Member Info for CitizenTS

naaaa, nice try.
You'd be out at 29p if it got there before funding anyway carrot.
You might have to sit through 'squeaky bum' time on funding etc
Good chance you'll be better off for doing so I'd say.

But what are the non-execs doing on this? Are they 'get-atable'?
On to it carrot!

And on Durnford Manor, that's wrong, the company doesn't have a charge on Durnford Manor.
Durnford Manor is the address given for the Earl of Chichester who just has a charge on a rental deposit given by Rockhopper presumably to rent the property in Devizes Wilts which is a corporate address. They obviously have not actually paid the deposit to the landlord (unlike residential tenants).
Just sh*t stirring carrot?

Actually looking at the doc, it's very standard stuff. It's there to protect FIG's eventual right to the tax on the farm-out payment that they've agreed to defer till oil revenues come in. Looks designed to ensure that in an actual liquidation rights to the licenses wouldn't end up in the hands of some random creditor and would go back to FIG.
Actually could be helpful to RKH as means PMO can't get licenses by pressuring RKH.

That, I have to say, sounds like a question worth an answer

The thing is the cash position. They're ok for now and won't do anything till funding decision, but if funding sorted, OM goes against them, sanction in view but a few months out and cash burning at ramped up rate, there might be a 1for1 at 10p. For me, I'd pay up in that scenario to avoid dilution.

My own interpretation of the if "well received" then etc in the RNS was not as any hesitancy about prospects at all. I saw it as a flag that a wait for the result should be treated as positive. It's early news that we wouldn't want!

Who knows but in principle it's about backing the UK oil services industry. And whatever you would prefer to happen I reckon BoJo should be good for that.

Yes carrot: your short on this, on the basis of some mix of hard Brexit and that UK will abandon it's oil services industry/eco-politics and other remote possibilities always risked looking very brave come the day.

I guess your recent comments were for public consumption only!

https://www.theguardian.com/politics/2019/jul/31/brexit-mess-with-good-friday-and-well-block-uk-trade-deal-us-politicians-warn

Carrot: please explain if you can

Carrot: are you perhaps writing in Cyrillic script?

'a lot less of the NPV of phase 1' - that means a lot less after the 9 figure entry cost, if you allocate it all to phase 1

Much: I think the 130k production will arrive a lot sooner than you suggest.
Premier have stated very plainly that plan A is to bring in another partner after funding sorted. But the partner doesn't come in and get a share of the profit for nothing! In addition to bearing their share of costs it would, in that scenario, cost a 9 figure sum. If they end up with, say, a 25% share then it would be a lot less of the NPV of phase 1. Plus, crucially, they'd have a share of phase 2 and 3.
What would the 'difference'/cash be used for?
Not so speculative, I'd say, to suggest the cash would be used to fund PMO's and RKH's costs to accelerate phase 2 and phase 3 so they run in parallel to developing phase 1, ie bring them forward two or three years.
A new partner would likely insist on that. It's phase 2 and 3 that are really the incentive for a new partner.
Bringing forward the numbers would mostly offset any reduction in our share of the project. and also means we (and of course PMO) actually get free cash flow from phase 1!
The stars may yet align on this one.

Carrot is just ridiculous.

Have commented before but Rkh doesn't react well to no-deal Brexit stuff and we've seen a bit of that today. If we're negotiating a trade deal with Mercosur etc then UKEF may be less likely to favour us.
Looking beyond today, no-deal is fortunately an unlikely outcome.
Remainers and, oddly enough, Corbyn are definitely our friends on this one. Corbyn's plan A is to get a customs union which would be wonderful for us as we'd benefit from the EU's recently agreed Mercosur trade deal. A people's Vote may see him campaign for either a customs union or remain, either of which is great for us. Actually the best scenario for splitting the Farage vote is Corbyn on the campaign trail. Delighted of course for him to do the heavy lifting for us!
A general election? Who knows what the result would be. But Lib Dems end up as kingmakers. Also fine by me.
We have political risk, and we've seen that today. But a no-deal outcome is the least likely outcome.
If carrot and crew weren't so emotionally up their own *rses on this one they'd close their (declared) shorts fairly soon.

Pumstock: yes, absolutely agree.

Yeh yeh

'out' as in short

Carrot, Ollie - what you might have thought was a position with a rationale is now just a bet with a possibility of upside based on eco politics.
Sounds like you're out at 22.5 net and contemplating the downside.
Desperate times eh!

Award has status of final judgement in any members' courts.
If successful then it's straight to enforcement.
Though won't be able to take possession of ambassadors' residencies.
See https://icsid.worldbank.org/en/Pages/process/Recognition-and-Enforcement-Convention-Arbitration.aspx