Member Info for ralph2010

The world has already fallen in, when in 2012 RKH was tied to a corpse !

Brent is tanking, RKH always drops when it does, but never gains to the same degree when it rises again. RKH always sensitive since the 2012 disastrous farm out tho PMO. The market simply hates their debt carcass being the operator here, which was been proven to be a reasonable conclusion since its now 6 years later and still no money to develop. All the LOIs etc so far are just noise and not really worth anything, since they still rely on the funding being found, which thus far, it hasn't.

I believe the BOD should have gone with that garbage deal. The market knew then this was in trouble and it is, its a stranded asset and RKH have no power to do a dam thing.

Arbitration Rule 37(2). is quoted on the case progress. Someone suggested it could be some environmental group, interesting thought.

Fair enough for apologising , but that's 2-0 now ;)

Its not necessarily good news, it could be bad. A 3rd party has submitted some information and both parties have responded to that information. We are still none the wiser.

Rule 37
Visits and Inquiries;
Submissions of Non-disputing Parties

(1) If the Tribunal considers it necessary to visit any place connected with the dispute or to conduct an inquiry there, it shall make an order to this effect. The order shall define the scope of the visit or the subject of the inquiry, the time limit, the procedure to be followed and other particulars. The parties may participate in any visit or inquiry.

(2) After consulting both parties, the Tribunal may allow a person or entity that is not a party to the dispute (in this Rule called the “non-disputing party”) to file a written submission with the Tribunal regarding a matter within the scope of the dispute. In determining whether to allow such a filing, the Tribunal shall consider, among other things, the extent to which:

(a) the non-disputing party submission would assist the Tribunal in the determination of a factual or legal issue related to the proceeding by bringing a perspective, particular knowledge or insight that is different from that of the disputing parties;

(b) the non-disputing party submission would address a matter within the scope of the dispute;

(c) the non-disputing party has a significant interest in the proceeding.

The Tribunal shall ensure that the non-disputing party submission does not disrupt the proceeding or unduly burden or unfairly prejudice either party, and that both parties are given an opportunity to present their observations on the non-disputing party submission.

Heard this sort of stuff before and none has come true.

The only 1 I remember being worth while listening to was gcClark on II.

Time will tell I suppose.

Im not getting an ulcer. I wonder what pressure they are giving PMO at this time? Are they letting PMO dictate or making some noises ?

Why is it pointless to discuss all and any possible outcomes ? This board if for that purpose, not just the ones you want to happen.

I think its a valid musing to wonder how long FIG will keep backing RKH and PMO especially, in the event of more delays.

Why doesn't it make sense ? So should the FIG wait another 10 years for RKH and PMO to do nothing ? 20 years?There has to be a point where they will press the reset button and put the acreage up for sale again. The FIG do still have control over the acreage after all.

Why not? DO you think the FIG are going to stand for another 8.5 years of nothing? They could get them taken off them.

Why would it be inconceivable? Remember the first communications cable across the Atlantic ? Firstly a great success, like RKH SL first drill and then it flopped in epic style. Someone else did eventually get the fruits of trans Atlantic comms , but wasn't the original parties.

Some else could get the fruits here, if the FIG decide they have had enough.

Come now, that isn't true. They could only get PMO apparently and this has been dropping ever since, it kicked off in 2012, way before the OP collapse.

FIG wouldn't need to start from scratch, surely? Just boot these both out and sell the acreage to the highest bidder.

I think they could get an extension. But who knows, if the FIG get just as pissed off as we are with the 8.5 years of waffle talk, then they might pull the rug.

Oil still dropping pretty rapidly.

Drop to 20p, watch out, you will have the ramping Nazis on your case!

Its not the same thing at all, that drop was caused by a rumour the Oil was heavy, the company was forced to release and RNS stating the approx API and then it recovered.

This is because the wider markets bombing and Oil has slipped from $86 - $81.40 in a week.

All the markets are taking a battering, Oil dropped alot this week too.

RKH is always sensitive to these things, since they still don't have any funding rubber stamped.

Not an MMs conspiracy or Shale.

They couldnt find a decent farm in with Oil at $120. We got PMO......I thought is was the ferry company when that RNS came out.

There has been opportunity for 8.5 years. Just say the truth, this is a dog.

There is only 3 or 4 I think. Ovets, Falklandinvestor, much more peaceful feed without those 2.

Assume you are talking to me? After 8.5 years I reserve the right to be pessimistic and as yet PMO STILL don't have any money . I'm being realistic, I do think this could get pushed back again.

I asked a question, I didn't say it was going to happen. Its a fair question, how difficult would it be to kick this down the road again for while?