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Pre2crd : All the flippers will have lost their shares by now. It is time for the RKH price to reflect news. Been a while.

NVPT has touched a new 52 week high 3500

Patience.

"what would be the expected dividends per year"

This is not a dividend payout company.

Patience.

"The big money is not in the buying or the selling, but in the waiting.", Charlie Munger.

2035: £25

Patience

Good to formally know that UK will not guarantee. FIG can slash the royalty as they can't help with financing.

Israeli money can finance Sea Lion. Israeli markets financed Shenandoah.

Patience

NVPT closed at the 52 week high 3,393.00 yesterday. Until new institutions buy into RKH, the RKH share price will remain as is. After years of that fruitless JV with Premier, sadly RKH has no credibility left with any institutions. News does not help share price (yet). Wait for first oil or takeout. Mispriced. Cheap given the news.

Patience.

From 2022 to 2024, the research analysts were WRONG about their (bullish) year end oil price predictions. (Although their own trading desks made profits!) This year, the research analyst narrative about oil prices is bearish.

Mispriced, strong buy.

Patience

When you look back from the year of first oil, the year of FID will not matter.

Will there be first oil with Navitas? Yes.

50% FID 2024

50% FID 2025

Patience.

"We are hopeful that this new funding will largely or entirely fulfil our equity requirements for Sea Lion which will only become clear once the project and financing have been finalised."

RKH rushed to monetize even before the annulment hearings commenced. Why?

No there is no real price. This is an illiquid share. You own a sliver of a startup oil explorer without finance yet. Similar to a very long dated call option on oil.

True price will be discovered at first oil.

Mispriced. Cheap. Strong buy.

Patience.

As Shenandoah nears first oil, Beacon announces FID at Winterfell.

https://www.beaconoffshore.com/media

Signals what Navitas would also do.

Patience

This share price is hostage to illiquidity. Also, institutional apathy to small cap UK E&P. News did not move the RKH share price for two years, and news will not move the price now. Chances to take profits only at first oil, or at the inevitable takeout. Mispriced. Strong Buy.

At max, up 20% to 25% in 2024.

Patience.

Sea Lion must get more focus from Navitas after the 4th Shenandoah Development Drilling completes (planned June?)

There should be one more allocation remaining. Unlikely that this is the final number of warrants that were exercised. I may be wrong. Maybe someone check with RKH. Quite odd that more than 20 million were not taken up.

A takeout of RKH is too complicated to attempt. Other targets are easier.

(Harbour Energy found Wintershall DEA, for example.)

Trust Gideon. For share price, wait for a few years until first oil.

Patience.

NVPT has touched 3300 today. Up more than 2x since their March results last year. More due to Shenandoah. Market rewards Navitas because it meets guidance.

Alas RKH has exhausted credibility with institutions. That too will change, with first oil. Until then.

Patience.

13p by 31 Dec 2024

+25% at similar trade volumes. Doesn't yet tick boxes for new institutional buying.

RKH ended 2021 at 8p, moved up 2p in 2 years, not knowing these RNS releases in 2022 and 2023.

June-July 2022, Placing and Subscription, Open Offer

July 2022, 2-year extension, NFB Licenses run until 1 November 2024

Sep 2022, Navitas Transaction Completion

Nov 2022, SFB licenses extended until December 2024

March 2023, NSAI shows reduced upfront capex, reduced life of field costs, and increased recoverable resources

Dec 2023, Monetisation of Ombrina Mare Arbitration Award, provides near-term certainty for Rockhopper

Dec 2023, CEO exercises Warrants to own 0.79% of Issued Share Capital

Today, there is certainty.

2024 looks bright.

Patience.

"potential bid target"

Domestic bonds on TASE will not need the UK Gov Guarantee. A commercial matter for an Israeli operator, rightly. FIG can slash royalty if they can't help with the bonds. Those gents on the TV read a planted script.

Patience.

HMG will not help. Yet.

But.

FIG can slash royalty. Maybe.

Patience.