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Yes, they got 20 years.
https://english.almayadeen.net/news/politics/argentina-sanctions-israeli-oil-firm-over-exploration-near-f#:~:text=Israeli%20oil%20firm%20Navitas%20Petroleum,in%20Argentina%20for%2020%20years.
For clarity, received today from IWeb.
ROCKHOPPER EXPLORATION - Important Information
Removal from ISA.
Important Information & Other Key Dates:
Following completion of the recent Rockhopper Open Offer you have received Rockhopper Warrants. As the Warrants are not trading on a Recognised Exchange as defined by HMRC they are ineligible to be held within an ISA product.
Should you hold your Rockhopper Warrants in an ISA product; we will shortly transfer them to your Share Dealing Account. If you do not have a Share Dealing Account, we will open one for you.
Hope this helps.
Corporate action notification from IWeb explains the Open Offer well. I need to input a few thousand pounds to take up my holding which is spread accross an ISA and normal trading account. It grates a bit having to do this to avoid dilution but would be worth it if OM comes in and/or Navitas start releasing positive news.
A few things bother me, in particular the shaky ground that the stock market seems to be on at the moment, down big time on some of my long term investments.
The other thing is RKHs track record / luck which just does not go in PIs favour. Could it really be different this time. I note that we hav until midnight on Tuesday to take up the offer so I might just wait to see what comes out of the AGM. I'm expecting a lot of positive spin - but we've all been there before! Afraid I can't attend the AGM but good luck to those who can, hope it's worth the journey.
An extra 60 days won't make any difference to us long term holders, at least we would then have passed the point of no return where the award has to be issued. AGM on the horizon, things could start looking up again.
My portfolio of shares, funds and trusts are down 30% overall, so I'm already in recession. Do I bail out now or sit tight and ride out the storm? Could be a long wait. Trouble is if you bail, where do you put your money?