Member Info for Ovets

Just state the abuse please.

"Usual abuse … but then again Ovets, you aren’t capable of anything else."

Please point out my abuse Laxatives.

"Can’t see Sam EVER getting this off the ground. I sincerely hope he does … but it will never reach the dizzy heights we all thought it would when Sealion was found…. Pure ineptitude by management".

I think you'll find it's Navitas' job to get this 'off the ground' - yet again, pure ineptitude by Laxatives in posting more misinformation.

Funny that, Laxatives, as my enquiries are always treated with great respect and I always receive prompt, sensible and helpful replies, even though RKH don't know me, apart from being a shareholder.

I wonder why you don't receive the same treatment. ???

"Another sheep, Ovets … Hello Dolly"
Laxatives, wouldn't it be easier just to answer my questions? Insulting me merely confirms that you're up to something.

Just imagine travelling in a full bus, driven by Sam, who's a complete lunatic. I'd expect you (as one of the passengers) to say to the driver: "Hey, what the hell are you doing? Are you trying to kill us?"
But instead, you seem to be saying: "This is bloody terrible isn't it, but I much prefer sitting here moaning about the driver and insulting the other passengers, than doing something about it".

Just as a matter of interest Laxatives, are you one of 'those who are simply not happy with Sam'?

If so, what exactly are you unhappy about?
Have you contacted Sam to discuss / clarify the matter(s)?
If yes, what did he say?
If not, why not?

Another bulls-eye me thinks CTS - subtlety isn't one of Laxative's qualities.
Come to think about it, does he have any quality?

That's interesting Ralphy.
Where I am, the sp is currently slightly up.
Sure you know what you're posting about?

No Laxatives, it has much more to do with the long-term RKH track record and the effects of PMO and people like Tony Durrant and Keith Padgett (no doubt you've forgotten all that Laxatives).
Pierre Jungels saw things too big too early in wanting to have RKH listed on a senior Market to AIM, than concentrating on the primary objective of Sea Lion, which would have had far greater chance of achieving that listing rather than chasing dreams that, in the end, were a distraction, OM being one.
Then there was a series of unfortunate banana skins that put quite a few lesser companies out of business. That included the perception by investors that oil and gas were of no future value, helped by US fracking and not forgetting, the curse of Argentina, which doesn't bother Gideon Tadmor one little bit.

However, I agree markednmbr1, but be patient. This time last year, there were many headwinds affecting RKH, which have all gone away and now we just have to wait, ignoring the buffoons like Laxatives, Kurgan and boring Ralph, none of whom have anything worthwhile to post, or sensible arguments/facts to support their endless moaning. Just check their posts - not a single bit of evidence to support their posts.
In fact, Sam is working very hard, but unlike Laxatives, Kurgan and Ralph, he chooses not to make a lot of noise until he's got something worthwhile to say.

Well yes, being pedantic, the interest is compounded annually, but if we're going to argue that detail, then there really can't be anything else to concern anyone.
Anyway, I doubt if the final interest calculation will apply to exact multiples of a year.

No, it doesn't have any connection with the interest, which is currently accruing at about €1.2M/month, compound (i.e. increasing slightly every month).
Navitas isn't demanding money from RKH for anything at the moment (nor is anyone else), so I'm sure Sam and the rest of us should be perfectly happy to leave the Italians to continue their futile annulment venture, thereby committing them to pay RKH even more in the end.

OK, it would be nice to be able to start enforcement proceedings immediately, but RoI aren't going to get their annulment, so in effect, they're giving RKH extra money to be able to pay for the enforcement, once the annulment process has concluded, assuming that RoI don't pay-up immediately.

What's not to like.

Laxative, don't make yourself look even more ridiculous than usual. Clever of you to notice the current sp v. warrant value - observant as ever!!
Can't see what your moan is this time, as warrants are an option you can take, or leave, right up to 5pm 31/12/23.

Vent your ire on those who put the spanners in the works, Keith Padgett being one of them.
Sam deserves a lot of credit for the OM award, which is earning, in daily interest alone, far more than his salary.

How long is it until 5pm, 31/12/23?

Yes Rot1, and rather as with a ginormous World class whale, you then need a World class team to land it.

Don't let's start all that again Ralphy.
I think Sam would admit that he hasn't always got it right and that he and PJ initially relied too much on the magnitude of SL to get them into production, just as Rot1 does.

However, I think you're being unfair to pick on Sam and vilify him for what's happened. You're forgetting an awful lot of incompetents, who weren't up to the job, wasting vast sums in failing to reach a practical plan, while making public statements and promises which never happened.
You need to turn more of your ire on the likes of Tony Durrant and PMO - look what happened to them.

RKH is still here and solvent and with a very respectable OM award, which will be paid with substantial interest. Every day's delay is another day's interest added.

You may be bitter and twisted, probably because you've lost (or risk losing) more than you can afford, but that's your fault, not Sam's. Take responsibility for your own bad decisions, just as Sam is prepared to do the same for where he went wrong, but at least he's kept soldiering on with a much better team around him and now producing results.

Hello Ralphy - come to cheer us up?

Well here's another thought to digest: Every single one of us will be dead in a few years. Maybe no one warned you of that? You should check your Ts & Cs (on the back of your birth certificate) - on mine it's absolutely clear and there isn't even the opportunity for early redemption, or a refund.

I suspect you didn't participate in last year's open offer. If so (i.e. you didn't buy more shares at 7p each), then you're not entitled to any warrants, which probably explains why your entitlement is zero.

However, as you can currently buy shares at around 9p anyway, if you want more, now would probably be the moment to jump in.
Navitas are either going to announce that they've decided this is a fool's errand and are giving up, in which case the sp will solely depend on current cash in the bank and the OM award outcome, or they'll announce their FEED and timetable to FID, in which case the sp will rise from where it is now.

Thanks PD!

Goes a long way to explaining why the tribunal appeared to indulge the RoI's time wasting and attempts at derailing the process.
Rather than taking sides with the Italians, as some posters suggested, they were just being careful to avoid giving them opportunities to complain, which they've done anyway, but almost certainly won't succeed.

I think the environmentalists have some very good points to make, some of which we understand and many we don't (or don't even know about).

Where they go wrong is to conflate things which aren't connected. In this case, I think most of us acknowledge that burning vast quantities of valuable resources, such as oil and gas, probably isn't a great idea, especially while chopping down our forests, which are apparently worth more, economically, when felled.

However, this has nothing to do with that - it's entirely about a government that took money to issue licences for a company to carry out commercial activities and then changed its mind, cancelling those licences, but didn't reimburse the company for the costs incurred, including setting-up their business in Italy in order to exploit the permissions sold by the government.
It could have been about any business activity requiring licences, but because in this case it was to do with fossil fuel, the so-called 'environmentalists' feel entitled to get on their high horse about what was blatantly dishonest practice.

"7%, with inflation at 10% - ROI is laughing - Cubane"

I think NOT - otherwise why would RoI have put up such a fight AND played dirty?

I reckon Sam (and the rest of us) should be quite happy to see RKH's cash increase by over £1M/month, while Navitas get on with FEED and then onto FID.
Really not anything for RoI to laugh about