Member Info for Rot1

BP. Wins licences in Gulf of America in Trumps latest offer.

There is no RNS statement of £8B sale, this is guess work.

EPL 78% tax drops out after 6 months at prices below $74 a barrel we must be approaching that shortly then 40% tax

If memory serves me right, this was floated at £2.50 and the company is in a lot better shape than then, this will bounce back, just hope oil climbs.

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Says it all really

His wife is an environmental high court judge, says it all.

Also a member

It's ongoing, they are extremely enthusiastic for Cambo, FID next year, but it is complicated. It appears the Labour government are changing their stance on the North Sea. ( about time fkers)

Monet 2

Ithaca are having a communication day on October 29th and it's regarding Cambo and the activities for next year .

Looks like Cambo is getting the go ahead, Ithaca gearing up for it next year. Hopefully a positive update on Rosebank soon.

Thanks J.S.B

Does anybody know when it's actually paid into your account mine is with Halifax, not paid in as of yet.

They can't sell for 90 days after the sale & purchase,( no one has mentioned placing ? ) and why would they when they paid £2.13 admittedly with the dividend discount. It does seem a 20% fall in SP is over done considering it was only 3% sale and purchase and was completed very quick.

The word offshore Rosebank project going ahead late next year and Cambo 2027

The institutions have bought at £2.13 £100M worth in a very short period they will of had reassurances and they are locked in for 90 days, and they will be in for more than a10% profit, there will be reasons for the 3% sale and we will probably never know, but nothing sinister and i reckon the SP will rise now especially with oil up 3% as I post.

If Rosebank gets the go ahead it could go to £2.50 to £3 very quickly

One of the reasons probably is that with a SP of 72p the MKT Cap is £460 M but it isn't, it's more like £560 M and more shares to be issued after the new capital raise.

This is a complete disaster, Swindells and the rest of the board, should be banned from running future businesses, the shambles over Pensacola is unforgivable, no plan B, yes you can put a lot of blame on with this awful government, but the management are paid to manage. I personally sold out at an eye watering loss in December and made back a few quid on Rockhopper, but my main investment was with Deltic. From around 88p to 7p FFS, talk about snatching defeat from the jaws of victory.

NSTA extends Cambo license till 2027, that's good news.

I'd like to thank Sam for per suing this and although not the final outcome that everyone wanted, but If you break it down firstly we got shafted by the Italian government and 12 mile exclusion zone for oil and gas exploration and production, then extortionate legal fees ( although no win no fee ) we win 🏆 sell the award and get guaranteed £19 million tranche one in the bank all legal fees paid, tranche two to come, but now annulled and we are still getting £31 million Result. We all would have jumped at the thought of that in the beginning. The insurance companies have lost out big time firstly when the award was sold and now the back up insurance policy for the arbitration annulment, i just hope they don't try and wriggle out of it on a technicality. I also wonder if Rockhopper can still maintain the license for Ombrina Mare as clearly it's worth a lot of money and the world has now changed back to hydrocarbons thanks to the big orange man. Well that is apart from us under TTK (FKer)