or first week of sept. You too have good week.

Well i dont understand your game, rose easily raised 3m last year and further 1m this year which was oversubscribed. Now they have proven independant cpr which states the project has significant value. It would only be right for jv to secure against the asset as they are taking risk. Possibly securing against the 17.5k acres which was 3d'd. You keep going on about massive placing, what do you define as massive i just told you they need 6.5m for well and payback once flowing is 1 year. So what massive placing you on about. Rose have said jv will give better return than placing based on current low mkt cap. I think you lost your marbles mate... Jv will be signed....

South

We are not talking about the past we are talking about the present and future.

Lets go with your theory about massive placing at current price, to drill well the company needs $8m thats around £6.5m. 240m new shares issued add current shares in issue will make it around c. 380m shares in issue total.

New mkt cap will be c.£9m. They will still have 75% of the acreage and be fully funded to drill the well, payback for the well is 1 year. Mkt cap will still be cheap.

Rose on record have said something along the lines that based on the current sp they will get a better deal via a JV than going to mkt for placing. So no placing will happen..

Even if they dont find a JV for a year they still have funds to survive that period as they have cash in bank so no placing, im fairly confident JV wil be found fairly soon. USa funders love oil assets in USA.

Like i said the real action has begun after the issuing of the CPR in June. Lets see.

It seems really crazy that rose have 2c resource of over 9MMbbl, ignoring the gas, if one valued the small license area at $2 per barrel that equates to $18m. Just shows how massively undervalued this company is.

The cpr for the 17,000 acres looked at clastic 21 and ignored others clastics(zones) in the area, there is room to increase resource significantly, Idien said i believe that clastic 21 goes to further 36000 acres of the license which was not 3d'd so again plenty of room for improvement.

The mkt has valued rose at just over 3.7m at present, near half this they must have in cash and the remaining is valuing 80,000 acres asset. 17.500 acres have just been 3d'd and they have net 2c of 9.25 MMbbl and 18.5bscf of gas. This alone should value the company near 10p and when cpr comes alot higher..

imho

South The sp has already fallen over 30% since the cpr update. Its already trading at crazy levels with what they have in the ground. If it goes to 2p its certain multibagger. Imho Permits likely to be out by end of sept. Imho Jv before then will be icing on cake.

South Jv's dont happen overnight, although they may have commenced jv talks earlier in the year, serious talks may have began after the cpr. Look at bpc were trading at 0.6p after now over 6p. Jv announcement can happen anytime now imho.

South Now i know you are just wind up merchant and know nothing. Lets see who comes closer with regards to jv terms. 25% of the license area was recently 3d'd it has material npv. First well will require 8m from us and jv and the others 6m as our other partner with 25% working interest will start contributing from 2nd well on. Not long jv and permits within 10 weeks. Imho.