Member Info for SpaceHoppa

Hi Lassonde, I'm just lurking in the background waiting for FID and reading some great research finds. We ALL know FID is going to happen, some have thought that for a long time!

Pretty much everything that could be said, has been said, so I'm just quietly waiting still with my 400k safely locked away, oh and enjoying my lazy retirement 😊

November 26, 2025 - Following appointment by the Respondent, Jorge E. Viñuales (Argentinian/Swiss) accepts his appointment as arbitrator.

Back to sleep😴 Zzzzzzzz

$200M, is a ball-park figure to fund 2/3rds of Rocks SL costs not covered by Bank finance.

They may wish to liase with others but Rock donn't have to co-ordinate with anyone for half year results as it's just historical data and they don't have to say anything about current situation.

They may be waiting for news to add into the half years or more likely I feel, just haven't competed it yet. It's not overdue afaik.

''Any technical analyst geeks out there with a view?''

Hi Sasntos1, I am by no means a technical geek wrt TA, however we at75p touching the upper trend line, of the original upward trend lines that go back to December 2024, or you could say we are at the bottom of the steeper more recent trendlines that were created when we moved to 90p.

I feel that the closer we get to the expected FID decision, it will mean we are more likely to move into the steeper upward trend line, than drop back, but as I have said before, I feel Rocks SP is at this time driven primarily by news, be that via RNS's, FIG, Navitas, Mogger or other t'internet sleuths.

At the end of the day we are still very much in the upward trend, and I see no reason that it will not remain so in Q4.

To repeat what has been reported before. At the AGM SM suggested Nov as his best estimate as to when FID might happen. He'll know more than any on here so whilst it's in Navitas's hands to pull the trigger, pre November would be a pleasant surprise as far as I'm concerned, and it's only 7 weeks away!!

Well we didn't quite get down to the lower trend line around 65p, but came close. We finished right at top end of upward trend line so it will be interesting to see if we remain within, or pop back into the steeper upward trend lines.

Quick story why doing nothing is often the best strategy. Big fat mate said he'd sold £50k around 69/71p hoping to buy back at 66p. He bought back higher, and lost £1.5k the P.lonker. Other mate asked if he shld sell his 75k when price was 72p, I said not recommended, hope he didnt.

Well vote is over and as widely expected. Rock have finances filled to the brim and can hopefully concentrate on reapplying to take ROI to the cleaners as they have little else to do now other than exploit their good relationship with FIG and liase with Navitas.

Fundamentally nothing has changed, other than sentiment. We were probably over bought in the 80's, and probably oversold in the 60's. Bottom trend line about 65p so hopefully that will hold but nothing is certain. Still just a waiting game until FID. The cheap 53p shares upon FID probably wont subdue the SP as FID trumps the dilution I feel.

Quite agree Mirasol, as a reasonably LTH I really do not care if we drop to 53p, or rocket to 93p this week. What matters is we get to FID and the rest of the story will unfold in a positive way, £1 to £2, regardless of what goes on in the next few weeks or months.

LTT, also agree, tomorrow the placing vote will be announced, all the pro and against reasons have been aired and nothing said today will alter the result.

Unless we have a surprise no vote, then we will on FID be significantly diluted by 30%, however have a very large bank balance of over $200m, and about$250m once the warrants are activated.

Rock with SL FID in the bag and $200m in the bank will be a wholly different beast to Rockhopper we've known for 15years.

If 'risking' a decent amount, there is some money to be had here. I'm not a big trader, however I have done several 10k trades for a few hundred pounds, and earlier did a 20k trade, 217.2, sell 220.2 for £370. It often drops 3 or 4p, then pop backs up again. Not a recommendation, just an observation. I currently hold 30,000 at 213.3 average, and am very happy to hold this share both for it's divi, and it's likely capital gain.

Hi Stevo12, it is annoying when t'internet gives conflicting answers. This seems quite conclusive, if true.

@Grok Did the UK Govt sign up the Falklands island to the Energy Charter Treaty?

No, the UK Government did not sign up the Falkland Islands to the Energy Charter Treaty (ECT).

The ECT, signed in 1994 and entered into force in 1998, is an international agreement promoting energy investment and cooperation, primarily focused on fossil fuels. The UK signed and ratified it as a contracting party. However, the treaty's territorial application is limited: it extends to the UK mainland and has been explicitly extended only to the Crown Dependencies (Guernsey, Isle of Man, and Jersey). It does not apply to any UK Overseas Territories, including the Falkland Islands.

This exclusion was confirmed in 2022 by the Falkland Islands Government (FIG) in response to concerns about oil exploration and the ECT's potential to hinder environmental regulations. The FIG stated that the treaty "does not extend to the Falklands, or indeed any UK Overseas Territory."

