Member Info for Surfit

As others have said if RKH were sure of 100mil+ from OM they would not have needed to sell the Egyptian assets. Why? Unless Navitas stipulated ( as others have stated) depends who is lending them money i.e. israeli in country only
I hope I am wrong but I am still just going on what the eddison report has stated for the OM payout..after all RKH and they speak?
RKH have squandered too much already but Moody maybe wants another gamble (FOGL/OM/EGYPT).
Rgds Sft

Pmo are not shy on drilling and TD has all ready said in interview(s) how pleased he is with the dept.
One option would be IF their survey dept like what they see; they could do a seperate farm in as per 88e? They might have a bit of spare cash after raising the BP funds and selling Zama. Its something that has worked well for PMO in the past? It would also suit their long term moves..by getting a good cheap stake early but with easier funding if Navitas get the funding for SL?
RKH could have done it also but they do not carry the cash, savy, experience OR actual personnel expertise/dept.

Rgds Sft

It just makes it very hard to work out what the BoD are actually doing.
Unless getting information from another source unavailable to the general public of course which if true is good for that induvidual.

I still say look at RockRose and RKH.
I hope Nig is right, he does seem to lay it out there more EVEN now ..but I still say NO one can trust this BoD's especially Moody with the companies future unless they remain PMO vassal and are not intrusted with r3sponsible decision making.
Rgds Sft

Hey Cyan, I fully concur.
I think if you compare the Rock Rose BoD's and RKH's its day and night. I belive the markets have lost quite a bit of faith in "our" illustrious leaders and their business and decisionaking process.
We look to escape (after all is signed) but will not see the detail of what is signed just the bones.
I again ask when it comrs to the agm do not put your support for Moody retention.
Rgds Sft

Cyan, to add further AND balance with the quote from Moody for SELLING
"Sam Moody, CEO of Rockhopper said: "Abu Sennan has been an excellent asset for Rockhopper, but with activity ramping up during 2019 ahead of the formal loan application for the senior debt element of our core Sea Lion development, we have decided this is the moment to sell at a point where we can crystallise real value. Having acquired our interest in August 2016 for US$11.9 million and agreed to sell for US$16 million, plus benefitting from approximately US$4 million of free cash flow during our period of ownership to the effective date, we will have generated a material return on investment......"
SO THEY NEED A LUMP OF CASH....
When onto say:
We have a number of potentially transformational catalysts in the coming months including the hugely important submission of the Sea Lion project information memorandum to senior debt lenders, continued progress on Sea Lion financing DISCUSSIONS in the AUTUMN and the outcome of our Ombrina Mare arbitration in Q1 2020,"
https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2019/july/rockhopper-sells-egypt-s-abu-sennan-interest-to-united/
Question AUTUMN is Q3 2020?
Having given away more % of SL after realising the PMO contract (PREVIOUSLY written) that it was costing them a fortune to pay their % of the FEED and PMO could not continue...no penalty clause/ protection...what are the extra millions going on
1. Real OnG lawyers to sort out the new contract?2. To keep them in the manner they are accustomed? I mean they can not take a pay cut as this means they could not pay themselves bonus's
I also want to do a cross check on exactley how much cash they have burnt though since PMO came onboard.
If it all went on their % of FEED then also shows thier poor contract/business skill or savy. Wonder if the use the same law firm for these new contract with Navitas.
Rgds Sft

"For any newbies looking on, check out my posting, it's consistent and factual unlike some of the lying girls on this forum"

Hahahahaaaaa....noplease....hahahaaaa....ohhhhhohohoho..."factual" hahaaaa...please stop Nig...haahaahhaaa (head in arms banging table). Yes please read his past posts..."factual" hahahaaahhaa.....ohhhhh my
Great post Nig, way to lighten the bb mood, marrrrvalous
Kind Rgds Sft

Mature and reasoned discussions on this board.
Thanks to all.
Rgds Sft

Does not seem a lot to me
Fund % short change Date changed
Marshall Wace LLP 0.71% +0.11 16 Jan 2020
Total 0.71%
Via short tracker
Rgdrs Sft

That would be an interesting challange: 26mil+ gas boilers in the UK.
BUT they must assess I guess (white paper) at how they are to implement and do we have suffecient electrical supply to facillitate the replacement. Which I doubt adding EV's to the mix.
The white paper would highlight the issues involved.

