Member Info for buzzthomas

I believe ICSID resumed services on Jan 03 2022 after the Dec 24 2021 Xmas break. After the Dec 24th RKH RNS, one can only imagine the delay is due to a ICSID decision hearing which has been entered into their schedule diary. I would imagine their diary is pretty full but hopefully in the next month or so.

Is the market finally waking to the fact RKH will once again be the licence holder of 100% of Sealion 500mmbls

Share price will only start to recover when we have HOT signed and OM award $50m+ IMO

Mirasol, Harbour weren't involved before Covid.

PMO/RHK/Navitas had signed HOT and PMO were about to buy BP assets with a placing of some kind which would have given them financial muscle and then all hell broke lose with Covid which saw the oil price plummet and HBR take out PMO.

Flipper if it wasn't for covid I'm pretty sure Sealion would already have been signed off. You can listen to who you want but you can't cater for black swan events.

https://oilprice.com/Energy/Energy-General/Oil-Supply-Crunch-Could-Trigger-A-String-Of-Energy-Crises.html

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