Member Info for Marunam2

Now it's staring a war by the Argentinians, in 2025 no less , With a few choppers and a whole platoon !!!
Finally filtered , not feeding this troll anymore.

Last filing 4th March
120 days max to hearing decision means early July latest , take out 2-3 weeks for the last appeal and we should be getting to the 120 day mark by end this month or early August. after the 120 days, should they require more time, then a further 60 days extenstion will be allowed. There will be official news release to say that.

PMO by year end will have a independent assessment of the Zama reserves.
In addition Talos and Pemex will have the unitsation of the the field resolved according to the operators timeline.
This asset can be sold or farmed down or kept , leaving PMO with some very material options to either reduce debt a bit or significanly below x2 EBITA .
They could also have agreed farmin terms with a partner and mitigated their risk and included that in the ECA application , there is no reason they could not do that with a ECA country partner to again increase the chance of another foreign ECA taking on the loan .
Great find Mogger by the way. You are truly the ferret king.
That must be part of the experts reports PMO submitting, I'm sure there are many more, re housing, transport,rota's. etc.

Application and well result due , hopefully both this week, cheap as chips pending those events.

What is the upside ? , I suspect you wont answer that !

Well Fecm,
We should have a double whammy of funding application confirmed and well result .

Nice one mogger, next week it is then

a very good chance to top up on weakness today .

Interesting they say "Agencies" instead of UKEF alone ?
The loan may be spread out between other ECA's .

300 to 400 boepd , if the next well produces 100boepd a day to RKH is imo very material.

From Annual results : Production from the six development leases within the Abu Sennan concession increased during 2018 with production during the period averaging approximately 813 boepd net to Rockhopper .

From last update: As of 2 June 2019, the total gross production from Abu Sennan was 5,135 boepd (1,130 boepd net to RKH).

Add in the Italy production and I get those figures of 1130 from Egypt + 130boepd from Civita and Guendalina at 180boepd.
total all things being ok of 1440boepd acroos the board.

I estmate from annual results and last update that all production is roughly at 1440bpd.
This is excluding the latest well result .
On 2nd June they were drilling ahead at 1185m, having spudded on 26th May.
Should they have another find in the Bahariya formation , that could be very good as the formation seems to produce at higher rates then the Arc reservoir.
Seems that well results are only confirmed when they have tested and and after any production is brought online.
Even a further 100bpd increase becomes important.
So far from 2018 production there has been a 315bpd increase, excluding the current well.
At even a lowly $60pbo that's nearly $7m gross increase from last year again excluding the current well.

I estmate from annual results and last update that all production is roughly at 1440bpd.
This is excluding the latest well result .
On 2nd June they were drilling ahead at 1185m, having spudded on 26th May.
Should they have another find in the Bahariya formation , that could be very good as the formation seems to produce at higher rates then the Arc reservoir.
Seems that well results are only confirmed when they have tested and and after any production is brought online.
Even a further 100bpd increase becomes important.
So far from 2018 production there has been a 315bpd increase, excluding the current well.
At even a lowly $60pbo that's nearly $7m gross increase from last year again excluding the current well.

Somebody working very hard to keep it down , lets see if it stays that way.

Carrot, "Parkinson's law. Apparent work. Charade."
Word used is "underway " not apparent.

" Onshore logistics projects underway " - Presume we are talking arranging warehousing, accommodation, berthing for vessels,hardware , land purchase/ lease, regulatory requirements , etc.
FDP essentially complete and it was mentioned in the FIG documents that they note that Premier have exceeded the scope required.

Next week , PMO update and RKH well result due in the next couple of weeks as well.

No one knows what the outcome will be , but you are always assuring us that it will be a negative outcome.
What is certain is that italy have stalled and elongated the process and to submit the latest claim of non jusrisdiction 2 months after the final submissions will a negative for them , and were thus rejected by the tribunal whilst noting that late appeal.

As to the UKEF points you have bought up ;
Only applying to get a farmin partner !! ( so according to you they will only get a partner if they are seen to be applying )
Spending over a year+ going through the application with UkEF for show according to you.
"Premier just plays to win the time to cleanse its own balance sheet, so it can fund from a position of control" ( So spend countless man hours , fees for experts, staff , lawers , FDP plans , setting up vendor finance and investment bank finance , all this to to give them time to celan up their balance sheet, which they are doing very nicely by the way. Yes , takes a bit of believing a FTSE 250 company is run this way doesn't it )

Fig for thier own part, a local government with limited resources is also a party to this charade according to you ( Yet, all the finds of plans and progress Mogger has found are also a charade)

The ICSID tribunal will now be very aware of the stalling tactics of the Italian Govt, lets hope they speed up the rest of the prrocess , they will have been working on it from the end of the last submissions , some 2 months before the latest stalling effort, so could be a lot earlier than end of the year.

$275 claim confirmed Carrot , fact !

According to you Carrot, this country stops working because of school holidays and will only start to work again when a new Prime minister is elected by the tories.

So every finanacial aspect of this country's function is on hold according to you, or does that only apply to RKH in your mind.

Your increasingly unfounded claims are getting increasely over the top .
Give it a rest.

https://www.kslaw.com/people/benjamin-williams?locale=en
King and Spalding lawer helping the lead , T.K Strange QC on the arbitration.

Note the amount of the claim in the "matters" page.

$275m is being claimed as quantum, confirmed by it being on his bio.

If successful it's going to be a lot more $15m dollars to RKH as the RKH research broker claims .

At P50 resource PMO' s share is 200mbo.

If valued at $4 oig per barrel that more than PMO's Market cap.

Valuations have gone mad ralative to assets and production, this is very significant for PMO, allows all sorts of positive permutations, including selling the asset to fund a substantial amount if in the very unlikely event EC funding is denied.

PMO must be a strong buy on this news .

If the Sealion project doesnt tick all the boxes from that excwllwnt find by mogger , I dont know what will.
The document reads exactly exactly as per all we know about the Ec application so far, Vendor finance, investment Bank finance and Ec to bring it all together.

Sound like they ECA want to do deals with UK companies more than ever.

GS,

I would have thought Jurisdiction ,if agreed or delicned can be establisehd within the 120 days.

IF, jurisdiction is declined then that is the decision which is made within the 120 days allocated.

Becasue jurisdiction and quantum have been submitted together, surely one follows the other if jurisdiction is agreed by the tribunal.

ANWNF does not guarantee a positive or negative outcome.

It all depends on what the arguments are and whats covered under the charter.
We will know witnin 40 days one way or another as they will have to notify parties if they need an extension of a further 60 days and that will be made public.