Member Info for mbingo

Lots to consider in the interims: Plenty of cash to develop the Arran reserves amongst other plans: Ø Arran acquisition - On the 9(th) August the Company signed a SPA to acquire a 20.43% interest in blocks, 23/11a, 23/16b and 23/16c, which contain the Arran field in the UK Central North Sea, from Dana Petroleum for a nominal consideration. On 19(th) September, RockRose further to the SPA, has signed an Equity Realignment Letter Agreement on Arran that takes the Company's interest to 30.43%. The acquisition adds a further 8.5 mmboe 2P reserves to the Group and 5,200 boepd of initial production post development.

Cantors have increased target to 873p - looks conservative to me! (From 640) More coverage in the evening standard today.

£10m cash vs £12.8m market cap. ! £80m in revenue with positive EBITDA and opportunity to integrate businesses to increase margin. Placing at 55p way back when... Is there a cheaper Aim share out there?

Just too cheap right now and think market makers are struggling to keep this down. Dyas acquisition to close. Oil and Gas on a flyer. Cash flow ... Problem that they will have (at these oil prices) is making acquisitions at bottom drawer prices (like Arran).

Current cash pile circa USD 100m, of which USD 50m set aside for decommissioning costs. Significant cash pile. 11,000 boepd plus at these oil and gas price should make that leap, unless they make additional acquisitions (likely).

Take a look at gas futures though. TTF price has gone from 16 in January to 28 in September, a 75% increase!! Massive impact for Rockrose ! So much to make current valuation look silly!

Asset split will be 50/50% between Oil (Brent) and Gas. Oil at 4 year highs. Gas at 10 year highs. Cash comes close to covering market cap. EBITDA at $100m. Really very undervalued by shareholders. These value anomalies don't last very long - expect to see that change.

£25k buy just going through. Trajectory change - moves up towards placing price of 55p (only 2.5 X current price! )

Looks like this is going to blow! NT to buy. Seller out (we think). Fundamentals make it buy all day long and now the charts line suggest re-rate on cards in short order. Should be good day here.

Good to see the price holding up after a couple of days of rises. Clearly I'm not the only one who thinks that this is well undervalued! Personally, want to see it double from here before any consideration of de-risking based on what we currently know.

No catch. It is a bargain!

Full operations update will be provided this week. Share price still 30% below placing price of July. Confirmation last week that no placing required from the market short term and that break even is 80 BOPD. AGM to follow. Directors were buying well above the placing price. Very limited downside in my view. Stated aim for 300-500 BOPD will have major impact on cash flow in Oil WTI environment of US$72+ barrel. As for Petroteq equity /Bloc energy, anything here is a bonus. Just my view.

Oil on a flyer. Makes value proposition that much better!

Oil WTI now at 71.60 !

Due next leg up. Very convincing strategy when considering 20-25% EBITDA as decommissioning costs. 11,000 boepd, with excess cash to acquire. Gas and Oil prices highest for a few years. Great environment for them to flourish. Medium to Long-term hold for me.

Very supportive oil price currently. Yesterday's 80 BOPD for break even removes a lot of risk. They not be at 300-500 BOPD yet, but clearly stated short-term aim - and confident to get there.

Nice little jump today. Still needs to find 30% to reach the July placing.... what will be delivered at the AGM next week? R v R .. hmm

Needs to rise 40% to get to last placing price of 0.6 in July. Plenty of fingers in pies. With only US$80 break even - and as confirmed yesterday - enough cash not to approach markets, risk v reward in investors favour in my view. Full ops update next week.

Totally agree. Will bounce hard once seller out as such a compelling story.

All conditions precedent for Dyas acquisition satisfied. Backdated to 1January. What a beast of an RNS!