Member Info for buzzthomas

goza172, PMO were ready for the green light to Sealion in H2 2020. The Pandemic as we all know put an end to that.

To Michael2021 and the 5 *****s that voted up his dreary post. RKH could raise $5m at a blink of an eye to keep the lights on for another year. Why raise $5m at 8p when you can raise at much higher levels when we get the deal we have been waiting an age for. Navitas and ***** and RKH will get the oil flowing in short with huge profits. AIMO

pauldrayton, sentiment can change very quickly. Oil investments are now back on the radar because of the Russia situation. A deal with Navitas will lead the way to a successful raise of $100m to fund RKH's share of Sealion. Watching and waiting.

AIMO of course

pauldrayton, sentiment can change very quickly. Oil investments are now back on the radar because of the Russia situation. A deal with Navitas will lead the way to a successful raise of $100m to fund RKH's share of Sealion. Watching and waiting.

Anybody know if RKH's gas sales in Italy are hedged or at spot?

Goders99 stop cyber bullying Sam.

a clear example of cyber bullying
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Godders isn't that what you have been doing to the Sam Moody ?

Yes Surfit, a re-rate surely if the contract signed.

The main reason RKH haven't managed to get Sealion to production is the collapse of the oil price since 2014. The oil price crash is now finished for the forseable future.

BUY. IMO

I find it inconceivable that Navitas won't sign on the dotted line.

Surely there was never a better time than now to take a punt on RKH since the company was formed.

There will be NO out of court settlement.

I think RWE's reply that is understands the importance of energy transition but does not consider it right to the non provision of compensation is totally correct. That is exactly why the ECT was set up.

BTW you can dilute those NAV cals by 20% as shareholders were diluted with 100m shares at the last placing. Another placing is also due I believe.

You can ask DM for the figures. ok

I'm going on Josh's figures:
JoshCLSE wrote
138bcf (p50) would be 4.2b profit with a $58/250 (profit/sale) per mcf.

Someone ask DM how they expect to make decent profits on their PDF plant forecast.
HE1 PDF presentation page 16 states 350,000Mcf/year from a low capex plant costing $50m.
350,000Mcf x $58 = $20.3m (~£15m) Profit/year

NAV calcs

Blah Blah Blah.

Porky, I just like to point out the pitfalls for investors. (Anyway I'm glad the results are now out)

From the RNS today

In total 14 out of 18 licences will expire be due for renewal during September and October 2022. Based on their prior experience, the directors do not foresee any issue in renewing these licences in due course.

Very close to my other calculation
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HE1 PDF page 16 states 350,000Mcf/year from a low capex plant.
350,000 x $58 =$ 20.3m (~£15m) Profit/year
He1 fairly valued today IMO