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That would indeed be a sad state of affairs if Idiens did that. The very least he owes LTH's by getting a debt package which is a big ask considering ROSE doesnt have any reserves on the balance sheet but im hopeful that something is coming.
Lets hope its good and not bad. ROSE could potentially 10bag from here IF they sort out the funding on decent terms. Mcap is pretty small and NPV at $100m+ gives some room for negotiations.
Even if they gave 70% of the license away for a free carry that would still give ROSE a risked valuation of $20m which is still a few bags from the current level.
ATB & GLA
Been watching this for a few years and have traded it successfully albiet at a small profit. The problem here is the CEO Matthew Idiens who has throughout this whole debacle been taking a £200k per annum wage yet hasnt got much skin in the game.
His recent purchase was just to throw another glimmer of light for the market as has been the recent appointments. This new appointment is possibly yet again another glimmer of hope for LTH who are probably 90%+ down on this share.
The new Chairman has the experience, expertise and wherewithal to fund this well program for ROSE but the question remains, at what cost?
Yes, 4000boepd lol not 400boepd, should read what im posting..
Have a read through farm out RNS bigspike as most of the info is in there. We are carried for Barryroe which includes sidetracks and further drills to delineate the resource...
The drill is also targeting a deeper horizon which will increase the resources from 400mmboe to 750mmboe there or thereabouts. You only need to look at who is buying up stakes in PVR to realise an eventual buy out of LOGP is coming hence Brandon Hill holding such a large stake
Its an appraisal drill and the well flowed at 400boepd when drilled lsst time so no CoS on this. They are targeting the same horizon therefore the oil is there. Its just a matter of how much!!
Same here mate but it wont make any difference once we strike black gold. APEC here for a reason, Institutions here for a reason, we're all here for the same reason and that is to provide Ireland with Oil so that it can stop importing 100% of its Oil and causing the environment any further damage, oh and to make some money!!!
The MM's are mugging the lemmings or those of a very nervous disposition..simples
Nice try, actually just bought a few some days ago. Holding for the drill. Absolute madness to sell now when the likes of Goldman Sachs are increasing their stake.
Covers new licenses only so does not affect LOGP. MM using this to snatch some shares off PI's. Should have waited a day or two to buy in as this is just a massive opportunity to load which looks like I timed wrong but holding all the way to the drill..
This covers new licenses so does not affect PVR also there is no chance this bill will go any further as Ireland is heavily reliant on Oil and imports account for 100% of consumption so I'd use this opportunity to increase your stake as these prices wont be here for long.
Not a chance, too much money involved
That report is based on previous figures of the old PSA. An updated broker note is required to note the following:
increase in WI to 100% compared to the original earn-in of 75% represents a 152Bcf (25MMBbl BOE) increase in the net 2C gas resources and 9.5MMBbl net 2C oil resources attributable to Block (Source: CPR completed by Gustavson Associates, 1 January 2018).
People selling here for lunch money but forget that the sign off is just around the corner. BoD have put in a decent wedge here and have a record for delivering so cant see them putting their necks on the chopping board over SOLO.
The sign off has already been extended therefore another extension might be on the cards although I think we will see sign off with license extension news.
The Gov of Tanz will not just lose $100m in investment and possibly more as suggested by some here. Very confident here especially now that we have Gneiss BoD dealing with matters and not Ritson.
ATB
What ever happened to 1.75p? Now that things are looking good you have certainly changed your tune.
Your constant deramping has lost many an investor a nice low entry price..
Hope you're happy now
Few factors to consider. Shell hasn't completed the sign off and are merely doing their DD hence 3 month long stop date. A few traders selling out stopping sp from rising. Mcap not as small as ROSE.
Once Shell complete the deal then the sp will be much higher in expectation of sign off.
ROSE need to get this drill going and either take on an RBL or find a partner as this has been going on for too long. Idiens needs to find a backbone and stop being a leech.
Plenty of news to come here. Along with KN-1 remediation, we have license news due too and let's not forget Helium IPO. Once the news starts there will be no stopping it.
Valued at just above cash at the moment so nothing is priced in. For our 25% of Ruvuma we should at least be valued at the 2p reserves let alone the prospective resources C-1 will be targeting. Fully funded and ready to rock and roll imo...
GLA
To my holding. This will be the drill of 2019. Will be adding more if they decide to drop it further...
Don't let the mms get their mitts on your shares. This will easily double bag when news lands and it's what we're expecting. Can see this doing a JOG