Member Info for EG777

AncientArcher - I can't find the link on Navitas website but I don't think this is news. I'm pretty sure this is the same fund raise that was announced in early September.

The reason FID was delayed til H2 was so that the banks could complete their due diligence. So I'd imagine the 2 would be announced together and that the funding hasn't been formally secured yet but is well into the due dil process.

As far as I know there isn’t a BP story.

Awkword has been including it in their posts with no supporting evidence along with a lot of other wild claims. A bit like Buzzthomas, Garbled, Happy etc but on the opposite side of the spectrum.

LOL - Happy. You make a statement as though it is fact and then say "I hope I am wrong" and "All Strictly IMHO DYOR".

Rockhopper is still up 1.6p from their opening price of yesterday on tiny volume of approx 1m shares. Hardly an exodus of II's selling on the back of insider info.

I would take a guess that some punters bought in yesterday in light of the FIG meeting hoping for an RNS after it/this morning hence the rally. After not getting one they've exited their position.

Ah thanks. My bad! I misread the original document, thought it said the meeting was on 14th but just realised that was when the report needed to be submitted by.

Samula (or anyone else who may know) - do you know if the extraordinary meeting scheduled today, was planned prior to yesterdays meeting. Or have they called it on the back of yesterdays meeting? Was aware of the EXCO meeting on the 14th but not the latest one today.

Thanks for this link Samula.

Is there any confirmed source that states this is a meeting specifically with Navitas?

The statement says "unless otherwise required, the Company does not anticipate providing any more updates in relation to progress to FID."

So doesn't necessarily rule out any other RNS's before then. The Company is also legally required to release an RNS relating to anything that could be price sensitive information. I'd say that FIG signing off approval and/or coming to an agreement in relation to the tax liability is surely price sensitive?

Buzz - how does one prepare for finance failure?

If financing fails, the company is screwed. That is one of the principal risks, and always has been.

The only way to prepare for this, if you thought it was likely, would be to sell all your shares.

Considering most people on this board are shareholders, I’d imagine that the majority (myself included) think that the funding is going to be a success.

If you don’t, then presumably you don’t hold any shares, so why do you post on this board?

Dilution definitely is a factor in the context of Awkword’s ramping because he is insinuating the likelihood of the share price reaching 600p in the near term is possible because it was 500p years ago. The company has been heavily diluted since then so they aren’t equivalent in terms of market cap.

Divi - if you read the RNS you will find your answer.

The reason no one has commented is likely because this is a non-news item which is essentially just confirming something that had already been voted for and approved in the AGM. If you had attended the AGM or read any of the resolutions passed in it you'd know this. But that would have required some basic research on your part which is probably why you were unaware.

LTT, the tax issues are mentioned a few times.

The most promising being:

"As disclosed in the Rockhopper Annual Report published on 5 June 2025, Rockhopper is currently in discussions with the Falkland Islands Government to resolve differences relating to a deferred tax liability arising from a previously disclosed tax settlement deed as the current arrangements are incompatible with the currently envisaged Phase 1 financing plan. Based on discussions to date, the Company is hopeful that this matter will be resolved in conjunction with the Sea Lion project moving ahead to FID."

Nikb - thanks, can’t say I’ve seen anything from James Curtis but will check it out, any particular recommendations?

Just to add a little bit of optimism to the doom and gloom about the country, and time we are living in...

The UK definitely isn't without its problems - NHS, leadership, housing and so on. But there are billions of people born into war-torn or impoverished societies so as Brits we've got it pretty good. There may be some countries with better standards of living, but there are certainly a lot more with worse. We've got some of the best beaches on earth in Cornwall, Gower, Pembrokeshire etc. Great mountains in Lake District, Snowdonia, Highlands. Cities with amazing historic architecture, and centuries old country pubs serving the best ale in the world IMHO. So I don't think it's all doom and gloom.

In terms of the times we live in. I would respectfully guess that I may be in the younger demographic of this board because I'm not old enough to remember the 90's let alone 60's lol. A lot of people think society peaked in the 90's and I can understand why. Personally the 60's always appealed to me as an era. Even though I wasn't there it's hard to argue times are better now than then.

But if you look a bit further back, I'd say we have it a lot better than the poor folks fighting in WW2 and hiding from the Blitz. Going back a few more years Spanish flu was wiping out most of the people who were fortunate enough to survive the horrors of WW1. Then basically any point in history before then you were either born into an upper class, or working in conditions that would be described as slavery in today's age.

So on balance, I don't think the UK in 2025 is quite the post-apocalyptic Orwellian dystopia that a few hours doom-scrolling on the internet might have you believe. Apologies for the off-topic tangent, but the board was getting a bit too depressing. Don't forget this time next year, we'll all be millionaires 😂

They’re investing an awful lot of money into a project that’s supposedly being vetoed by the Israeli government 😂

Glad to see there are still some posters who can back their posts up with evidence from official government / corporate documents. Rather than wild speculation and scare mongering.

Thanks Mogger great find.

Looks like Navitas are really concerned that Israel are going to suddenly team up with Argentina and block one of their largest oil companies from developing a new oil field.

Happy. Nothing has been “priced in”.

We’ve been in a trading range of low to high 70s for some time. Other than the sharp rally we had to low 90s, followed by flash crash to high 60s.

The thread you are responding to is discussing Rockhoppers Interim results, and an update on the OM arbitration. Regardless of what you say neither of these 2 things are going to be released via the Tel Aviv Stock Exchange and Sam has a very strong influence over both.

Sure Happy…

I’m sure Sam has absolutely no influence whatsoever over when his company files their half year results…

Mogger - thank you as always for sharing your findings.

Next stop, RKH RNS half year results. Will be interesting to see what they include.

Genuine question - but if FIG sign off all the relevant regulatory agreements BEFORE purdah/elections. Then would this necessarily cause any delays to FID?

I’ve seen a lot of comments about if FID doesn’t occur before end of Oct then we are looking at 2026. But as long as FIG sign off before end of Oct could RKH/Navitas not crack on with FID without them?