Member Info for oilriches

All I am looking to send some questions from shareholders to red emperor and see if they can be published on the website. Any1 have any questions?

Hike I won't wait 4 years but 3p is a great rise from here

Is massively overvalued at this point. With 5.2 billion shares in issue this will have a market cap of nearing £4m for a shell with only £1.4 million...way overpriced. New is at 0.07 with less shares in issue more case in the bank and is only valued at cash in the bank. Ppl will lose a packet short term buying at 0.075

Is slowly starting to creep back here now. I wouldn't be surprised to see 1p here by the close today

Tin man these are well positioned here to really make progress buying distressed companies. These will be 3p plus end of the year at least

Lets hope so

Ha there is still life here

Still here, break 0.98 and we are into a phase up in sp

It's a very interesting situation. Overheads are one of the lowest on aim £90k over a three month period and £30k in interest, net cash burn was £60k, which is minimal...and no debt. Rmp has fallen far too much and will be one of the shares to recover strong. Fingers crossed Georgia goes this quarter and we have more coffers in the bank

Island - I think Rmp are going to take a bigger stake in sc55 and attempt to farm this down in the next few years, I don't see massive short term value creation on sc55. I do see a new venture be it production or exploration this year and that's where the value comes with a stronger oil price.

That's what we need for a 5p share price ev is what the business is valued at eg to be 5p again this needs a circa £21m market cap....take away cash at £6m and £15m that is required from an asset valuation in the future. Once the sector recovers this looks a solid bet to hit 5p again dyor

Bigjr - don't hate the game hate the player!!!!

carbonate prospect containing best estimate gross unrisked prospective resources of 1.4tcf and 48mmbbl of condensate. It is considered to be analogous to the 2.7tcf Shell-operated Malampaya producing gas/condensate field 400km to the north-east. Malampaya is the country’s flagship producing gas field and has been feeding three gas-fired power plants in the city of Batangas, 500km away on the main island of Luzon, since its start- up in 2001. The Cinco prospect will target the Nido carbonate reservoir as found in Malampaya and is assessed as having a similar seismic character. Cinco was identified from the 1,800km2 of 3D seismic acquired and funded by BHP Billiton as part of a farm-in option announced in January 2010. Cinco is believed to be more geologically complex than Hawkeye, leading to longer drilling times and higher drilling costs. Otto has assessed a 20% GCoS for the prospect.  Eight leads after Cinco: following on from Cinco, the company has identified eight further gas/condensate carbonate leads and prospects in its portfolio, containing a further estimated 8.3tcf of gross unrisked prospective gas resources and 295mmbbl of condensate (or over 200mmboe each on average). A discovery at Cinco would help to de-risk these leads.

Agree cookie. many companies are going to go to the wall in the coming months. At $50 most companies get into neutral cash flow. These companies will continue to be squeezed at current levels by debt and high operating cost assets. a good example is the rig count in the usa....its 30% of what it was. rmp could do very well if they deploy cash in a prudent mannor

May not happen for some time but the oil sector will be very bullish within the next 18months. 5p looks a very conservative future value for rmp why? 5p equates to circa £21million on 425m shares, minus cash is circa a £15m enterprise value in the future with sc55 and Georgia as additional assets. saying that, rmp have a value of £1.5m in their accounts at the year end report, i would suggest a value of £500k is realistic but its what some1 is prepared to pay. sc55 may be the suprise on any oil recovery - cinco with 3d and gas levels need replemeshing in future years.....erm shell may have a look at this

We may end up with production assets with exploration upside...the squeeze is just starting on producers and I believe oil will touch $30 again soon but who knows

Hopefully he will. This is worth 1.45p just on cash. Aussie dollar is gaining strength against the £. Georgia May net us £500k if lucky and sc55 has significant value with 3D covering cinco prospect. Another bit of activity will set us up for 3p, 4p but activity is a waste of time until oil price is at $60 plus

Is starting to move

It will be assigned free but the key will be can they farm it down in two years

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