Member Info for maestro1

Woody I agree just on the npv10 we should be 63p per share.

This was only 20% of license which was covered on cpr. The company is a hold, its a bargain.

Matthew Idien Proactive 2nd May Interview

"i think the project will attract enough interest for us to be able to find someone"

I think they will find a farm in partner easily.

ColonelDrake

Back to Back wells?

They will drill Snow leopard and possibly the 2 wells in block xx this year, wild horse will be delayed, i am confident this will happen judging by past actions of matd. They will moan its the winter period we have no time, blah blah blah.

If everyone really thinks about it, they could have drilled earlier but they didnt and blamed visa issues and all of sudden another placing comes, how ironic. This was planned and they manipulated us big time....

ColonelDrake

You have probably come to the party just now, we have been here since the 2p days, what the board done with those 2 placings is unforgivable.

I think they make stuff up as they go along, drilling was delayed because of VISA ISSUES, come on!!

HeavenAbove

What a silly post, 1.5p on a duster in Wild Horse?

Yes the company have screwed up on various occasions but that is taking the mick!!

SuperRoty

Well done on GGP, Rose will likely do the same when the cpr comes out, my guess early next week. Time to get in and fill ya boots time..

MisterPositive The bod have alot to answer for, what are they doing? -Shell pull out of deal -shell pay them compo -farm in needed -CLn agreed -drill delayed due to rig not upto international standard -cln cancelled -farm in continue -raise funds to drill 4 wells -drill no wells and raise further funds to drill 2 wells which will not be drillined till mid 2019 Retail investors lost at what the company is upto, im really confused.

It cost Rose £3m to 3d the license area and took 3 years to get the permission to do it, this as a result dragged the process and sp declined. My estimations they have around £2m cash cant see how some can see the price lower, it should surge up on good news. The 80,000 acres has alot value now especially with the 3d data and the potential oil in place of over 1bn and over 2tcf of gas, mkt cap of 5m does not take this into acc. The COS in the license area is also really high, the cpr is due anytime now. I think sentiments are about to change here for the good, transformational period they say.

It took almost 3 years to get permission to 3d the paradox basin this has resulted the price to fall silly levels. You guys may miss the boat if cpr released and is very good. "In August 2017, after a three year process, the Group announced it had received approvals to shoot its 3D seismic survey in the Paradox Basin, a watershed moment for the Group."

ColonelDrake i bet you they dont drill 4 wells this year

fund Petrovis did buy shares in the placing...

SchachMeister123 My eye is on the Fox prospect but that will not be drilled till july next year, question i want to ask is the two appraisal wells in block xx would have generated some cash and then they maybe could have raised cash at higher level why the need to raise now, it makes no sense.

SchachMeister123 i dont think they will sell at a loss when drill so close, the BOD have not been genuine with pi's, why the need to raise now for two wells which will not be drilled for another year, this makes investors nervy and they begin to fear that the BOD are not confident on the 4 wells which are expected to be drilled this year. Im concerned they wont have enough time to drill Wild Horse this year also considering they still havent started Snow leopard.

then another 4 weeks to get to site and then testing, mid aug to late aug spud. 60 days drilling.. This is BOD last chance.

there will be no farm in, otherwise there would never have been two placing before any drill taking place. at the oil capital conference Buck said he hadnt seen the seismic data yet, but they had the data for some time, highly questionable he would have been aware the falcon was alot small.

asap, will take over 60 days to drill but they need to finally drill first..

You are one sad dude.

Woody JV partners have approached Rose but they will not sign JV without the CPR released to the mkt, it will be some months before they do agree to mkt as they will want the best possible deal. Like Wonderer has mentioning the new seismic data will have alot more data and the previous COS of 56% will likely be increased with the new 3d data. The company are saying its a transformational period for them and this cannot be taken lightly, its worth mentioning that with the new data they did 3 blind test on 3 wells drilled by past operators, 1 well flowed very well, the other flowed a bit and the last was a failure, by analysing the data from the new seismic Rose were bang on pragnosis, this is one of the reasons they are confident they will find oil and many JV;s sniffing. Lets see if im right, im sure Rose can get JV partner on favourable deal.

saying this the whole aim mkt volumes have dried out recently, be a sad shame for those who are selling with little volume, eventually it will pick up.