RE: It will only need5 Mar 2018 11:25
Tweedlehappee,
I totally agree. ROSE has already identified 53 well targets. This is onshore US we are talking about, with nearby excellent infrastructure, and the COS stated was the one quoted by Ryder Scott in 2014 before the 3D seismics. The 3D sesmics are of outstanding quality and I suspect the COS should be revised to 75% or more.
Even if there is a dilution the share price will soon recover. ROSE is targeting over 450 million barrels of oil, and could easily have a MCAP of �100m pre spud. Look at CHAR and MATD. Both have raised a lot of cash to fund a drill program and the share price has never dropped to the issue price.
My tactic is simple. I have invested 50% of my intended investment now so if a JV is announced I will benefit from the instant uplift, but have held half of my funds back so if there is a dilution I can benefit if there is a drop in the share price.
It takes time to sort out big deals. There is no need to panic here. ROSE is about to rise from the ashes.