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My average RKH price in my trading account is around 54p so I've got a little while to wait before CGT becomes an issue.

Thanks for highlighting it though otherwise I may have just left it there. Diary reminder made :)

Too early to start talking sunseekers? Made that mistake last time!

All depends how the sp reacts to FID announcement for me. I have no doubt greed will kick in again despite best efforts to supress it.

GLA

The more the merrier I say.

At the moment I'd be happy with the 32p Boboil! The extra £ would be lifechanging!!

Not a bad rise in RKH's book for an update. Judging by all the new posters here today, news will slowly spread and hopefully lead to a continued climb back to where we should be. Anyone changing their end of year SP predictions yet?

Or equally, FI might need to have somebody in place ready to hit the ground running when FID is announced. Would look pretty silly if they didn't.

"RKH rushed to monetize even before the annulment hearings commenced. Why?"

A really good question by OIL earlier. I've been pondering this for a while now and can't decide whether to take it at face value or believe that something else has driven this decision. If a company is prepared to pay RKH such a substantial amount up front before the ICSID case has concluded, then they must be pretty confident of winning. So why wouldn't RKH just wait it out? They must need the money sooner than they can wait?

I'm sticking with FID 2024 (subject to WW3 not starting!)

FID this year - now that is something we've not been able to say before, sounds good!

Will it actually happen? That is the $64,000 question.

I'm a bit more reserved, but 32p for me please but sincerely hope Neilius wins :)

HNY to all on here.

Not sure the good news is already priced in as the money isn't in the bank yet.

I was referring to 'bunkering', not being obtuse.

4. Interpretation: general

In these Regulations, except where the context otherwise requires —

“bunkering operation” means the transfer between ships of a substance consisting wholly or mainly of oil for consumption by the engines of the ship receiving the substance;

Hypothetical question.

This new legislation wouldn't by any chance allow an FPSO in FI waters to be refuelled ('bunkered') would it?

I'm struggling to think of any other scenario where it may be needed and hasn't as a result, been implemented before now.

Thanks for posting Mogger.

December 8, 2023 - The ad hoc Committee issues Procedural Order No. 3 concerning procedural matters.

This was bound to be a quiet year on the news front as the NEW operator steps up to replace Harbour, and gets established. They have set out their timeframe which is extremely encouraging. We have had no delays to date as far as I can see. This timeframe - FID 2024, First Oil 2026, almost guarantees news will be flowing in the not too distant future.

In 4 weeks time it will be 2024, then the fun begins, especially when you factor in news on the arbitration (Q1).

July 25, 2023 - Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration Plc file a counter-memorial on annulment.

Hoping luck is on our side for a change!

Thanks for the link SpaceHoppa.

Not read too many negative pieces on Sea Lion recently but just came accross this one in Energy Voice which was dated a week ago. Not too sure what to make of it however I recall being a little surprised by the language used by FIG following the Navitas/RKH Falklands visit. Are FIG playing it cool or are there some people now not too keen to see Sea Lion develop? Where has the author picked up on the 'distaste' mentioned?

https://www.energyvoice.com/oilandgas/493054/atlantic-oil-and-gas/

"In April 2022, Israeli company Navitas farmed in for 50% plus the operatorship and, last month, visited the Falklands to meet with the government (Legislative Assembly) to discuss development options.

Despite the winds of change buffeting oil and gas worldwide, the Assembly still has hydrocarbons written into the Islands Plan, the latest of which covers 2022-26.

Whether Sea Lion or any other development get off the drawing board looks increasingly fragile by the day and there is now “distaste” within the Assembly for this to happen; possibly within the wider community too."

Only negative piece I've come accross in a long time so not reading too much into it considering the positive 'official' releases made by the companies involved.

Anyone expecting an update next week?

A couple of large (750K) trades went through this afternoon at around 10.85p, hopefully they were buys.