Member Info for pre2rcd

According to Prax 2023 End of Year report, Lancaster was producing 7100bopd.

Down from 13,900 in 2020

Good find Mogger as always. Navitas Q2 results due imminently, maybe Sunday. Hopefully some news on financing.

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

Couple of new institutions into RKH

Volume is up.

Must be all those fake orders getting filled with fake trades

Glen, do you understand the difference between an order and a trade? Clearly not.

An order came on the bid for 250,000 at 13.9 this afternoon. The largest and highest seen in a while. Only got part filled by 40,000ish shares. It is a good sign for higher prices next week.

What exactly is a damp squid anyway? Never seen a dry one before

Hi Glen,

Hope you are well?

Yes, I am. What 2p fall are you referring to?

The 6m chart clearly shows a 2p increase from 15th May to 20th June, there is your £15m cash, bearing in mind some of that is owed to the lawyers.

Cash in the bank if anything should always reflect in the SP. If £65m comes through it will be worth 10p maybe some priced in already or maybe even a premium as it solidifies RKH future for another 10 years with or without S.L.

Can anyone elighten me as to what date the 42 day consultation period started.

There are conflicting news stories some suggest it ends tomorrow and other August 13th!

Can anybody confirm exactly what the precedure is in relation to the public consultation.

For example, do FIG have to act on any reponses, positive or negative?

Who decides if SL goes ahead? The three members of the excutive council?

Jono you may be correct however I would point out the RNS today refers to the 3% threshold being crossed on 21st March.

Why it takes 4 months to notify, I thought it had to be done in 48 hours

I get your point Jono but 123m shares traded yesterday is nearly 11% of the issued share capital.

Someone wants the shares!

We re-initiate coverage of the stock with a BUY recommendation and 1.0p/shr

target price – equivalent to ~5x the current share price.

Https://x.com/UOGPLC/status/1813815972077121801

Carlson got all their latest shares in the placing so clearly look happy to take their 100% return and get out.

Would like to know who’s taken them

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

FT major shareholders has been updated to 1st July. Looks like Carlson Capital has been the big seller of late, thought it was Aedos but possibly both.

Yeast, I have a Research Tree account but I can't post the content of the report as it is against there T&C's.

It doesn't tell you anything you don't know anyway. They have increased the Core NAV to 22p from 6p and the Total Risked NAV to 48p from 47p if that means anything to you!

A close above 15p would be a big techincal buy signal.

Can someone buy a few hundred thousand shares please?

From the upstream article last week

“ Sources told Upstream that Navitas has also made good progress in identifying a drilling facility for the Sea Lion development drilling programme.

One of the options includes an ultra-deepwater semi-submersible rig that was built in 2017 and is currently stacked at a yard in China for its Chinese owner.

However, Upstream could not confirm this arrangement.”