Member Info for cubane1

Could someone clarify what the cost per barrel when producing is. I thought the $40 per barrel included CAPEX over lifetime
Cubane

Sorry, should have added: Undisclosed under next financial statement, and amount would be mixed in with other assets
At least by then the delay may reduce publicity
Cubane

Any OOC settlement must be prior transfer of all funds and expenses in full to our lawyers, free of Italian and EU taxes.
I like the idea of the Italian government, or ENI via govt, 'purchasing' RKH Italia in full including undislosed settlement, undisclosed costs, OM, Monte, Civita etc, this may avoid the full glare of publicity a straight settlement would ncur
Cubane

I suspect most of us would be surprised if it shot to 20p on this 'news', there is little there not already 'suspected'.
It adds an extra level of 'certainty and market will like that', and the market must now factor in a 'non-trivial' chance of Sea lion going ahead now.
We are grossly undervalued if Sea lion actually goes ahead.
I worry because at the moment we have 100% SL, and seem to get very little for 65% except someone raising money on our behalf to develop it. A bit of cash up front would have been much nice (and shown real commitment)r. Once again we will pay for another round of FEED etc (hopefully much abbreviated I hope).
If Navitas pull out in a year what have we gained?
However, glass 2/3 full as usual.
Cubane

Let's try to be positive, and hope that never again anyone will be able to buy 10,000 shares at 9p
Cubane

There may or may not be an RNS tomorrow morning, but from the previous RNS, there is no absolutely need for one, so please do not rely on one, or be surprised if there is not.
Indeed, no news is good news. If Navitas not interested, they would already have walked. Something is going on in the background additional to RKH and Navitas, that may not be ready yet.
I, like most on here, have endured and endured delays and delays and delays, but we still have not had BAD news. The time will never be more opportune for really good news.
Cubane

Weird. 2.6% of the company with no balancing purchase (unless hidden over a long time)
Perhaps some fund had losses (Russia?) and had to balance for the quarter.
Odd time with news expected, and a more positive environment than a month ago
Cubane

PLEASE STOP THIS
I DON'T CARE, except for having to wade thruogh dozens of meaningleposts
Thanks
Cubane

If memory serves, Anadarko were about to sign up when news was released by a British newspaper, and the Argentinia loving Hilary Clinton leaned on Anadarko to pull out
Cubane

Presumably if HBR hang on to a few per cent, the personnel involved in FEED etc may still be accessible
Cubane

As for filling up the airwaves, my grandfather used to say empty tins make the most noise
Cubane

Presumably each arbiter is arbitrating on a number of cases simultaneously. Does anyone know? Would the three meet to discuss a single case once a month?
Also presumably their decision has to be rubber stamped by some council? and every word made error free and annulment free?
Cubane

I am very reluctant to read anything into recent trading, but will comment this last six trading days have been odd.
Last Friday, after a miserable day, low volume etc, all the low price sells with no buying was mopped up late in the day by a 400k buy. That size should be a fund, unless Godders was topping up (sorry I normally avoid mentioning individuals). Same again on Monday with a 333k delayed late buy, again not 'Ordinary'.
All this week it seems a patient mopping up of low volume 'forced or those fed up of waiting' sellers during the day, with a buyer waiting in the wings to mop them up.
The nature of these does suggest to me some fund activity, which is at least a pleasant and perhaps hopeful change. They know an awful lot more than I can presume or guess.
Living in hope, but thoroughly fed up
Cubane

Ovets, Don't worry, there is NO FEAR that the battered, bruised but hardened and toughened RKH LTH will sell up on such a post.
Cubane

Delisting?
Not exactly a rush to the exit this morning
Cubane

There have been a number if 1/4 million buys over the last week or two, perhaps someone is slowly building a position. Anyway, to be in RKH you need to live in hope.
I suspect the arbitration judges and their secretariat are taking a (hard earned????) rather long break over Xmas, but Navitas will be hard at it every day. When I visited Israel many years ago it was a 'get it done' society.
Best wishes to all LTH for the new year
Cubane

I am rather hoping for a very generous out of court settlement, to avoid the ruling about supremacy over the ECJ to be formalised. Presumably why the formalities have not been issued diretly by ICSID yet. This would have to happen very quickly, and could even be at or above the expected quantum, to avoid the consequences to the EU of this ruling.
Also, I understand the CNE case was on a treaty between UK and India, not ECJ. Alitalia went 'bust' awhile ago, the replacement is privately owned, not State of Italy?? However, I'm sure our lawyers have identified assets.
Cubane

Dear Long Term Sufferers
Something has happened. I appreciate Navitas could pull out next week without loss except to their reputation. However, whilst beforehand their was no hope except OM, now THEIR IS NOW HOPE. That is significant, and will pull in a lot of new investors. Hope is the most important thing for a share.
I also like a slow steady increase, it lets the profit takers take their 20%, for which I do not blame them, but gives LTH more solid ground for continued steady increase.
Glass more than 3/4 full.
Cubane

looks like a 500k buy at 5p, with three large 100k sells at 4.8 shortly afterwards, despibeing shown as buys. At least some activity, sometimes it appears moribund.
Cubane

Thanks Buzz,a good read. I am far more scared of energy prices over the next few years than COVID. The government should be scared as well.
Godders: I am tired of reading your posts. You either have alterior motives, should sell up or put the shares away and come back in a few months for your own sanity.
Cubane