Back in mid-2019, I commented on Rose Petroleum (ROSE), now renamed Zephyr Energy (ZPHR) , and the potential for management to change the outlook for any business. What caught my eye was just how close the company came to having David Sefton on its board bringing with him a track record of shite. It was a great escape. However It was the father-in-law of the newly appointed CEO (Colin Harrington) who flagged to me the potential for more than just a name change. Richard was not wrong to see opportunity to actually drive a business forward.
Rose Petroleum (ROSE) has had a rather interesting year so far in bringing in new capital and senior management. RNS statements caused real concern earlier this year, as Tom noted. What caught my eye was just how close the company came to having David Sefton and James Berwick sat on the board. As Tom discusses today, given what has happened at Anglo African Oil and Gas (AAOG) it is perhaps very fortunate for Rose shareholders this plan fell apart!
On 11 April Rose Petroleum (ROSE) announced that Mr Robert Bensh was buying £275,000 of shares in the company at 1.1p to take a 14% stake and would become chairman with immediate effect. Er….
Rose Petroleum (ROSE) has updated the market with news of a £0.275 million fundraise at 1.1p per share from Robert Bensh and that Bensh has joined as Executive Chairman…this is a surprise but a welcome one.
Rose Petroleum (ROSE) has updated including that obtaining a farm-in / funding commitment for its Paradox Basin, USA acreage on appropriate terms is taking longer than anticipated, but also proposed new board appointees “acutely aware that time is of the essence and look forward to updating shareholders in the very near future”…
I cover WH Ireland (WHI) and the crisis engulfing the small cap world in a serperate bearcast HERE but touch on its downfall in the main bearcast. I look at Mirriad (MIRI) which needs to fess up as to how much cash has not yet been spunked, Rose Petroleum (ROSE) and insolvent Cabot (CAB) and the panic sells created by the demise of City Financial Investments, the bid for Independent Oil & Gas (IOG) and at Debenhams (DEB) where the worst is yet to come. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
Rose Petroleum (ROSE) “is pleased to announce” successful participation in a Bureau of Land Management Utah lease sale – acquiring a 75% working interest in an additional 1,260 net acres immediately adjoining its Gunnison Valley Unit acreage in the Paradox Basin, USA…
Rose Petroleum (ROSE) has updated on a ‘Fracture Characterisation Study’ undertaken by Schlumberger, including that “it reinforces the assessment of the Clastic 21 reservoir as a naturally fractured reservoir and illustrates the value of drilling the 22-1 well”…
Rose Petroleum (ROSE) is “pleased” to have agreed a revised operations plan – this allowing it to drill its highest-ranked target first…
Half-year results from Rose Petroleum (ROSE) saw it concluding “the board is looking ahead with confidence and is excited about the group moving from being an oil explorer to an oil producer in the next quarter”. The shares responded higher, but at still little more than a £5 million market cap we see much more excitement to come…
A colleague of Chris Eadie's came to see me in Bristol a few months ago arriving by motorbike. But Mr Eadie also explains the new Rose Petroleum (ROSE) case well.
Actually I am in Greece on December 4 or at least on my way home after the olive harvest. But, in return for a small donation to Woodlarks, I have agreed to record a video from the Greek Hovel with a few market thoughts and a couple of share tips for Christmas.
I start off with a cheque received for 29p. Then as we see the Purplebricks (PURP) share price start to melt I look at hard maths and explain why the shares will collapse from here. I look at the Rose Petroleum (ROSE) placing, misleading comments from worthless crap Strat Aero (AERO), dismal interims from shamed lifestyle company Magnolia Petroleum (MAGP) and then at Intelligent Energy (IEH) which looks like a zero in waiting.
Sitting here with my father in Shipston I start with what is my favourite joke from Frazier. Then it is onto the next joke, that is the news from FastForward (FFWD) one of the many joke investment companies linked to my old friend the offshore-based asset stripper Jim Mellon. Then it is onto Amur (AMC) which is so obviously placing ahoy and where the market cap is almost as much of a joke as a FastForward RNS. Then I turn to Jersey Oil & Gas (JOG) and the idea of risk reward before having a butchers at Rose Petroleum (ROSE) where even Stevie Wonder could see that it is placing ahoy. There may be a second bearcast on Nyota (NYO) where it seems there is a mega scandal emerging. Watch this space!
The trade of the week was to buy shares in AIM listed fraud du jour Telit Communications (TCM) at 105p. I discuss why this is not a sensible strategy although it paid off last week and when it will end in tears. The podcast also covers Rose Petroleum (ROSE) the sort of utter crap that is all too common on the AIM Casino. I look at where Rose is heading and it is more compost bin than walled garden. Warning this barcast contains some bad language.
I am almost getting bored of this but to see poltroons get all their facts wrong and delight in their own stupidity gives me a vague feeling of superiority. Meanwhile I explain the latest farce that is entertaining various morons on twitter. I then look at Xtract Resources (XTR) and also, in detail, Rose Petroleum (ROSE).