Rgds Sft

Could be a good idea to adjust your sell limit up some if tesla's sp short squeeze is anything to go on gents.
Rgds Sft

I would suspect the UKEF would have to have upper, middle and lower calculations for PoO.
I would guess $65 (brent ) is the safe middle estimate?
I may be stating the (too) obvious of course.
Rgds Sft

Thank you Much for taking the time on the explanation.
I am only using the info (£32Mil) put out via the eddson report but as before I know you have look at it (OM) with some detail and you are not aline on estimating/considering such a figure.
BTW fully support your other points:
As has been posted before SL is a drop in the ocean (may be a bad turn of phrase) with regards oil demand.
We and especialy the UK and its territorys need continued Oil and Gas development AS we move into more enviromental and energy sustainable future.
Concur on eventual rise in big oil and hopefully serious squeeze on shale investment/production
ALTHOUGH
There is some analyst (Bloomberg/CNNBN) speculation that the forth coming shale bond bubble that is going to pop MAY affect a noticible number of USA (Texan in particular) banks...to what scale or result was not put into detail.
Rgds Sft

Thank you Auson. I just could not find any data on the pre meeting i.e Oil price news or via google (news outlets).
Where did you find the info? Thanks in advance.
Not seeing a charging point at every house/ home yet. Then I might worry. Oil is around for a while yet (imo).
Rgds Sft

PoO fighting back...buyers thinking it may have bottomed out?
Is that them getting in ahead of OPEC+ March 5th meeting. Which seems a long way off.
Do they (PoO buyers) have news it will be early (Feb has been put in the Press).
Or
Markets initial panic over? Chinas infection figures I guess would be a key driver
PMO back above the £1- thats good.
Rgds SFT

Thank you Much.
We will see. I really hope your right on £150 Mil.
I know you have read up on this a fair bit. But you firmly belive that will be the award? and the share price will attract sufficient buyers in the current market?
Or does the sp automatically get re-rated?
Rgds Sft

WTI below $50 threshold, we may hold up as we are not effected by oil price now that we do not have and income in the industry anymore.
Lets hope we will get an OM result to boost the sp up a couple of pence.
Would we get back to 20.95p as when Navitas step in? Why did it not hold?
Short tracker still has no shorts data ( above 0.5%) declared either.
Fingers crossed again hey.
Rgds Sft

Any bets on the SP: Close of play Monday?
Plenty of buying opportunities to come yet again.
Could we break new lows encouraged by virus/PoO combined with market sentiment to the "booming" news we recentely received.
Our skipper mans the helm, navigating a course as befitting his and his crews skills. As passagers we are asked to belive or told we should abandon ship; despite paying full price for the voyage.
No complaints! tis mutiny to speak againt the captain and his gallent crew!
Loyal as she is the captains cook: Carandra Simples shouts in vain: "Shipmate there be no monsters nor no reefs just fair winds and plain sailing ahead me dears"
:-)
Rgds Sft

Thank you Mogger.
Still a bit to get completed.
Legislation – project management
5.6 Project management of the oil readiness programme has significantly improved with the
introduction of dedicated project management resource in Q1/2. This has helped
considerably in managing priorities and workloads as circumstances change over the
year. However, VERY RAPID CHANGES over the Christmas/New Year period in this area
mean that the PiB report is out of date in relation to the oil readiness programme. This
aspect of the report dates from the end of November (although it is not anticipated that
the CHANGES will significantly affect the timetable for oil readiness driven legislation)

Interesting comment: "..........VERY RAPID CHANGES over the Christmas/New Year period...."
Note: Made them upper case to highlight
FIG possibley NOT kept in the loop...?
Again thank you Mogger
Rgrds Sft

Rock Rose NL/NS really impressive group.
Shows the difference IMO

Re Auson: Yep sorry Auson. No more, promise. (-:
Rgds Surfit

Cyan, do you go to the AGM's? I wonder what our lager institutional investors think? Maybe as others have said no-one cares if the SP is up and we are in profit.
But I do not think RKH will make it like Rock Rose has..still think markets do not have confidence in Moody. Just think if RKH had used its money to buy similiar NL/SNS assets!
Moodys money: Share issue(s) x3 i think? kerchinnnngs, PMO 's money kerchinnnng and we are producing? Kerplunk.
Moody in charge through out..is it true his great great granpa was Edward John Smith?
(-;
Rgds Sft