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Up 25% from 2023. 13p is the price for this year.
Patience
OIL, I would hope not, 13p at the end of 2024 would be a terrible result.
It would mean no word on OM annulment result; no sign off by FIG on the OM deal which would surely mean the monetisation deal would fall through, plus it would mean no funding/FID on Sea Lionth is year, which would ultimately mean a slip into 2027/28 for first oil at the earliest!
So I am hoping that you are totally wrong on this one I’m afraid. Just one of those boxes getting ticked and we would be saying goodbye to 14p IMHO.
Kinds regards
LTT
LTT ; Whether FIG decide to sign off OM or not is irrelevant as from the 30.6.24 either side has the right to terminate the agreement so FIG actually have no say in the matter, although I expect the power hungry Hillbillies to sign beforehand , if only to save face but as I said, it's irrelevant what they decide to do or not to do on the matter.
As for OM, I would say 70% chance of Q4, with Oct being the favourite month, and 15% chance of before or after.
As for OILs 24 price prediction, its as valid as anyone else's at this point in time,although I do not concur with it but if it all lands in 2025, so be it, I will accept that .
Personally, I'm going with the month Sam gave me, give or take a month and I'm going with Navitas's stated timelines on FID with Funding being announced a month or so before but that's just my take and its no more right than OILs until proven otherwise.
ChessMaster,
how can FIG sign off be irrelevant? If they sign off we get 15m Euros straight away in our account and our funders and lawyers paid off. Then we have a possible further 65m Euros if the annulment goes in our favour.
If FIG don't sign off and the monetisation falls through and they walk away, we are left with the funders and lawyers wanting their cash. Even if the funders wait until we get the money from the ROI, how would we fund going after their assets? We would have further dilution and many years of courtroom dramas to deal with before seeing a penny, or in this case a Euro!
So am I missing something?
Regards
LTT
You're not missing anything LLT. FIG signing off, so OM is monetised, is easily the best outcome for Rock.
With that said, FIG not signing off by the termination option date, does not mean that either side will automatically terminate. Both sides must see the benefits in the deal otherwise they would not have agreed in the first place.
FIG are embarrassing themselves other this, but even they must see that ultimately both Rock and FIG will benefit from a more financially secure Rochhopper.
I expect Navitas to force the stubborn Hillbillies to sign OM off before the deadline as it could have a detrimental effect on the project if they continue to refuse.
As for the Tax Ammendment, I don't see the Hillbillies giving any ground on this and it may have to go to arbitration.They have refused to accept the tax ammendment for 3 years now and I don't see them accepting it anytime soon.
One thing's for sure though, FIG is most certainly not our friend & they don't appreciate that Rkh (& Premier) have already spent a Billion on the project without seeing a pennny return, the Hillbillies simply think every listed corporate entity are eternally capital rich and out to take advantage of them and pull their Hillbilly pants down so they fight tooth & nail on all & every issue as proven with OM & Tax Ammendment.
FIG runs like a church parish. Time to grow up.
Give us a royalty holiday. Waive that tax. Sign off the OM award monetisation.
Patience
Morning all
With the visits of Navitas and Sam Over the past year, do you not think that the partnership is strong? Hence, rather than being slow or Hillbilly like they are actually working together. All of the events that need to happen are independent of each other and could happen pretty much simultaneously which would be very much too our advantage, Argentina StopOil other potential opposers wouldn’t have time to react or kick up a fuss. Due to the Israeli Link now wouldn’t be the best time for this to hit headlines hopefully things calm down over there and that would be a much better time to release News.
Also wouldn’t call them hillbillies they’re supposed to be our friends
Just a thought
GLA
Boboil
Agree StillNeedOil, the tone of this thread is a bit disrespectful tbh
SNO ; I would like & hope that FIG are indeed our friends and working with, not against us but its unfortunately not the impression I'm getting.
3 years (and still not signed) to sign a very simple tax ammendment seems unfair to me & I'm it's looking like OM sign off is going yo the wire or possibly beyond.
Hopefully, they are all working togeth
Chess
What are the implications of signing it off quickly?
Wouldn’t have got their money if it was a reduced amount because we didn’t have any. Wiping it out might mean RKH Became an easy target for a takeout as they had no liabilities to them.
Maybe they’re working together in the best interest of each other
GLA
Boboil