Member Info for donalb

Thanks Mogger, great info & encouraged me to dig a little. I liked the following news story & their will to drill :-)

https://time.news/navitas-with-revenues-of-almost-100-million-dollars-since-the-beginning-of-the-year/

Lets hope its Inishkea & Vermillion/Nephin news. The timeline for the Corrib transfer from Equinor to Vermillion was expected sometime in Q1, after Ryan delayed then OK'ed it in Dec'22. There is no update/news on Vermillion's site, but the cogs may be turning. Remember, those 5 new turbines wont be running on Hydrogen :-) GLA, DB

Mike, as I understand it, having twice read the link info, its just the German laws & EU laws & the formulaic & legal order of things.

TUI have bank debt & German State debt since covid, which carry different interest rates & certain subscription rights, so in effect some dilution is already cooked in. They have very strict new agreements on debt repayments, partly it seems to avoid the 1€ subscription rights & to lower/end their expensive loans & interest repayments. They also have to get any deal past the EU commission on State Aid to business, etc, hence the precise & long sequencing.

As for extras, if the Russian war in Ukraine expands, they need to remain flexible financially & not play their cards too early. And the principal 30% Russian shareholder, will be diluted through these manoeuvres, possibly freeing up other corporate activity for TUI. There is news talk of other major investors being interested too.

They may also make a fortune, with huge cashflow, before December 31 & not need to raise too much.

Best guess, all is good for those who can subscribe, possibly a sell for those who cant, and a buy or wait & see share to the side-lined interested.

GLA, DONALB

https://www.tuigroup.com/damfiles/default/tuigroup-15/en/investors/7_AGM/2023/20230120_QA_TUI_Kapitalma-szlig-nahmen_EN_final.pdf-3962a832e21342c4bbd9193d46e2c6ac.pdf

get rich quick, I see that this really is from the Financial Times, but its way, way, wrong !!!

It reads that "earnings before interest and taxes were €158.7mn, compared with €274mn a year earlier" & should read
"earnings before interest and taxes were € -158.7mn, compared with € -274mn a year earlier", ie, lowered losses to 158M€.

Believe only half the lies you are told :-)

Otherwise, good results, complicated upcoming consolidation & probable dilution, but all for the good of the longterm share price. GLA, donalb.

The

thornyone, you are right that Euribor is the € interbank lending rate, day, week, month, yearly, etc.

When the ICSID made the award, to ensure that RKH gets paid a fair interest %, if there is any delayed payment, they choose the reasonably generous interest rate of the yearly EURIBOR % rate + 4% more .

Currently the yearly Euribor rate is approximately 3.3 %, it has been much lower since 2016, before the recent inflation spike, but has been as high as 5% in 2000 & 2008.

I hope that helps a little. GLA, donalb

Thanks for your "enlightment" thornyone, but they are not minus symbols, look more closely, they are the approximate symbol.

As often in life, no good deed goes unpunished.

I recommend SpecSavers :-)

Louis10, you are most probably Oilman Jim, or a paid flunkey.

So tired of reading your rubbish on multiple sites.

Thornyone, its the Euribor Rate + 4%, compounded annually, that is applied, as described in the RNS below.

Currently ~3.3% + 4.0% = ~7.3 %

RNS "As announced on 24 August 2022, the arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty (the "Award") entitling Rockhopper to compensation of €190 million plus interest at EURIBOR + 4%, compounded annually from 29 January 2016 until time of payment (except the four-month period immediately following the date of the Award)".

My own thoughts were that all annulment costs & previous payments, should be paid for by ICSID or the World Bank or other responsibles.

p777, read back to Wednesdays posts by fecm, spacehoppa & pauldtayton.

Quick Synopsis - Italy applied in Dec for an annulment, with a 5-10% recent chance of success.
Italy also applied for a stay on the award payment, pending a typical 1-2-3 yr annulment procedure.
Both recently sent the respective cases for the stay or pay of the award, to the freshly constituted committee.

As per ICSID rules (read &/or heard), the decision on a stay or pay, is decided in 30 days.

Would be funny if we got the payment & the award was later annulled !!!

As long as we have run for it first with all the loot, a la Italian Job :-)

Spacehoppa, don't hold back, tell us what you really think :-)

20 year sunset clause, in any case, so reformed or unreformed rules, the EU or individual EU countries leaving is not relevant to Rockhopper's case.

Lets hope we are in the money next month !!!
GLA, DONALB

"The Commission went on to note that unilateral withdrawal of the EU and its Member States from an unreformed ECT would trigger the “sunset clause” in the ECT, pursuant to which the ECT would continue to apply to existing investments during a 20-year period. This would result in new investor-state disputes being adjudicated under the unreformed rules, including in relation to existing investments in fossil fuels".

Suggest nomenclature for the second drilling !!!! :-)

MOU2 - Take 2 - The Squeak-Well

From Dubhlinn on Europa:

https://www.irishexaminer.com/news/arid-41064047.html

Minister Ryan has 5 new temporary gas turbines arriving, to limit the risk of power outages.

Hope he always has the emergency gas supplies !!!

A most annoying d*ck called Nigel,
Always predicting the end of the oilies,
Along with a Charlotte, who lies like a harl*t,
I will stick with our Lonnies & Paulies !!!!

Self assesment 6/10, iambic pentameter 4/10, a good Limerick 3/10

Feel free to improve this, while we wait the 4-6 weeks for re-entry, ie, really 2-4+ months ??

And as bad as the Conservatives are, Starmer declared in Davos , that he wants to end all new North Sea exploration.

Same multi-millionaire alternative reality as Ryan and/or Political Green Washing agendas.

Looks like EOG & PDR have better Irish prospects, with primarily gas targets & Corrib field proximity.

From Serif & Tommy on Europa, plus part of recent Twitter public awareness campaigns.

https://iooa.ie/wp-content/uploads/2022/11/IOOA-Submission-on-Review-of-the-Security-of-Energy-Supply.pdf

Its v good stuff, really countering the rubbish security report last summer.

Not sure why Predator is not a member, to better cosy up with Vermillion & Nephin. Maybe the cost :-)

From Serif & Tommy on Europa, plus part of recent Twitter public awareness campaigns.

https://iooa.ie/wp-content/uploads/2022/11/IOOA-Submission-on-Review-of-the-Security-of-Energy-Supply.pdf

Its v good stuff, really countering the rubbish security report last summer.

Plus have asked IOOA & BEY to update IOOA site from Providence to Barryroe.

Too funny, I read the posted article & copy/pasted that, maybe should have added inverted comma's :-)

Engineer, male, ex-high tech, pvd equipment specialist for the science guys.

Carnival Cruise up 13.69% today !!! Sector Upgrade by GoldmanSachs.

If only TUI had some cruise lines :-)