I hope so schach.. and agree with you that this could wake up hugely on a good JV announcement.. this has been one of my worst 'oiler' bets - it was more into milling and other things previously - so far.. it has fallen hugely in recent year(s) and i'm still down 50% as I type and that includes doing some small top ups below 3p .. fortunately my overall position here was/is not a big one..
A big green light to buy yesterday as Directors bought shares with their own hard earnt.
Good time to accumalate now before they announce a JV, and with a higher oil price and diminishing resource, Rose's acreage will be sought after.
A tiny mkt cp & small float will ensure this flys on good news.
Iteresting on the ops update the leader here says minimal dilution if any to shareholders but since then it's off 30% lol I suppose there may not be that much once it's announced and already fallen to a level for those in the know wink wink
Jordan ( S ) have been looking at it , and recommended again back in September but has fallen through resistance of 3.5p.... 50/50 .. technical one he thought .
(It always was for traders )
They never it appears had a sell on it since bringing it to me before 2015.
A welcome RNS and with the NAPE conference imminent (starts one week today in Houston) ROSE will be looking to sell this to any potential/interested farm-in/JV people who would have read or been informed of this latest news. I am guessing more appointments are being made to meet on their booth as I type.
Timing of this RNS is perfect as NAPE is the big one. Give it a week after that for another RNS update on NAPE and even better, maybe even an agreement in principal.
This is definitely worth a punt now (at last!!!) and, for me, to regain some losses even on a nice little T20 or average down as alluded to earlier.
in for a pound.
Never been so apt as my averages are mainly the latter.
Tell me I'm wrong but with 99% loss as I have some ROSE in the "Pounds" (new money too!!!!!) scattered amongst ISA, SIPP trading accounts etc I thought I might as well get my average down into the high pennies, for a few hundred pounds investment, in the hope that these "might" multi-bag.
I convinced myself I was thinking "out of the box" but.....we shall see.
My strategy (lol) is that the next RNS might, just might edge this up but against that is another cash call (most likely) but hopefully after a small rise first.
anyway - what the heck - my first sentence still stands.
Any views appreciated.
Topped up @ 3.70p.
Just reread the advise from Sprocket in May 15. ( after buying and logging on to post )
I do not know if i am learning from mistakes lol.
I do think its gambling .
That brokers firm did take part in placing @ 4p .. although he personally claimed he did not sit in with his investment committee this time .
Its all about spikes .
i couldn't be bothered calculating Ripley... the market sawthe need for such a raise coming a mile off and hence the price it is now done at is awful...... i've had a mare with this one in fairness.. luckily i've only got 3k in here but its worth 1k now alas.. not ready to think about averaging down for a while here yet though.. but it might make a comeback in due course if positive seismics.. bottom drawer for these for me for now.. sorry for any recommendation I have made on this previously....
Good job im not also in JOG , which has fallen 82% today .
Winnifrith claims all these little oilies are just a pure gamble with odds stacked against you, there is no way of valuing the assets and no such thing as any fundamentals.
He point out all the brokers/ those in the know buy on the rummer and sell on the fact.
Haven't checked JOG but the fact must of been bad.
Attention drawn to another slagging by Winnifrith today in a not so frequent now bearcast .
It fell 12% Friday id guess hes trading it.
Since Kam informed me in June hes changed his mind o it, ( questioning Integrity , but i wonder about these small brokers and all of the brokers )
Price has been much the same.
With ups and downs like Friday from time to time. now about 0.1p ( June 2016 about 0.16p )
Turner pope will do a placing for this tiddler says Tom its a stinker Market Cap of 3.4m but "utterly worthless" not fit to be on aim , got to keep raising money ( typical small USA small resources rubbish stock ) All need avoiding .
This one stands out as into many different commodity's and not focused on one which Tom says would be better.
Tom claims small PI always misplace risk ? but i was sucked in on brokers advise , he being on his brokerage investment committee and there analyst had studied it .
Why after years of going alone do i forget and fall for there patter ?
Are they all crocks ?
Share price continues to react nicely.. long may it continue..and with market cap of approx. £5m there is much much room for that to readily happen: The possible reserve estimates at Paradox Basin are amazing
Early days still on this but the market is forward looking
7 March 2017
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Update on Paradox Basin permitting process
Rose (AIM: ROSE), the AIM quoted natural resources business, is pleased to announce an update on the permitting process for its proposed 3D seismic survey in the Paradox Basin, Utah.
The Company has been informed that the Bureau of Land Management ("BLM") has accepted its Environmental Assessment Study ("EA") that supports its permit application and the 15 day public consultation period for the permit has now formally begun.
Following completion of the public consultation period, there will be a period of response to any questions raised by the public, following which the application will be put forward for final approval. If this process is successful, the Company now expects to receive the permit by the end of May 2017.
Matthew Idiens, CEO, commented: "The acceptance of the EA by the BLM and the commencement of the public consultation period is a major milestone in the permitting process and we understand this means the BLM believes all relevant issues have now been addressed to allow the permitting process to advance to final approval.
We look forward to receiving the final permit and commencing the physical shoot in H2 2017".
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