Member Info for Daikihaku1

Thanks a lot Godders for your thoughts on this. No one can say you didn’t warn us again and again and again! Those of us who haven’t followed your advise will just have to learn the hard way won’t we. You can take a break now as you’ve clearly gone above and beyond to help us and all you usually get in return is abuse. For those of us who haven’t listened up to this point I’m afraid ITS JUST NEVER GOING TO HAPPEN! Give it a rest, take a well deserved break!

Farks sake it’s Tuesday already… time flies when you are a Rockhopper shareholder

I’ve followed bulletin boards pretty much daily since i first invested in this Company in 2010. Every year without fail there is speculation and hope of some news at the AGM… there never has been- ever! There has been interesting posts from holder who attended, but that has been more towards whether the board seemed upbeat etc. Never anything concrete. So personally I find yesterday’s weather forecast just as exiting as the AGM, what time it is and where it is held. My guess is they will repeat what a world class asset we have, have they are optimistic about getting to first oil and congratulate themselves on all the progress they’ve made… thankfully our progress from here on totally relies on other parties, which is the only reason I think we might stand a chance of some success…
Sorry, had to get that off my chest… have a good Monday everyone

I dont Think that it would be deemed a crucial piece of information to be informed WHEN we will know the outcome… why do you think so?

I guess it makes sense not to disclose too much while (supposedly) negotiating with FIG about lowering royalty. I think FIG is forced to give some concessions here if they want to hope of A Falkland oil industry alive, and in return they could (and should) make HBR commit to a firm project timeline.

Another small hope for a little news of progress bites the dust… Being a holder here makes you feel like Sisyphus doesn’t it?

I know it makes zero difference, but I made me feel a little better...

Dear Keith/Jan
As a shareholder of Rockhopper since pre-discovery, I find your reply rather condescending. It seems peculiar to me to be told we have “fallen well short” but left without any concrete numbers. Why is this?

After witnessing 10 years of mismanagement, neglect, hundreds of millions of dollar squandered and the value of our shares decimated, you’ll forgive me for not trusting that the Board knows or cares what is in the best interest of me As a shareholder. Up until now, the Board have shown nothing but contempt for their shareholders and only served their own interests... and very generously so!

Also, your spiteful dig at the “early movers” of this initiative shows your disdain for your shareholders and is incredibly petty. It was the kind of response we have come to expect from our Board!

It is really a shame that a company with this much potential has ended up in this position where our survival as a company is completely at the mercy of a partners decision on Sealion and an uncertain lawsuit. All while the Board year after year has been paying themselves excessive salaries, share awards and bonuses for substandard performances and zero results that has increased the value of my investment. Absolutely disgraceful!

I will remain invested and see this to the end as i have written this “Investment” off, but it is in spite of the current Board/management and certainly not because of it.

Regards

Just breached 70$. To an untrained eye, this appears to be an important level to breach. The trend line from July 2008 when Brent topped at 140$ to today shows repeated attempts and rejection. Any chartist who could confirm/dismiss this? I saw a recent GS forecast that they expect crude to go to mid-80ies (from memory) this year. If that came to pass, that can’t hurt our arbitration case (assuming a favourable outcome ofcourse).

He dont need to when he can issue new ones and award them to himself. It seems only fair, as all the millions of previous shares he has awarded himself has been steadily dropping in price over the years. One can only imagine how very disheartening that would feel if he couldn’t compensate himself with more shares to make up for the loss!
You are a legend Sam! Those you hold dear must be really proud of you..

Inchingcloser, you are aware that the “award” is not actually an award right? For god-know-what-reason the ICSID have decided to call their “decision” an “award”, irrespective of an actual outcome in our favour. As if one needed more reasons to be suspicious of lawyers

“ Shocked that this RNS has lifted the share price but will take it”

People relieved that the RNS button still works?

Ohaire
This is where I look for updates
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/17/14

As a rkh shareholder it is easy to forget that missed deadlines, frustrations and delays usually is the exception rather than the norm in most other businesses or institutions.
So unless ICSID is headed by Sam’s cousin, I can only imagine that the lack of update is due to negotiations of a settlement? What other reason could there be? Maybe Sam dropped the case and forgot to tell us... he have a habit of giving everything else away after all

Thanks Rpoodle, best of luck to you. Hope you will keep popping in here from time to time and that said changes do take place soon. Somehow this whole saga deserves a better conclusion than a bankruptcy of the company that made the initial discovery followed by decades of headlines of follow on discoveries by big oil. Imagine the place in the history books that would earn Sam Moody...

Erm, that would be a no. My point stands though, they will have made plans which does not depend on the uncertain future of their partner (whether is direct or indirect partnership)

I don’t see it, HE have partnered up because they have a plan, and that is definitely based on more than a hope for their partner go bankrupt. It’s odds on that we win an OM award and then depending on the size we will be able survive for a while longer until Sam have squandered that too or awarded it all to himself

Fuddstone, respectfully I have to disagree. I would suggest that an enterprise like Harbour won’t be basing their business strategy upon “waiting out” a partner to go to the wall. In all likelihood FIG would extent the license once more and RKH may or may not win an OM award which could push back the execution of this plan for a few years. Would Harbour prey on a vulnerable partner if the opportunity present itself? Possible (even likely). Will they base their business plans on it? Absolutely not IMO
If they want rkh out of the way an all share offer or even an outright buyout is more likely

Rpoodle, I’ve got to say that it saddens me to see that you have finally given up. You have been the voice of reason here for so long and your ability to keep track of past events, chase management for answers, see through all the clutter while sharing your balanced views is really appreciated by myself and I am sure many others. I assume you’ve sold out, but the fact that you still post occasionally tells me that while you may have given up on the investment case of rkh with current leadership, you haven’t given up on the asset?. May I ask what it would take for you to see rkh as an viable investment once again?
Thank you
D

“ The drama will carry on for years to come. ALL IMHO-DYOR”

Thankfully you and all your aliases will still be here to entertain us!!

Bloobird, fair point but i imagine the JP chaps will have factored this in to a degree and secondly every time there is a crisis with a subsequent overreaction at either end of the business cycle spectrum the overwhelming sentiment is always “this time it is different”. Indeed the world is changing rapidly and one can’t help being in awe of human ingenuity, but oil will be needed for decades to come