"In October 2018, we entered into a front-end engineering and design or FEED contract and frame agreement with Premier Oil Exploration and Production Limited, in relation to the Subsea Production Systems for the Sea Lion Phase I development located offshore the Falkland Islands. This project has continued to move forward toward project sanction, and we continue to work with Premier on post-FEED clarification and project development to conclude fully termed contract agreements for project execution. We are encouraged that this project continues to move forward" https://www.fool.com/earnings/call-transcripts/2020/02/28/dril-quip-drq-q4-2019-earnings-call-transcript.aspx
Godders, I wouldn't place any validity on a scanned image of a supposed copy of any account. Both you and I would be wasting our time setting up throwaway accounts. What I find absolutely incredulous is that "a graduate accountant" can't work out a simple average just because they have changed accounts. It's total spend / number of shares you hold. The problem you have is that you have changed both of those numbers consistently over the last year. Rockhopper has and continues to do well from the MOG acquisition. The ICSID award would be the icing on the cake. I always sit at the back row of AGMs I hope that keeps you quiet for a bit
Fecm, I have my views/ thoughts from various sources but with the insider trading police in full swing today I think I will leave it there. My query was Nigoil (and others) thought it was as easy as adding 120 days from the last hearing. I wasn't so sure as I don't think merit/quantum could be completed by post hearing briefs. I believe another hearing needs to take place. Edison have updated their Rockhopper brief and now say 3-6 months. I think it will be sooner.
Godders, Of course not, although you were willing to send to anonymous members of this forum who could then have posted onto an image sharing platform. Interesting. Have you worked out your average yet?
Paul, You are correct - but I was under the impression that the award would be part of a hearing. If Auson/IR is correct and that all representations have concluded then an announcement may be "imminent!"
Nigoil, As has been mentioned before, I hope that if there has been a settlement of of court that the money arrives in our bank before anything has been signed!. Having the security of an ICSID verdict/award is worth a lot
Auson, If IR has said that there are no more representations then that is information that I wasn't aware of. That information is certainly not in the public domain. The transcript from the June hearing states that the merit and award would be dealt with separately and I was expecting a hearing to that effect. If the 120 day was as easy to calculate as to just adding 120 days to 30th Oct, I wonder why the RNS states Q1?
Nigoil You wrote "ICSID have 120 days as from 30th October 2019 to give the OM ruling, simples! Saturday 28th February 2020 is the 120th day!" That is not true. "Once the presentation of the case is completed, the proceeding is declared closed and the award must be signed in the next 120 days, with the possibility of an extension of 60 days (Arbitration Rule 38 and 46)."
The only part of the case that has we know has been decided upon is that of jurisdiction. Only after liability and quantum has been decided will it go to award. That is when the 120 days kicks in