Member Info for Daikihaku1

Yep.. its imminent no doubt

Marunam2, thanks for the link- very informative!
It states “ In the event of success, the law firm is entitled to up to 50% of proceeds”. I’ve always wondered why RKH hasn’t informed (to my knowledge) the actual percentage that Harbour would take from a successful award - that’s not trivial information to an investor weighing risk/reward- and i can’t see why this couldn’t be made public?
Should anyone have any doubt, take it from this seasoned RKH casualty; this is pretty much guaranteed to mean they will take no less than 50% of an award as Sam’s negotiation skills never fail to disappoint. Not saying the remaining 50% can’t be significant, but just trying to keep it real with regards to what amount we might end up receiving. I’m guessing there would be tax to pay on any award as well?
D

Haha indeed Rossanna- and probably the only reason most of us keep enduring this. This is no longer about making/losing money for me but merely a stubborn refusal to allow myself to fall victim to the perverse cruelty of seeing rockhopper’s value unlocked the day after I sold. At this point that would hurt way more than losing the remaining pitiful value of my shares

Rossannan in case you haven't been around long enough; imminent news is always way more likely to come out next year rather than than this year by default with anything rkh related... its just a basic law of nature that you learn to live with like the sun rising in the east and your shares being slightly cheaper than yesterday

Fecm, of course not and not at all what i was trying to suggest. Sorry If it came across as such. My laughing smileys was turned to question marks for some reason- they were supposed to give away my sarcasm. I was merely humoured by the outrageous suggestion that my investment could be devalued in the future ;-)

..and go to “people asks” “Is Rockhopper a good Investment?” This is answer you get ??:
“ If you are looking for stocks with good return, Rockhopper Exploration plc stock can be a bad, high-risk 1-year investment option. Rockhopper Exploration plc real time quote is equal to 6.840 GBX at 2020-10-08, but your current investment may be devalued in the future.”

I would say that is pretty sound advice ??????

I must say at this point, I am ready to be taken out of my misery. Give me 50p per share and I’ll feel like I won the lottery. That would be a ridiculous low valuation if RKh’s value is unlocked, but 10 years of reading this board, countless false dawns and even more bad excuses, disappointment after disappointment and a crooked-as-they-get board, I couldn’t care less at this point. This “investment” is written off and an expensive lesson learnt.
Should we get a OM payout, 50%’ish will go to arbitrator and I am willing to bet my remaining 120000 rkh shares, that the rest will end up as special bonuses, share awards and remuneration to our amazing leaders in recognition of the fantastic job they have done. I know I’ll probably hear the cries of “patience is required” and “darkest before dawn” and all the other well intended encouragement we’ve been subjected ad nauseaum, but you just reach a point of where you have no more fxxx’s to give. I won’t sell, as that would ensure that rkh was sold the following day for an absurd amount... but god almighty I am ready for this to end...!!! Sam Moody you are an epic failure mate!

I Think your pessimistic view is shared by most Ralph, if it wasn’t the share price wouldn’t be 8p. No one is buying but I imagine a lot of us long term holders who have written this off as a total loss is holding on just in case Rockhopper fail to disappoint for the first time since discovery... I consider this sunk cost and a complete write off, but keep holding until the final roll of the dice just as I would if I’d bought (way too many) tickets for the euro lottery

Good article Ovets- really enjoyed reading about how screwed the Saudis are! Couldn’t have happened to a nicer bunch. With regards to why sealion eventually must go ahead : I think most here will agree with that sentiment. Question is will it still be owned by rkh shareholders when it finally happens and if so the question begs, will it be before or after the next ice age?

Sure...news has been imminent for the past 5 years at least

I can’t say i agree with that LTT. If we were to receive a payout from Italy, I hope they’ll preserve that cash at all cost. We have seen how quickly funds dry up before and if they absolutely must continue to milk this, I would much rather they take worthless shares than cash- that way at least they have some interest aligned with ours...

