Member Info for BuildersBum3

Grimhumper?

Grimhump?

I plan to go the agm again so may see sime of you there, but if not, or I forget to ask.. can someone please ask the board-

" Does the company see having only 1 institutional investor with a disclosed holding of over 3% (addios @ circa 8%) as a benefit or a hindrance to the company and or it's share price moving forwards into the development period and first oil? And why?

God knows what the answer would be, but could lead to a follow on question depending on their answer which might get us a better insight into the boards preference and thus mindset with regards to future corporate actions / takeover approaches / fundraising etc... or indeed just highlight that their website needs updating if they mention there is more than 1.😂

BB3... counting down the days to retirement.

If FID was within 3 months, a farm out of 5%, and a flow test on isobel within 12.... i would happily vote for Sam to get a pay rise 👍

LTT,

I have said, and still believe, a release of 5% interest in the NFB licence would be beneficial to RKH in terms of a SP re-rate, lowering the upfront cash need at the same time as providing enough funds (or better still a free carry which isn't taxed) to poke a few holes in, and flow, Isobel pre Sealion development drilling. IMO it is the best way forward rather than sit on hands for a few years until production and then take a look at the next next big thing.

As for Boarders, I don't see it myself as there is just far too much to get on with in the NFB and no need for the distraction.

I could however see a separate farm In to the SFB which included RKH & Boarders acreage which also included Navitas as small equity passenger, but I think a separate operator would be a far better fit.. Maybe a midcap that wants to take a small stake in the NFB also?

Either way, If we can get FID within 5 months, and a plan to stick a flow test on Isobel within 10, then I will be ecstatic.

£2+ takeover will then be in reach by this time next year!

BB3

Oak research nite... Not the whole thing, but it's all I could find.

https://zakstraderscafe.com/wp-content/uploads/2025/05/PLSROAK.jpg

BB3

Not long to go now 😄😁😃

Ovets.. would you not suppose that the costs of recovery would constitute legal costs and thus have a baring on how much RKH could get in tranch 3 with 20% being paid out to RKH after 200% of costs being covered?..

So I do think it's relavant, but likely so far into the future and likely being such a small sum it is somewhat irrelevant..

For avoidance of doubt, I also agree RKH will be bought out before receiving any tranch 3 monies. Lol

BB3

Legal fees on chasing Italy through the courts to recover the money via confiscation of assets etc could be significant, depending on how difficult Italy want to be.

If they settle up quickly then tranche 3 could have some good upside for RKH, however if its dragged out then yes there may be more interest but likely much more costs involved for the buyer of the award.

So my take on tranche 3 is "how long is a piece of string".

BB3

As far as I know, if you hold a single share and have proof as being on the register of shareholders (Certificated shares) or have a letter from your broker confirming they hold on you behalf via nominee, then I think you have a right to attend... that said I don't go to many agm's but it would only seen right if you are a shareholders to be able to attend.

BB3

I also plan to go.. will be my 4th, but haven't been for the last 5 years. Feels like I need to attend this one though.

Bb3

Rockhopper 1 month ago 3 months ago 6 months ago 1 year ago

£1,356.10 35.61% £1,467.02 46.70% £4,058.39 305.84% £4,326.85 332.68%

Borders & Sth. 1 month ago 3 months ago 6 months ago 1 year ago

£1,351.06 35.11% £1,233.01 23.30% £3,757.40 275.74% £2,480.47 148.05%

Rookie

The difference is, RKH are rising for a reason and most likely won't fall back much, so no need to guess the spike price to sell, as if you miss your window it will surely come again in a few days/weeks and at worst months. BOR on the other hand may drop and never come back.

The risks are entirely different, and in my opinion the one with massively less risk is a far better option than one which might beat it in % terms but likely for a short window and then crash.

Good luck with it, it's not for me.

BB3

Damn predictive text... 'an early mobilised rig'..😮‍💨

LTT.. and early mobilised right is more likely than a second rig, but I do like the strategy of a second rig as it has much more risk mitigation.. I.e. any problems with the production wells and the appraisal/exploration rig can continue the production programme so as not to delay first oil.. it would also have the advantage of being able to speed up the full production drilling cycle if gaps between appraisals are needed.

Both of these possibilities though I think would only become viable with a third partner joining the licence, otherwise it would be far to cash hungry and risky for NAV to go it alone.

BB3

Chess followers 😂😂🤣 you have 5 posts 🤣🤣😂

I'm sure your followers will move the price down for you to re-enter at a lower price.. Good luck with that.

Clown.

They have been all over it since December.. or does the chart deceive?

BB3

'Additional oil and gas projects'... would this be a reference to exploration? as the partnership can already undertake new ventures, such as when they joined RKH, if it meets their criteria (defined extraction projects needing funding). What they don't have approval for as far as I understand it is exploration.

Just a guess.

BB3

FWIW Bootle, I think you will see £1.70 pre first oil, and I would be shocked if there was an offer for RKH lower than that.. I for one wouldn't be voting for it if it were less than £1.70.

I see RKH looking to do their own CPR in order to apply for RBL to be able to partake in exploration of Isobel rather than ward off predatory bids.

IMHO they can do nothing to ward off predatory bids other than show shareholders that under their stewardship RKH shareholders will be better rewarded than the approach, so the jam tomorrow needs to be very convincing otherwise the offers received will look too inviting to the likes of us. Personally, I would love to see further exploration at the earliest opportunity for me not to be swayed by a nice TO offer.

BB3

Also worth noting is that Jet1 and or Jet2 will be turned into producers, dramatically lowering the cost and timeframe to get to production.

Bb3