Member Info for Ovets

No carrot, you've got it the wrong way round.
No one's "absolving themselves", as there's nothing to absolve.

What I'm pointing out are those who want to blame others for their own errors/stupidity/ignorance, so come here to moan and insult their supposedly fellow shareholders, whose main "sin" is to have bought their shares much cheaper.
As well as anger/frustration at their own errors, could part of the problem be envy?

Anyway, if someone hasn't lost a packet on a share, why should they say it's a "dog", when for them it isn't?

It's a bit like when you find out that the passengers sharing your cruise dinner table only paid a tiny fraction of what you paid AND they have a "state room" with a balcony - bloody annoying.

As I've already said, at the time I believe PJ genuinely believed listing on a senior market was possible.

Things have changed. As I said, it's exactly the same when you bought shares, believing a rise was imminent, but it didn't happen did it?

So you now say that it was the likes of PJ who were to blame for the error about the market listing AND it was the likes of PJ's fault that you bought-in at the wrong time.

So, whatever the issue, it's always someone else's fault, but never yours.

I think you need to do a bit of reading, including looking-up what "ramping" means - you and Awax can join Ollie and then maybe rejoin the discussion when you know what you're talking about.

No Godders, I wouldn't say I'm positive, I'm just not relentlessly negative.

When things are quiet, the sp just drifts, often down, with help from shorters and the frightened.

I see the necessary chain of events being something like:
- FEED completed with more accurate costings,
- Zama-1 appraisal complete and what that means to PMO's debt situation - even if they don't monetise it immediately, it'll be collateral for the SL funding exercise;
- Application for precise EC funding, once the above are known;
- EC funding approved;
- Std Chartered will then be able to finalise other funding partners, because EC funding will not only provide the remaining sum required for SL, but also give confidence to would-be funding participants that this is real;
- Std Chartered finalise funding for project;
- FID announced

Then there should be news from Egypt and we should be near to, or even at any ECT award announcement regarding the OM claim.

So right now, there's little to cheer about - a bit like waiting on a windswept rainy platform for the delayed train to arrive, with the passengers getting fed up, wet, cold and bickering about the expensive tickets they've bought, but when the train does arrive, it's something like a Pullman, or The Rocky Mountaineer - or at least that's what I'm hoping.
BUT, if it goes wrong, I'm the one to blame for my losses, not TD, or Sam, or anyone else.

If you consider just how important this is to all of us, what kind of an idiot are you posting bollox like this?
You clearly don't mind broadcasting to everyone what an ignorant buffoon you are, not paying attention to what's going on.

Just for the record, "No Deal" is leaving the EU without an agreed deal, which was scheduled for 11pm 29/3/2019, if no other deal could be agreed and approved beforehand. That would give the ERG what they want, including no more freedom of movement and trade on WTO terms. And that would be that as far as EU membership is concerned.

However, there IS a deal - May's deal, based on her so-called "Chequers Deal" from last year. That ends EU freedom of movement, but ties Britain closely to the EU's Customs Union, which fanatical Brexiteers don't like, but most of industry (UK and EU) wants.
This wouldn't be the final deal, but only the interim arrangement (the Withdrawal Agreement) until the full Brexit deal is negotiated, which is likely to take several years.

To prevent the "No Deal", EU leaders offered May two options late last night (they must be especially stupid to have wasted their time trying to find a solution to something that Awax says doesn't even exist):

1. Get your deal voted through Parliament next week (Meaningful Vote 3), assuming Bercow allows it, and the EU extends the deadline to 22/5/19, when we'll leave with May's Withdrawal Agreement. Then we have to start the real negotiations on the final deal, or

2. Fail to get your deal voted through Parliament and the EU gives us until 12/4/2019 to come back with an alternative proposal. If we fail to do that, then we crash out with Awax's imaginary "No Deal" as above. Otherwise we get a much longer extension (of as yet unspecified length), when we'll have to sort out the new/revised Brexit proposal AND participate in the EU elections.

Awax, I suggest you bugger off and learn about all this, instead of making a public tit of yourself.

Awax, you couldn't be more wrong - "no deal" was the legal default on 29/3/2019 if no other option was agreed - i.e. we leave the EU without a deal and rely on WTO rules for trade agreements.

That has now been superseded by 2 new options, but "no deal still exists":
- vote for May's deal next week ("Meaningful Vote 3"), thereby obtaining an extension until 22 May, or
- fail to vote for May's deal, in which case the Government has until 12 April to produce another proposal to EU leaders.

How can you possibly have misunderstood things so wrongly? No wonder people post utter bollox on this BB.

I agree, the Government, the Commons and the EU want to avoid "no deal", so if it does happen, it'll have been one of those accidents of history, which is very unlikely.

The only reason for retaining "no deal" was to be able to threaten to walk away from the negotiations, which is usually an essential part of any negotiation, but on this occasion, walking away would eventually lead to crashing-out without an agreement, so is not quite the "essential" negotiating option that some seem to believe, unless you're an ERG supporter, in which case you're bonkers!

Anyway, as far as RKH is concerned, I don't believe it matters.

