Introduction to AIM in May 2007. Market Cap 64million at placing price of 38p per share.
Raised 39million from Institutions for building a portfolio of oil and gas assets in Central Asia.
Completed purchases of Ravninnoe and Beitars oilfields.
Strengthened company infrastructure.
Further aquisitions for 95million on 3 oilfields at North Karamandybas in Western Kazakstan. Value greater than current M Cap so treated as a reverse takeover, hence companies suspension from trading.
Option to aquire 50% intrest of two assets in Aktobe Oblast for 213million to be paid by cash or further flotation or a mixture of the two. Ownership of this asset is being contested in the courts and a decision is being currently awaited.

Andy

I am only passing on information from my own city of london sources and there has to be an element of trust built up over many years with one's sources of information,etc..the risk/reward ratio has to be ascertained in every investment in shares and certainly the reward far outweighs the risk case for buying RXP at these levels below 14p..patience will be rewarded..for example Western Canadian went all the way down from 140p last year to 25p and they have in recent weeks gone over 5 !!..just coming off their best today at under 5 ...now Roxi has the potential to recover from these levels to much higher heights when they raise their drilling money- they have the acreage in a highly desirable area and we know that oil & gas prices are going to stay very high for sometime to come ...say no more!!..fill your boots and hang on in there for an exciting ride..at least you are not paying @70p level like some people did or even 40p after they returned from suspension!..WH Ireland 's recent note says it all..the shares are an anomaly at present and they recommened BUY.

Just to let you all know that www.britishbulls.com...have got RXP as a BUY at these current levels of @13p.

better sell then! britishbulls is crap....i've tested it lots on several companies and its success rate is poor

u still ramping this dodgy share?

I can't agree with you more, scot. Britishbulls give loads of bullshit recommendations. And Roxi is certainly not doing well.

blueface,

I wouldn't pay any attention to that rubbish, they are frequently very wrong, and are only using TA, which doesn't work very well with small caps where news is the main mover of the SP.

Re the funding, I have seen many posts stating that funding is "sorted", and about to be announced, on various BB's, which is starting to look like unsubstantiated rumours and even ramping, as clearly it is taking longer than expected.

I would beware of people making statements that are not coming true, this is sometimes used to try and support the price by reassuring nervous shareholders and prevent them from selling.

Interesting comments Andy and I agree with all that you say!..one has to be very careful with people who deliberately say things to ramp shares but I am inclined to believe WH Ireland's comments in their recent buy note and I am an optimist at heart myself and try to weigh up all the information available from my own city sources..oil and gas exploration shares have always been volatile since i can remember.I bght Tullow Oil at 40p many years ago after meeting Adrian Heevey-chief exec- and he has done a superb job in the last 10 years building up his company to where it is now! I originally became involved in RXP last year and bght at 42p just after they floated on AIM and took my profit at 67p and kept out until i bght back in recent weeks at 12.95p and 14.30p where I am very relaxed and feel fortunate that I was not holding the shares when they got suspended and a certain hedge fund was a huge seller after they returned from suspension which contibuted to their rapid fall from 44p to current levels,etc..lets hope that we will hear positive news soon on funding arrangements and that confidence will be restored!..I note that there was a nosey buyer of 100,000 just under 13p at 16.27 just before the close of business today!..i wonder who that was!?!..

blueface 100k isn't much!

it is if it was a zimbabwe buyer

oh dear, another bad day for roxi

I have dipped in again this morning and bght 50,000 at 11.47p ...shares are just drifting..I spoke to one of my sources who spoke to someone at WH Ireland and was told that the shares are ridicously cheap now and that we should be hearing details of funding sooner rather than later!..fingers crossed and away we go on and upwards..the oil price is certainly holding up at higher levels so we are definitely in the right sector!

INSTANT LOSER WITH A SPREAD OF 12.5%

good steady performance in rxp yesterday and follow through buying today..I am pleased with my additional purchase on 27th june at 11.47p...we should be getting positive news very soon now...watch this space..if you have not bght in yet there is still time whilst the shares are under 20p!!..LOL coming guys..BUY

wheres that news?

graph looks awful....lack of funding and market will kill this

Funding news - that's what we're all waiting for. My bet is that we'll get a big announcement at the AGM on 18 July.

lol.....it was supposed to be over last month.....now its this month....then its next year....decade....century

LOL indeed - I'm also in MXP - same story there. Jam tomorrow, always tomorrow!

'Funding news - that's what we're all waiting for. My bet is that we'll get a big announcement at the AGM on 18 July.'

Not only funding news.. ( Kazak poster on ADFVB source says signed.. looks like a farm in partner) but we have started drilling. Wait for the drilling announcement this week. This is possibly the best price to get in.

I hope you are right shanus. I doubled up on Friday at a shade under 12p. I am trying to work it so that I can get to the AGM on 18 July. Anyone else planning to be there?

SHANUS

I do not know of a website called..ADFVB....I know of a website called..ADVFN...do you mean the latter?- presumably this guy called Kazak -nickname of course- is a bull of the shares from higher levels?..If funding/partnership deal has been signed as he says then the company would have to announce it to all shareholders...all I can say is that we will be updated at the AGM on 18th july - only 10 days away!--all we are hearing at present are rumours but usually there is no smoke without fire so the shares should be picking up ahead of good news --somebody always gets to hear first and lets hope that we will see these signs before the AGM !..I noted that there were 2 lots of 205,000 shares @12p mark reported as buys but I think it could have been a roll over as the deals were within a minute or so of each other...fingers crossed for positive news either before the AGM or on the 18th itself!..I am personally still very much a bull of the shares at these levels and I agree with WH Ireland's recent buy note at 11.50p on 5/6/08 saying that the shares are an anomaly at present and that the present market capitalisation appears to "significantly undervalue the business"--what more can one say guys!!--hopefully LOL for all patient shareholders!!

One of my city sources rang me today to say that he has bght more RXP shares for himself at @12.50p - he has been told that news will be very good at AGM -possibly could even be an announcement beforehand!..lets all hope so!