Member Info for Daikihaku1

Nice find Nasty! Do you know when it is from? There doesn’t seem to be a timestamp on the article..

Welcome back Ohtaxes

Is someone able to brush up on the funding arrangement? My understanding is as follow :

So RKH’s share of capex up until first oil is

USD 1400 mio x 0.35= USD 490 mio

Now we are fully funded through 2 loans from Navitas.

First loan is available from 2022 until FID and carries an 8 % interest.

The other loan available to RKH is from FID to first oil at 0% interest.

Both loans to be repaid from 85% of oil revenue.

Is above correct?

If yes, I have the following questions:

1. Are we currently in debt to Navitas ?

2. Is there an estimate of the required fund 1) pre FID 2) from FID until first oil?

If anyone can shed some light on this, it would be much appreciated

There was 4 month without interest I believe

“ Ralph, the cash might be priced in but not the sentiment”

Exactly Alma, I was just typing a long winded similar reply. The closure, the cash in hand (especially if in the upper range of the full amount) rather than the future promises we have grown familiar with and yet another proof that rkh’s fortunes have turned at long last is hard to predict the short term effects of..

Thanks Mogger for your relentless pursuit in finding breadcrumbs that often gives a glimpse of what is happening behind the scene.

Could EUR 65 mio be about to land on RKH’s bankaccount…? It could certainly look that way, and if so it would be about bl00dy time too!!!

The significance of this event should not be understated! Apart from representing a theoretical 8-9% increase in the value of RKH, it goes a long way relieve Navitas of the obligation to lend us the money and saves us the interest payment of such a loan.

Let’s hope for official confirmation next week

Any chartist out there who can tell where the next level of resistance is likely to be when we get past 40?

Navitas shouldn’t struggle finding qualified workers…

https://www.reuters.com/business/energy/bp-cut-over-5-workforce-ceo-cost-cut-drive-2025-01-16/

Why don’t you pop back to the Arg board MD and convince yourself why it’s a much better investment again?

8.26 mio shares traded. Interest is slowly but surely picking up it seems

Well Bloobird, trading is always easy in hindsight, but at that time things were really looking dire for RKH and it was a total gamble if RKH could pull a rabbit out of the hat before they ran out of money. I bought my lowest lot at around 6p and I remember thinking I have already f’ed this up, so from here it’s really just go big or go home… I was fully prepared to lose it all.

The most expensive shares I bought.. well I would rather not talk about that lol

Oh and Garbled - currently by the name of MarketDealer- is posting here daily. His/her new meds seem to be working, as the numbers of posts have gone down like a Rockhopper share from 2010-2024. He is nowhere the nuisance he was back then, but rest assured that he will update you on the current share price a couple of times a day! All with the usual disclaimer IMHO DYOR as his trademark sign off

Andy,

I believe the Sharkey nonsense was Borgp22- (now BrightSpot) as you can see- I would treat his/her posts as entertainment and not read too much into it. . JPDM who posted just an hour ago- always the helpful and perfectly mannered gentleman/woman. Marlon was really in a league of his own with his vast oil exploration/geology knowledge and insights. I hope he makes a comeback and that he (along with many others) make a well deserved life changing sum of money on this finally! Rpoodle- the voice of reason- didn’t suffer fools but always spitting well documented facts whether good or bad.

JPDM- glad to hear G1 is alive and well. Tell him to get posting again pls 😊

Andy, those were the days! Who has been around long enough to remember Galileo1 on iii ??

There has been some unbelievable knowledgeable and helpful characters over the years.

My all time top 3 posters remain:

Oilbrat MarlonMonkey and Rpoodle

“ You think this is mad , wait for the full circus to arrive, hold & earn £££”

Exactly Tincan, anyone who wants a teaser of what is come, should just pull up a chart of RKH share price anno 2010. Difference is that back then it was carried by hopes and dreams (and an oil discovery), this time by the prospect of monetising said discovery that have since been appraised. I expect this to get every bit as crazy, except perhaps less volatile as this time we know what we have and with Navitas’ involvement it makes it so much harder to influence skittish retail investors.

From Google;

“a commonly used factor in the oil industry is 1 barrel of oil = 6,000 cubic feet of natural gas. Therefore, 1 TCF of natural gas would equal 170 million barrels of oil, approximately.

That implies an additional 357 mil boe…

LTT,

I agree. A partner coming in, would instantly remove all doubt about the current market value for rkh, and the share price would be priced accordingly.

Let’s say a third party buy 20% off Navitas at 3$ pr barrel.

917 x 0.20 x 3 =USD 550.2

That values RKH at USD 963 mio

983 x 0.82 =GBP 806.06 / 650.000.000 =1.24 GBP/share

That’s using a very low valuation imo, and without factoring in Isobel, OM etc…

That alone is a 3.5 X todays share price, and could literally happen any time. Not saying it will, but it is a very possible and even then it will only represent the core value of Sealion at current progress. As we approach first oil or indeed when we are pumping oil, Isobel is being drilled and appraised, the media coverage on the Falkland oil story is widespread and the investor frenzy sets in, these low valuations will be long forgotten.

99p end of year for me please

LTT, interesting thought…if Murphy or any other major US oil company decided to carry us on an appraisal drilling campaign of Isobel, that would really light a fire under this in a massive way. Probably unlikely, but should it happen I would be more than okay giving up 5% ownership, as that could double our resources even before sealion is pumping oil.

With all the noise those drilling updates would make, it could literally start a stampede that would dwarf the 2010 frenzy both in terms of oil companies looking to get in on the action and investors buying FI stocks.

Garbs

You have consistently picked the lowest market cap/least likely companies throughout the Falkland oil campaign(s). Your “investment” strategy seem to be buy the cheapest share that have an involvement in the Falkland and then pray they have a equal or greater percentage rise when another player (RKH) become successful. You have crashed and burned with each one so far and now you are picking Borders. You may get lucky one day who knows, but you know what they say about keep repeating the same mistake and expecting a different outcome right..? Borders may have its day for sure, but they won’t be drilling anytime soon.