Member Info for SmartyP1

1. AKD-4 on the Akkuduk structure

2. T-2D on the Toresai structure

Clive will communicate with PIs but imo, he never gets drawn or crosses the line. If you want to go inside then I suppose that’s an option and you’re locked in. CC did communicate via RNS that they’d received offers significantly in excess of carry value so I suppose almost double the price could be considered as significant ?

Whoever is selling now is having to take far lower prices unless they’re done of course. The MMs are playing a blinder this week and robbing PIs with a 5% spread most of the time, currently 3.3-3.45, not bad business for processing orders !

As posted this morning. This is in the best shape it’s been for ever if you look at the immediate opportunities. Obviously success is key but I can’t remember a time whereby there have been so material news events in the very near term. The CE cash will probably calm a few nerves, the A5 news is huge but as stated, @ 3.45p, this is a raving buy and the downside is minimal but as always, only one person accountable, no victim mentality in this game.

Cmon Casper, time to deliver :)

Somebody very keen to catch a boat or was it to disembark. Was expecting to see the retrace as posted earlier in the week but the run of buys that pushed it north was sold into again and more range trading. Down to news now and plenty of it but our seller (s) obviously doesn’t want to see the flavour.

Their plan/strategy needs to be flexible and fluid dependant on results. Maybe I'm barking up the wrong tree with other asset sales and success is obviously key as it will give them options. If they did achieve success at any of the 3 deep blocks then it's transformational for the company. Lets take the biggest opportunity ie A block. If A5 flows, we know that investment requirements to deliver a thorough FDP will be considerable and maybe that's the time they bring in a competent partner with the technical expertise and financial strength to bring home the bacon. Same goes for the other blocks but success is key and gives them options, who knows, it may lead to a trade sale as an exit it further down the road.

Proving up their asset base was always the strategy and subsequent disposal of them or the company was the end goal, success obviously adding multiples to any valuation.

We know that Casper have to navigate the political challenges, the associated bureaucracy etc but they've managed to do this for 18 years thus far. The board are not getting any younger and I suppose the right price for any of the assets or company will always be considered.

Been here a long time, seen and lived the calamities and challenges to date but I actually believe that we're on the cusp of the creation of some real shareholder value. A high risk investment but maybe one that is just about to deliver sone or all of its promise.

Joe,

It’s an interesting one. They’re definitely tight on cash and you’ll see the liabilities column increasing in the 23 finals, hence the need to raise cash. The simple solution if all failed would be to dilute us with a Placing, that would be the last straw but would keep the lights on. Instead, they are flipping assets where required. Shallows are first up and the prod licence (if/when approved) on the deeps will probably see them on the list next, the valuation will depend critically on the next 2 key wells in play ie 803 & A5. Block 8 next, what’s the plan there come the prod licence approval ? Test the new wells and include with BNG ? Left with WS, the rig biz, the CE and a bucket load of cash. I am hopeful of the ‘sensational’ v the ‘calamitous H2, am fully loaded and we don’t have long to wait to really see the strategy.

Yep, was there too but was one that made me a few quid ! Todd Kozel !!another clown and plenty of those on AIM, David Fulogas being one of my favourite bull shoiters.

Ryder Scott ? I had to have a little think as to why that was ringing the bell and then I had that nauseating feeling, Max Petroleum !!!

CC,

Lets hope it is 100% and no more delays which has been the case with this well, it’s been a long time coming.

MMS are controlling the game with silly spread. Max sell 325k @ 3.551, buy 150k @ 3.78. 1.1m buys v 660 sells, they’re taking the P.

Or 3.551-3.78 as of now, bid stronger than ask.

The CE employment note was a great find but doesn’t confirm deal going ahead but it shows commitment to continue to hire people when surely not needed if no work in the horizon ? All I can find in the public domain is that it’s going ahead so we wait for news which must appear shortly as planned drilling is Q3 but must be early Q3 as to take advantage of the weather. May need to extend the barge charter if probs encountered so I expect to see news very shortly.

