Member Info for AlmaCogan

Finley

The breadth and depth of your precise analysis of RKH, GKP and the the oil and gas sector in general suggests you work for a major investment company such as Blackrock or Berkshire Hathaway. Can you give us mugs a few tips as where we might invest our spare cash for a return which exceeds the BoE base rate?

Performance since Inception -14.58 %

Nothing to tell Aunt Vera about. Sorry Vera.

Finley is wrong about Anadarko history. On 3 Feb 2012 at 14.56,a text conversation between a poster in the Casino at Biarritz, and a poster in London, took place. These two posters identified the tail code of a private jet parked at Mount Pleasant in Falklands as belonging to Anadarko Aviation Services, which was co-domiciled with the oil company of the same name in Houston. Clearly the Texans were in town and talking shop.

The London poster had the then Sun reporter, Steve Hawkes, on speed dial and he tipped Hawkes off. It seemed to confirm the rumoured story of 23 January that £1 billion was on offer for Rockhopper shares. The next day the Sun splashed it on its front pages with a picture of the boss man wearing his former US military general uniform.

Anadarko walked away shortly afterwards, and the official explanation was that the press publicity was too embarrassing.

The reality was that the US Secretary of State, Hillary Clinton, who had befriended Cristina Fernández de Kirchner, warned Anadarko to back off, so there you have it.

Sam didn’t turn the deal down.

I wouldn't have thought that the submission of an EIS was a event which merited any public announcement by the operator, never mind a minor JV partner. It's meat and two veg work for the project team, as part of the project plan. Approval of the EIS might be newsworthy but that was never expected in 1Q24

"Ridldle me this…. If I hold over 0.25% of RKH shares then why is my name not on the list/site?"

If you you bought them via an online Nominee such as HL, the shares are in the nominee name, as it says on the tin - nominee. The nominee appears on the share register.

If you bought them through a traditional trading broker, you would be named as the holder and reported as such on the share register.

Some folk have paper certificate shares from the 1990s and their name will be on the share register too.

"What can I do to make peace?", asks Godders..............

May I suggest you follow the example of that famous perjurer, Jonathon Aitken; accept your mistakes, retire from public life, take a vow of silence and join the priesthood as a penance.

When you are meditating in your new life, just ask yourself "why did I use a familiar version of my name on the internet and think I was anonymous"

There's even an Israeli bank in there. Knock me over with a feather!

CheekyChimp

It went through on ASQE, not LSE

Be careful folks, Godders might be Scottish and he will head on down to the sex shop in Glasgow to complain of a "hate crime " on 1st April:

https://www.heraldscotland.com/news/24181930.police-scotland-use-glasgow-sex-shop-hate-crime-reporting-centre/

Headline "Argentina raging"

Body text "Argentina voiced its concerns at the latest news regarding the port facility,"

Source " Daily Express"

Conclusion : even Garbled has more credibility.

If capital flight is likely, it's best to be on the first plane out.

By gum ain't life good in Bermuda, away from all that California nonsense? Shame about Danny and all that BOAGF stuff. Just leave that to the Paddies to sort out, eh?

Fancy another Cuba Libra?

****erel

Smart phone - useless

Tablet - tolerable

Latop/ PC -OK

Ads claim the space available, and it's a square law algorithm

Here be Sea Lions.................

Rockwash Geodata

The Old Wine Warehouse,

Ferndale Road,

Llandudno Junction,

LL31 9NT,

United Kingdom

Norseman, I think too much is being read into the "disconnectable turret" comment of the RNS . Every FPSO turret is capable of being disconnected from its risers, otherwise it could never move off station to another field and be there forever.

Some FPSOs have an emergency turret disconnect for use in typhoon, hurricane and iceberg environments, so as to move off station quickly, but none of that applies in the waters of the North Basin.

I am still going off piste and saying it's the Glas Dowr.

I am going out on a limb and saying the selected FPSO is not Munin, but Glas Dowr, because Glas Dower already has water injection , gas compression and injection & cargo temperature control. All those things that Chessman thinks need to be retrofitted at great expense and duration are already at hand on this vessel.

From BW:

GLAS DOWR FPSO The GLAS DOWR’s main functions are:

1 Receipt of fluids from subsea wells

2 Control of the subsea wells

3 Processing of the incoming fluids for separation into crude, water and gas

4 Storage of the stabilised crude oil and maintaining it at the required temperature

5 Treatment of effluent for discharge of water to the sea

6 Chemical injection

7 Provision of water injection facilities

8 Offloading of crude into “tandem moored” shuttle tankers

9 Power generation for process, gas export, offloading and utilities

10 Provide accommodation for operating and maintenance personnel

11 Gas lift and gas injection facilities. Part of the gas is used as fuel for power generation

12 Provide helideck for helicopter operations.

Mr PageofCups...BOR will need to move quickly to find something like this.

https://www.bluewater.com/wp-content/uploads/2019/06/Glas-Dowr_rev.pdf

Spacehopper, on top of that, FIG has a court order which prevents RKH distributing any reserves until the "tax" is paid or proven to not be liable for it. FIG might want assurances about where that OM monetisation might be going, before agreeing to waive the court order.

It's a tax lawyers breakfast.

The only way RKH avoided the "deemed capital gain tax" from the PMO development carry at the time of farm out was the fact that RKH didn't have enough uncommitted cash to pay it. It was deferred by mutual agreement with FIG, so as not deter future inward investment. If OM monetisation is enough to pay that tax, they might want it paid.

It still remains a mystery why that tax liability still exists when PMO and HBR reneged on the development carry. It's a tax lawyer's endless breakfast but it's still there, or so it seems.

Sam has said he doesn't think the tax is valid anymore, he might be right, but FIG has not yet agreed with him.

If you are FIG you would not want to remove that Sword of Damocles from over Moody's head, because it's a useful power.

I imagine FIH subsidiary FIC is the only company with the resources and land access to provide that amount of new accommodation in that time frame (although Garbled has a BTL property there at the back of Deano's bar, allegedly).

There are around 120 hotel rooms in Stanley at the Malvina House, Waterside, Lafrome House and Shorty's Motel, so a lot of prefabricated accommodation is needed to meet such a demand.

Every farmer around Stanley could put a static caravan or two on their land.

Otherwise the Bibby Stockholm might have to set sail!