Rampart has confirmed no drilling until early 2016.
Rampart not worth a full penny. 0.009
Some strong company..
Royal Management head is in their #$%$
RTD - RAMPART ENERGY LTD ORDINARY FULLY PAID
Price Change Last updated
0.009 -0.002 (-18.18%) 20 Aug 2014 - 8:53AM
Prev close 0.011
Val ($A) 43.5K
Why is Rampart Energy raising cash at time?
Speculation the cash is for drilling this winter not next winter.
chasbo1239t thanks my pleasure to post important findings.
Do your own DD
There going after more financing.
Rampart Energy to raise funds, includes placement
Monday, August 18, 2014 by Proactive Investors
Rampart Energy to raise funds, includes placement
Rampart Energy (ASX:RTD) is heading to market with a capital raising, which will include a placement. The ASX has granted a trading halt.
At the start of the month the company announced that Operator Royale Energy (NASDAQ: ROYL) terminated the contract with Kuukpic Drilling, for drilling of two exploration wells in the Western Block, North Slope Alaska, during the 2015 winter season.
At the time Rampart said in order to retain the rig a substantial deposit was required to be paid by Royale Energy, funded by Rampart Energy.
The joint venture determined that it would not be prudent to proceed with such a significant financial commitment without a greater degree of certainty that funding of the drilling program can be achieved within the available timeframe.
The halt will remain in place until the opening of trade on Wednesday 20th August 2014, or earlier if an announcement is made to the market.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Ko
These two little company's bit off more than they could chew.
They did not pay for the rig contract,so there never was a valid contract.
Now they better get on the show 'shark tank' and secure money a lot of it.
"By securing a rig, we have overcome the biggest challenge to meeting our goals for drilling this winter," said Stephen Hosmer, the company's Co-CEO.
There's news on Rampart energy dated 1 Aug.
Read the news at Rampart and you'll understand what I am talking about.
There is a lot of information much much more than Royl 8-k.
Google Rampart Energy look for pdf file31/07/14
Mixed messages here.
Please let me know what you think of the report as far as Royal is concerned going forward.
Is Rampart contract void? Do to non payment.
Royl could find a new partner.
Royl could Sell the property.
Royl could sell the entire company.
Rampart given more time to raise cash.
Form 8-K for ROYALE ENERGY INC
Item 8.01 Other Events
On July 29, 2014, Royale Energy, Inc., notified Kuukpik Drill that Royale was terminating its contract for drilling two wells on Royale's block on the North Slope in Alaska, during the 2014-2015 drilling season. Royale elected to terminate the contract after Rampart Energy, Ltd., notified Royale that Rampart would not fund the initial payment due to Kuupik Drill under the drilling contract. This decision was made to avoid incurring penalty fees that would have become due to Kuupik Drill for failure to make timely payment. Royale believes that the drilling contract could be reinstated for the 2014-2015 season if new arrangements can be made to fund the drilling commitment.
Jul 29,2014 4.17
Jul 28, 2014 4.30
Jul 25, 2014 4.52
Jul 24, 2014 4.38
Jul 23, 2014 4.46
Jul 22, 2014 4.32
Jul 21, 2014 4.78
Jul 18, 2014 4.78
Jul 17, 2014 4.41
Jul 16, 2014 4.54
Jul 15, 2014 4.12
10 days in a row not going under $4.00.
Market Makers are in no hurry to trade in the 5's.
Status quo in the 4's
Market Makers are in no hurry to trade in the 3's.
I am in no hurry the Market makers are in no hurry.
I am going to hit the buy button between $3.95-$3.75.
$5 March 15 calls.
Because you must own enough that counts.
Does anyone else here have a plan?
Except panic city! And churning there shares.
Disclaimer due your own DD..
Stock market rules state over time all trading gaps must be filled.
We have no trading gaps to fill so far on this move.
Market makers never take weak hands with them means these weak players
are shaken out and surrender there shares before the next leg to higher levels.
Royl Market Makers are good.
No gaps to close on this entire up move.
I like the way there handling this stock.
Market Makers never take weak hands with them.
Most of today's trading has been in new high ground.
This is crazy a new yearly high made in the after hours market.
3 yearly highs made in a row.
What does that mean?
Where's the news?
Do your own DD.
Royal might be done in the $3 level no more $3.99.
$3 weak hands could be a thing of the past.
Royal must get to $ 5 to attract the bigger money.
----On another Subject---
At what point do the shorts feel pain?
Royl did not trade in the 3's today..
Shorts are no longer in control.
Something has changed.
Weak hands flushed out.higher prices.
The higher Royal goes the bigger the trading candles/bars..
Reality is royl is a real company.
Please add what i missed.