Member Info for MTSparky

I don't think bad news is coming. Look like a distressed seller. Hopefully this will clear them out once and for all.

Merry Xmas folks !!

Be nice to get an update from HALO before year end. 9 months of suspension is stretching patience to the limit. Surely HALO should be re-listed by March 2019. Make the most of these high gas prices.

£6.25...bargain !!

hopefully A nice steady climb to £8 then news drops to push towards £10 and beyond.

Thanks Chaps. M/C is just silly now.

The Company intends to cancel the Ordinary Shares purchased by it under the Repurchase Agreement, reducing the number of Ordinary Shares in issue from 15,513,643 Ordinary Shares to 12,590,403 Ordinary Shares (the "Cancellation"). Accordingly, following the Cancellation, which is expected to take place on or before 3 December 2018, 12,590,403 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure Guidance and Transparency Rules (the "DTR Rules").

..well done topper uppers !

….should come soon enough once share count reduces. £12/sh still near term target for me.

I have a target M/C of £150m or £12/sh. I would buy RRE for £150m. What cash do they have £50m? Bloody bargain !!...;0)))

The way I look at is, if you were to purchase RRE how long would it take to pay back your purchase cost. The market cap is so low you could pay back your purchase cost using profits, in a couple of years. If you bought RRE for £150m you could return your investment after what, 3yrs at current production ?

Excellent news £12/sh = £150m m/c. That's my near term target price....;o)))

£7/sh by weekend looks likely. £10/sh by year end would be a fantastic XMAS present. Good luck folks..;o))

...£7 by close today at this rate !!...;o))

mouth watering chaps. Just look at Serica and Regal Petroleum valuations and how they have grown over 12 months. HALO in 5 years...dream on!!…;o))

….perfect storm. Glad to be holding north sea gas producers.

could be a good volume day today. Serica SQZ leading the way for RRE. Post tender offer should see a nice rise for us..;o))

P1 & P2 reserves at 37m using $8 per barrel is £230m, plus cash build.

Regarding reserves per RNSs: Dyas acquisition: Estimated combined Group 1P reserves of approximately 23 MMboe ,Arran field: The acquisition adds a further 8.5 mmboe 2P reserves. Interim result: An extension of the field life of Blake and Ross to 2029 would increase reserves by circa 5.5mboe net to RockRose from the existing well stock. So effectively per above they have 23m 1P and 14m potential 2P. There is also Tain development they have.

Difficult to judge what reserves are worth but must be $8-12 per barrel. Can't wait for HALO CPR !! ;o))))

without Arran using basic peer comparison based on 11,000boepd plus £50m in the bank you would say £16/sh is about right. Only valuation that matters though is the markets value, lets see what unfolds in next few months...;o))

The value of RRE is so low it does get you thinking about the true value of these North Sea assets especially decommissioning costs. RRE had about £55m unrestricted, in the bank back in June 2018 and are producing 11,000 boepd. Current m/c £86m. RRE have also bought into some more acreage one of which contains the Arran field to develop which should nett RRE a further 7000boepd.

It will certainly be interesting to watch RRE CAPEX and value going forward. I bought in at £4.80/sp.