Member Info for ralph2010

You total *******. I said you could find my position if you look back.

SL HAS been flow tested and more than 15 pages ago! It was flow tested in 2010 !

http://www.proactiveinvestors.co.uk/companies/news/17627/rockhopper-reports-successful-flow-test-of-sea-lion-well-in-falklands-basin-21137.html

Idiot......

Good for you, I'm still well up, apart from 1 tranche.

The overall picture is a disaster so far, $500 million spent , with a market cap of half that, on a good day.

That is failure. A big one.

No idea what you are talking about, but I think its me that hits the bulls eye and you lot cant handle it. 2018 and still no money. Even a cash strapped UK got the Forties field up in 5 years in the 1970s !

I have explained 10 times now I think. Not doing it again, go back and read the threads.

Although I think you are just be belligerent, dont tell me I cant stay here and give this lot a ribbing, because spending $500 million and no fruits yet, they deserve it.

Yes and doesn't tell us anything we dont already know, the thing has been flow tested.

Whilst the technology is interesting, how is this in anyway connected to our main problem, which is money ?

What has this got to do with ramping that BP might be coming with 12000ft capable rigs?

"Recent exploration" LOL. We know there is Oil there, but it doesn't look like anyone with any money is interested in a virgin basin. They didn't seem to be at $110 a barrel and they don't seem to be now at $73

About 4 or 5 years ago.

So never is more likely here I think.

At least I don't spout blatantly ramping BS!

BP and 2 drill ships for 12000ft for SL, what ridiculous nonsense!

But those have a water depth of 12 000ft.

Ocean Guardian was 1500ft, those would be over spec.

If BP were coming on board this wouldn't be 40p either

I would have accepted that, but still been left feeling somewhat empty about the promised potential here, by Sam and Jungle Book. .

Nothing has changed, I am still waiting for a hero like Nobles.

I just want the the end game, what ever that maybe.

Maybe you should stop complaining about seemingly "negative" posts, I consider them realistic and negatively is really deserved with this lot anyway !

I said I would take a 40-50p take over at 20p and I just said I hope Nobles might come in.

Anything else you want to know?

I dont have an actual loss. I will stay and I will moan, sorry. I feel sorry for those that got in over £2 etc, with the Jackpot statements.

Its binary alright, Im hoping Nobels will throw their hat in, I cant see this going ahead without another partner.

This bombed way before the Oil price drop too, since 2012 and every year after that.

No i don't, I'm well in profit apart one tranche at 92p.

I have a dim view of a BOD who say they are "joining the main market" and have hit "Jackpot", spend $500million and then waffle about their progress for 6 years which has amounted to NO Oil flowing. Not even money to drill the first production well ! Value destruction of $300 million should be open to criticism .

Remember Jungles's chart? looks to me like he had it upside down ! But just like Sam, his bank balance was over flowing and he walked away laughing !

XEL is being mentioned and it IS valid, this lack of progress is a joke!

tbh, who cares about meetings, they have been several times and even lectured to the school kids, all has come to nothing so far.

Unless they have a meeting and are discussing a juicy Tax reduction, talking to FI government is pointless, they are toothless anyway.

The partners involved are
1) PMO - No money
2) RKH - No money
3) FI Gov - No Money

We need money on the table, actual money, not BS talk!

Nearly a year since export finance was first talked about, still nothing. No signs of any funding. Path Finder bank not put any money up, Why do I get the feeling this is BOD BS just like since 2012. .............

those are producing assets.

RKH is no where near that, after 8 long years!

I can see FID being put off again. PMO could do with 12-18months of paying its massive debt off. Surely they will not be in a rush.

Agreed, the news so far is just hot air, they have to keep up the lip service though I guess.

Some of the projects I have been looking at recently have 4/5/6 partners , this is just 2 and neither has any money!

I cant see this going ahead without atleast 1 new partner.

Why dont you get it? You could offset the debt by saying XEL were in the north sea with infrastructure all ready in the area in a mature basin . Sea Lion has nothing.

The Oil produced covers the BODs way too high wages and custard creams.

This is worthless to anyone unless Sea Lion is pumping , so it is the same situation .

Agreed. XEL had some and look where that ended up

We need money on the table, nothing else matters! Still no signs of it! Just the generic crap from the BOD, we are moving forward bla bla bla , been saying that since 2010!

If I were PMO, I would rather go with ZAMA, atleast they will be plenty of partners willing.

SL is already appraised and nobody is knocking on the door!! Who wants to go to location with no infrastructure.....?

Begging bowl passed around to vendors and export credit hopes. The longer this goes on the more it stinks !

What if the FID is a NO ?