Member Info for SpaceHoppa

Sensible strategy WhaleSnails. Think many feel as you do. I may buy a little more once I know 100% the $35m is going to be paid into Rocks account.

I think what we should rest assured about is that we now have proof that any of the directors would be allowed to sell if they wanted to, however have decided to keep hold of their 5.3million shares. They're sitting in for FID by choice !

'I don't suppose anyone could kindly decipher that for me in simple terms'.

They aint going bust and hobnobs are back on for the AGM.

Well after the non-news a director sold a tenth of what I hold, did anyone read this little para in the accounts?

' Going concern is no longer considered to be a key audit matter because the Group and Company significantly

improved their financial position in 2024 following receipt of EUR 19 million in respect of tranche 1 of the Ombrina

Mare Monetisation in June 2024'.

Directors hold 5.33million shares

Baker has sold 50k, probably for a new kitchen or daughters wedding.

It's a scary story only for bedwetters.

And Baker still has 234,181. Time to wet the bed is if they all start selling.

Annual Report out. Somethings a bit out of date after the last hectic few days.

https://rockhopperexploration.co.uk/wp-content/uploads/2025/06/2024-RKH-Annual-Report-FINAL.pdf

You don't try and get funding before having a finished project to fund. Navitas can't ask for finance before knowing how much to ask for, pay back period, profit projections etc. TiddlywinksMaster is obviously another attention seeker. Best ignored.

I think people are over analysing the insurance. It's quite straight forward. If annulled pay us Eur31m. The why or how is irrelevant. I do agree with 99Icecream in that Rock will probably have to pay it back if they subsequently do receive funds from the OM award.

Re SM having any knowledge about a lawyers past criminal history and how that might effect an ICSID case, 100% barking mad idea I feel. If anyone are at fault it is K&S and ICSID themselves. Although up until this week its never been an issue ever before either.

OM case will probably get reassessed, but I feel Rock may monetise it further or allow it to progress under the same terms.

Also just a thought, as Daikihaku1 kindly posted ''5. Resubmission: If an award is annulled, the dispute can be resubmitted to a new tribunal.'' And the monetisation agreement said

Tranche 2 - Additional contingent payment of Eur65 million upon a successful annulment outcome.

Ø Tranche 3 - Potential payment of 20% on recovery of amounts in excess of 200% of the Specialist Fund's total investment including costs.

Is it possible Rock sign over all of the potential future pay out, for an upfront fee of say $10m?? Is this what they mean by in discussions with the specialist funder?

As was mentioned yesterday, sorry I don't remember by who, and despite all the volatility of the SP yesterday on what is clearly a miscarriage of justice at the highest level by our elite classes, Rocks SP ended up just 5p down and as of today, is still in the uptrend, albeit at the bottom of the up trend line.

Assuming Rock get the $35m insurance pay out, then they are still in a very good financial position wrt FID. It is very much all to play for and this line from the RNS ''Rockhopper is in discussions with the specialist funder of the Monetisation Agreement regarding possible next steps.'' suggests that Italy isn't off the hook, and I hope the specialist funder gets what they rightly deserve, and Rock may still get some Tranche 2 and 3 money in another 8 years.......

I agree Bigred7, the whole point of insurance and the $4m fee is to cover for the seemingly unlikely events, like that ICSID would bow to the corrupt shenanigans of EU/Italian pressure. I still want an early indication from management that the claim has been accepted.

It is really interesting as to how this corrupt ruling will affect ICSID's cases involving Charles Poncet past and present, or any case where this argument has been used before. ICSID were utterly stupid to bow to this precedent.

As for going forward, I'm of the opinion that the issues at ICSID, do not affect Rockhopper, or the insurance pay-out. Surely it's the insurers responsibility to weigh the risk and set the fee. I would very much like to see Rock announce asap, that the insurance company have accepted the claim and will pay out.

Doing the maths, assuming Rock need $48m for FID, and will have perhaps $18m cash by the time of FID, even if worse case, the insurance pay out is delayed/disputed, and Rock needed FID deposit, then at 47p, just 60m shares brings in $36m. Add that to $18m and bingo, $54m, enough for FID and just a very liveable 10% dilution.

It's good to see worse case isn't that bad, however I still want to see the insurance pay out approved asap !

''With FID decision delayed till Q4''

OilTraded, your first sentence is factually incorrect. It's H2, so could happen 1st July. Facts matter.

For some informative posts today. Too busy to contribute but Rolf1001 is filtered already. Would be good to know how long it takes for the insurance to pay out if anyone in contact with management.

Oh, and don't be surprised if we finish in the 50's ! The numbers are lower but there's been good news today and I'm glad we're rid if the OM shiite !!!

Its corrupt EUR31m, which is US$35m

Not a bad day, but should have been better

Almost certainly pressurised by corruption of EU imo

Smart move by Rock. The report is from the same company that did Nav's, so the result was pretty much the same and it probably cost very little as Netherland, Sewell & Associates, Inc had already done the work and just had to replace the name Navitas with Rockhopper 😁😁

Publication of Independent Resource Evaluation

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin ("NFB"), is pleased to announce the publication of an independent resource evaluation conducted by Netherland, Sewell & Associates, Inc. ("NSAI") on behalf of Rockhopper.

Key information:

- Unrisked gross contingent resources 2C 917 mmbbls

o 321 mmbbls net to Rockhopper

- Unrisked gross contingent resources development pending 2C 727 mmbbls

o 255 mmbbls net to Rockhopper

- Value of the Rockhopper net 2C 255mmbbls 35% working interest in Sea Lion is US$1.8bn

o net of royalties and taxes at an oil price of US$70 Brent

Finally ! Indeed, whichever way it goes, and it's highly likely to go in Rocks favour, this is good to know.

https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/17/14