Member Info for fecm

As much as I'd like to add to my RKH position, there is no way I'm logging into my trading account and ruining the weekend before it even starts! Will stick with what I have until the bitter (or remotely sweet) end.

So, if I understand this correctly, PMO submitted the PIM late last year and included as part of the supporting evidence, an asset (Zama) that they hadn't sold or had an offer on and didn't even know if they legally owned it? Happy to be corrected on this.

This could help ARCM no end. How frustrating.

So where was all of the transformational news yesterday that he was so adamant was going to happen on or before 5th March? Goalposts now relocated to after the weekend.

PMO taking a battering, not good.

Gozzie, bhlcf was a poster on iii. Abbreviated because 'Blue horse shoe loves chip fat' takes an age to type!

"The Company has successfully extended the Second Phase of the Licence from November 2019 to 1 May 2021, thereby creating additional time to secure new partners in the Licence. A further extension may be sought to allow adequate time for drilling within the Licence area.
The Company is actively seeking other partners to participate in the development of the Licence."

From the ARG Annual Report: -

"Commercial risk
Even if quantities of oil or gas are discovered, there is a risk that these will not be developed.
Mitigation: The Company is actively seeking partners with strong financial backgrounds and track records of expediting the process from commercial discovery to production."

Well that's RKH out of the equation then!!

http://www.argosresources.com/perch/resources/arg-2019-annual-report.pdf

Well I guess the way to put this one to bed would be to monitor news from Navitas. If they have made further progress on the deal then I'm sure they will announce it. I think Cyan likes to dabble in Hebrew so hopefully he will keep an eye out.

PMO said
"In January 2020, Premier and Rockhopper agreed a detailed Heads of Terms with Navitas Petroleum to farm in for a 30 per cent interest in Sea Lion. Finalisation of a farm out agreement is expected during the first half of 2020 with completion subject to regulatory and lender approval. "

So, it appears to me that the Navitas situation has not changed since 7th Jan update.

Rearrange the following words to describe where we currently stand: -

'kicked' 'down' 'can' 'road' 'the'

Nope, H-O-Ts with Navitas were signed according to RKH RNS on 7th Jan: -

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that Rockhopper and Premier Oil Exploration and Production Limited ("Premier") have signed a detailed Heads of Terms with Navitas Petroleum LP ("Navitas") to farm in for a 30 per cent interest in the Sea Lion project (the "Transaction"). In addition, Rockhopper and Premier have agreed certain amendments to their existing commercial arrangements.

PMO were updating on events that have happened since last update.

Nigoil can only answer 'patience' when questioned about the news that he said (many times) was coming on or before 5th March.

Looks like a couple of the 'tide' posters got removed last night.

"Rkh sp 13p, 1 billion bbo..looking for farmers..Trp sp 50p, on their way to production?.. what am i missing?"

I'd say about 49.5 pence, TRP are less than half a pence, wouldn't touch them based on previous performance.

Bit more blue on the board today but means nothing to me as a non-Level 2 holder. Would have expected more of a sp rise by now with expected news tomorrow.

Well, if there is one coming tomorrow then the sp should start rising today as the news leaks through the usual channels.

RNS tomorrow then?

Mogger,
Thanks for the reply and understand your position. Appreciate the link to updated Edison report.

Hi Mogger,
Would be interested to hear your latest view on when we may get news of any OM award? I recall a few days ago you raised some points regarding time limits?

Barnyard,
"or the record the 750,000 trade is a roll over of a leveraged product as you have to sell first then buy them back and it costs you the price difference to maintain the bet for another time period"

Thanks for offering the above explanation which seems to explain the second 750k showing in red that Nigoil didn't get back to me about.

Strange that you would have a go at a faceless bb user posting a question based on information provided by this website rather that go to the source.