Member Info for fecm

Missed a bit from the ARG 'Financial Update': -

"These factors indicate the existence of a significant material uncertainty which may cast doubt over the Group's and Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group or Company were unable to continue as a going concern."

Released almost a month earlier than previous financial updates, so you could read something into it.

Cheers, seen it now.

Guaranteed at least one tomorrow: -

Director/PDMR Shareholding and Total Voting Rights, Share Incentive Plan

Not showing on the London Stock Exchange website?

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=FK0114538241GBGBXASQ1&formName=frmRow&upToRow=-1

Surprised nobody's called a tree shake like they did in the old days -

Oh go on then TREE SHAKE!!!!!!

Today's drop seems way overdone to me in comparison to the rest of the junior oilers. Either bad news is leaking or games are afoot. Sadly our track record tends to make me feel its the former.

Perhaps the words got out that the Bod are going wild catting in Alaska with OM payout cash :)

Wishful thinking on ukef, its probably the 11m from uog.

You wernt joking about 2 shares being bought! I can see them now. Fingers crossed for good news.

How on earth can this be down with no trades (showing) today?

Ok, so whats my agenda then? If you think im part of some organised group determined to bring RKH down then you couldnt be further from the truth.

Not quite sure how ive ended up on the expanded list. Must be because ive challenged some of Nigoils posts in the past. I can hardly be blamed for that when I am not connected to anyone in this industry. Hold a significant amount (to me) of RKH and want it to succeed as much as the next man.

I was hoping it wouldnt be as much as that . Even 75M should put a few pence on the sp though.

Any idea what % the Lawyers will earn?

Hmm, certainly a lot of possibilities. How crazy is this one - RKH get a decent OM payout, (say 100M) and stump up the cost of a drill on Rhea (40M?) for a %age. A strike would recoup what we lost to Navitas, back in the game!
Crazy I know but anything can happen in this game. And no, not had a single drop of alcohol this weekend :)

Ok, assuming there is some merit in the rumour that Rhea could be drilled as early as May next year, they are going to need a partner(s) to fund it. RKH are skint & Navitas are busy raising funds for their share of SL. That leaves PMO or an 'outsider'. Although PMO are pretty maxed out on the financing front, they will need a rig down south to start prepping once SL is sanctioned. Might be a shrewd move to lend the rig to ARG in exchange for a % of Rhea. I'd have expected an outsider to have gone for a known asset in the first instance, namely Sea Lion but that doesn't appear to be the case.

Anyway, news will be coming in soon over the next few weeks from all companies involved. PMO trading update on the 5th should be interesting.

Exciting times coming again? Hope so. Just my own thoughts as always. Holding RKH, PMO & ARG at the moment.
GLA

Nigoil, how long are you planning to hold ARG for?

At least it will be out of the way and a bit more cash in the bank.

2 now known RNS's expected next Friday then (UOG & Director share purchase scheme). Anyone care to up it by one for the hat trick?

From share talk on the UOG board today: -

United Oil and Gas (AIM: UOG) announced the Egyptian authorities have given the green light for its acquisition of Rockhopper Egypt Pty Ltd, which holds a 22% interest in the producing Abu Sennan field onshore Egypt, from Rockhopper Exploration plc. This was the last regulatory condition outstanding and the acquisition is now expected to complete on 28 February. The acquisition will add production to United’s portfolio of multistage assets in the UK, Italy, and offshore Jamaica. At the last count, gross production from Abu Sennan averaged c. 8,000 boepd in January 2020, equating to c. 1,760 boepd net to United’s soon to be acquired 22% interest.

Twitter https://twitter.com/Share_Talk/status/1231537008901795840

https://www.share-talk.com/st-brides-partners-weekly-brief-22nd-february-2020/#gs.xrfj8z

"Who was it that quoted " one swallow doesn't make a summer " ?"

Guilty, during one of my replies to you on 24th Jan -

" I believe you do have some kind of connection to this project evidenced by your call on the Navitas RNS, however one swallow doesn't make a summer."

Really looking forward to summer. Maybe it will come early, the daffodils are already out round my way. But lets not start down a daffodil road please!!