Member Info for oilriches

Keep the faith!!!

Is this likely to be broke next week?

If u listen to AR he says he gives a big discount to get the shares away on listing....I think 0.04 or 0.045 is the price. Cash in bank is falling by the day. Gl

Yeah, whatever the timeframe 4p is a phenomenal return in 6months, 12months or be it 18months. question is, how high can we go in an oil environment at $80 a barrel? I am sure rmp would have been much higher on the hawkeye drill if this was the case

Good stuff. I am however thinking of selling my holding down in new. AR has a history in offering a 40% discount with an placings....in nipt it was over 40%. Does that mean our placing will be at 0.04?

How come u got back in Rmp? Withdrawal symptoms? Lol

If Greg bandy fails to deliver anything before the agm there will be a change to the board members in rmp

It's free and Greg bandy himself plans to farm out to a major.....Bhp wanted to drill the cinco project.

In this environment £6m is a fair war chest for a company with a £5m cap. They could farm into and drill 2 other Hawkeye wells with that.....what companies do u know with this cap and cash? Oil may tick up now but asset holders are still distressed and will be over the short term....it's a much better bet to buy under cash level than over

Ha ha I am sure it's just a coincidence. I think this will be 4p + in the next 12 months....200% is a nice rise from here

Hardly a crash but plenty of sells

Up again

Cookie we should break 1.5p soon

http://thestandard.com.ph/business/196895/otto-energy-quits-ph-oil-gas-projects.html

https://m.youtube.com/watch?v=3SUoioxnE-k

https://m.youtube.com/watch?v=72O8n1spNYo

U make fair points here. I think Rmp have been grossly undervalued from cash levels and think the 20% rise is a catch up with the asx market. I don't think Rmp can be compared to rrl....it was the debt in rrl that created all the dilution and I still think trini is a dog of an asset. I think we will hold the 1.4 but who knows. The market might actually be starting to price in some value for a new asset.

Well what are people's thoughts here? £6.4M in cash and minimal overheads of £130k a quarter. What other company is in such a privilege position? Considering the market cap of £6M. The upside is any new venture and over the medium term the Philippines where rmp has a 37.5% interest - i suspect they will be looking to farm this down over the next few years

Hi. They have more cash than current market cap, no debt and low overheads. They are trying to sell their 20% holding in Georgia and hold a 37.5% interest in the sc55 block in the Phillipines that looks very attractive. Dyor

I think it's just a correction to reflect asx market