Member Info for pre2rcd

Couple of big sells and they price has not really budged (yet).
I've just tried a couple of dummy trades and could have offloaded 250,000 shares at 6.3p which is outside of what the MM are offering.

https://www.offshore-energy.biz/offshore-deepwater-oil-production-one-of-cheapest-sources-of-new-supply-as-costs-reach-new-low-rystad-says/

Offshore production now 35% cheaper to produce compared to 2014

https://www.proactiveinvestors.co.uk/companies/news/39035/numis-says-premier-oils-sea-lion-deal-risky-prefers-enquest-and-cairn-energy-46623.html

Article from 2012, "Sea Lion is highly levered to oil price" wonder what oil price makes this a goer?

What I don't underdstand is why any of the II's listed of the FT website are note included.

https://markets.ft.com/data/equities/tearsheet/profile?s=RKH:LSE

Appreciate the HL STockbrokers will be private investors nominee accounts so should be excluded but shouldn't HL Asset Management show.

145,0006.56
-
6.8913,8291
Depth 16
08:44 45,000 6.56
08:44 10,000 6.55
08:44 13 6.51
08:59 12 6.51
08:14 5,000 6.35
07:50 15,997 6.34
07:51 172,000 6.3
05:00 100,000 6
07:50 8,090 6
07:51 MREX 50,000 6
07:54 WINS 50,000 5.5
08:44 SCAP 50,000 5.28
09:19 PEEL 50,000 5.23
09:20 CANA 50,000 5.23
07:50 SING 50,000 5
07:50 10,463 4.75
10 Depth
6.89 13,829 09:19
6.9 25,000 09:19
7 41,173 07:50
7 50,000 WINS 07:54
7.2 1,600 07:50
8 50,000 SING 07:50
8 50,000 MREX 07:51
8.23 50,000 PEEL 09:19
8.23 50,000 CANA 09:20
8.28 50,000 SCAP 08:44

"Offer now 7p. I'm guessing thew 972,000 on L2 has gone !? Anyone see?"

Yes, vanished into this air today!

Spread is down to 0.01p. I feel we are getting close to some news, just hope it's positive!

L2 showing 972,000 shares on the offer at 6.9.
MIght take some time to clear them up

Quite a strange close, there was a lot of movement from the MM's on L2 from about 16:26.
The ask jumped to 5.85, it was amost as if an RNS had just dropped!

https://www.thetimes.co.uk/article/falkland-oil-firm-in-investor-revolt-v39fzth5gqs

Odey were of course well invested into RKH in the early days.

Don't think Sam is Crispin Odey's favourire person

How about a proper show of confidence and buy some f&^% shares Directors?

SpaceHoppa, as mentioned in another thread, I had a very similar response to that, again around June time. Unfortunately I have deleted it but it was almost identical to yours. Perhaps he has known it was on the cards all along and has made other arrangements. Time will tell

Think we might break above the 5.6p shortly!
Hopefully

I have never seen so many shares traded within a narrow margin 5.5 to 5.6p.
According to most websites hardly any institutional investors own RKH so where are these shares coming from?

Thanks Mogger!

SpaceHoppa I had a similar response back in June I think.

According to the FCA as of lat night there are no shorts over 0.5%.

Although as we know from PMO these people don't really play by the rules when declaring!

It's clear RKH and Navitas were made privy to this decision prior to this update and have discussed a partnership without HBR. As you say could be a silver lining. We'll see if this decision was already priced in to the SP or not

"This represents both a difficult moment for Rockhopper and a huge opportunity. Whilst we are disappointed that Harbour has decided to not to proceed with Sea Lion, we remain committed to unlocking its development.

"Navitas' recent financing on its Shenandoah project demonstrates that funding remains available to independent E&Ps in the international markets for large-scale offshore oil developments and we very much look forward to working with them to progress Sea Lion."