Member Info for ralph2010

this will just drop daily, seen it for 6 years now. 22p coming again.

You going in the dusty bin

Stop being a Kit Kat ! I can say what I want, thats what the board is for. Stand the heat, I have had some holding since before SL you muppet

it will be 10p if they dont get the funding, which still does seem imminent

I have no idea! But its looks like BS. There has been no news to get excited about.

Volume dropping off too, no holdings RNSs. Been PIs getting excited driving this by the look of it. This will drop everyday until the bank news, if thats not great news, then I would expect the 20s again.

I didn't say there was a better deal, we will never know and it wasn't unproven anyway, it was flow tested in 2011 Yes, it what it is, but someone has to carry the can imo, $500 million spent is a serious issue We could be heading no where for another 8 years

It was a toxic deal, PMO even booted out their CEO, I suspect because of it! I have always thought that the RKH BOD should have gone too. They should have seen, like the market did immediately, that PMO didn't have the cash and that was before the Oil Price crash. This has been bombing since the farm out announcement in 2012. 8 years since discovery and we only have promises and words still, LOIs are not really worth the paper they are written on, XEL had lots of them too. RKH the next XEL ? I have been upbeat recently, buts thats starting to subside, the "imminent news" hasn't turned up and when it does its only a bank, not the actual money in the account! The more I think about it, the more I think PMO would like to put this on the shelf for at-least 2 years to balance their books better. Export finance is still a debt PMO would have to take on and they would be back over $3billion again ! Cant see their creditors being too happy with that idea. We could do with someone else to farm in, but I guess another midcap might not want to be tied to the PMO corpse either !

$65 would still lead to a lack of investment and a future spike. Russia and Saudi need oil $90-$100 or they go bust. At $50 a barrel there wont be an Oil industry. I would be happy if it settles where it is for a while, any higher for now and I agree, it would be damaging . Iran is a situation to watch, some strong words from Trump recently. Could well be a war coming to the Middle East.

Dreaming am I? 10% down since yesterday afternoon and Im dreaming!

Or an opportunity to sell before its back to the 20s? NO NEWS

retracing, no news worthy of the rise. I feared this, the BODs usual BS, "imminent" my aris!

Well, who knows. But I found there to be usually some truth in what he posts. He was technically correct about DES too, they did find some oil and released an RNS. A little knowledge can be dangerous I guess.

I do remember bogroll. Like I said , he definitely has some inside track. been a while, but didn't humpback have some good oil shows? https://www.offshoreenergytoday.com/noble-energys-falklands-well-shows-traces-of-oil-and-gas/

Nearly 10 years of being in RKH tells me this could just drip 1p everyday as it did all the way down from 300p+ Drip, drip drip

Who knows. FID is a long time away and the Oil price today doesn't really mean much, its what it will be in 4-5 years time that is relevant to RKH. At the moment its looking like another boom -> bust cycle , when RKH get first Oil it could be $26 a barrel. But who knows...One thing is for sure there hasn't been much good news from RKH in years....So what a bank, you need money in your account though

Wish I was wrong, but volume is drying up too. Could be back to its normal sub 30p this time next week Borgo22 on II with some negative posts recently , he has in the past been correct, he does have some connections to Oil business I'm sure. Not always interpreted correctly, but there is usually some truth in what he posts. Although I thought we were after Export Finance , is he suggesting that wont happen? We are doomed if its doesn't, because we will have to rely on useless PMO even more, thats a 5 year shelf right there! Already been 6 years........dismal

I think back to low 30s maybe even 20s. No news that is going to change it much, I can see useless PMO stalling as much as they can too. PIs now jumping ship

Over a week is not immanent to me, can have a different meaning to the individual though. With the rise and some positive rumors I was very up beat, now the dust has settled I think we could be waiting longer than we thought for an SP catalyst and some concrete news. PMO in no rush, bet they would love to say FID end of 2019. Would be nice if the FIG pulled their fingers out of their arses and dropped some tax to make this sweeter!

I don't think the next RNS will be the big one. The BODS idea of "imminent" seems to be different to mine, been a week already! Imminent to me is 24 hours or so. The RNS is about a Pathfinder Bank, that doesn't mean that funding is sorted, they may put some money up, but they are being appointed to find the money! Even if they find companies willing to put up the money it means PMO will have to take on more debt, it would be in their interests to stall a bit longer and get their house in order. In reality PMO could do with Oil at $80 and no capex for 18 months - 2 years . They are in no rush imho. One thing they could do is to perhaps sell ZAMA once appraised , again that will take time. We could really do with a farm in partner, to take 40% off PMO and take control of this! The same partner could go into Isobell too, in my dreams ! PMO the giant thorn in RKH's side !!