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sorry - still doesn't make sense
Sure you think you're posting in English?

Still can't understand you, W*ankos

Absolutely, Mam!

At risk of repeating myself, it appears that notional damages can be awarded and in this case,.

Where problems are likely to arise will be setting the notional average PoO at which any oil extracted would have been sold and over what period (i.e. agreeing the estimate of OM's actual reserves, it's quality and the demand for it over that agreed period).

For RKH's claim not to drag on for ages, compromises will have to be struck, which is why I don't see those eye-wateringly large sums being awarded.

I don't claim to be an expert in this, but I think you'll find the ECT is a bit of an anomaly and somewhat different from normally accepted legal process, where claiming for notional damages would be difficult to quantify, resulting in little or no damages.

In my earlier post, I deliberately avoided including the sort of figure for notional damages that some quote, as that only raises expectations, which are likely to lead to disappointment.
Whatever the outcome, RKH has made a very good case and is very likely to recover its costs on OM so far, which can't be bad.
There does seem to be provision for those notional damages and if so, that's where quite a bit of time might have to be allowed and possible appeal by the Italian Government.
I'm certainly not counting on the €250M (or is it $250M, or even £250M?) that some have quoted, but it's still likely to be better than a poke in the eye!
However, by then, such figures will hopefully seem small beer by comparison with Sea Lion and the rest.

Thanks for the encouraging words and thanks again to Mogger for digging up that ECT report and apologies again for my comment meant for the nit wit.

There's little doubt that this one's going to fly, although for the timid investor, nothing's certain until it's certain, so for them, maybe don't put all your money on this horse, in the way that some clowns have done with Bitcoin, even borrowing to get in on the act and now have lost a packet - that's probably what's happened to W*nkos and why he posts such inane comments.

Some are betting on ARG and others on BOR. I think they'll fly in the wake of RKH FID, when it happens, as they both undoubtedly have big reserves of oil/gas/condensate.
However, if the argument about the RKH sp is that even its proven oil is more-or-less worthless, at least until FID, then for ARG & BOR, while they may have reserves, none of it's proven and any realistic production date could be overtaken by the move away from fossil fuels.
Mogger's ECT report makes the point that perhaps as much as 80% of the World's oil reserves will have to be left where they are as renewables provide an increasing proportion of our energy needs..
Also, I remember when I was at school, we were taught that the UK alone had more than 200 years' of coal reserves, so we were OK, whereas now we've pretty well accepted that most of that will stay where it is.

So, while ARG & BOR might be an interesting short term "bet", neither IMO amounts to a long term "investment" in the way that RKH definitely does.

Don't think you need to worry about the publisher, as it's very anti-ECT, so not really on "our side".
Quite a lot of the comments cast RKH and others using ECT as villains trying to subvert the good work of environmentalists.
In that context, it pretty well acknowledges that RKH's case is very good indeed and as well as costs already incurred, as Muchabout rightly says, the chances of recovering notional oil revenues, that RKH never got near to enjoying, are very good as well.
Nothing's certain, but despite what W*nkos will no doubt have to say, Sam and the BoD played a blinder when they initiated their claim through the ECT on a "no win no fee" basis.

Page 28 sets it out as well: $200 to $300 for lost revenues.
Do a "Ctl/f" for the word "Rockhopper"and you get 37 matches.

Muchabout - totally agree, but I didn't want to raise false hopes and count chickens.
Just another thing to wait for!

It is a very good find and an interesting read, but written from the point of view that many of those using the ECT are abusing a system, in order to prevent governments from reducing their dependence on fossil fuels.

However, in the case of RKH, this is definitely NOT the case - the Italian government sold the licences to RKH to exploit Ombrina Mare, for which RKH paid a great deal in good faith, and which cost RKH $40M to $50M, when the Italian government rescinded the licence, but didn't offer to reimburse RKH for changing its mind (having given assurances that Ombrina Mare would be OK for production).

It's possible that RKH may not get the additional estimated oil revenue, that it would have received had it gone into production, but it should at least receive what it has cost the company so far.

That's why I was asking Mogger which point he believes this article makes as far as RKH is concerned.

Apologies Mogger - however,still ask the same question!

As with all the rest of your posts, W*nkos, what's the point you're making?

If you sit all day with your eyes glued to the screen, but with no intention of trading, then what the hell are you doing?
W*ankos clearly sits all day doing nothing else, so he/she/it must have a pretty hopeless existence.
Do your trades (buy/sell) then get on with something useful as sitting watching the screen isn't going to change anything.

W*ankos, your average IS completely relevant to explain your inane postings.
I reckon falklandinvestor's spot-on, in that you've lost a packet and now bleating about SM to feel better - trouble is, it just publicises what a clown you are!
Still, gives us something to smile about as the sp drops again.

I certainly wouldn't worry about a takeover, even though that isn't what any of us wants right now.
If a predator makes an offer, there'll be others who won't want to miss-out on the RKH opportunity, so the sp is bound to overshoot significantly, even if only briefly.
The skill then is to know if/when to take the money, or be greedy and hang on too long for more.
Decisions may also be clouded by the tax implications of a sudden large bonanza, so having it all in an ISA avoids that difficulty.

Bigred - your last suggestion is the correct one. W*nkos hasn't made a single valid contribution yet, which is even worse than Master Shanus, who at least appeared to have a brain.
Anyway, they're not trekking all the way to Port Stanley for the lovely weather,.to count penguins, or to tell the FIG to forget about Sea Lion.
There are definite loose ends, which need agreeing before any public announcements, especially stuff like finalising environmental issues and tax and Royalties.
I suspect these are the sort of things HMG want bottomed-out before any Export Credit facility is announced.

Is that it?
That's all we needed to hear.

In that case, let's hear your reasoning then.
Just insulting others doesn't amount to "discussion", or reasoned argument.

You sound like someone who's lost a packet and now blaming everyone else, but especially SM and the BoD, for your own misjudgments.

What's your problem "W**kos"?

Thanks for the comments.
Something else worth thinking about is PMO last year, with £2Bn debt - (yes "£", NOT "$").
Most companies with that sort of debt would have gone to the wall, but somehow PMO didn't, with Tony Durrant credited with successfully steering them through their debt refinancing.

One of the biggest independent operators in the North Sea, and a particularly good fit with RKH to operate in the South Atlantic, and without any Latin American activities to inhibit them, there was a compelling need for PMO to survive until the PoO recovered, when it would be able to pay-down its debt.

HMG really needs the FI oil revenues to repay the £billions spent on retaking and defending the FI and HMG also knew why the PoO had plummeted the way it did and for so long.
UK also needs greater energy independence, especially if/when Brexit happens, so a new oil/gas region with British connections is more than just desirable, in the period until renewables provide our energy (nuclear now unpopular).
So HMG may well have been in the background ensuring that PMO didn't go under, just as now, when the Export Credit Agency is probably going to add support to financing oil production in the FI.