Member Info for fecm

Might not be a bad strategy Ovets, I think they even pay a small dividend. What was the saying back in the gold rush days - it was the pickaxe and spade sellers who made the most money lol! If the oil business does take off then FIH are one company sure to gain.

Thanks Gozzie. My posting style has evolved from many years on these boards where I'm learning to consider all posts before forming an opinion. There are always uber positive and negative posts on these boards and ultimately only one side can be right. I'm also not convinced about this paid ramping deramping business however, where money is concerned I wouldn't be surprised. My own opinion is that the vast majority of posters who are very negative are genuinely under water and understandably hacked off. The other end of the spectrum are the people who maybe overexposed and trying to protect/regain their investment. Occasionally there will be the odd poster who actually has 'contacts', it's inevitable. You had to be around back in the day for the infamous 'Sell Nm' message that dashed all our hopes! A few others clearly had contacts in the oil worker world and were feeding back snippets. This is why I have no one on ignore and read all posts.

Thank you Trop for expanding a little. Without knowing the finer details of what has been going on behind closed doors at chez RHK I understand how easy it is to lay all the blame with our bod. Those of us who have been around for some time now have to concede that its mostly water under the bridge now and we are in till the bitter (or sweet) end. Not a lot we can do about it now. Those who recently joined the party could possibly be making the timing of the decade. Believe me, I feel everyone's frustrations!

Trop, do you currently hold any shares in RKH? You joined LSE on 16th Dec and have posted in excess of 200 negative one liners (with a couple thrown on the PMO board). Whilst it is your right to do so, it doesn't really add anything to the debate.

Speculation isn't the same as before, granted. But oil / gas being sold for a decent profit still is. In my opinion it will be around for some time yet until the alternatives are properly established.

That shouldn't be a massive issue in the big scheme of things Gozzie at it will mean we are a step or two closer. We all know that first oil is a few years away however once sanctioned, there will be a lot more interest in this share. Not saying FI fever will take off again bit we should be a good bit higher than today's price.

Ralph, open your eyes a bit. This is the latest job advert of many that have been previously posted here. You clearly didn't even read the first line: -

"The largest company in The Falkland Islands have been undergoing a recruitment drive within their construction sector, one of the principal project requirements is for joiners."

I'd say 40K isn't a bad wage at all for the experience of living down there for a couple of years. Could even be tax free if they stay out of the country.

Thanks FalklandInvestor. That's pretty much how I see it. FIC have obviously invested in this and are spending cash. This must mean that the level of confidence within the Islands is high with regard to the project going ahead. I read from that that there shouldn't be any great issues with the FIG (which can't be resolved). So, Falkland Islands appear to be full steam ahead. Fingers crossed the other ducks fall into line.

Construction in Stanley continues to ramp up: -

https://www.s1jobs.com/job/construction-trades/carpentry-joinery-construction-trades/stirling-town/754901562.html

Wonder who will be taking up residence?....

Careful Nigoil, people might start to think you are related to our old friend Borgo who looked forward to sunny days too! Hopefully the exchange rate will continue to improve as it has recently on the run up to Brexit.

I hear spoons were dishing the booze out at a pound a pint last night? Shame I no longer drink much, could have been a good night.

Hmm, wonder if the swallows are European (€), American ($) or good old British (£)?

I guess my scepticism follows being badly burnt by XEL then let down by DES and FOGL. The RKH bod have kept the dream alive thus far and appear to be on the verge of pulling it off. It's the reliance on all the other agencies that makes me nervous, especially in today's climate. Hopefully things will visibly move forward this month and make those of us erring on the side of caution a bit more comfortable. Looking forward to many 'told you so' posts over the coming weeks lol!! :)

Yep I actually understand that but feel a little more communication from the Bod would go a long way, as demonstrated by UOG. I have a substantial position (to me) in RKH and have also added to a small ARG holding so I'd say more in than out. We all shout at our respective football teams - even when they are winning lol. Not that I'm into football but you get my meaning :)

Sorry Nige but have to disagree. A check of my posting history will not show 'nothing but negativity'. More a balanced view in my opinion.

I would think that a project as big as this being formally sanctioned would be worthy of a bonus. It is after all a key milestone.

Further to my last, UOG seem able to keep their shareholders in the loop: -

"As the original Acquisition Agreement and BP Facility contained backstop dates of 22 January 2020 and the Placing Agreements contained a 31 January 2020 backstop date, the Company, Rockhopper, BP and United's Brokers (Cenkos and Optiva) have extended the backstop dates on all of these agreements until the end of February 2020, which the Company expects will provide sufficient time for approval of the Deed of Assignment and completion of the Acquisition. In the meantime, the date for the admission of the Enlarged Ordinary Share Capital of United, comprising 619,153,969 Ordinary Shares, to trading on AIM has been deferred, and Admission is expected to take place during the middle of February 2020, ('the Admission date'). "

Time after time RNS's are released containing future dates (Q1, Q2 etc) for expected milestones to be reached. These dates invariably pass with no explanation for the delays. Is it any wonder that some investors get a little annoyed? Yes I've used the word 'expected' meaning not set in stone which anyone can understand considering the complexity of the project. However, a little more communication from PMO/RKH would go a long way to alleviate investor frustration, even if its only a revised time. Delays = problems in my limited view.

FIG haven't even sorted out oil contractors tax positions yet so don't hold your breath on a quick Navitas sign off.

Of course, happy to take back all of this if there is a nice big juicy RNS waiting for us Monday morning!

I'm afraid the timeframe is already slipping as per normal: -
"Rockhopper's disposal of Rockhopper Egypt Pty Limited, as announced on 23 July 2019, is subject to satisfaction of final conditions precedent, including United Oil and Gas Plc shareholder approval and is expected to complete during January 2020. "

I can confirm that the 36,963 share trade executed at 13:25:04 was mine and it was most definitely a BUY. Why has it been published as a sell? Only a small top up to a pretty small holding, but hoping for happy days here again.
GLA

Probably referring to Navitas coming on board. FIG should be ready for all of this, they like the rest of us have had long enough to wait.