Member Info for MajorThomas1

Very positive and confident presentation by PW. it looks like we should be in for a good 6 months.

GLA MT1

Back in today. That RNS cleared up all my doubts regarding ongoing cash flow and NWMTs commitment to the project. Will be a slow burner but canbjnly go one way over the next 2 years now.

GLA MT1

Finally bought in today. Had been waiting for 35p but happy to get involved at this level. Hopefully good timing.

Thanks Westie, been looking in for a while and it seems quite a balanced board. I will chip in if I have anything worth posting.

I'm in no rush. God willing I have plenty of time to build a good position.

MT1

Took my first position in ARCM today at 2.54p. Heres hoping it was good timing.

GLA

Thanks Nigoil, yes I hope I have timed it well and hope to do very well from here.

Thanks Carrot and good luck with minimising your average or maximising your holding however you look at it.

I've been watching this a long time myself. I was in RKH during the initial drilling in the Falklands and have been keeping a loose eye on it ever since as I knew it would take a long time to get to this stage. However I personally think that now is the time.

Why?

PMOs results anounced on the 7th of March. In particular, the statemnet that "Premier is preparing to submit an application for project funding once FEED has been completed, scheduled for the second quarter of 2019".

I honestly expect FEED, FID and financing complete by year end. That's a lot of news flow over the next 9 months which will see RKH funded on a relatively low risk major oil development.

Are you invested in RKH or planning to innvest n the near future Carrot?

I always keep some dry powder just incase I need to average down but confident with this entry price so do t expect to buy anymore for now.

Carroteater,

Why pre Brexit? IMO the markets have learned from their referendum mistakes and the worst case Brexit has been priced in. Given that no deal is off the table I can only see upside from Brexit now.

Why RKH, IMO they are fully funded for a major, conventional, oil development project, with a US$722 million development carry, a US$48 million exploration carry and an agreement that Premier are to provide standby financing arrangements, to cover any additional development capex beyond the US$722 million.

Why now? Their current MCAP is circa £100m, they are 10 percent off their all time low and IMO I am gauranteed to double my money from this price.

Given, cash operating costs of US$11.0 per boe and G&A costs are covered by operating cash flows this is a share I have absolutely no concerns over a placing.

The corporate update from the 3rd of January 2019 confirms the cash balance and outstanding pre development expendatures-

"Rockhopper's year-end 2018 cash balance was US$40 million (unaudited). The Company has accrued but unpaid costs, as at the year end, of approximately US$5 million (unaudited) related to pre-development expenditures on Sea Lion."

Hi GS, what dilution are you aluding to? For Sea Lion?

Took up a position in RKH today after a long time on the sidelines.

Will keep an eye on the board and contribute were possible if I have anything I think might be of interest.

GLA MT1

Phew! L2,

Your incoherent, Ill informed ramping really does BCN a disservice. A quality company dragged through the gutter with such pash. It really is painfully to watch.

Coffee, no I am not back in yet. I will post when I am and then stick to a watching grief from then on.

Bottmzup, I trade / invest and read BBs every day but only very rarely post. When I do it is because I feel particularly strongly about a stock or point of view. Most of the time I feel compelled to post is when I am negative on a stock I have high hopes for and it always ends up tit for tat with other posters who IMO don't like a contrarian point of view. I think I will take my own advice and post less.

GLA

Jarv, say what you like. I sold a sizeable holding in BCN at 25 and 25.5p and will buy back when I see fit. That's my perogative and I'm certainly not embarrassed by it. I don't post here hoping to drop the price I've been in investing long enough to know that no matter what anyone says in these forums has any effect on the SP of any company. To think that it can is embarrassing. I have no motive behind posting except to air my point of view and can't belive the reaction of some to it.

If this rockets, and it easily could, I've made a mistake and so be it. Won't be the first or the last.

There is so much upside here but I cannot see how it is u locked. JV partners will want a significant percentage of Sonara in return for funding and any equity raise will desimate existing shareholders. Am I missing something? Can you anyone advise how we can secure funding without dilution of our equity or ownership of Sonara?

Bottomz, do you really believe that the CEO has done a good job securing funding?

Amazing how some people react to 10% rise after he oversaw an over 80% fall in SP and led BCN to this point where it CANT raise the equity funding it requires without diluting its LTHs into oblivion.