Rodinia Oil Corp. V.ROZ

questions

[johnboyltd]

They have no debt and a good land position, and the same BOD virtually as PFC with probably shared offices in Adelaide. Are there any contingent liabilities, can they lose the land through non performance after drilling 3 wells? Why are their assets only worth $1 million? What is the danger of delisting?

[jansonnl]

was not aware of the simularity of the two companies: -same address -mostly same directors -same CFO -almost identical website -CEO was also same, but Paul J. Bennet left PFC as CEO and Director PFC found a strong JV-patner in Statoil (would be an excellent partner for Rodinia too).

[dirtmerchant]

I believe they own the land lease for 5 years.  (from 2010 I think). Its my understadning that they must do some work on the lease every year, be it drilling or seismic etc The land leased is very different from the land PFC has. Much more difficult to get to with machinery, the rock is difficult to drill (major reason for the cost overages on the test wells) and not the same oil shows as

[mining_pays_my_bills]

Hi guys, I have been a shareholder of ROZ in the past, and am thinking about getting back in, but for different reasons than are being promoted on this board: Most of the questions you've all been asking are answered in the Q3 2013 Management Discussion and Analysis (MD&A). Check it out on sedar.com. True ROZ has no debt. However they have a working capital DEFICIT of $84,000,000. Which

[birdie22]

mining_pays_my_bills, ROZ strategic review is not concluded ,CIBC is no longer involved but they are still in review and I understand they are still in talks with some interested parties, check it out with the Company CFO. $84,000,000.00 is not what they have to raise that is the accumulated deficit of all the write downs Dry holes and land value etc , with a share price of below a nickel they

[mining_pays_my_bills]

Thanks b22. Your posts are always very enlightening- both on this board and the PFC one. Thanks for setting me straight on the deficit issue. I guess we'll have to wait and see what comes out of the AGM in March, as to whether they will still be a "going concern" or not. I know ROZ land came first, and I actually bought into it before I bought into PFC. My interest in ROZ is what

[birdie22]

One other item that is a possibility is a buy out for the $84,000,000.00 deficit, It could be worth about $22,000,000.00 in tax savings to an profitable acquirer and they could pay say 25% for that which is $5.5mill /107 mil shares = .05 cents a share, its happened before, just a bit of the glass is half full.