A5 news is the biggie. I’m not holding my breath BUT if it’s another failure, hopefully it’s with some positivity ie it flowed for x days in x choke. All this data will continue to demonstrate oil is there and at commercial flow rates BUT hopefully they succeed this time . This is the company maker news that kicks this off in style and you won’t be paying mid 3ps for long. Even if it’s poor news, lots of other news in the pipe in short order so limited downside if any.

Some of the sells are buys. True market is 3.55-3.67 but MMS taking the proverbial at 3.89p to buy larger bundles !! Yes there are sellers but that’s going to continue in the run up to double figures, dependant on the right flavour of news obviously.

@adrianz_invest

Don’t know how he found the A5 update but he did so hats off, yes. Don’t understand why we need a SDM as it’s not our project but hey no, it sounds very positive. Interesting trading day tomorrow.

Another good find by Adrianz re the 1 year contract for the Specialist Drilling Manager from the US to work on CE project. Looks like it’s going ahead and Casper have already spent X getting CE prepared and thus another commitment . We’ll done to Adrianz for A5 and CE find, let’s hope they’re both positive results :)

Https://uk.investing.com/equities/roxi-petroleum-plc-historical-data

Put in Aug 2013-Sep2014. A rise from the 2/3p lows to 26p intraday high before the first blockage. Cant believe it’s 10 years ago !! The first ever deep drilled and 11 bags. Less shares in issue but only 50% of the acreage and if you compare to today with 7 deeps drilled, shallows field, the ole CE, Block 8 and the camel plot, oh yes and 3AB that is still going to return our invested cash, allegedly. All for 3.6p and let’s hope that we finally get the chance to ramp the arze out if this. A5 gives us the opportunity to tell a very nice story ;)

A question for the long term holders, what was the largest volume traded in one Roxi day post A5 news when there were a lot less shares in issue.

A5 not now as they’ll not want any egg on face moments. If it did actually flow at sensible volumes ie 1000bopd for the 30 day flow test, would they wait longer to ensure that no blockages or c*ck ups. Also will be interesting to see how the news will be received knowing our history. I believe it will take a while for the penny to drop, that’s the opportunity moment for investors, especially the LTHs to pike in if they’re not loaded enough already. Probably would go to 8p first day as there’ll be loads of selling but the hype would be off the scale as they have 5 other deeps on the ho in the H2 period. We all crave that moment whereby we can tell the story and explain the opportunity ahead as bullishly as possible ;)

If it is news driven then most likely the barge but could also be FY accounts. Historically, publication was always in May pre Covid. If it is FY accounts, it’ll show a profitable year but liabilities increasing. Much that they’re selling shallows above the balance sheet carry valuation, the increasing liabilities and tight cash position were also factors in the sale decision along with the inability to build and sustain prod volumes.

Could also be B8 licence award or an interim A5 update but I think both unlikely til June.

HQ are in silent mode so obviously in a closed period or CC us up to his eyes preparing the annual accounts.

Over 2.5m buys and one sale of 288k. Where was all the stock coming from as the sp should’ve moved more than 5%. News on the doorstep ? if so, which asset and what news flavour ?

Or if done peeps buy a few, the sp might go north :)

CC,

Lots of variables that can catapult sp but A5 is the BIG news. If it comes in and that’s a big IF, then the sp reaction will be significant, if it isn’t initiall the fill your boots time. If it fails but flows again before blockages, it’s more data yo put into the pot which will accelerate the BNG sale after prod licence granted.

Fed up of the small bits of news that are not rewarding investors. They need to prove up BNG and sell for loads or worst case get gem to flow pre any blockage issues and then sell for a tidy sum, either way we make some real money.

DM,

A mate’s just bought a 9m Stingher with 2 x 250 Mercurys . I actually can’t believe the price ! , eye watering. I either need Casper to finally deliver or if not, rent his rib on the cheap ;)