As a result, ECT protections or obligations do not cover energy investments in the Falklands, such as offshore oil projects by companies like Rockhopper Exploration, which has pursued drilling there without invoking the treaty for disputes related to the islands.

The UK withdrew from the ECT in February 2024, effective one year later (February 2025), due to failed modernization efforts and its misalignment with net-zero goals. This withdrawal applies only to the UK's core territory and does not retroactively affect the Falklands, which were never included. No evidence from official sources, including the Energy Charter Secretariat or UNCTAD's investment agreements database, indicates any extension to the Falklands at any point.

According to Grok, which I find less DEI/woke than ChatGBT:

No, the Falkland Islands are not subject to the Energy Charter Treaty (ECT).

The ECT, signed in 1994 and entered into force in 1998, is an international agreement on energy cooperation, investment protection, and dispute settlement, primarily involving European and Eurasian countries, as well as the EU. The United Kingdom is a contracting party to the ECT. However, Article 40 of the treaty allows parties to extend its application to specific territories through a formal declaration to the depositary.

For the UK, this extension has been made only to certain Crown Dependencies (Guernsey, the Isle of Man, and Jersey), but not to any British Overseas Territories, including the Falkland Islands. As a result, the ECT's provisions—such as investor-state dispute settlement—do not apply to energy investments or activities in the Falkland Islands.

Regardless, I feel it is beyond credible that the FI's would not approve SL given the importance to their long term future that hydrocarbons will provide.

On the subject of is the upcoming vote 'priced in. In my opinion I don't think so, it is regrettably imo, likely to get a big vote in favour of over-diluting ourselves unnecessarily, but believing it will pass, is not the same as knowing it has passed. I suspect the drop to the 75p support line and bounce off, was probably the best price for those wanting in, or wanting more. Not long to find out I guess.

Morning Much, just a minor correction. The money for FID is already confirmed with the $115m placing which is not being voted on. Rock are well financed regardless of the upcoming vote.

Also good to hear of all the retirement plans people are making. With luck many more with Rock/Navitas's help, will be getting out of the rat race.

Also good to see the SP kiss the lower 75p trend line, and bounce above. Hopefully it will start to move back towards the upper line as we get closer to the expected FID decision in perhaps just 8 weeks or so.

The lower trend lines, which we are still currently above, are approximately 66p ish to 75p, but feel free to suggest any random figures you wish.

So trying to be more pin point accurate I'd say the upper line of the previous shallower trend line, is about 75p.

If we fall below that then we are back in the shallower upward trend and the lower line is 66p ish. Not suggesting we will drop below 75p or go that low even if we did, just an observation fwiw.

Does seem to be an influxe of new wet wetter to this forum recently, which is sadly quite normal when an SP has a correction. However, not that I'm a big fan of Technical Analysis for companies like Rockhoppers news driven situation, but checking out the charts you will see we were in a narrow rising channel channel up until just before the funding RNS, and since then the SP broke higher and is now in a slightly ''Steeper'' rising channel.

We reached the top at high 80's, and are now at the bottom of this new steeper rising trend. For what it is worth, I think we have corrected pretty much as we are going to, and would think we might plateau or move higher again.

'' the Falkland Oil journey has been a complete disaster for LTHs.''

Speak for yourself. As a LTH since 2010, it's become a pleasant dream. Guess you didn't average down sub 10p like many faithful LTH's did??

Gentlemen, and women, thank you all very much for you good wishes. Very much appreciated, however this is the Rock forum so stop it before I gush😂plus I still have 130minutes left of hard grafting.....not.

The 'big heavy weight Rampers' who have ramped the SP from 13p to 80's have been 100% right to be bullish as Rock found a partner in Navitas that could finally get SL over the line.

It's all but certain FID will happen so there still appear to be good upside both near and long term, although we are now looking at a longer term one or two bag in perhaps 3 or 4 years now.

On a personal note I've only sold 20%/100k which has secured my retirement, of which today is my last half day😁🐧

Hi Nikb kind of you to say I'm a nice guy, I'm definitely an obstinate guy and unafraid to be unpopular if it's what I believe. I want what's best for myself, other SHs and the company. The 'extra' $25m is purely what's best for the Placees. Doing maths, $20m in cash, 31m from insurance, 115m from first placing and they can still do 9m from an OO. That's $175m!! The $25m "contingency" is an unnecessary vote to see harm my investment and that's why I post about it and think its a mistake pre FID.

Markednmbr1, doing the maths of what cash is available for the OO, and the number of shares in issue, you will be lucky to get one 53p share for every 40 or 50 you hold. Its an insult compared to the one for every 4 the Placees are being gifted with. However most posters seem to think voting Against might leave Rock short for FID (It wont) and think they'll make a killing in the OO (they won't) so are voting to dilute themselves unnecessarily imo. But how we vote 🗳 is an individual decision, but should be based on facts, not scare tactics.