Member Info for r1234

When RKH last did an open offer with the warrants, I remember some issue with holding the warrants is an ISA. Does anyone recall exactly?

Https://www.lse.co.uk/news/LLOY/banks-significantly-increased-fossil-fuel-financing-in-2024-lndv5bgbe0uxjp7.html

The top 65 lenders – which include UK giants Barclays PLC, HSBC Holdings PLC, Natwest Group PLC and Lloyds Banking Group PLC – committed USD869 billion in financing to fossil fuels, the 16th annual Banking on Climate Chaos report said.

Https://www.bbc.co.uk/news/articles/cg5v9ejez2po

I believe Harbour are involved?

The downside is the difference between 65m and 31m is about 5p per share.

The upside is RKH will now have the extra 31m in the bank before FID

Just to point out that I don't think there will be two FPSOs operating at Sealion at the same time, the second is a later and larger replacement for the first when more wells come online as they stated in their recent operator's update RNS.

"Northern Area phase 3 and the Central Area Phases 1 and 2 will require a substantially larger replacement FPSO to be identified and secured."

Just to add that on their latest update on 24/03/2025 they expanded the phases and wells to 64.

https://www.lse.co.uk/rns/RKH/sea-lion-operator8217s-update-icfyhljows66wph.html

@Tincan, its all on Navitas website

https://navitaspet.com/wp-content/uploads/2024/07/Sea-Lion-EIS_FINAL_PUBLIC-CONSULTATION_ISSUE_01072024.pdf

Development timeline is on page 136+

18:30

"Project Sealion will be part of the gold standard in the world of developing mega oil projects with minimal emissions in a way that combines efficient and environmentally friendly development with complementary environmental projects".

Quite often some activity one way or the other when the US market opens.

50p went through at 2:27

Nice SP jump, will it last until the end of the day?

This may make life easier on the finance front

https://www.lse.co.uk/news/BP./climate-activist-shareholder-group-follow-this-pauses-big-oil-campaign-j2jegjscb6nna4j.html

Climate activist shareholder group Follow This pauses big oil campaign

There doesn't seem to be a limit on the number of shares you can apply for. Nor can I find a closing date.

RKH don't have any spare money. They have to pay back Navitas with 85% of their revenue after first oil. 2030 before they have any cash to splash.

@GetOnYerBike

If you want to play the share price guessing game you also need to take in to account that there has been a significant uplift in estimated reserves since then too.

There was a placing and open offer in June 2022 at 7p

https://www.lse.co.uk/rns/RKH/proposed-capital-raise-wu7n3k96yvjeax1.html

I think around 180m shares including warrants were added

"In line with our increased annual dividend policy, Harbour expects to pay $455 million in total dividends, comprising a $227.5 million final dividend for 2024 and a $227.5 million 2025 interim dividend"

227.5 / 1430 = $0.16 per share, looks like an increase to me

I think next year's divi is up from $0.26 to $0.31

I believe that you are not allowed to buy the shares back for one month.

Repeated in the 19/04/2022 RNS

"Potential for an additional project partner dependent upon funding requirements - to be defined through ongoing development and financing processes - should an additional partner be required, Rockhopper does not intend to reduce its working interest"