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Hi Godders
£15000 per month and you still whinge
Get a life or don’t lie
Boboil
Thanks Latics - appreciated and accepted.
Godders,
You'll have another 2 jobs in that time
Mogger
On this occasion, I think perhaps you are correct.
Yes I would agree.
Latics,
I think that RNS is referring to someone joining the company "as a part of that individual's overall remuneration package", I don't think a person who is not employed by Rockhopper would get a remuneration package.
Anyway I feel Paul Mayland fits the bill as someone to oversee the Sea Lion development for the Navitas / Rockhopper joint venture. He has experience of five FID's from his Cairn days, including three FPSO projects, one platform and one subsea tieback.(at least that's what is says in the RNS).
So maybe on this occasion the managements decision to get someone in for OM and someone in to take us to FID makes a lot of sense, would you not agree?
Regards LTT
@LTT … maybe it’s my understanding that is awry but here the reference:
15 Jun 2022 16:45
RNS Number : 0385P
Rockhopper Exploration plc
15 June 2022
startsnip>
Other
The Company is also considering issuing share options to an experienced and successful oil and gas development project manager who would oversee the Sea Lion development for the Navitas / Rockhopper joint venture as a part of that individual's overall remuneration package. Further details will be provided in due course.
endsnip>
Navitas shares up 2 per cent in past 5 days, 40 per cent in past 6 months. No negative sentiment as a result of ME conflict it seems. Two US aircraft carriers stationed off the Israeli coast helps.
Here’s a thought 💭
Maybe Navitas could give Navitas shares or a bonus to keep their staff happy
They might also consider luncheon vouchers or Argos gift certificates
Just a thought
GLA
Boboil
LaticsRule, can you give me some example of when a company has issued shares to employees of another separate company to back up your claim, as it is quite disturbing to think RKH could give out shares willy nilly. Of course if they were non-execs coming into company I can understand the reason to give share options and the like to incentivise them, but to employees of another company who is partnering us!
Regards LTT
I’m afraid a lot of RKH management decisions don’t make sense. A lot do ….
Why would RKH give shares to Navitas employees to keep them, it doesn’t make sense. Navitas should be taking care of its employees if it wants to get to FID and beyond, not RKH.
LTT
Not quite sure that NO progress has been made towards FID. The Team that Navitas are putting together seem to have a great deal of experience and very capable. My concern would be that in order to keep those skills on board, the RKH BoD may see gifting the Navitas people free shares as a mechanism for keeping them ? Would that require an RNS I wonder ?
@CitizenTS … with respect I didn’t initiate the comments about BoDs buying shares with their own money. I was merely responding to give the opposite view. I might well have responded with a question such as: ‘Would you buy if shares were available free?’ if the ciment was posed otherwise.
Simple balance but then I’ve come to understand that some are not capable of that … ever.
I'm negative because not once in the history of time have rkh made any contractual , concrete progress towards fid and yet we have spent the best part of a decade being told it's just a few years off. The board say 2024 yet there's 430.or so days until that deadline elapses. Yes there's a monumental amount of work to be done to achieve FId but for not one element of it to be confirmed as done yet says it all.
Ye but Latics you always say sh*t like that; at least other posters on here provide a bit of balance to partly offset your bias that dominates the board these days.
@covgaz .. well I guess he could be of the opinion WHY should I bother buying them when my control of the Company is such that I can just wait for the next AGM and award ourselves some more cheap shares.
But then again I don’t suppose it would occur to Sam to buy some with his own funds in order to demonstrate how confident he is of RKH / Navitas success … far too obvious.
Personally I am quite reassured that Sam moody has not bought in the open market , if he ever does I will be concerned. He is consistent in his actions re share purchases.
Pathetic , get your own mind.
Sea Lion is Sam's life's work. Before he hangs up his boots, he will want to tell his family that he has delivered oil for the UK from the Falklands.
Great posts latics. The notion that we should just 'believe' when all around clearly don't is farcical . Why should we believe??? Just why
When Navitas announces anything, they really mean it.
Let’s wait until the Navitas results come out. Until then the Market does not attribute significant value to either their efforts or the size (growing) of the award. How do you explain that ?
Contrary to your mistaken belief I don’t spend my whole life criticising Sam. He done a great job of feathering his own and other BoD nests.
As to there being quite a bit of positive information out there, you may well be right but again my point is that this is also available to the Market as well and it’s counts for very little.
All I am doing is to counteract the endless propaganda that comes onto this forum swamping all other views.
@ovets … point taken.
Agreed, I didn’t think.
My sincere apologies and belated condolences.
"Agreed there is a dearth of information" - Nothing worth talking about until the $ are available from Navitas, all else is hot air. Sam isn't giving us much information because there is nothing to give. Although, if the BOD thought the $ were imminently on their way, they would surely have been buying in to this? When was the last director buy of any note ?
Thanks Latics for a full reply.
Maybe you should think a bit more before making some of your postings (e.g.: 'Bet your Mother loves you though'), as she recently died.
Agreed there is a dearth of information, but I'd rather that than the drip-drip-drip of info, from Tony Durrant, none of which came to fruition.
When Navitas announces anything, they really mean it.
And in any case, instead of spending your whole life on this BB insulting Sam (who I believe is doing OK at the moment) and us, if you spent a bit more researching (as Mogger and others do), you'll find that there's quite a bit of positive information out there, if you're prepared to make an effort, but I suppose it's easier and more fun, being negative here?
@Ovets - let me deal with your comments as they appear. Yes I agree we're all supposed to want the same outcome but a number of us are just so frustrated with RKH lack of information and now it seems: Navitas; and their rate of progress.
You posted that you agree with CTS about Navitas probably waiting until after the Argentine election, which is only a week away, but NOT 'two or three weeks'.
In fact what CTS actually posted was : ‘let's wait till a coupl'a weeks after Argentina election’.
‘If you can't wait less than a week, there's something wrong with you.’ See above.
‘I reckon Navitas will only announce something worthwhile when they're good and ready and not before. ‘
… You may well be right that they, like RKH, refuse to micro-manage the Project but It may also mean NO Progress has been made. I actually think that progress IS being made but my point is: we just aren’t being told.
‘In the mean time, do you have any reason to believe Italy will meet any of the very stringent reasons for an annulment? ‘
None at all except my understanding, gained on a business visit to Italy during the UK Parlimentary expenses scandal, that many Italians believed it was a pre-requisite to be the wrong side of the law in order to qualify as a politician. Until we see the money, the market does’t believe it exists.
‘What upsets you about the astonishing magnitude of the OM award, growing by £1.25 to £1.5 / month? ‘
Absolutely nothing, wish my ISAs performed like that.
‘What have you heard that indicates Navitas, FIG, or anyone else involved is starting to get cold feet about the SL project? ‘
Again nothing at all except the lack of information.
‘You just seem to enjoy being negative for the fun of it, which is really strange now that you have admitted to taking up your warrants. Doesn't make sense.’
Again, it doesn’t make sense to you because you are unwilling to accept any other possibilities. I don’t post to be negative but to illustrate the poor information flow.