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Mirasol, RKH will simply "sell" any ward. I doubt they will go to the courts to seize assets.
January is going to be very, very interesting.
Can people please stop saying how much we will win. We are simply reclaiming our lost profit/expenditure from agreed investment rules.
Navitas have agreed H.O.T with RKH and people believe that Navitas envisage Sealion is going to be run by fairies. Get real. Of course Navitas have a plan ahead.
Yeah sure I can just envisage it. UK goverment says no to Israel involvement.
If the goverment cared about energy security they would have backed the UKEF support for the Falklands. You are scaremongering for no apparent reason.
RKH's north FI licenses are in shallow waters.
oiluser, I'm trying to factor in worst case scenario.
Yes Silverfoil, 45k start up production only. Plenty of option after. $100m pre-tax profit will still see £1/share.
Silverfoil13, A reduced Sealion field will only produce approx ~45,000bbls day / 16mbbls year. RKH's 35% share would equate to 5mbbls /year.
Sealion was optimized to be profitable at $45 but because that will probably increase to $50-$55 on a smaller project. Realistically will be looking at a pre tax profit of ~ $100m @ $75oil
IMO
This is the key line for me. It clearlydemonstrates Italy wants gas security for their citizens but at the same time wants to block oil and gas production in their country.
"It is good that the EU Commission has included the latest generation of safe and clean gas and nuclear in the taxonomy.
I really fail to see how a judge can now rule against RKH.
Hypocrisy at best?
https://www.express.co.uk/news/world/1533382/france-news-italy-eu-nuclear-power-victory
Rome further welcomed the news with Vannia Gava, a deputy of the Lega political party and Undersecretary at the Ministry of Ecological Transition, tweeting: "It is good that the EU Commission has included the latest generation of safe and clean gas and nuclear in the taxonomy.
"We need stable sources, which will protect our country from the unjustified price fluctuations that are sending businesses and citizens into crisis."
https://www.marketwatch.com/story/amazon-gets-1-28-bln-antitrust-fine-in-italy-update-271639044247
Amazon fined $1.28 billion by Italy’s antitrust regulators
Hopefully the next RNS will set out a future without PMO/HBR tied around our necks. A huge oil field to do so as we please.
I'm going to laugh so much when those who sold out have to buy in at a higher price on news.
It will be paid for by Italian assets.
Stereax facility open and no news on orders or licences. You want to kmow why?
If Ilika were on Dragons Den I imagine they would get scolded because of the price valuation.