Why invest in Roxi Petroleum (RXP):
- Funded to drill acreage over next 2 years
- Production success 1200-1400 barrels of oil per day (bopd) from Galaz - revenues monetised Q4 from possible sale of Galaz
- Sept Interims with New broker note to follow
- Possible move to SETS
- Very likely Drill Ravninnoe wells end Sept
- Drill Yelemes Q4
- Vitol involvement
- ADA acreage opportunity
A positive broker note was meant to be published by WHI. Our new broker will obviously be keen to get his clients in pre proper news hits the streets and before broker note and probable rerating. Therein lies the problem of stock availability as a high % of RXP stock is held by KO and his Kazakh mates. I suggest that there maybe an attempted tree shake at some point as institutional demand will be met by a supply problem, net result a severe pop in the sp followed by news and a further spike north on rerating.
I also like the Vitol involvement in RXP and their investment in BWLVN yesterday says a lot about their current appetite for more opportunity and it wouldn't surprise me to see their involvement in Kazakhstan-based ADA.
This share is currently below the radar of many BUT not for much longer. I am in for the long term as I want to see BNG and possibly ADA deliver. There aren't many fully funded OE companies with the deep prospects and acreage prospectivity that RXP possess. RXP have done a great job to stay afloat and have managed to obtain interest & support from Canamems, LG of Korea, Vitol and I really see this as a hugely undervalued stock that has huge 'Bagger' potential.
Smarty
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