Member Info for SuperRoty

Yes the first of many placings. Best to sell out quick before the next consolidation.

Yes but we own 100% of our blocks. Presumably ECO does not.

Great enjoy the fab weather. Bank holiday surprise.

I agree. It looks very good from here. I am interested to know who is buying the shares? A jv partner dipping their toes?

Thanks. No wonder ROSE raised the money so easily.

Tonnacombe What do you think the COS of the first drill will be. I think 75%. And I agree with your flow rate analysis. Roll on Q4.

I would not be surprised if there is no RNS until we spud. That will knock a few for six.

I agree additional acreage will give a better jv deal.

South, I totally agree with your last post. I think they now know what they are doing, but I do not think anyone is a fan of them. They have a lot to prove this year. and they need to be assertive and stick to their plan. If they can do that the buyers will return.

Although no placing is welcome. This one shows that the BOD are committed to getting the drilling done on time. We are basically doing all the grunt work so a partner can step on board for the drill as the train is leaving the platform. Everything will be ready for them. I would have actually perferred ROSE to have raised $10m so they could have gone it alone if a jv did not materialise, (such as MATD,) but I understand that the BOD have limits on how much they can raise. IMO opinion the CPR will make excellent reading. The stated COS of 56% was given by Ryder Scott in 2014 and the 3D's must increase this substantially. I think the first drill will actually be an appraisal well with a COS of 75% plus.ROSE were also desperate to increase their acreage and the BOD must have a strong reason for this. All will be revealed. This is still a very risky investment and the BOD are not in favour with many PI's and I understand why. Some are 98% down and very upset at how they have been handled. However, I think that anyone investing now stands more than a half decent chance of getting a reasonable return. But as South continuously points out. Watch out for more dilutions as I am sure more will be on the way, in particular if we get a decent rise on the back of news. As for Twitter, ROSE is posting two or three tweets a day and if we all follow ROSE and re tweet their posts the word will slowly get around. I am convinced that they have a jv lined up and word is slowly getting around about the potential here. 6 weeks to the CPR and the permitting process is well underway. Lots of news to come here.

I agree but the market seems unmoved by the dilution. I want this to stay low for a while as I want to accumulate more.

why not ROSE PETROLEUM JELLY.

I have just made a 220k top up @ 3.23 but not showing. No mass sell off. Unheard of with a placement. This will soon head north.

When the rig sets sail.

I still think ROSE tried to get a jv some time ago but were told to come back with 3D's. Once we get drill permit and updated CPR all will be revealed.

I know and I hope the results are outstanding. I am happy to pay more than lose out again. Good luck.

that is because the JORC withdrawal indicates M2 could be crap. I am waiting for results before buying in.

I will top up. It is a bit of a gamble for Idiens issuing shares without a discount in this company. I would love to get in a gain at 2.50p or less.

Rose has been approached by a number of third parties about potential partnering and investment opportunities in the region. This could mean anything from drilling for oil, lithium, gold or setting up a ranch with MacDonalds. I agree, it looks good but take what he says with a pinch of salt. Matthew said only days ago "minimal or no dilution" then we have got hit with a �1m share issue, which must of been planned for weeks.

No massive drop. I just wished they actually they raised $10m instead of �1m. Then we would have the funding for the first drill and any JV would be a bonus. ROSE are at least they are getting on with the job and the fear of an immediate placement has now disappeared. The amended CPR is out in 6 weeks time and this will make interesting reading and the permits should arrive a few weeks afterwards. So my view is that we could be in for a period with only good news hitting for the next few months. The price is close to the placing price so load up now and hopefully this will steadily continue on an upwards path. With the dilution my pre spud price with a jv is now 15p to 20p. So lots of profit for all.