Member Info for pauldrayton

They would all be mad not to have backstops & release clauses - it’s pretty much standard practice regardless. Rockhopper should probably have insisted on a similar clause for Premier back in 2012 but they won’t make the same mistake again and Premier aren’t naive.

We should find out soon enough anyway.

Suspect there is a lot more activity and discussions behind the scenes than we are ever told about cyan. I’m not concerned about Navitas’ ability to fund their share. The deal would not have been agreed without assurances, and they won’t have been word of mouth or a handshake.

The only reason I think they might extend is if they want to complete the Abu Sennan sale first - that might be a prerequisite. So it could be early March instead but I wouldn’t expect a long delay.

Navitas will have already had to prove they can fund their share.

Tony Durrant is no mug when it comes to finance. There will have been plenty of due diligence done regarding Navitas’ ability to fund their share, don’t worry about that. Suspect this deal has been ongoing behind the scenes for a long time now, and it’s now about how exactly they want to structure the financing & how that ties in with UKEF.

Thanks Nig. The deal was due to be signed by 28th Feb. Wonder if it will happen simultaneously with the sale of Abu Sennan on Friday or if they will wait for that to complete first and then proceed at the beginning of March.

I have a sneaking suspicion that BrightSpot is Borgo in a different guise. If you check out his posting history it has a very similar style and also includes tales from Aces Bar (alternative to Sharkeys!).

Nigoil is not Borgo or Garbled - totally different writing styles.

Noble are in Houston - part of the Navitas funding package then Nig?!

Dare not to be out Frogga?!

And....Israel

321,612 trade - Nigoil topping up?

I was thinking not Monday because they wouldn’t be working on the weekend!

If I had to guess when the next RNS will be I’d say Wednesday next week. The Ombrina Mare arbitration decision is due within 120 days from 30th October 2019, which brings us to the end of Feb. I don’t think they will leave it until the very last day, so my guess is Wednesday. Let’s hope it’s a positive one whenever it comes.

Sorry it wouldn’t let me post it without the gaps!

Anyway it says expected admission date is 28th Feb.

vox markets .co. uk/rns/announcement/e6c99e1d-7425-4acc-ad83-539422b6fcef/

**********.co.uk/rns/announcement/e6c99e1d-7425-4acc-ad83-539422b6fcef/

Here you go fecm:

****************************/rns/announcement/e6c99e1d-7425-4acc-ad83-539422b6fcef/

UOG RNS says new shares to be admitted on 28th February so guessing that’s when completion will take place.

https://www.lse.co.uk/rns/RKH/abu-sennan-transaction-update-tkayi1btpbud1pg.html

I’d say the deal is complete because the fund raising will be subject to completion of the deal.

RNS tomorrow I’d say. Although as I mentioned before I don’t think it will have a material impact on the RKH share price because it’s all in the market already. However it does open the door for Navitas to sign so it’s another piece in the jigsaw.

It is puzzling, although it’s hard to know whether it is company specific or industry specific. You could forgive a lot of people for not following RKH at the moment - after all nothing has happened for years now so it could well be off most people’s radars.

But it also seems that investors are currently putting their money into renewables. The Coronavirus & lower oil price isn’t helping sentiment of course but even so, the money in energy is going elsewhere at the moment. You just need to look at valuations across the board to see that, including the majors (not just AIM).

A lot will depend on where oil prices go over the next few years. In the short term for RKH, obviously a successful arbitration result would be very helpful, as well as the Navitas deal completing & FID/sanction. At least then investors may start taking note again.