Member Info for Marunam2

lol, Surely that's what stocks are for ?

JEBR: I can't see Navitas being allowed to tag on without UKEF support, nor would they be able to imo.
There will /should be talks amongst PMO/ Chrysoar and FIG . Licence due for renewal in a few months , so pressure on both sides to get this done.
Chrysoar would /should be looking for other interested other parties if they don't want to go it alone. With POO at near $60 now it helps makes any asset more valuable and attractive.

All the while Zama still on hold re unitisation of the field.

OM is a bonus ,if RKH get awarded a small amount net of costs it tides them over and no dilution ,it tides them over.

If UKEF are to come on board then the earlier the better as later on in the year with the Climate conference , Boris would be under a lot of pressure to say no from the greens.

You will be wanting pictures next LTT ,
The United Kingdom rejects the statement by the Argentine Government that these developments are contrary to General Assembly resolution 31/49, and reiterates its unequivocal support for the right of the Falkland Islanders to develop their natural resources for their own economic benefit. Argentine domestic law, including the three laws passed in 2020, does not apply to the Falkland Islands.

Wonder what resource they would want developing ?. Surely there would be a lot of pressure to back up the FI's and it's "development "
Bojo needs some wins and hopefully the Argentina govt will help out with a FI kerfuffle.

MuchAboutmoney , You're better than that comment re Maradona and the entire country.

Hi LTT,

I posted about this yesterday, unlike the old days when states did not payout the awards against them , the claimants now hire specialists who seek out state assets ,overseas generally ,and produce them to the arbiters at the award hearing should states claim they cannot pay. This prevents states from delaying payments to claimants . New York courts is generally where this ends up . It's somewhat surprising how states think they can get away with it even when it's in the ECT law.
I suspect that between closing the case/ arbitration and the award decision the latest updated seizeable assets will be presented to the arbiters to oppose against any argument the Italian state lawyers make to delay proceedings and payment, as once the decision is made it is final. I'm sure they will try the "there is no government in place" line if it's announced soon.
I think I am correct in the above, though I'm not a lawyer lol.

Zama, If they can't even agree on the unitisation of the field, still ongoing after how long ?
Imagine if parties disagree on the Mexican regulators decision, then it could be in limbo for a long time. Could even end up in court to resolve it. AMLO, the Mexican President seems quite happy to burn bridges with the International companies .
Sealion is no brainer, bet Harbour are fishing for bigger partners and increased capitol input. If not they have the finance and knowhow to go it alone with RKH.

SP volatility will be here till concrete news, just trading it with a small pot.

If you're that far down and holding 2.7m shares !!!, don't you think you should advise people to ignore your view. You obviously have no idea after all this time. Your strategy is , you keep buying but expect it to drop.

Should you not be concerned for those selling out on your advice who have holdings with a higher average and less deeper pockets than you. ??

Re the OM award, should RKH win , there are some who will come on here and claim there will be non payment of the award. The Italian state ,to my knowledge can ask for a deferment claiming they are unable to pay at the award hearing . This has to be done when and if there is an award to RKH. States have used tactics in the past to delay the payment claiming they cant .
What has changed is that arbitration funders can and do hire specialists who seek out current assets against which they can claim the award. These specialists identify assets that a court can seize against the award.
So you are right HairyDavey , the case has dragged on and unless there is compelling new and relevant evidence for or against , then the Arbiters may decide quickly .

Why are some people obsessing and stating as fact over OM and Harbour not going ahead with Sealion when they are in the darks as the rest of us ???
Buy at 6p then sell at 10p , 9p, then deramp like mad and buy in much lower,

Shameless.

Bought a few , hoping the correction is complete and will go back on the uptrend.
Any news coming out at anytime is too unpredictable for it to track down to 6p now imo.

DYOR

Why not ? give me a reason why pre covid it was well above these levels on no UKEF or OM award.
We have never been closer to both outcomes.

IMO , the FI assets are worth a lot ,lot more that £90m, which would equate to 20p. OM award even a small one ,say $25m nett would be enough cash for RKH to 1st oil , no dilution required .

Harbour are either in or out and it reverts 100% back to RKH if they do pull out. IF navitas were prepared to put in $xxxm to get a 30% stake , what is the whole shebang ,100% worth, to someone ? . $50 , $100m ???.

This FID ready asset doesn't lose it value till it's wound down 100%.

I actually think that POO staying at the $50 - $55 level and no OM award for a month is good while the world gets on with increasing the vaccinations. By mid to end February as the world gets on its feet somewhat the sentiment in POO will be even better. Don't forget OPEC ,especially Saudi Arabia, are propping up the market even as the vaccination rollout starts. Another month or two of reduced output is going to help shrink inventories , when the demand suddenly pick up in the following months I expect POO to jump. I do think that there will be high volatility to the upside of POO following that.

I just cannot see what Harbour can buy or develop that will bring consistent and long term production that would equate to Sealion and the follow up phases, what would it cost them to buy such an asset ??
By middle of Feb with no news ,16p to 20p is what I'm looking for , then OM and Sealion FID.

Still no sign of the of the day trading nutters yet, good for us , that's still to come.

GLA

I did think a pull back from yesterday was on the cards, RKH up 60% or so , there had to be profit taking at some level and hopefully resume upwards next week.
No harm in profit taking at various levels going up, timing is always the key.

Godders,
You are holding how many millions of these shares ??
You are telling "untruths" re numeration committee head from FOGL, you can't even remember his name or don't want to state it ? Tim Bushnell left ages ago.
Yet you don't know anything about point 2 , yet you own millions of shares wow. !!!!!

For those interested in info go to the litigation funder Harbour litigation for info on points 1 and 2, very informative
DYOR,DYOR,DYOR
DYOR , don't rely on anyone here for your decision , it's your money to make or lose.

Naughty Godders , tut tut.

A learned chartist could enlighten us as to why there is a million shares sitting on 11p !!!

No doubt for me that Harbour will be looking for bigger and better equipped companies to join for Sealion.
They may have to take the self funding route if UKEF decline. BUT, they have the financial backing and as has been mentioned they are not scared of being in the oil business.

Matt,
Bit of wishful thinking re Cairn, they have a massive payout from their arbitration and would fit the British company profile I suppose. There were rumours they were interested some time ago, perhaps at his FID ready stage they might be again with cash in hand available on payout.

I get what Godders is saying re buying out RKH, just that he is a little too enthusiastic to knockdown the sp for someone who holds millions.

There will be a supply crunch coming in the next 3 to 4 years , it would be foolish to ignore the massive underinvestment that has been ongoing for the last 2 years .
https://oilprice.com/Energy/Oil-Prices/The-Oil-Industry-Is-In-Dire-Need-Of-Investment.html

How would $100m therefore be a generous offer ???

Would it be that they ,Harbour, will adhere to the terms in place already, de comm / wind down costs , eia regs, tax etc ?

Apples and oranges , You are comparing your buyout offer of $100m ( thats about 16p-17p ) , with what is paid when the offer is made .
IF it was made right now what do you think the offer will be at 8.5 - 9p if using 2.5x the sp ? does it equate to $100m you think is generous. ??

LOL Godders ? Trying too hard now.