Member Info for NewKOTB

"a deal that cuts by 10 - 15 million barrels after they increased heavily first, and a drop of almost double that in demand."

Part of the deal was for CHINA / US / INDIA to take ALL surplus oil OFF the market too.

So to me that means or should mean a balanced market !

Like I said, wait until RCC announce their >20% production cut next week imo.

BTW ...THIS SITE IS GETTING WORSE BY THE HOUR ...

Like I said, wait until RCC announce their >20% production cut next week imo.

Like I said, wait until RCC announce their >20% cut next week imo.

Do you think trump would let the RCC screw him up !!

JAdam,

Trump did tweet early this morning .....

Donald J. Trump
@realDonaldTrump
·
9h
“The Art of an Oil Deal”

RCC will cut production by >20% and this will be announced next week imo.

Short term push down of POO to allow for bigger gains for the spivs next week

on the "other" board too

JAdam,

Your tone of posting has subtly changed recently, take it you sold and looking for lower entry now .... seen your comments on the board too.
What's your take on the Q2 oil hedge of 3,000 boepd of its oil production at $69/barrel ?

Expires end of Q2 ...

So still plenty of revenue with that hedge imo

JAdam,

The dividend question was to do with possible link with another company about to declare divi payment that RRE could be linked with, not RRE per say.

JAdam

Form 30/4/19 Annual report:

During April 2019, the Company entered into a hedging agreement by hedging 3,000 boepd of its oil production at $69 for a period of 13 months from May 2019.

https://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=2446&customerKey=rockroseenergyplc&storyID=14298387&language=en

Op,

"wonder how many will be loading up today and tomorrow for the Dvi payments..."

Has to be TODAY, 15th by COB if you want dividends

JAdam,

"at least $50 million of this capital expenditure will be deferred..."

That has now become >$80m deferred btw and possibly more according to RRE .

JAdam,

This hedge is still in place afaik

"During April 2019, the Company entered into a hedging agreement by hedging 3,000 boepd of its oil production at $69 for a period of 13 months from May 2019...."

Does anyone know if you can still pay a dividend whilst a stock is in suspension !

Think Trump will not allow all his hard work over the weekend go down the drain .... RCC will be told exactly what to do by Trump.

Actually it was a with 6 month high of £22.90, so just shows how unfairly RRE has been hit.... also

Not DEBT
Cash in Bank ~£22/share
HMRC Tax Allowance $2bn
Dividend Paying High yield
NOT listed on AIM
~20kboepd
~63mmboe 2P reserves
Progressive Mgt with ~30% holdings
Acquisition hunting a specialty

Oh dear ..... looks like the leach needs to be exposed to heat .... time to burn !!!

Only way to get a leach off is to burn it ......

Also, you need to get your figures correct ..... "150million capex, down from 200"

You will find CapEX is now a lot lower due to efficiency savings and re-negotiated contracts plus deferred projects.