Member Info for buzzthomas

Mogger, Do you want to really help all of us out now, and via your Search resources find some new Accounts that can write a check for a few hundred million dollars within 6-12 months time? For a good quality, big size oilfield that is fully appraised, engineered and oven-ready.
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Glenrothes1969 maybe you should undertake thissearch if you really believe RKH directors are useless.

HappyInvestor100, I totally agree that icsid are trying to wriggle out of their obligations to international law. It's a disgrace.

I thought the icsid already ruled onthis and threw out Italy's argument in 2019 ???

If RKH lose this arbitration case the whole energy market will crash the world economy through lack of oil/gas investment with 10 years. (todays sky high prices are a warning shot) BE WARNED !!!

No need to pay Italy gas liabilties if energy investment law is torn up.

When RULE OF LAW collapses society falls into anarchy.

In late September 2021, Italy made a request, and the Tribunal agreed, to admit a recent European Court of Justice judgment related to inter-EU Energy Charter Treaty disputes. The Tribunal has requested Rockhopper's legal advisers to respond to the European Court of Justice judgment by 6 October 2021.

I'm speechless.

HBR **** poor hedging and 15% field depletion rate. Nothing exciting on the horizon and will soon have to do another merger or similar. IMO

PMO/HBR have no liability to RKH as the project was always subject to a FID.

If Navitas and RKH go it alone will there need to be a new FEED undertaken?

Only reason HBR merged with PMO is for directors to monetise their holding. IMO

Ditching Sealion has just made a huge hole in HBR reserves. HBR removed reserves from their presentation. Very embarrassing

HBR now trading at a froathy PE 20. ?

icsid & Navitas

Rockhopper will now work with Harbour and the Falkland Islands Government to ensure an orderly exit by Harbour from the Falkland Islands.

A further update will be provided in due course.

I think it was pretty obvioud HBR were not interested in Sealion. HBR oil/gas production results announced today are damn poor. HBR have bigger problems. Hopefully now Navitas and another (Cairn?) along with the FIG can get Sealion up and running.

FIG will have no choice but to offer better terms to RKH and Navitas. Could be excellent news.

Buzz: you keep on posting these valuations. RKH Mcap right NOW is £36MILLION. Why do you think it is a tiny fraction of the valuations of similar sized fields you quote????
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Obviously because Sealion is still a long bet.

Royal Dutch Shell Sells Permian Basin Oil Holdings for $9.5 Billion

The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.

Shell’s Permian business includes ownership in approximately 225k net acres with current production of around 175 thousand barrels equivalent per day. This transaction constitutes a Class 2 transaction for RDS plc under the UK Listing Rules. The gross assets that are subject of this transaction amounted to $10.5 billion December 31, 2020.