Member Info for Rookie1

First oil expected from Cambo 2022, could be around 40k with 10k currently producing ,by the time you consider the tax relief the rate of return would actually be very quick, that’s Not to mention the 30k+ we would be producing by then.
Obviously like 1750 said, it seems like a low ball offer in comparison to other bids but doesn’t seem like we are biting off more than we can chew to me

Stick me down for 8p ( keeping my expectations low) on sea lion FID alone, a farm in partner puts us right back up to 20-30p.
Punt money will start creeping in here, the upside is potentially massive.

No,sorry shouldn’t have used that as subject. My original post was going to be I am expecting a TR-1 but after reading about labours manifesto I am confident that’s what’s spooked the seller to push more through quicker than usual today and caused the sharp drop.

Only just getting chance to read up on today’s news and it does look like the mad rush to sell was down to labours proposed windfall tax on O&G companies..

Can’t understand why they pushed 5 tranches of 5k shares through in under 2 minutes? Seems odd when they have been drip feeding them at 2-3 a day max most days.

I drop in this bb now and again as I sold out around 25p, I remember you being Very bearish on rkh I’m sure? What has changed your mind?

Nice to see I gave oil the kiss of death this morning, done nothing but drop since.

Heading to $65 this week imo. That will be $67 for our stuff :-)

can’t last forever though. Once they are out I see £24 without any more acquisitions.

That’s more like it bob!

I bet your some crack down the pub, soberman.

I don’t need convincing what an opportunity this company is, I’m heavily invested here I was just asking opinions of what could be preventing this from lifting other than macq selling.

I would actually like to hear people’s thoughts on this, (apart from pointless replies from
Soberman) does anyone else think this will impact the sp or am I looking into this to much. Regardless of political views it can’t be good for us?

Ah yes sorry Soberman, having a hippie who hates anything to do with fossil fuels and wants to increase corporation tax to subsidies the bums of the country is just what this company needs to attract investors, good call mate.

I have a feeling GE fears are going to loom over us this next month, fears of Corbyn getting into #10 would hit all uk oil and gas very hard. I mean he will cripple the country completely but we will be the first to lose money.

Ahh good we have another moron to contribute absolutely nothing to this forum.

Hahaha brilliant

Nice 170k but just gone through though

We really are this is getting rediculously cheap, then again, this is the Rockrose way we’ve seen it before then boom.

I will add to that by saying the only reason the price is still at these levels it’s due to instis reducing positions since before and after relist. We are due a big price correction here even without any more acquisitions, take a look at sqz price action after their deal and how it bounces around 70-80p for months in a similar way and then almost double again after that. I see the same happening here and sitting around the £24 ps mark once macq are done selling.