OM arbitration is what made this share investable to you Much? And here was I thinking it was all the oil we own

At this time, is that Sam has more shares than me

Who else here has been around since 2010 and find it hard to comprehend that this month it is 10 years ago Ocean Guardian arrived the Falklands...?

With what...?

Couple of things stood out to me in the presentation :
"Additional standby loan at 15% pa. from Premier to Rockhopper to cover pre first oil licence fees and Capital Gains Tax"

does above not indicate that we are still on the hook for CGT payment to FIG?

"Interest free loan will be repaid from 85% of Rockhopper’s working interest share of free cash flow
• New Standby Loan available to fund production area licence fees and capital gains tax liability
• New Standby Loan (interest at 15% pa) and repayable from Rockhopper’s residual share of Phase 1
free cash flow"

the above part annoyed me tbh. Our interest free loan will be repaid from 85% of our cashflow after first oil, but a potential 15% interest loan to be repaid with only the remaining 15% cashflow. I would have thought that in a deal in which we have given an awful lot of concessions and in a very low interest world, at least RKH could have negotiated that we can pay off the interest carrying debt first...

Does that not depend On how much they Can raise? This result should make it a lot easier for them, and increase the likelihood that rkh will get the 16 mil cash and no shares. If I understand it correctly ?

“ Any shortfall between the headline consideration of US$16 million and the cash payments from United will be satisfied in new United shares being issued to Rockhopper (the "Consideration Shares"). The Consideration Shares issued to Rockhopper will be priced at the price at which United issue new shares as part of their proposed capital raise.”

Why would an oil strike make it rise...? Rockhopper did much better before finding oil

Yes a decent update... For United Oil and Gas

Open letter on the Energy Charter Treaty (ECT)

Dear Ministers,
Commissioners,
Members of Parliament and of the European Parliament,

We are writing to you as concerned civil society groups and trade unions from member states of the Energy Charter Conference, which will hold its annual meeting in Brussels over the next two days (10-11 December 2019). A first negotiation round to modernise the Energy Charter Treaty (ECT) will take place on 11 December.

We – 278 environmental, climate, consumer, development, and trade related civil society groups, as well as trade unions – believe that the ECT is incompatible with the implementation of the Paris Climate Agreement, just transition policies developed together with workers and their unions, and other necessary public policy measures. The ECT has been – and will increasingly be – used by fossil fuel and nuclear energy companies to challenge government decisions to phase out such energy sources. It can also be an obstacle to prioritising investment in renewable energy and energy efficiency, to bringing energy production under public control, and to taking measures to end energy poverty. The ECT in its current form is outdated and a threat to the public interest.

We therefore call on you to ensure that the ECT can no longer undermine action to avoid climate breakdown, protect the environment, and make energy affordable for all. We also call on you to immediately halt the geographic expansion of the ECT to even more signatory states.

The ECT includes many rules – including on energy transit and trade – but the provisions protecting foreign energy investments are of particular concern. They allow foreign investors in the energy sector to directly sue ECT signatory states outside of existing courts, in secretive international tribunals consisting of three private lawyers. In these tribunals investors can claim dizzying sums of public money in compensation for government actions that they argue have affected their profits.

We identify six key problems with the ECT:

The ECT protects fossil fuel investments and infrastructure, and is used to challenge and undermine necessary climate action. Since 2017, the UK company Rockhopper has been suing Italy over a ban on new oil and gas operations near the country’s coast, claiming up to $350 million in compensation;[1] in 2017, Canadian company Vermilion threatened to sue France over a proposed law to end fossil fuel extraction, which was then significantly weakened;[2] and in autumn 2019, German company Uniper announced that it would sue the Netherlands and claim compensation if the country approved a law to phase out coal-fired power plants.[3] We are likely to see more ECT lawsuits against climate action in the future as governments start to develop plans for climate neutrality and a clean energy transition. There is a real risk of so called ‘regulatory chill’, where governments are discouraged from taking action when faced with massive compens