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I don’t quite agree with your comparisons with Argentina and Russia. I know this won’t be the popular narrative we are being fed, but…
The US played a massive role in creating this problem, reneging on agreements that NATO would not expand and that Georgia, Ukraine and Belarus where red line countries to be kept as a buffer.
The US continues to feed arms instead of helping to negotiate a peace, remember it conspired to overthrow the previous government in Ukraine for a western leaning government. Bidens son is even involved in taking money from corrupt companies in Ukraine and the US democrats want revenge on Russia because Hilary Clinton lost to Trump and she blamed Russia, which ended up as complete lies.
You have to look beyond the main stream press for the truth. The US is fighting a proxy war with Russia and using Ukraine. Both the Us and Russia are to blame, but they have to come to the table. The rhetoric of a victory by both sides is nonsense. Ukraine is now a mess and will be for a long time, in my opinion.
Until common sense prevails

I may be dead by then, I’m not getting any younger, so this oil better start flowing soon lol

Good luck all

https://icsid.worldbank.org/services/arbitration/convention/process/award

Cam across this when searching “render award”, not sure if it helps but looks like tribunal have closed on listening to any more arguments and the award is binding, like it says should be July. I have always believed that RKH will get a pay out.

1. Why did both parties enter arbitration if they didn’t believe there was a case
2. Why did the law firm take it on as a no win no fee
3. Why has the Italian government played every card to subsequently delay or refute the claim at all since entering arbitration

To me it points to RKH win and win big

Good luck all

Yes I read the whole case document https://www.italaw.com/sites/default/files/case-documents/italaw10646_0.pdf

Basically the Italian representatives get slapped back down at every objection they raise the final few bullets summarise it all. The more I read, the more I’ve award will be made to Rockhopper, it’s just whether the EU has some final delay tactics in making the award enforceable, because there are other claims in the pipeline as well.

Being searching on more detail on who is actually fighting on both sides for the OM arbitration. Came across this article
https://chambers.com/department/king-spalding-llp-international-arbitration-commercial-arbitration-uk-1:2717:11805:1:3635

Looks like these guys have got their top people on the $400M rockhopper arbitration case.

Also an article on the Italian governments legal representative , reading his views it looks like even if Rockhopper get awarded (looks highly likely) he may try and seek EU support to not recognise the award. Sounds like it then has to go to another independent judge to make a final decision if I read this correctly. Anyway, my take was Rockhopper most likely to win, but Italy will do all they can to stall further post award. Hence why plan B is required for funding to keep the lights on.

I do think OM decision will be announce in the “next few weeks”, meaning mid May latest.

The shenanigans have been done I believe and now we are in the more solid part of the process. Sam will need a plan B hence probably lining up some funding / dilution around the current price. I would prefer option given to current share holders to buy in at a discount but as we know shareholder value hasn’t been RKH strong point

There may be a price already set / being discussed for an investor buy in to help with liquidity in my opinion. This will hold the price down until it’s announced. Of OM really did come in then the need for capital raising may not be an issue, but depends on cash flow. I’m really a bit surprised that Navitas are loaning all this money to RKH, but in the short term RKH needs some working capital? Why don’t Navitas just give them a short term loan as part of the agreement?

Rogue trader called it, one Sealion phase 1 alone!!!!

Train calling at all points north

Derampers getting burned , love it

Good news always brings out the likes of him/her.

The long term investors know the significance of these, RKH is a 36x bagger just based off Sealion phase 1 profits alone.

This fool knows nothing

Good luck all, the train is leaving….finally

I have marked April 23rd as Godders Day, the day he predicts RKH will be insolvent.

The day will be started with much grinding of teeth by Godders and end with “we are all doomed” messages…wait that is like any other day.

Sorry an autocorrect, should have been “36x based off the profits” not “ten profits”

According to Rogue trader, current mkt cap has. 36x potential just based off ten profits of phase 1 Sea lion. Now add the other fields.

Downside is we probably run out of cash by end of September, so the Navitas agreement or OM settlement will be needed by then to avoid dilution, but my money is on the deal is done with Navitas, just dotting iis and crossing tts.

Good luck all

A new ice age and worldwide starvation: In the 1960s and ’70s, top mainstream media outlets, such as Newsweek above, hyped the imminent global-cooling apocalypse. Even as late as the early 1980s, prominent voices still warned of potential doomsday scenarios owing to man-made cooling, ranging from mass starvation caused by cooling-induced crop failures to another “Ice Age” that would kill most of mankind.

Among the top global-cooling theorists were Obama’s current “science czar” John Holdren and Paul Ehrlich, the author of Population Bomb, which predicted mass starvation worldwide. In the 1971 textbook Global Ecology, the duo warned that overpopulation and pollution would produce a new ice age, claiming that human activities are “said to be responsible for the present world cooling trend.” The pair fingered “jet exhausts” and “man-made changes in the reflectivity of the earth’s surface through urbanization, deforestation, and the enlargement of deserts” as potential triggers for his new ice age. They worried that the man-made cooling might produce an “outward slumping in the Antarctic ice cap” and “generate a tidal wave of proportions unprecedented in recorded history.”

