Member Info for MoodyBlue14-10-2

DDW Offshore... he'll be away drinking "anchor" beer with the cellarman soon.

GLA

Formation lap then... "it's lights out and away we go !"

GLA

Great recovery profile for Navitas from around lunchtime to close of play.

GLA

On 10th Oct I posted a guesstimate to the question below. Hopefully I'm a week too late. Happy to be wrong on this one. GLA.

"As it’s quiet now how about let’s guess the FID RNS date?"

I'll go with Sunday 16th Nov as Navitas will be working Sun-Thu followed up by an RKH RNS acknowledging the Operator's announcement on the Monday. Hopefully plenty of good insights to mull over on the Sunday evening.

Here's hoping the reason for performance related options are evident this week or next then. I don't grudge Sam and his team a payday if they can demonstrate we are also realising the benefit of "creating shareholder value".

Rockhopper Exploration plc Long Term Incentive Plan (LTIP) 2013:

Objective: The 2013 LTIP was designed to reward senior management for good financial results and to enhance long-term rewards, focusing on creating shareholder value.

Vesting Conditions: Awards typically had a three-year performance period and were subject to meeting specific performance criteria, primarily based on the Company's Total Shareholder Return (TSR) relative to a peer group of companies.

Exercise: Once vested, the options were normally exercisable for a period of seven years.

Status: The ability to grant new awards under the 2013 LTIP terminated in 2023. However, existing, previously granted options under this plan remain exercisable until their expiry dates.

Rockhopper Exploration plc Share Option Plan 2020:

Objective: This plan is part of the company's broader "Employee Share Schemes" and was implemented to help re-balance executive director remuneration from cash to equity, ensuring the retention of key staff.

Vesting Conditions: Specific details for the 2020 plan are less explicit in the provided sources, but it functions similarly to other company share option plans. These typically involve options being granted with an exercise price at least equal to the market value of the shares at the time of grant and usually have a vesting period (often three years).

Exercise: Options under this plan are currently being exercised by employees, leading to the issuance of new ordinary shares. The company has made applications for blocklistings to provide sufficient shares to satisfy the exercise of options under this plan and the 2013 LTIP.

In summary, both plans are mechanisms for granting equity-based incentives, but the 2013 plan focused specifically on performance conditions (TSR) over a set period, while the 2020 plan appears to be a more general share option scheme aimed at long-term employee retention and aligning compensation with company performance.

"Is something happening on the 6th as someone has suggested?"

Apologies Mogger, I haven't browsed the PDF's. Is there a time bound reference to the 6th in the docs ?

GLA

*LTIPs

To cater for LITPs. Was hoping it was catering for post FID options.

GLA

But wouldn't a series of positive RNS's render the TA data irrelevant and should we be wary of MM's triggering flash crashes in order to hoover up shares on the cheap? Genuine question from a relative newbie to SML with a majority held in RKH.

GLA

Toda raba Ladigue, kol hakavod.

GLA

Thanks for the link.

A bump back to the top to get back on topic. Hopefully Navitas output of the meeting proves for an exciting couple of weeks ahead.

GLA

Surely 0.83p lol

The Company considers it important that existing Shareholders who are not participating in the Placing are given an opportunity to acquire new Ordinary Shares at 53 pence. The Company therefore confirms its intention to provide existing Shareholders with the opportunity to subscribe for new Ordinary Shares at 53 pence pursuant to an Open Offer to be announced on or around the date of Admission, which is currently expected to occur by the end of 2025. Pursuant to the Open Offer, the Company will seek to raise gross proceeds of up to €8 million (approximately US$9.2 million).

...and a copper asset in Oz that's up for sale too. Fully funded and 50% govt. backed apparently. Multiple sample tests due before Xmas and their equivalent of a CPR due in Q1. Still 90% holding in RKH though. Roll on FID. Tick follows tock...

GLA

Thanks for a timely overview of the scenarios that could play out. An exciting couple of weeks (or days) ahead.

Always a good sign when Marlon contemplates the road ahead and posts both sides of the scenarios as a catalyst for thoughtful discussions rather that some of the drivel and hidden agendas that sometimes feature, more often during the news vacuum.

Here's to a resounding "Bottoms Up" for all involved in the not too distant future. Well, not too distant considering the time that's past from the good old Ocean Guardian days of frequent spuds and data analysis.

Cheers Bkb and LTT - Your insights are appreciated as always.

GLA.

"There's got to be some investment opportunities that are Falklands based because of this"

Thoughts from anyone on FIH ? Seem to remember their name getting bounced around on iii but then rumours of poor management and not capitalising on opportunities.

GLA

He also warned the US shale boom that had flooded the world with oil for a decade and a half was unlikely to be repeated.

“Eighty to 90 per cent of growth came from shale,” he said. “If you look at the next 15 years, shale is most likely to plateau and decline. Where are you going to bring the additional barrels to meet the demand?”

Happy et al would try to convince you otherwise in their short sighted +/- a few days outlook horizon to get your shares off you on the cheap.

GLA

"We had a decade . . . where people didn’t explore. It’s going to have an impact,” Nasser told the Financial Times. “If it doesn’t happen, there will be a supply crunch.”

"We monitor final investment decisions and you can see a big drop in decisions and projects that are coming into the market,” Nasser said, adding that Aramco was spending $1bn-$2bn annually on exploration.

“For us, it’s strategic. We’re exploring and adding significant amounts of reserves.”

Vicki Hollub, chief executive of Occidental Petroleum, told the London conference that only a quarter of the world’s annual oil consumption was being replaced through new discoveries.

“It’s not just investment that’s the problem, it’s finding the bigger reservoirs,” she said, adding that ExxonMobil’s giant discovery in Guyana would only meet a small slice of global oil demand.

“When you have the best discovery that has been made in the past couple of decades producing only enough to cover one-third of the demand in one year, that’s a big issue.”

Saudi Aramco chief warns of global oil shortage if industry fails to invest. Amin Nasser predicts ‘supply crunch’ unless energy companies return to exploration and find new reserves.

https://www.ft.com/content/698b826a-8d14-4eef-bca6-f84634965080

GLA