Member Info for ralph2010

SP cant even hold 10p though.........

Pleasing to see some intent to get this going from Navitas, much better than the opposite.
I don't think there will be much of a rise in SP, the intent is there but the money still isn't yet.

RKH should be ok, but they will have to pay alot of debt from 1st Oil if they dont get something decent from OM. SP probably stay below 20p until OM

Any ideas what this will be worth to the SP ? Should stop fears of an imminent funding placement ? 15p i'll guess

Receipt of a letter of convenience from the Falkland Government stating that the oil property licenses will remain in effect after the transfer of control
Approval of the Falklands Government to release liens of RKH rights in licenses.
The Falklands Government's Agreements to Transfer HBR Liabilities in Relation to the Temporary Pier for Partnership.
In the SeaLion ( or the partnership or another company owned by the partnership (loans to RKH) through subsidiaries through which it holds

RKH will be limited in its ability to raise capital for purposes that do not serve the development of the oil asset and / or that impair its ability
RKH 's voting rights in relation to actions in relation to the first phase of the development of the Lion Sea discovery will be fully exercised for Navits until
FID , and at a rate of 3/2 after FID , until full repayment of the loan or cancellation of the loan agreement, except in matters
Consent of the Falklands Government to transfer RKH rights in oil asset licenses and make PMO operator in general
RKH in licenses (, the main terms of which, as follows:

The partnership the opportunity subject to the transaction. Subject: Signature of binding transaction documents for the purchase of oil discoveries in the Falkland Islands and for the development of the Lion Sea project
Following the partnership's report dated December 8, 2021, regarding the partnership's engagement in renewed understandings agreements with (Acquires from a subsidiary of HBR in a chain , all shares in Navitas Petroleum Limited
Background and description of the transaction 2022, April 17 And predict and publish it up to 60 days from the date of signing the transaction.

Rockhopper Exploration plc3
PMO to which in addition some of RKH 's rights in the oil asset licenses will be transferred in accordance with the terms of the Out Farm Agreement , so that upon completion of
the transaction, Navits will hold full capital The shares of PMO , which will hold a 65% stake in a number of oil discoveries, the main of which is the SeaLion discovery , are in exploration
licenses and pier and image infrastructure as the project operator. In addition, the partnership will provide (directly or through a company owned by it) loans to RKH in connection with the development of Phase A of the
SeaLion discovery ( as detailed below).

HBR" , "PMO" and "RKH ", respectively, and reports dated February 1, 2022 and April 3, 2022 regarding the extension of the binding exclusivity period until April
30, 2022, for the acquisition of 65% of the rights in a number of discoveries Marine oil in the Falkland Islands, the main of which is the SeaLion oil
discovery and other exploration licenses and for its appointment as the new project operator the binding employment agreements were signed whose main terms are detailed below.

Never does with this pile of dung.......

Never thought I would see the day where Putin comes to Moodys rescue, I never could have imagined it ! Not sure how I feel about it tbh, I dont like Putin or his gang of thugs !

OK, a 50% rise and i might get excited

There is no volume. Dont think there is anything good happening just PIs taking a bet

Yep, this Russia thing seems to be a polar shift for global energy that could last a generation(s). Unless Putin suddenly popped his clogs and a new leader renounces everything Putin has done ?

Anyone else nearly have a heart attack when those rubbish price RNS comes through !

Its now or never for RKH, Navitas has already stuck its neck out a bit on this I think they are doing all they can to get this going. If someone gets the dosh to press fire I think they will do very well

North Sea isn't always alot better:

North Sea
EnQuest now expects it will reach its cash flow breakeven point at an oil price LCOc1 of $33 a barrel
Usa
According to a 2021 survey, the average oil producer operating in the Eagle Ford oilfield in the U.S. needed WTI oil prices to amount to a minimum of 46 U.S. dollars per barrel in order to profitably drill a new well

As oil is at $100 FI becomes very attractive with low tax, most of what is above $40 is profit, that is not the case for the North Sea.

Cambo has 800MB, but there was a figure of 1 barrel in the FI is worth 3 in the North Sea due to the tax situation. Could delek be willing to triple their money in virgin area ?

I would think the Gov could help in some ways, but I would be very surprised of any comments made in public, given that Argentina will start crying about their imaginary "Malvinas Islands"

Yes, Sam has been woeful and not many have been more annoyed about the last 10 years than myself. But this could actually come good or at least create an opportunity to get something decent back this year.