Holdren predicted that a billion people would die in “carbon-dioxide induced famines” as part of a new “Ice Age” by the year 2020.

Ehrlich, a professor at Stanford University, similarly claimed in a 1971 speech at the British Institute for Biology, “By the year 2000 the United Kingdom will be simply a small group of impoverished islands, inhabited by some 70 million hungry people.” He added, “If I were a gambler, I would take even money that England will not exist in the year 2000 and give ten to one that the life of the average Briton would be of distinctly lower quality than it is today.”

Well England does exist but he was probably right about the lower quality of life lol
So believe the same types of scientists at your peril, and ask what is in it for them ?

Here is an extract from an article written about the experience of a UN scientist who quit because of what he found happening in the UN.

“This essential gas, required by plants and exhaled by people, makes up a fraction of onepercent of all so-called greenhouse gases present naturally in the atmosphere. “Absolutely not,”Mörner said about the CO2 argument, noting there was “something basically sick” in the blame-CO2 hypothesis. “CO2, if it has any effect, it is minute — it does not matter. What has a bigeffect is the sun.”Obviously, while he was serving on the UN IPCC, Mörner tried to warn his colleagues on the UNbody that the politically backed hypothesis about CO2 driving temperature changes, and thesubsequent claims regarding dangerous sea-level rise, were totally incorrect. “They just ignoredwhat I was saying,” he recounted. “If they were clever — if they had facts on their hands — theycould show that, 'no, you're wrong.' But that is not the case. They just will not discuss it. I will tryto discuss it. I will show with their own data that they are wrong. Because in science, we discuss.We don't forbid or neglect.”When asked about the frequently repeated (and easily debunked) claims of an alleged 97-percent consensus supporting the man-made global-warming hypothesis, Mörner said it wassimply not true — and even if it were, it would be irrelevant. “Why does anybody say somethingwhen it is not correct?” he asked. “They say it because they have applied excellent lobbyists.They are working with lobbyists in their hand; 'say this, do that.' We don't do that.” In the field ofphysics, Mörner estimated that 80 to 90 percent of physicists know the hypothesis is wrong. Andamong geologists and astronomers, he said probably 80 percent know it is wrong.“

Oh and as for the IPCC, the same body who deliberately used a portion of a graph showing an increase in global temperatures to support their story, when the extended graph was shown, no global increase was shown over the period.
So I tend not to trust such organisations which usually have good intentions but political and business sponsors.

All imho, dyor, no polar bears where hurt during the making of this message

So called “green energy”, I’m a conspiracy theorist. Yes one of those people mainstream (which is run by money and politicians) call a complete nut job.
I remember back in the 70s when the scientists said we are heading for an ice age within the next decades. 30 years later and we going to be a fire ball and polar bears gone…(they seem to tug on heart strings for sme reasons…I blame the foxes glacier mint).
Around the year 2,000 less than 50% of scientists believed in global warming, now carefully rebranded as “climate change”. How dumb is that title …the climate is always changing? Now with political and media influence it’s about 90%. Remember these scientists have to be believe it’s either heating up or cooling down or they have nothing to do.
The big earners from green energy are the businesses and governments who gave subsidies to these new technologies and I can’t believe the materials and costs and maintenance and the sheer ugliness of an off shore windmill is less costly on the planet that fossil fuels.
Batteries use very rare and difficult to extract minerals and guess what they need energy from somewhere to store. I feel we all being misled. The Sun has much greater impact on the Earth than man, even though we are doing a good job of making a mess of it. 10% of the richest people are responsible for 45% of the consumption, address that and you have your answer.
Fossil fuels will be needed and price of oil will remain high for the foreseeable all in my crazy opinion.

I see the MMs are reluctant to drop the ask so they drop the bid creating insane spread.

The heads of terms or letter of intent is agreed. This is the principle of the transactions, but heads of terms agreement isn’t legally binding but a kind of a record of what they have commercially negotiated and agree on. They then have to convert this into legally binding document(s), that’s the delay.
During the conversion sometimes smaller points are raised to protect each other’s positions as they start to think more about any risks, but the commercial agreement is already done, it’s just process and we know how those legal people work ??

You know we all been there, kids are playing up, wife is nagging, you are late for work and then you remember that important document that was due for signing yesterday. You scramble around the inside pocket of your jacket pull out your trusty biro and guess what… the damn thing is out of ink.

You look in all the usual places but can’t find a pen anywhere, not even down back of sofa. You consider using your wife’s lipstick, but decide it will be too messy.

Good job your keyboard is still working so you make your excuses using your phone text on the way to work and order a box of 10 pens from Amazon, hoping they arrive in a month.

Oh if Carlsberg did RNS's the above would be the result!!!!!!!
Classic, ……well it is April fools day as well…..the stars are aligning!!!

Oh expect the usual jesters to appear tomorrow saying no RNS, I told ya so.
I’ll just keep sipping on my carlsberg and keep the dream alive in my head, because what else would the most interesting men in the world do…oh yeah…Dos Equis…that’s another drink I’ll be needing