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Godders, we know Sam style … he’s not an oil man and to support the share price by managing general expectations is NOT something he has in his skillset. After all this is his first CEO post and with current performance, I suspect his last.

Simply put, I don’t think he can tell you what he doesn’t know. My reading is that they have asked the Solicitors who have not responded. What else can he do ? My point is that WE, as shareholders, have alllowed him the powers to get the Company into this perilous situation. In m my book if Ombré Mare doesn’t come in then HBR will look to a takeover by offering HBR shares. Sam would do o nicely out of that and we PIs would lose loads.

We need to put in place a no share options until first oil minimum.

Well wherever he is, he is STILL responding to emails …

What Sam fails to realise is that the number of disillusioned investors is growing by the day.

His silence is now hurting the share price.

Glenrothes,
Any news update on Qty of Shares for EGM ?
Have heard from Sam at all ?

Cubane … good post. Lucky for Sam he isn’t in your situation …. He still gets paid a more than generous salary. He can afford to waste time ….

As Glenrothes has shared and. I repeat:

“imho, when oil is seen as a sunset industry, the arbitrators may lack the courage to award a $100 million+ figure to a fossil fuel company. There will be a capital raise very near FID, if not an attempt to sell more Sea Lion % to a cheeky bid.
Shareholders must prepare to manner the Executives if Ombrina Mare disappoints.”

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WeTheShareholders
https://forms.gle/dtdsYJY7t8tYuUbc6 with GDPR consent

Exactly and that would be totally in keeping with Sam’s Modus operaandi … look after himself first !!

Agreed, Fibonacci but Sam has a vested interest in NOT chasing too hard… that’s my point.

Godders and as a result RKH share price has suffered. Sam has steadfastly refused to make ANY attempt in managing expectations. To simply now say it is AIM and what else can you expect ?, when at one stage in the early days he was telling us that FTSE250 entry was a realistic target ?

Nothing more to be heard on the application for UK Govt support ?

The list of questions in endless.

Sam isn’t up to it ….

And again … Godders, until Sam has information that he can release regarding HBR / Navitas and whether Sealion has a future, I don’t believe that Sam will hold that Investors Day.

Put yourself in Sam’s shoes. Why would you give the PIs a platform at which they could lambast you ?

He is hoping that HBR and Navitas come up with a plan …. Because he doesn’t have one.

Suspect you are right, Cubane but it does alter the fact that Sam’s interests are NOT in my opinion, aligned with shareholders wishes.

Perfectly valid, Cubane but I’m fairly certain that Sam’s approach is look after himself first. Don’t rock the boat or the trough may empty.

Damn spell check.

* It’s is my personal belief that Sam etc

It my o pop redo all belief that Sam isn’t chasing this too hard … why would he ?

Any award will only make us a target for HBR. His interests and share options can best be preserved by keeping quiet and blaming someone else as usual.

Profit … Profit explain the concept, please, videodawn ?

Ahh you mean where Sam makes MORE money and the value of RKH goes down ?

Pessimistic to say the least, Glenrothes, with size of award but NOT, I fear in your assessment of what slice Sam will take.

We deserve it, he will say ?

ltt … I would actually go further and say not only is there No benefit in keeping Sam and the RKH BoD in place but they could well be consider a liability going forward. The BoD have ensured their bread has been buttered but given no consideration to PI losses … paper I’ll admit.

Maybe HBR will realise this but such is my anger at the BoD performance that it would pain me to see HBR pay them off

Targa … Understand where you are coming from but again I would suggest that Sam has frittered away a great deal of money already and IMHO he cannot be trusted to do the same again with a £100 million award or whatever it turns out to be.

pauldrayton, a number of us beg to differ. The BoDs poor handling of virtually every obstacle has resulted in their situation where we rely on this single judgement that is outside our control ?

At every step of the way, Sam says it is because of external influences. What do we pay him for ?

Precisely put, ceejay.

In the same way that the oil price has negligible effect. Granted it is important to the World economy and there is no doubt that Climate change is critical to our survival .

However, It has become increasingly obvious that Sam and the BoD have proved incapable of navigating this Company forward. We need to address that ….

And I’m sure he isn’t chasing for a decision very hard ?