The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
If there is a field development plan which has regulatory approval, resources become reserves and RBL becomes possible.
Equity funds exploration, debt funds development and oil sales fund production. Or that is how it used to be!
The party requesting the stay must specify the circumstances requiring the stay.13 Upon request, enforcement shall be stayed provisionally until the Committee makes a final ruling on such request after having given each party an opportunity to present its observations.14 Once constituted, the ad hoc Committee shall, if either party requests, issue its ruling on the continuation of the provisional stay within 30 days. If the ad hoc Committee determines not to continue the stay, the stay shall automatically be terminated.15
Tax arises in the jurisdiction it is earned. The award, if ever, will pay Italian tax. No UK EPL. Same with Falklands , low local tax there is part of the appeal of the place. Nothing in it for HMRC surely ?
"The balance of opinion appears to be that RKH WILL win a decent sum."
I am sure you are right cyan2, but having a debtor on your book and having cash on the book are two different things; the bailiff could spend forever trying to collect the award from a sovereign state in crisis, long beyond when the cash is needed for investment.
https://www.dropbox.com/s/e8bqikaf53kaxi8/Andy%20Morrison%20-%20Rockhopper.pdf?dl=0
Read it and cry. How did it go so wrong?
And you belittled Ophidian just a few minutes ago ...
"I don't take pleasure in writing this but It's my opinion that you are gloating over your predictions as investors in the company want the reverse ..... I sometimes wonder which side of the camp you on .. think I know which side at the moment ".
HullFC4ever
Part of the problem with your posts is that they appear on twitter under your alter ego "Ellerby Dave" where "Dave" is promoting what you post on here. If you are not "Dave" then tell him knock it off; if you are Dave, then pack it in
Hard to know. But it did not arrest the rise in both bid and ask, and there were a few large trades after that which suggest buy side momentum. So whatever, but I am struggling to understand how a market maker can maintain a short position in a stock (ref Ophidian 18.47) like this for many days without defaulting on his sales ledger or buying at any price ( short squeeze). The short counter party will be saying " where are my shares" Surely there are no shares out on loan for a small cap volatile stock ?