Member Info for Rookie1

Sorry I have got that figure wrong. 1350 bopd was Italian gas combined with Egyptian oil. Which at $50 is 24M a year. As for why you can�t see anyone wanting to be invested here. Sea lion is 500M stand alone, with upside potential to be 900M ( recoverable) with field extensions show to have an extra 250-500M on top of that. ( not quite sure if that�s Isobel or if that is another addition on top) We have 23% stake in the Monte Grosso field in Italy which is to be drilled in 2019 with expected 250M recoverable. They then have a no win no fee case on the ombrina mare field where they state to be go after the initial sum of �50M but potential loss of earnings claim could see this as a �200-�300M claim. While Current producing assets are covering running costs I would say the rock is a very attractive investment and once sea lion is sanctioned this will give massive returns within the next 5 years.

I wasn�t replying to you or saying 34M is a lot of money I was stating these figures because people who are invested here were talking about cash projections for the end of this year. I�ve taken your points on board now if you think rkh is so bad why don�t you spend more time on whatever your board invested in eh?

Just been looking through old RNS�s net pay to rock from Italian onshore gas looking to be 9M a year minimum and 25M from Egypt oil( assuming no problems with payments) 34M a year should see off any further cash burn from last year and hopefully a positive year end report? Also nearly a year since any update on compensation about Ombrina Mare? Would be nice cash injection.

There has been oil fields getting snapped up left right and centre by majors from what I�ve seen this last 6 months? Not saying your wrong, and granted that most of these fields are in already developed areas but I still think falklands will go ahead. Global demand will increase,there is no way renewable energy is having an impact anytime soon, however I can�t see $100 oil anytime in the near future either. I think $60 with highs of $80 will be the best we could hope for within the next 5 years so I wouldn�t agree with being a huge oil bull because even at $65 the rock still looks very feasible.

Backwards

This won�t be going anywhere if them bastard yanks don�t stop pumping. Oil has tanked!

Fair enough, well explained. I�m a stonemason,nothing today with trading and not exactly very clued up with how aim works.I didn�t even know you could trade shares direct I just thought a massive order had been filled after the last couple of days of selling.

Really don�t know what a 1,000 posts qualifies for so I�m going to say No I�m not joking, again, please enlighten me

I don�t follow? It was a buy?

Just seen the big buy,you don�t just buy �1.24M worth on a punt do you?

If we have been producing 1350 bopd for the last year at say an Average of $50 a barrel costin $14 we should have around 17-18M income? That should cover most of any expenditure this year you would have thought?

Yeah was yesterday. But bad day for oil all round so we got absolutely rinsed here instead of heading up to the 30�s like you would have thought

Scrap that it�s sorted itself.

I mean the bid is showing 23.70 and ask 23.50? Has done all afternoon?

Why�s the bid and ask messed up today? Or is it just mine?

Struggling to see that one today mate?

I have to abmit I�m less than impressed with this. Not rkh but AIM. 8.5% down on a positive LOI showing things starting to take shape. You can gaurentee a massive buy to go through tonight.

What is happening here? How the f**k can this be going backwards ?

I�m pretty sure rkh said 2020 first oil thinking back

I wouldn�t like to say mate as I am inexperienced in that department, I would think first oil by 2020 if FID is late this year. All starting to fall into place now though