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However, there is another consideration in a rapidly changing World power struggle (with China looking to take over from the US), which is a new strategic role for the FI.

The strategic importance of the FI was largely abandoned by the British, once the Panama Canal was finished, but could there be a growing need to have a substantial foothold in that region?
If so, then while the UKEF funding for SL may now be a dead duck, with Boris chairing COP-26 later this year, but the post-Brexit strategists may still wish to have such strategic presence in the region, with oil/gas just the thing to help fund it? In which case, Government funding may seep its way into the FI by other routes than via UKEF.

Certainly a thought worth considering as the Falklands War 40th anniversary approaches.

Now that's where you're completely wrong Ralph.
Boris doesn't give a flying fig about others' opinions and Maggie would have slipped on all the same banana skins - she wasn't as brilliant as some believe and made a lot of mistakes.

Ralph, first it depends on whose assessment you believe, but it's widely accepted that "90% of the UK's oil resources is considered under Scottish jurisdiction", which isn't trivial.
Regarding gas, figures are more varied, but opinion appears to be that resources are in decline.

With that in mind, plus a few other factors, it does make HMG interest in exploiting the FI reserves perhaps a little more likely.

That isn't the point Ralph.

What's left of the UK will be looking for other dependable energy sources, if the SNP gets its way:

"Oil drilled on the UK Continental Shelf generates revenues for the UK treasury, which is reinvested across the four nations. But if you draw a line out into the North Sea from the Scottish border, around 90% of oil tax revenues would fall under Scottish jurisdiction.

That’s how most international agreements around oil have been made, and is theoretically how oil rights would be settled between the UK and an independent Scotland. History, however, throws a wrench in the works".

I'm no great Boris fan, but as PM, he's never going to hand the FI over to Argentina (just imagine it) especially with all that untapped wealth potential.
With the FI War 40th anniversary approaching, what a terrific political coup that would be, to have the FI at last delivering after all that time, following in Thatcher's footsteps.

I'm sure HBR are running over all the numbers, etc., but I also reckon that HMG (with Boris in the driving seat) is saying, "if you want our help, then wait until early 2022, when we can really celebrate the passing of COVID and the launching of the FI.
In the mean time you (HBR) can get all your ducks aligned for the BIG announcement".

Also, it should be just about long enough after COP-26 for it not to look too hypocritical, especially if it's carbon-neutral.

Assuming there'll be some award, then up to a point, some delay is welcome, as it give those evaluating the award an opportunity to incorporate the much stronger and rising PoO in any lost profit component of the award.

Imagine if they had been obliged to announce an award when PoO briefly went negative!! Sam would have had to pay the Italian State from his piggy bank!!

Anyway, I say, in the current situation, no mad rush for the announcement.

I'm intrigued by the bit that says: "It is an exciting time to be taking up this role, as the Falkland Islands is achieving major new economic development opportunities in resource development, environment, science and research that will further enhance its strong economy.".

I understand Nigoil is an ex-Para with a VERY big ego and not much else.
Used bossing others around and not being contradicted, he's just the sort of guy to rely on when seeking investment advice!
So far his predictions have been 100% wrong, but he's repeated his blinkered position so uncompromisingly for so long that he can't back down now.
He keeps on ranting, while his dwindling collection of adoring fans continue support him.
Quite amusing to watch from a distance.

That is the conclusion I've reached - Godders is a dreamer.

With PoO nudging $70, the current HMG certainly never contemplating handing the FI over to Argentina (with all its untapped valuable resources, a very strategic location and the Falkland's War 40th anniversary less than a year away), this is going ahead, whatever anyone says.
While there's no great rush, there IS a need to make progress, especially as PMO has had everything pretty much ready to go for a while, so taking advantage of higher post-COVID PoO.
HBR has legitimate excuse to review and where appropriate, renegotiate all aspects and of course, the option to walk away if the numbers, geo-politics, etc., don't suit them.
While all this goes on, RKH can be left to stew in its own juice. If there's a decent OM award, that would give RKH a much needed lease of life, but I reckon HBR would take them out to reduce the complications of a useless partner owning so many licences. The cost to HBR wouldn't be that much greater after an award, as any increase in RKH sp would mainly represent the value of the award (i.e. cash).
If there's no OM award, or just a token award, then RKH is in trouble and I see HBR quite happy to watch us flounder, perhaps taking us out for a nominal sum, securing the licences and then being "in control" as they have stated they want to be.

So the OM award is pretty important to us, otherwise we'll be thrown to the dogs and the dogs won't feel any need to do Sam, the rest of the BoD and the shareholders any favours.

You haven't answered my question buzzard.
Does that make you a chicken?

Which is what I said years ago and I was laughed at then.

rpoodle, it's because buzz isn't a shareholder - he says we're "numpties" and we're experts "in being a pain in the arse".

So buzzard has another agenda, which appears to be defending Sam and all the other greedy truffle snufflers and all the astonishingly (but at least consistently) bad decisions they have made over years.

Well buzzard, that's something to flaunt in public.
So once again buzzard, I ask you to tell us who you really are and who you represent.

Now would someone please remind me who recently posted here that Sam's our best hope of obtaining the best outcome for RKH over the next 12 months?

I agree that now might be a good time to approach a trusted news contact to help publicise what's going on.

For the record, I've sent Jan Davies & Keith Lough a follow-up email with a digital copy of my sign holding confirmation letter, repeating the 5 Ordinary Resolutions just for good measure and I've asked for an acknowledgement.

As others have said, while this may not exact the outcome that we all wish, they won't be able to ignore it either, especially as this has been put together so quickly, despite quite a bit of initial scepticism.
If we can do it once, we can do it again.
Thanks again to Glenrothes for keeping us well-informed and united - Sam & Keith, you take a lesson from this.

In any case, of the 5 ordinary resolutions proposed by Glenrothes, which one calls for anyone to be removed?

Stop patronising me buzz, you patronising git and stop defending the indefensible.
as I said before, buzz off

FFS buzz, that's NOT what we're all discussing.
We're discussing the greed and general poor management of RKH, while all these things you refer to continue, and they do nothing except line their pockets and we watch with dismay.

Who are you? If not Sam, could you be Boris, as he never answers the question either, but puts up a smoke screen to distract everyone from the point?