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Yes GS, I'd meant to ask the same question and whether any of our board were prepared to reduce their remuneration package in order to conserve cash at such a critical point.

If they really believe this project is going to fly, (which perhaps they could help influence by a bit of belt tightening now), then they'd know that any sacrifice now would be more than repaid by the success of sanctioning SL and then the rest of the NFB and perhaps even more after that.

Did anyone ask this, or perhaps raise it during informal discussions?

On balance, I'd say the prospects of EC funding are quite reasonable, as long as PoO holds up.

The recent attacks on oil tankers in the Gulf of Iran will have helped decision makers to be a bit more positive and as both FIG & HMG stand to benefit from any funding agreement, I'd say that the prospects are quite good.

It's just the delays that have become tedious.

Nigoil - WHERE ARE YOU?

Big thanks to those who attended and have given their account of events.
I'm pretty fed-up about not being able to go - the first time for a few years, so your reports about today are much appreciated.

I have this growing concern that, if EC funding is declined, an unscrupulous predator is going to wait for the right moment to take-out RKH for a song, when the remaining shareholders will be pleased to accept whatever's on offer.

FEED and the important costing's been done, so they'll just pick it up and run, while we just pick up what's been scattered on the ground for us to keep us quiet.

Nigoil - where's your BS now?

There are no doubt other funding options, but the importance of the EC funding is that it inspires confidence with other partners and would-be partners, so it's more than just the sum of money involved.

Agreed Yanbu - whoever negotiated the PMO deal probably was responsible for the fantastic Eirik Raude contract, which Fiona said had been such a success!

While I'm sure the naysayers are absolutely right: this dog is going nowhere and is doomed, which is why they continue to hold the shares, but you have to marvel at their cynicism.
Even when presented with some quite positive and irrefutable news, they still manage to pour scorn on it - clearly these are the people who'll never be pleased by anything.

Carrot, you're missing the point I was making, which is that they excuse not buying shares because they were subject to closed periods

That directors have bought so few shares needs to be asked again at this year's AGM and those attending MUST NOT just be fobbed-off with the same old reply that they were in closed period.

As many here have said, they can't have been continuously in a closed period, otherwise there'd have been some interesting RNS announcements resulting in that time.
Some of these alleged closed periods are ancient history now, so they should be able to give some solid examples.

So, please, if you're attending the meeting, don't just ask the question, but don't be put off standing your ground by an assertive/patronising/cocky chairman.

I'd like to see them squirm a bit.

Glamrock disappeared?

Fallen off their ramp?

I can't believe I'm reading such utter rubbish when there's so much that could be discussed.

So Glamrock says: "I find it amusing for them to claim that I'm you and you're me. Sounds paranoid to me", having only just posted that carrot and I are the same person.

Think I'm going to give this a miss, as the lunatics have taken over the asylum.

So I'm "a boiler room shorter" am I?

I've heard it all now. What a wally!

So I'm "a boiler room shorter" am I?

I've heard it all now.

Yes, good find, but it doesn't really add much to our understanding.

If this region is worth what is believed, then we're not the only ones keeping an eye on it.

As well as a possible:
- PoO wobbles,
- climate change scares spooking investment in fossil fuels,
- PMO perhaps having funding delays,
- shareholders getting even more impatient and worried and
- perhaps the Peronists getting back in, putting a damper of improving relationships,

there are plenty of grey clouds around to provide one of those sharks an opportune moment to try and grab this lot on the cheap, to exploit one big new region, with top quality oil and gas before it's too late.

The continued preparations by the FIG would only make such a move easier for that predator.
While the FIG may have its preferred partners for this project, in the end they're probably more interested in the money it would generate, before having to rely on squid and tourists again.

I don't think it's going to be cancelled, but maybe not come to fruition in quite the way that many anticipated.

Times have changed and with climate change action gathering momentum, this sort of project is no longer as attractive to funding as it was in 2010 when SL was discovered. PMO are going to struggle on their own, amply illustrated by TD’s body language with Malcy. However, that much high quality oil isn’t going to stay under the sea, and my view is that one or the other, or possibly even both, is/are going to be taken out. This isn’t a tea party, but seriously high stakes gambling and if someone does so, it’s going to be, say, when the PoO takes a bit of a dip, PMO look as though they’re struggling to get funding, shareholders are even more ****ed-off, etc. and the predator will pounce. Any ECT arbitration award will be critical to RKH’s survival and/or take-out value. Therefore, if your average price is below, say, 40-50p, you’ll do okay, but not the 10 to 12-bagger some had hoped for. Of course PMO could still get that EC funding, PoO could stay strong(ish) and Nigoil’s predictions for FID & sanction this year could come true, but in his interview with Malcy, TD didn’t look as though he believed it - he rarely looked Malcy in the eye during the whole thing.

Sorry, you've lost me now - doesn't make sense.

We (and TD himself) now know that TD shouldn't have said that FID would be announced by Feb 2019, because it didn't happen.

So when you repeatedly post such things as: "P.S. FID and Project Sanction of Sealion 2019 - STRONG BUY", why should we believe you any more than the CEO of PMO?

All I'm asking is for some evidence of your confidence. When you can't produce it, you get abusive, exactly like Ralphy, POllie Parrot, carrot, Kurgan, etc.

You were the one who complained that some people may have made investment decisions on their misinformation.

So, if you can't substantiate your posts, please don't make them - that's all.

Being abusive only makes you look even less credible.
Looks like you're someone who has to be praised and complimented all the time.

Ah, so now we have it, you really ARE just the windbag ramper, who is unable to substantiate your posts.

Don't thnk that's a satisfactory answer.

If you're going to lock horns with Ralphy, POllie Parrot, carrot, etc., criticising their inane posts, you're going to have to do a lot better than that to retain any credibility.

Nigoil: "Ovets, just for the record, I put you in the same pod as carroteater. Trust no one is my moto, and always do your own research! ;-)"
I still haven't decided if this is an insult, or a compliment - any clues?

BTW, while a bit of positivity is welcome, you might substantiate your posts. I can tell you that I'm getting a bit tired of your outright statements with little or no evidence to support them.
If TD can make similar positive statements (e.g. FID will be announced by Feb 2019), which then don't materialise, why should anyone believe you?