Member Info for ralph2010

Well I know we say it every year, but will 2018 be the year of the Rock? Can they kick the can down the road anymore? Now coming up for 8 years since discovery! If they don't get the Export finance then I'll be very worried. Oil at $120 only attracted PMO, so $62 is hardly encouraging to find a decent player to farm in with this. I would also take 40p,

Hi Been a while since I looked at the break even but I thought they got it down $35 for Sea Lion? Also you have to consider the Tax arrangements for the area, FI is one the cheapest around and I am expecting so more reductions/Tax breaks soon. 15mb is small, Sea Lion is still one of the biggest fields found in the last decade, 1st phase would nearly double PMOs output from where they are now. Personally I think PMO would like to have a part in both Zama and Sea Lion. Zama they don't have Operate the venture, but hold a decent slice. So if they can get the export finance and farmout some Sea Lion and maybe give up being Operator , they could have a decent slice of Zama and Sea Lion whilst limiting their spending.

what nonsense.........

How am I talking non sense ? What do you expect? I thought my response to you was polite, then you retort with rudeness. So, what is your problem? Your Narcissism cant handle someone thinking you are full it ?

Lets be real here, why should anyone believe you ? You are just a name on a chat board. You routinely post like you have some information that we don't, if you are real then thanks, maybe you will be proved right and I'll be the first to acknowledge that . But seriously, don't be surprised that you get a muted response! Most have been wiped out here, despite this finding Oil, PIs took great risk to fund this early venture and got nothing out of a supposed "Jackpot" when Oil was hit.

Truth is there isn't much the BOD can apart from drink tea and eat custard creams, until the fabled funding becomes reality. This is just stuck on Stanby mode All they can do is to issue the company PDF saying how great Sea Lion is, which they have been doing for years now. Dont think there are being arrogant, what else can they tell us ?

hi Well, in all honesty its very mis leading to post "we could possibly be skint by Feb 2019." In my frustration I have often wanted to bin the BOD, but would it really help if Sam went? Wouldn't that just cause more instability ? This would only drop even more on the news I think. The truth is, its out of the BODs hands, we are stuck with this and PMO. Catcher is coming online any time now, makes me even more depressed, that field was discovered at around the same time as Sea Lion and this hasn't even got past FEED! But atleast that should bolster PMOs bank balance. The recent drop in SP was caused the stronger � I think. OPEC agreed to cut for another year, so atleast $60 should hold. Lets hope 2018 is when some good times come.

My post was made with a fair amount of frustration and sarcasm. RKH wont need money and they have cut costs.: Continued focus on managing corporate costs - H1 2017 general and administrative costs (excluding acquisition related costs) reduced by 34% to US$2.5 million (H1 2016: US$3.8 million) Material increase in production - net working interest production averaged 1.2 kboepd in H1 2017 (H1 2016: 0.6 kboepd), up 92% over H1 2016 H1 2017 revenue increased to US$5.1 million, up 74% over H1 2016

The usual has happened, since 2012, you know, when you farm out to someone who is skint! PMO, groan........when the news first hit, I had to look them up, I thought, weirdly, it was the Ferry company PMO. Thats how well I knew of the $2.8 BILLION indebted pile of crap it is now. This Garbage(Oil discovery and Production Company:- apparently ) has about a 10p per share value based on the money in the bank, might be a bit less, has made me doubt any future small CAP oilers. Not much point finding Oil, you wont make any money! They (RKH GARBAGE) have spent somewhere around �500 million on this venture, without a production drill bit hitting the floor! Without any cheque writer coming forward to fund the discoverys to production. With Sam Moody and his co-worker Jungles saying stuff like "Jackpot" and "These size fields don't get left" and producing charts that now seem to have been "upside down", I wonder, why they aren't they both in jail?

pile of **** . BOD, just fire sale this garbage, i'll take 35-40p and never invest in AIM oilers again.

Its been 5 years of loses for most here. This is dead if they cant get funding for SL

Nearly 8 years since discovery. Still no funds on the table.

fact is pillock BOR should be bust by now and don't tell me what to do.

Even BOR is outperforming this pile dog shite!

Needs to be a sustained rise. Also why buy this stock now ? Will funding get announced this year? Doubtful. 2018 may be when people start to pile in, should be some speculation on FID?

i know, I know, I'm just an farked off. Yep, I have thought the same before too! a whisper of any bad news in the Oil Industry, RKH goes down and seemingly more than anyone else ! Good news and it doesn't rise! I thought the positive noise about funding would push this over 30p, alas not. The market will bot turn until there is solid funding announced.

Only been $64 for 5mins. That wont materially change PMOs position , but keeping steady like this for a couple of months should start to steady PMOs ship. About �1M a day more that when at $50.

wake me up when its over 50p.

Sorry to those that got burnt here. I made a small amount here and sold for 110p, put it in RKH and well.....now 24p, but I still have something. Oil price drop and World Governments going to war on Diesel cars killed this , CEO knew it too I'm sure, this died 2 year ago

Finding 1 billion barrels and not making any money, unbelievable ! 40-50p and I would bite the hand off, just want to get out with something. This has been a lesson in not investing in small oil stocks, even if Oil is found they seemingly don't make any money. This was a 100/1 shot that they would find a big field , they did find it and instead of getting the big reward we have been wiped out! I want to throw rotting Cabbages and various other Veg and the BOD of RKH and PMO , put them in the stocks ! lol