Member Info for Nastynick

“I hope things happen quicker than that, but almost certainly 2026/2027 is probably the best case to first oil. I thought it would be 2015!”

If we can just invite time travel before then…..where is my flux capacitor when I need it

Then use it for garbled posts?

Big red, no need to name call me. It just gets boring with you and garbled arguing over how he invested and if it’s true. I’ve seen his posts for many years, at end of day I don’t blame anyone for my investment decisions but me. I don’t care what garbled has or hasn’t done. I don’t think people need reminding to DYOR in every post. Be good if we got some other discussion going. I know it’s bit ground hog until OM or FID, but sometimes a knowledgable oil person teaches me something I find useful
DYOR, just a hunch matey or the other stuff you always end with

My average is sadly 48p, long term holder from the DES days, 35 years later and sitting on quite a loss, could have been a millionaire if I’d bought something else of course. To recover all that time and money would need this share to get to £1 minimum, I’m still deluded enough to think it will….I guess it will be my epitaph / grave stone
here he lies, bones and dust, sea lion untouched, rockhopper bust

You can’t sell off profits in warrants, the warrants are worthless until the sp is over 9p anyway.

I don’t see any profit from selling when the placing and OO was 7p and the sp now is at 7p???

What might happen is if the sp rises to say 10p there maybe some selling into this, we usually get stuck around 12p, not sure why but this is a level I can see the share rising to and then stalling unless some major news. My average is still over 40p , despite buying more than my allocation in the OO.
I’m not waiting after 35 years though to break even. I’m greedy, I ant this share trading in £s, many multiples of todays sp.
Then I’ll die vindicated

Good luck all

maybe date just moved from 6th July to 7th?
can’t remember original date but i think it was the 6th

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Latest time and date for receipt of completed Application Forms and payment in full from Qualifying Shareholders under the Open Offer or settlement of the relevant CREST instructions (as appropriate)................................................

11.00 a.m. on 4 July 2022

Results of the Open Offer expected to be announced through a Regulatory Information Service.........................................

5 July 2022

Second Admission and commencement of dealings in the Open Offer Shares on AIM expected to commence............

8.00 a.m. on 7 July 2022

Expected date for CREST accounts to be credited with the Open Offer Shares and Open Offer Warrants in uncertificated form..................................................................................

As soon as practicable after 8.00 a.m. on 7 July 2022

Expected date for dispatch of definitive certificates in respect of the Open Offer Shares and Open Offer Warrants to be issued in certificated form..........................................

By 21 July 2022

what’s the second admission is that new? or anything to be concerned about

Hi Gordon,

I’m with ii, the Corporate Action is now updated as closed, the money I put into my account to cover not only my allocated subscription but additional requested shares has been taken.
So now I guess they are processing the applications. If I’m successful I believe i have the shares to trade on 6th of July, if not they reimburse me with the cash for the shares I was unsuccessful in applying for. I think that reimbursement can take a few weeks.

Hope that helps in some way

Second thought is what are the chances we get bought, just before or more likely after FID?

As an “exploration company”, we haven’t explored anything for many years. So does Rockhopper sell off its production interests and explores something else? Sell up completely and Sam just takes a nice cheque and some kind cut of profits going forward? Seat at the hob nobs table etc.

If we are sold off let’s say after FID or around that time, what is the multiple on the sp the buyer would have to pay? 100 x , 200 x 300 x?

Then I will be buying the 9p warrants for sure lol

Agreed ovetts the timing makes no sense.

When end of 2023 comes the sp needs to be above the warrant price of 9p or there is obviously no point in buying them. This share has a history of disappointing on many levels, but especially meeting any deadlines or dates they set.
Navitas may be the saviours here, but I’m not convinced they have any silver bullets to speed this tedious process along. Therefore, unless OM comes in VERY good (which I expect we get something) or there is some other positive news along the way, the sp will probably bump along in a range not dissimilar to the last year or so. As 2023 progresses and the jungle drums say Navitas are collecting investors, maybe there will be a gradual return of confidence and some sp movement, rather than a Big Bang when FID announced.

