Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Today I evaluate the investment case for Rose Petroleum (ROSE), even though several of my colleagues have already put forward my thoughts. Rose is an oddity on aim because it has both mining and oil and gas assets
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Comments
catempire
James – You talk about the negatives …
Risky drilling. Ryder says most CoS numbers are between approx 15% and 56% with most at 36% or worse. There is a two thirds chance of hitting dust and an even lower chance of resources being ECONOMIC
So your not convinced it will be economic… and you personally think the drill will come up dry … then you go on to say…
I can also see Rose achieving 500 bopd plus in production by then.
So you think they will find oil?
At least you can’t be shot down for calling it wrong!!
All oil drill’s are risky 3.5p over the next 15 months.?… you don’t sound like a very good investor… if that’s all your aiming for stick it in CNR or WSG