Member Info for ralph2010

don't start your paranoia about boiler room teams, I have explained 100 times my position, my last tranche is stuck in this crap.

Although, I am looking forward to the end of 2019, you have talked your balls onto the chopping block and if no FID you will be making a omelette off the egg on your face.

Of failure - Prat, 10 years of it.......

You can totally forget if you want, but the share price will always remind you.........

Yep, I found it very negative overall for SL.

PMO look like their interest in the North sea for a few years ahead. I think if funding don't come this year they could bin this and let the licence run out, go with Zama

To me the whole PMO,RKH, FIG set up is toxic and has to break up, its been 10 years and there is still no money on the table to develop. The root cause being none has money, we are drift wood! I don't think mid caps are interested in this because of PMO, why would you put money up for say a 25% stake and then have to worry if RKH and PMO can carry their financial obligations? Don't think SL is big enough to get a Major to risk the Argies wrath and in a Isolated basin. So that leave us pretty stuck to me !

So I think if Export Finance can't be forth coming, this breaks up.

"Delay in Sea Lion Final Investment
Decision (due to low oil price outlook,
increased project costs or partner
funding issues) and potential loss
of licence interests."

So they might lose the Licence after all, so come early next year this could be 5p and a dead duck, never to rise again and Sam and Co will just bleed it dry until they can retire ?

2 Things

"Joint venture to submit formal senior debt funding application on
Sea Lion Phase 1 in Q2 2019"

They haven't even submitted it yet, wtf have they been doing?

" Continued pursuit of new venture opportunities to supplement
production, enhance cash flow and strengthen balance sheet"

Dear god no ! We dont more cr@p like we got before ! We are running out of cash anyway and we dont want more dilution

So this last year has cost us $5 million for a couple of LOIs - LOL nice work if you can get it!

Put it in Google translate or use Chrome which will do it anyway

Dam, I was hoping Anadarko might come get RKH. They did get involved in 2010 if the rumours were correct

I wonder how much patience FIG has, the so called good relationship doesn't seem to yield much news does it?

Are they unwilling to drop the tax because they also know companies could be getting ready to pounce?

If the license expires do they have to hand over all the data they have ?

All your speculation!

So what if PMO tried if for 50p for RKH shares. That would be something like £240 million, minus cash in the bank, so lets say £200 million. PMO would have to dilute by 25% since their market cap is around £800 milllion.

They could do it, but that means PMO holders get f'ucked over

Not fast enough.

Doubt it. Like PMO share holders would like that. They cant afford to dilute imo

PMO don't have any money. How many times do we have to say it.

Garbled, is that you ?

Yep, a classic dead cat bounce !

Nothing has changed, there is still no money on the table . The RNS is just full of the usual crap.

A cash call? I think we might OK for 12 months or so, but you never know. All current holders are not much use to the BOD, they have already had your money years ago, you are now just a pain im sure. They probably hate you.

hmm. I wonder, how about PMO do sell S? I would say that would be great if the buyer wants to pile money into it.

PMO would get a mill stone removed and could go with Zama.

I have always thought more partners were needed. Even BP join 4 or 5 different partners at times.

It just never sounded believable to me that PMO could take this forward alone.

Rich coming you and master ovets.

Pfffft ! PMO have NEVER been good for RKH.

Watch out, they will be calling you a deramper !

Agreed, The Path Finder Bank, LOIs etc, all cheap to obtain. I have always thought it was a smoke screen to make it look like progress.

At $120 oil all they get was PMO, nobody is coming to the rescue and bargains dont get left this, this is circa 20p because its a pile of shite !