Nice list of assets you have mentioned worth just a bit more then current 27.50 share price me thinks. What we need are falling oil stock piles which will set the panick button off, and drive up the price of assets like the one's RKH hold. If stock piles keep dropping oil will go only one way and that is up!!
The assets are sealion with PMO, Isobel which could well be larger than sealion and which RKH controls plus Susan/Helen 100% RKH and looks like another 1bln bbls (given away by idiot Phipps) plus a gas field SFB That little lot could be worth several pounds per share as the oil price rises. As to this week's SP with an average of 30k and there's a 300k buy to fill at 28p the.mms have to keep the.SP down to fill the order.
I frankly cannot believe the share price did not do better today. I wish I had the money to buy all the RKH shares. Current market cap £125 million, yet RKH have approx £58 million in cash. So my purchase would cost £67 million net. For that I get assets in the Med and Eygpt, not to mention the 500 million barrels in NFB and the funding commitments from Premier. Relations improving with Argentina, oil market bottomed now recovering. The market has this ridiculously undervalued. When sentiment turns this should rise rapidly, which is why I decided to p p p p pick up a penguin and added a few shares today. It can't stay this low forever, it can't and it won't. This is the time to buy.
Yes agree with you there its a move in the right direction with the oil deal. for sure we do not want a low ball offer here for our assets the best way rkh will benefit from our assets is by bringing a partner in. That would be great if any deal involved a new partner taking the biggest percentage slice from PMO rather then cutting into our share. This would be fair considering it was PMO that signed upto to the free carry agreement.Any total sale of our assets here at this time will not be of much value to us shareholders
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.