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do I hear any retractions from Cyanski and the trolls chorus on the RKH costs announcement? Ok we'd all have liked a 40% cut instead of 20% but the 'alignment' disincentivises dilution etc.
Non execs almost doing their job do I hear?
Think they're left with Cynaski's self-simulated desires for a $55 oil price!
None 'o their sh*te was of ant consequence anyway.
For me, I'm waiting to see PNO sort their North Sea deal over the summer

Then we'll see. Still in the game and all to at for.
Cheers all

As it's always been, the stock is a binary play, SL gets done, or not. Let's see what happens with oil where it is, re-engaging with FIG, most costs likely lower than budget. Rkh cost reductions, not assumed in earlier Edison report, should give us more time anyway.
And now, despite a $40 'breakeven' which includes a very hefty return on equity and for which virtually component has some scope to come down, Cyanski suddenly pulls out a $55 oil price (dredged up from the (deeply) historic past, these guys specialise in that) as a level he wants before he does or doesn't want the project to go ahead.
More pertinent, and current, would be the position on PMO's re it's North Sea asset acquisition and associated financing. Rkh have said this needs to be sorted before any progress.
And oh, anyone noticed the oil price recently?

Cyanski, you doubt we'll get an award?
I'm still only interested in this if SL comes in.
Not sure what your interest is from what you say.

Worth completing the picture just in case anyone's reading eh? .. .
Cyanski, perhaps you've noticed, but the abandonment costs you're talking about are in ITALY. Or maybe whilst swirling around in disgust you missed that!
If we get any arbitration award in the ICSID case against Italy it's hard to envisage Rkh hurrying to do that work before getting paid.
End of that subject.
I've said before the arbitration award is not a particular focus for me. The impact on the share price is/would be only really small compared to SL getting done, phase 2 in prospect (worth more than phase 1) and phase 3 becoming worth a shot. If the $40 'breakeven' price comes down a bit we'd have a great chance.

As it's always been, the stock is a binary play, SL gets done, or not. Let's see what happens with oil where it is, re -engaging with FIG, most costs likely lower than budget.

Cyanski, sounds like after reciting a dollop of history and a bit of copy-paste you've got nothing further to add.
Let's see what happens with oil where it is, re -engaging with FIG, most costs likely lower than budget.

Cyanski, perhaps you've noticed, but the abandonment costs you've been talking about are in ITALY. Or maybe whilst swirling around in disgust you missed that!
If we get virtually any arbitration award it's a bit hard to envisage Rkh hurrying to do that work before getting paid.
End of that subject.
I've said before but the arbitration award is not a particular focus for me. The impact on the share price is/would be only really small compared to SL getting done, phase 2 in prospect (worth more than phase 1) and phase 3 becoming worth a shot. If the $40 'breakeven' price comes down a bit we'd have a great chance.

As it's always been, the stock is a binary play, SL gets done, or not.
and ridiculous that no comment here re oil price movement today.

PoO $33.50 overnight in Asia!

May have escaped this board's notice but LoO ended Fri in far east at $32.50

To get things back on track here, the hearing happened in 2019. What we're waiting for now is the judgement. Next step would be enforcement.
Enforcement has nothing to do with getting Italy pay. It's seizing assets in the US and selling them quickly. No hanging around.
Done and dusted in three months. Much lower cost for Italy to pay cash, but would be entitrely upto them.

fwiw I'm with you guys on the pay thing. The mom execs are are pretty negligent if they don't make something stick on this.

... and one thing to add on this, though as I've said before it's not the focus of my attention.
Let's get one thing straight, $20 million has never been an estimate of a likely award despite some people on retailing it innocent readers as if it was one.
$20 million is from an Edison report in which, for whatever reasons, they do not engage with any process of assessing losses in the way the arbitration forum does. They just don't do that.

It's a 'placeholder' number that is calculated as 50% of what RKH paid for the relevant assets. That's it.

All, and I do mean all, actual estimates that I have seen of an arbitration award outcome to rkh are very substantially north of that.

Using the word 'suspended' in the Pmo RNS was a bit brutal compared to alternatives such as 'delayed' or 'paused'. But if you are indeed stopping expenditure other than government, commercial and financial, and you're obviously re-engaging with FIG as part of the 'government' bit then, if I think for moment about it, I'd do the same. Use a brutal word.
Point is that if the breakeven price before FIG royalties is, say $30 per barrell, there is really is no point at all in FI charging royalties on any oil price south of that level plus, say 10-20%.
The economic reality is that royalties only ever are paid out of the price in excess of that $30+ level anyway. There is just nothing else there to them with!
The only difference that happens when the royalty agreement is cast in terms of the total price is that FIG deprives FI of any benefit at all from the infrastructure spend and continuing jobs/salaries/spending that goes with development. And actually that's 100% of what they ever would get in the way years anyway!
So yes 'suspended' is a good word to out down in front of talking to FIG.

You make it loads of fun on here ranting ralphski but, unlike the ranting your profile, Godawfulsky and certain other profiles I have a real day job to catch up on today.

ranting ralphski, you don't hold any of these
Just a troll on the St Petersburg troll farm

ralphski, ranting ralphski, you a bit sensitive about the banning after Gozziesky eh?

It does have to be said that ranting ralphski and Godawfulsky have absolutely excelled themselves today with the amount of contradictions and giveaways they have unbelievably managed to cram in to a single day of madness.
It is unlikely to be bettered. Really.
I think I'll treasure the memory!

Goddersky, no your not, your a clueless scribbler in an amoral deception.
The trouble with having different people in the seat is you end up with a bish bash profile saying it has 2 million shares that it now would have us believe were bought on a middle manager's 'looser' salary in a company it wants to go bust!
If I were you I'd bin the profile. It's gotten ridiculous, let's face it.
If it weren't an invented backstory you would've topped yourself by now!

hey ranting ralphski, when you say 'pretty clear' there's a note of doubt in there that maybe, just maybe, you've been deluded all this time and should leave the job at the troll farm.
Do it ralphski, leave the job

Goddersky, ranting ralphski don't hold a share in this between the two of you.
Paid for scribblers from the St Petersburg troll farm
Ridiculous set of malign suggestions you've managed to make on here all in one day.

I knew it, we're getting ever closer to an appeal for sympathy from ralphski, one of our resident trolls chorus