It’s aim so there always seems to be some fund or MM selling us off just when we think we are due a rerating. It always seems highly manipulated at the PIs expense.
Bottom line is ..for gods sake get this FID over the finish line

Watch the video and you will see Sam say Navitas are talking about FID in 24 and it’s usually 2 and a half years from FID to first oil

I didn’t come up with anything myself, I’m just relaying what I heard, did I hear it right ?

Before I thought FID was 23 and first oil I didn’t know, but I didn’t think it would take another 2.5 years

Navitas no5 navigator….stupid autocorrect

Ok from the AGM presentation. Sam said that Navigator were talking about FID in 2024 and from FID to first oil was 2 and a half years, so on that basis is 2027, jeezus, this game is slow. If its 2027 that is 40 years since I bought my first “get rich quick” shares in desire petroleum.
Wow, hindsight is a wonderful thing, half life time and a big paper loss later and we still waiting on the cursed oil to be brought up.
I thought FID and first oil would be much quicker than Sam is now saying, disappointed to be honest

What year is it now ffs
I’m getting closer to meeting my maker lol

Sorry I made a typo mistake you can buy 1 share in the OO for every 8 (EIGHT) you own

Hey,

I am a long term holder from original desire pet as well but back in the 80s, so my pain is just as bad. My average is still multiples of todays price despite buying in at numerous levels.
The OO allows you to buy 1 share for every share you own at 7p, which is the current sp. The carrot is that you can buy 1 share for every 2 you subscribe for in this offer at a fixed 9p at the end of 2023. You don’t have to buy them but if the sp rises above 9p is a no risk profit on those shares.
It depends who holds your shares, mine are with ii, you have to go into a tab called corporate action and it gives you the OO and your allowed subscription that you can amend and confirm or just ignore.
If you do nothing you get no more shares. If you take up the allocated subscriptions then you need to put the money in your account. You can also request additional shares from the OO, again cover these costs by putting money in the account to cover it. If you don’t get any or all the additional shares you request they will return any due money in a few weeks. I believe the new shares go live around the 6th or 9th July, it’s around those dates but I haven’t that data on my screen right now.
I have taken up the OO and requested additional shares because I don’t see much down side from here, then again I’ve been wrong before over the last 35 year lol

Good luck
DYOR IMHO etc

Exactly, this is why I raised the point a few days ago. I think it’s a disgrace not to highlight this to shareholders in a communication, but just bury it in the usual sea of tick boxes in the AGM

I noticed in the vote for the agenda items in the upcoming AGM, thee as votes for dissapplication of pre emptive rights.
My understanding is that preemptive rights means they have to come to existing share holders to offer new shares before they go elsewhere and offer them (at lower price) and hence dilute value for current share holders.
I’m not sure if this is always in the voting as I don’t usually vote. However I voted against this, as I would rather be given opportunity of a rights issue than someone else with nose in trough getting cheap shares.

As for Argentina I remember the Falklands War, fortunately I wasn’t in it. I do think a country has to show strength. Kirchner isn’t a person you can reason with. You would have to speak with someone more reasonable not about a settlement but about commercial agreements on the basis of win win for the Falklands and Argentina without giving up any sovereignty. There must be commercial things the Argentinians can do and benefit from to support oil industry.
Again it needs a good negotiator and unfortunately all we seem to get is very inept sabre rattlers on both sides. I despair at who actually gets to represent us in such matters.

Ralph - then we agree to disagree and that’s ok.
My ultimate concern is that innocent people are now victims of politicians. The US is not out to defend democracy, look at the mess made in Iraq and Afghanistan, they always have their own agenda, selling arms, getting oil or pushing their capitalist program of bring US businesses money. I’ve seen it my whole life time, when I was even in the military in the 80s during the Cold War serving in Germany with the usual propaganda that Russia was coming with nukes. I like to have a balanced view now and want peace settlement not pumping arms, this is grossly irresponsible and causing more deaths