It seems that Dallas Cowboys News likes my tweets on the matter of its cheerleaders so I talk about them again. Then I move on to ECR Minerals (ECR), Servision (SEV) and the spivs at Belfort Securities, Gulf Keystone (GKP), Rose Petroleum (ROSE), Clarkson (CKSN), XCite Energy (XEL) and TrakM8 (TRAK)
Today's Bearcast contains bad language. Brokerman Dan Levi is not the only four letter word used. In it I cover Avocet Mining (AVM) and Waz Shakoor, Rose Petroloeum (ROSE), Outsourcery (OUT), Golden Saint Resources (GSR), Wishbone Gold (WSBN) and bullshitting by Brokerman Dan, New World Resources (BWR), African Potash (AFPO), the china fraud Jiasen (JSI), Blenheim (BNR) and Andalas (ADL) and bullshitting by Flip Flop Ben Turney, Big Gib and other rampers. As ever they are talking cock.
Hello to the chairman of the LSE and all other readers of this website and welcome to the daily podcast. In detail I look at Outsourcery (OUT) the crock of Turkish run by serial business failure Piers Linney and Blur (BLUR) the piece of Turkish run by uber-poltroon Phil Letts. Which is more worthless? Discuss. Having behaved myself with no bad language at the London Stock Exchange (LSE) AGM I am aware that my standards rather slipped in this podcast. You have been warned. I also cover MX Oil (MXO), Cambian (CMBN), Hunter Resources (HUN) and the uber Turkish Rose Petrooleum (ROSE) whose RNS today screams SELL - PLACING AHOY!
This bearcast and your newsletter are late for a range of reasons including my sickness; taking the Mrs to start a 3 AM journey to fill impressionable young minds in Finland with lefty nonsense; dealing with Bill Bloody Gates; morons from the Walsall Shit Hole and also Bodie, Doyle & Cowley, The Professionals. In the podcast itself I cover Watchstone (WTG), Rosslyn Data (RDT), Fitbug (FITB), Rose Petroleum (ROSE), SeaEnergy (SEA), UK Oil & Gas (UKOG) and in great detail LGO Energy (LGO). I urge you to read the piece today on SP Angel. Read it carefully my friends!
Lucian will be here soon so I thought Id better record ahead of our trip to the Conservative Club with its tempting cheap beer. On the agenda I fail to mention that Finncap are complete and utter bastards but they are. I do, however, cover Ruspetro (RPO), Gulf Keystone (GKP), SeaEnergy (SEA), Rose Petroleum (ROSE), Sierra Rutile (SRX), Burberry (BRBY), Mothercare (MTC), a couple of Paul Scott jokes - please do not tell me he has any friends in the Mothercare management community that he thinks I may be offending - as well as a word or two on Challenger Acquisitions (CHAL)
Every piece of Turkish has its day and shares in dog with fleas Rose Petroleum (ROSE) jumped yesterday prompting a statement from the company that is truly laughable.
I start with today's placing news from Deltex Medical (DEMG). I do not reckon that this will be its last placing and its language stinks at every level. The money will be used for "working capital". Bollocks. It means to "fund our ongoing fucking losses". And there is more. Yes this is a bad language special. And if you are a Guardian reading loser who thinks the NHS is cash starved you will also be offended. I also look at Petro Matad (MATD), Petroceltic (PCI), Rose Petroleum (ROSE) and once again push Wandisco (WAND) for a statement. Is there a "strategic review" yet? How close are you to tits up time?
Rose Petroleum (ROSE) must by now be pretty close to running out of money and as such the only two questions are: when does it plan a deeply discounted placing and can it get one away at all? Either way it looks grim for its long suffering shareholders.
The pain killers are really starting to kick in and so I must warn you that this podcast contaions some bad language. Well quite a lot of bad language actually. On the agenda are the delusional fantasists who are running both Rose Petroleum (ROSE) and Condor Gold (CNR) into the ground. There is an apology on LGO Energy (LGO) but its shares, down again today, are still toast - I discuss what a strategic review means and why Bulletin Board morons are just so blinkered...they are in love you see. Then it is onto Iofina (IOF), Quoram (QRM), InternetQ (INTQ) and the dog Fitbug (FITB)
I am in a very good mood today whick means that this podcast is dripping with venom. On the agenda/ hit list: CEB Resources (CEB), EServGlobal (ESV), Rose Petroleum (ROSE), Jiasen (JSI), Geong (GNG) and Tern (TERN). Now I must go and prepare for my great debate tonight with the Evil Bankster.
Featuring shares of Fitbug (FITB), Genel Energy (GENL), Kellan Group (KLN), MTI Wireless Edge (MWE), Nostra Terra Oil & Gas (NTOG), Rose Petroleum (ROSE), Vast Resources (VAST), together with some share price targets.
