RE: Sound Advice from Cyan2 on RKH Board 17-08-2019 09.256 Nov 2022 11:51
" fairly certain that FIG reserve the right to pull the licenses if there is any change of ownership to RKH and the Tax Settlement Deed would also be tripped. HMG might also take a dim view of any bid. BTW I do not accept that Navitas poses any threat. I would be amazed if the company lawyers have not inserted a 'No hostile bid' clause into the Farm In Agreement"
TBH everyone (FIG, HMG etc) would be really pleased to see the back of RKH as long as they are replaced by a decent outfit that can afford to pay the bills. There is no place for minnows in developments that will run over £ 500 mm - they constantly have financial problems. What LTH's want is a decent price for the asset.
they offered 1.5 and I agreeit was all dodgy paper - but we've been diluted since and the price hovers around 2p if we're lucky - think its a great investment? Its full of day traders who sell into any spike to make a few quid
25 Feb 2022 23:45 I stood next to these fekers.??They used me. I'm so sorry if I lost anyone any money through my pictures. I trusted the ****s Gideons Posted in: UKOG Posts: 743 Price: 0.113 No Opinion RE: Placing is coming 25 Feb 2022 23:41 I think to myself.??I spent so much . Not knowing I was wasting my time on crooks. I got so sad I fell for Their BS. I lead othes on.??I'm determined to not let SS and his gang get away with it again.??Sorry Ade
" value will always win out in the end regardless of day traders etc, t"
OK the last three months has seen this stock struggle to stay above 2p - that presumably is an indicator of the "long term value"? Or is it being held back by trolls, the illuminati, and aliens?
"This share is so painful, just as you think it's rising it just hits a brick wall"
lots of day traders in and out every day - or every week . moment it rises they sell and buy back on the lows. LTI's stay clear of new investment as they don't trust the BoD - there have been a few surprises over the years here and people have long memories - and alternatives
"I think there's a few opportunities around to consolidate a few juniors around Aim, including the Wressle 3. "
This is true but other than maybe Igas the others only bring small amounts of production and a lot of issues. And do you really want to be only in the UK - no fraccing , a Labour Govt on the medium term horizon. Offshore is expensive and risky for small oilers (see Europa's latest venture).
"t I've not read anything about the potential of further production wells in HUR's acreage. There must be a wealth of knowledge about drilling and production from these fractured areas by now. Can any value be attached to this potential"
there is a lot known and it just proves what a lot of people thought when Trice was in charge. It is a highly risky reservoir, it's hard to calculate Oil in Place and almost impossible to be certain about recovery factors. There are water issues. Essentially the rock is shattered and they can't image all the fractures - some produce oil, others water. Its a punt which you get.
there are a lot easier ways to lose money in the UK offshore