The only impact I can see is that the Pound is likely to plummet - at least at the start and as oil is traded in $US, the "value" of oil reserves generally, in Pound Sterling will rise, but of course, that doesn't really translate into anything other than treading water.
But at least it preserves value, while everything else collapses. Until FID, I would see the sp staying much the same as it is now.

Your account ignores a considerable number of points that were beyond RKH's control.
Decisions were made, which now look questionable to poor to bad, but which at the time weren't so bad, like Godders buying @ 40p in the belief that FID would be announced by February.

Funny how you guys blame TD/SM/BoD for making wrong/poor decisions, when at the time they seemed OK, but when you guys make the wrong decision (e.g. buying more shares at the wrong price) then again, it's TD/SM/BoB's fault - seemingly they cannot get anything right for you guys.

Nice to be able to blame someone else for everything that goes wrong.

Like I said Godders, just relying on what TD said in August was unwise.

But it isn't over yet and before too long, 40p may not seem so bad.

BTW, Tuggy, just to point out that "Zara" is a Spanish clothing company

Actually Tuggy, what you're really sick of is being fingered as one of the daily moaners and, assuming you HAVE bet on RKH, being reminded of the misjudgements you've made by not following good investment policy and thereby losing money and hence all the moaning.

Otherwise, if you're not invested, then you're just one of the deramping clowns, who have no business to be posting anything here.

I'll remind everyone tomorrow that you're one of the posters not to be followed, unless they want to lose money.

If you really mean that you just made your investment decisions on what you were told by the BoD, then I understand better why you're bitter and twisted, but I still reckon it's largely down to you and no one else, particularly not your fellow shareholders here.

Of course you can make a blind bet on something, like betting on a horse because it has the same name as your mum, but most of us know the outcome of that sort of thing.
However, as well as listening to what the BoD have to say, what about:
- the long-term prospects of fossil fuels v. renewables when this company gets into production (assuming that ever happens) and the current mainstream opinions about this, which will affect share prices generally now;
- the logistics of setting up a new oil/gas region in the middle of nowhere;
- local politics, particularly if near neighbours are threatening to invade again;
- local taxation and other cost-related issues;
- the technology needed to deliver oil/gas from this region - is it available, what will it cost and is it in place?
- reading BBs and investment articles for any info, pro and con;
- intelligent interpretation of charts;
- what else could I bet on instead and how comparable companies are looking;
- betting against the herd - buying low (assuming you believe in the bet) and selling high;
- don't "fall in love" with a company/share;
- etc., etc.

That's just for starters - even then a bet is still a bet, even if you've done your homework.

I agree about FID - actually it was supposed to have been announced by February, so it's even worse than you say and I don't deny that.
I also agree that good management should have issued some sort of reassurance, otherwise people are bound to interpret the silence as concealed bad news.

I believe the EC funding (when & how much) is reliant on Zama-1 appraisal and TD referring to FEED was possibly to distract attention away from PMO's probable plan to monetise Zama, once its true value is known, then final application for EC funding, then other would-be investors will know what's left, so Tuggy's post about it being "well documented" is probably true when it comes to TD and the PMO BoD, but as far as being publicly "well documented", that's bollox and he knows it and why he can't produce it.

As for the rest of you, it may have been a "dog" and you may have lost money, but that's because you made bad investment decisions, so you've only got yurselves to blame - don't come here shouting at us. Fot me, it's not been a dog, so why should I say it is?

Maybe time for the daily reminder of the share bashers, who don't/can't substantiate their posts when asked:
Ollie, Ralph, carroteater,Tuggy, Godders, Bancos

Thanks carrot for proving my point - the "experts" only post negative views, never finding anything positive to say, which as well as being abnormal (most balanced people can see both positive & negative points), also makes one wonder why anyone, feeling so hostile/pessimistic, would waste their time posting stuff about a completely lost cause.

Actually, you allude to a good point, which is that initiating such a major project in such a remote location does necessitate some incentives, so yes indeed, tax rates initially will be relatively low, which means that PMO/RKH can weather a drop in PoO without undue concern.
Also, the FIG is relatively benign, by comparison with those in other oil producing regions.

But of course, carrot, you don't mention these points, do you!

Cubane, the "experts" who so kindly come here to give us their advice, are telling us that Standard Chartered are having trouble finding any backers (and that's "well documented" they tell us!), The OM ECT claim is leading nowhere, drilling in Egypt will end in a duster, no one's interested in making the FI a gas/oil production region, the World's need for oil's going to collapse before SL can go into production, Sam & TD are going to sell us all out, SL FID's never going to happen, still less sanction and I nearly forgot, when the licences are renewed, FIG are going to give them to someone else they prefer.

When we ask them to produce evidence of any of this, they just melt away, not answering, except to insult us.

So just remember their names when they return with more of their rubbish: Ollie, Ralph, Tuggy, carroteater, Godders
Please add to the list, those I've overlooked.

Oh well, Tuggy must be tuned-in to another station!

Nigoil, you and Tuggy can't both be right!

how the same guys always support each others posts, but can never produce any of the evidence to substantiate their posts, even when they're supposed to be "well documented"!

Tuggy,
When we were on the school playground, there was that irritating brat who knew everything better than anyone else, had his "ear to the ground", etc., etc., but in the end, he was making it all up just to be interesting.

You said that Standard Chartered's inability is "well documented", so please let us see it.