Featuring Central Rand Gold (CRND), Northcote Energy (NCT), Rose Petroleum (ROSE), UK Oil & Gas (UKOG)
Yes, this time it was at the Greek Hovel less than 15 yards from the building. And I was just 3 or 4 foot away. Cripes. I really do not like snakes which brings me on to Philip Crawford on Lombard Risk and Nomad Charles Stanley which today signed off on an OUTRIGHT LIE of an RNS penned by Crawford. I have a 14 year old score to settle with the tosser Crawford and so accuse him of lying to investors today. Is that not against AIM rules? Elsewhere I look at Tungsten, Plus 500, Sefton, Coms and Rose Petroleum which are all sells. Events at Rose have moved fast since the bearcast vindicating me (see HERE)
Last week I forced a statement out of Rose Petroleum (ROSE) after stating HERE that it was seeking to raise £3 million at 0.3p - the shares were then 0.6p. Rose, pathetically, said that it was looking to raise £3-5 million but denied that any price had been set. Well Gotcha fellows.
Naturally I start this podcast with my big news - last night's encounter with a snake: did I kill it. You can read about that HERE. Next up is a detailed look at today's news from Environmental Recycling (ENRT), formerly 3DM, then onto Tomco, Rose Petroleum, Tungsten, Blinkx, Sefton and Solgold. And then for some folks out there - including Chris Oil - I explain what constitutes market abuse and/or insider dealing and what the FCA should do about what is NOT a victimless crime.
Apologies - publication was delayed by IT issues at the pizza hardman ranch in Canada. Ahead of supper with my father a short podcast was recorded on Thursday covering New World Oil & Gas and the market abuser Chris Oil, Tungsten, Ferrum Cresent and Rose Petroleum
Four bullish announcements since the start of March have not steadied the share price of Rose Petroleum(ROSE). The stock was at 4p less than nine months ago, well over 3 million quid was raised at 1.75p in December 2014 but desopite the PR puffery the shares are now just 0.6p to sell. But worse is to come for the company which is now valued (if not worth) 9.44 million pounds.
The Olive harvest at the Greek hovel is finally underway and so it is a late BearCast. On the agenda: Beacon Hill, Radiant Growth (a Daniel Stewart special), Xplorer (a disgrace), Petroceltic, Rose Petroleum, Quindell (a fraud) and New World Oil & Gas (a total shocker).
Today I update my call on Rose Petroleum (ROSE) made in early July where I expected 3.5p to be hit within 5 months. It has been less than 1 month and that point was smashed through last week. Rose now stands at 4.15p against my share tip of 2.25p so there has been a whopping 84% gain.
So posted some utter moron in the comments section of this website at the weekend. In fact we get a post a week in that vein. I guess Bulletin Board Morons just do not get it so let me explain once again.
Following the growth of interest in US fracking companies listed on AIM I contacted Matt Lofgran CEO of Nostra Terra Oil & Gas (NTOG) for his views and thoughts about Nostra and general views about the US peer sector listed on AIM. It strikes me that Nostra shares could double from 0.3p.
After Rose Petroleum’s (ROSE) recent dodgy placement (which, yes, I do believe the charts strongly suggest was forward sold by some), I wanted to take a closer look at the company. At the weekend, my colleague Chris Oil drew a furious response on Twitter after he wrote this piece, suggesting Rose was a short. Thankfully not all of the comments were moronic abuse, and reader Scott Winter submitted this riposte to Chris, in defence of the company’s prospects. Now valued at £30.7million, with a share price of 2.35p (last seen), I have to admit I lean more towards Chris’ assessment of the company, but accept that Scott could be proven right first. The passionate following behind Rose certainly looks an indicator of further share price gains to come and 4p is as good a target as any. However, it would a mistake to view such a move as being driven by anything other than sentiment and certainly not sound fundamentals.
There were two interesting articles on Rose Petroleum (ROSE) written by Chris Oil this weekend that caught the attention of many retail investors. Chris has made some great calls recently, most notably Hurricane Oil (HUR) which has risen over 50% since his tip at 27.5p. Anyone following Chris’ advice would be reaping some healthy gains. However I think Chris has got his calls on Rose wrong. I am greatful to Tom Winnifrith for - in the interests of balance - allowing me to put the alternative point of view.
Since my last article on Rose Petroleum (ROSE) I have received a barrage of abuse and even threats from shareholders who disagree with my stance. If they think I am wrong they should buy more and if I am wrong they will make money. If I am right they will lose more. Ultimately it is fundamentals that determine a share price not articles in the press.
Following an AGM on Friday 434 million new shares in Rose Petroleum (ROSE) (33% of the enlarged share capital) will be issued on Monday. Ben Turney explained this shocking state of affairs HERE. Some mug punters seem to read a few things on charts and reckon that the shares – now 2.28p – could hit 4p. Nonsense, they are a sell with a 1.6p target. Here’s why.
Rose Petroleum’s (ROSE) £6.5million placement on Friday has a distinct whiff about it. It is true that Rose’s share price has performed admirably over the last twelve months, so I doubt many longer term shareholders will be concerned about what’s happened. Even so, the rationale for the 1.5p price of the placement and the exclusion of existing shareholders from the deal doesn’t feel right. The nosedive Rose’s share price took in the fortnight before the placement just stinks outright.
This is a short term trading play as the newsflow here will start within ten days and will continue at a rate of knots until early August. The shares are a buy at a 0.8p offer with an early August target of up to 2p.