Member Info for ralph2010

I wouldn't take that for granted........that is when FID is to be decided. There could be numerous funding RNS's in the next few months for all we know. If Export Finance is on the table for $800million, PMO and the contractors could fund the rest I'm sure........

Not too sure what you mean, but when I say surprise RNS I didn't mean they would hold it back. No body knows if and when Export Finance could be confirmed is what I mean. So, there is a risk selling now if its sorted out soon. They must have applied for it ages ago......... apart from some thing like that, there is no news really until late 2018

I have not seen any II holdings RNS's , so this looks like its PI driven, that makes it likely to run out of steam, this has also already bounced off 27p badly several times. I am expecting the same again, unless some earth shattering news comes through. The court case is 2019, FID penned in for Late 2018. I was thinking a complete news vacuum would pin this to 18-20p for atleast 6 months until FID speculation would bring buyers ? But I think RKH and PMO need the Export Finance in place first, they will have a very good hand in that case. An unexpected Export Finance RNS could come at any time.

Better than I thought! So the BOD are sticking to their guns thats its going be this year. My little niggle is that for this year they are reliant on the Export Finance coming through. What if it doesnt ? This should be 30-40p on this positive update, surely ?

I already know everything you have posted and it does not change my mind. " whilst Premier may even drop a little" PMO isn't dropping its rising, so surely that could hint at no SL this year?

What options ? The current share price of PMO doesnt give them any more money in their Bank! It might be rising because SL is going to get kicked down the road again and PMO investors like that idea !

Good news for PMO is more likely to be bad news for RKH, PMO investors will not want to ring fence money for a new development this year. Even if PMO get the Export Finance and a farmout its still �100s millions they would have to find and I cant see their creditors wanting this developed in a hurry. PMO nearly just went bust, they want some calm seas .I cant see much happening any time soon with SL. Happy to be wrong though

I think its PIs and some hype about PMOs update, a swift drop when they dont say much. I would be delighted to be proved wrong btw

Overall, yes I am winning! But bought some at 92p. Hardly split milk when �500 million has been spent by a company now worth �100million, that quite same disaster! This train wreck has also set a precedent, small oilers will now struggle because of this farce, no more "opening new frontiers" with some wild cat drilling. Having a cynical view of RKH, which I make no secret of, is a reasonable position to take. If you dont like it block me.

DO us all a favour and respect our right to speak and have an opinion ! Having lost so much on this nightmare there isn't much I can gain by selling right now! I would take 40p just to get out with something. I think nothing much happening this year, like all the other 8 before it!

Rising on PI speculation I think, soon to be deflated when PMO dont say much about SL in their update.....

David, Disagree and I would be astounded if they don't get over 100000bpd aswel. Servicing their creditors is the most important thing and their hands are tied on new projects. Can to get kicked down the road is a distinct possibly happy to be proved wrong btw

PMO should be getting to some where around 110000 barrels a day when Catcher is ramped up. Thats about $7.3 million a day turnover. The Oil price rise is well needed, but I think PMO would like to take a breather and get their debt paid off for a couple of years before taking on Sea Lion. The recent meetings in the FI doesn't automatically mean its good news for investors, they could have been negotiating an extension to the License to kick to can down the road again for all we know!

Sma and charts etc are useless here, it binary, only PIs are buying now, the volume is puny over all. This is about funding for Sea Lion and NOTHING else. 27p zzzzzzzzzzzzz, I wont get a stiffy until 50p+ and a funding RNS to fuel it .

its binary. If they get finding we should do pretty well, if not, plop! 10p

Well there was only PMO when it was $120 a barrel ! $70 only stops PMO going under, it doesn't give them $1.5 billion to produce this.

We have been wondering that for nearly 8 years............Whilst seeing our investment shrink to nearly nothing

Only if the get funding, which they have been trying to get for 8 years!

hi. I first invested in May 2010 a few days before Sea Lion was discovered. I sold over half when the PMO farmout was announced, the market rightly hated that RNS and it was dropping. Then foolishly bought a good chunk at 92p. I realise I am much better off than most here as I wont ever lose from my original stake, I am still well in profit overall. PMO kicked the CEO out after the RKH deal and It seems to me they were correct, the deal has been toxic to both RKH and PMO. There was a case imho to get Sam and co booted aswel, since they were the other side of that deal. If I could clearly see that PMO were skint, why couldn't they? Having seen this drop week in week out since 2012 it has made me pretty cynical about this stock. Its all very silent now about funding and the market isn't yet buying it. The worry for 2018 is that they are going to kick the can down the road again and say FID in 2020 or something like that, this would surely drop to 10p and stay there for years?

The Oil Price rise looking steady is helpful for PMO, but with $2.8 billion of debt we still need Export finance and another partner, so nothing changes really. 2018 is going to be my last year in RKH, sod it im selling if no movement , been 8 years now. Cut my loses and f off. A wild cat came good for 1 billion barrels of oil and share holders made no money, infact they have lost and lost big. RKH has been a disaster.