Member Info for Surfit

See the Pongo's been abusing reasoned debate on ADFN with his usual intelligence and measured reposte's.
Check out the massive "short" placed (NOT) on RKH at
https://shorttracker.co.uk/company/GB00B0FVQX23/
Small investors should be very careful of such blatent and unsubstantiated ramping.
Rgds Sft

Eddison report 23 April: Still no change to their OM payout valuation.
"........We estimate that these will be recoverable at c $20m on a risked basis in our valuation using a simplified approach, which assumes a 50% chance of recovering the associated acquisition costs. We have not carried out a loss of profits calculation, but press reports suggest it could be materially higher, with the claim running up to €275m plus interest. Clearly, there is material upside to our valuation in the event of a damages award to Rockhopper. Indicatively, a $50m award to Rockhopper net of costs would be worth up to 8.5p/share to equity holders........"

Who or where had the calculation of €270 mil come from i.e. any links or has that number come from our BoD i.e using their proven financial "savvy"???

www.edisongroup.com/publication/parties-committed-to-complete-sea-lion-deal/26659
Note: Thanks to Cyan for link

Rgds Sft

"At the time of writing, our data says that Rockhopper Exploration plc has a market cap of UK£29m, and reported total annual CEO compensation of UK£540k for the year to December 2018. We think total compensation is more important but we note that the CEO salary is lower, at UK £373k. We took a group of companies with market capitalizations below UK£162m, and calculated the median CEO total compensation to be UK£267k..............."
But as Sam has broght so much value to the company and its share holders SAM will pay HIMSELF DOUBLE. That could be brought up at the AGM when voting him off the board.

https://www.google.co.uk/amp/s/simplywall.st/stocks/gb/energy/aim-rkh/rockhopper-exploration-shares/news/is-rockhopper-exploration-plcs-lonrkh-ceo-salary-justified/amp/

Rgds Sft

Quiggers/ Woodstock thank you for the input and advise.
Appreciate the time and consideration
I was looking at Interactive Brokers, I use ii at the moment...but IBKR may be a bit too complicated for my current level of knowledge, or lack of.
Kind rgds Sft

Has any one used Interactive Broker?
And
Are there any decent trader couses out there or is it just read read and read more ...then learn on the way?
Rgds Sft

Decent artical, but as kenni points out, does Brent have enough storage locations...?
Its all about the virus, goverments shutting down industry / life styles/ social society because
a) its the right thing to do
b) we do not know if we could handle the mortality rate. If unchecked would it be as high as spanish flue
c) How much will this cost and can modern social society structures stand / afford this protection.
Look at the bail outs that are being pumped out
d) Post enforced lock downs, how long will it take for people to over come debt and spend freely
f) is a vaccine going to be the answer or
g) Will it mutate
h) on a positive it was not ebola other wise we would be right rogered.
Rgds Sft

The price of US crude oil collapsed by more than 105% to -$2 per barrel in a matter of hours, forcing oil producers to pay buyers to take the glut of crude which they cannot store, as rising stockpiles of crude threaten to overwhelm oil storage facilities.

Crickey

Rgds Sft

Hi not sure about the blogs.
Rgds Sft

Hi Plum

ADFN site location is:
https://uk.advfn.com/stock-market/london/rockhopper-exploration-RKH/share-chat

I think you'll find actual RKH discussion and debate going on over there. There are some weird posters but I will let their own posts let you decide. You do not have to sign in to view posts.
Rhds Sft

Excellent and informative discussions and posts by Cyan and Sch on ADFN. Also thanks to Mogger.

I would also think there will be no significant construction projects getting implemented in the FI's untill project sanction has been approved.
i.e. Has anyone heard of any oil and gas project (infrastructure) actually being STARTED down there?

Rgds Sft

What are the odds that Trump goes for Oil Tarrifs into the US?
Did he promise the Saudi's not to, thus getting them to cut. The potential for tarriffs must have been raised????
Does it resolve the problem for him: Protects US shale, jobs and make him look good.
How much would it affect the kingdom and potentially therefore undermine the House of Saud?
Rgds Sft

Will Trump go for Oil import tariffs into the US? The case for doing it is getting stronger. It suits his style, its makes him look good and protects the US shale business. He has history on using this as a tool.
I am not sure how easy it is for him to do, I have read he can impement on an executive order.
Its looking like its the only option....just depends on what deal was struck to get the Saudi's to implement the recent cuts, he may have used this as the stick....but as before when he imposed sanctions and got the Saudis to cut then gave dispensations away, so stuffed them.
I think this (from some articals) could be the next step. How would that affect Brent?????
Rgds Sft

Correction not so dependent ....not "independent"

But as said US shale is a major culprit and not sure if Putin will cut again....he in my opinion is still in a good position: his sales are to Europe, Russia is not so independent of world economys as they have had to be more internally suffecient due to US /world embargos. He can string trump along and gain concessions know it (virus) will not be as financially damaging to Russia (less need to look after his population i.e limit death count news).
Saudi's on the other hand could be in a fight for financial survival.
All imo
Rgds Sft

Would the fact that the Saudi's have dropped the price again on their sales to asia affect WTI?

"Aramco Cuts Oil Pricing to Asia Even After OPEC+ Output Deal.....The Saudi state producer cut its official selling price for flagship Arab Light crude to buyers in Asia by $4.20 a barrel, to a discount of $7.30 versus the Middle East benchmark. That’s deeper than eight traders and refiners in a Bloomberg survey in late March said they expected, predicting a median reduction of about $3.60"
https://www.google.co.uk/amp/s/www.bloombergquint.com/amp/business/aramco-cuts-all-may-oil-pricing-to-asia-raises-pricing-to-u-s

Rgds Sft

I just cant see how the markets will be satisfied with the cuts. Although as a point of note some oillys in the US were only down 1.2-1.7 ish today.

We have not broken the back of the virus yet, cuts still will not cover over supply and storage issues and with so many loosing out on jobs/income it would also be highly possible that thete would be a consumer spending lag thereafter i.e. as people will have to pay off debt.
The above factors could therefore indicate that PoO remains at this level or goes lower.
Its has been reported (articals) that the previous price rise was the anticipation of the current cut?
But those that bought in on the previous lows must be feel safe.
Rgds Sft

Pretty balance appraisel by cyan on ADFN.
We are not going to collapse immediately thats for sure.
Note: Unless PMO or their creditors say hold further/longer
If PMO pulled out could they buy RKH at a really low price? Consider the put 23 into 88e and the walked or even do a seperate licence deal with FIG.
Licence expires April 21 now correct?
Again not sure what Moodys written into the contract with PMO.
There is a lot of chat about an OM 150 pay out, but the eddison report put forward 30. Not sure where or how they came to that.

What we need is some actual positive info such as a actual Navitas signing, update on OM or a significant reduction in out goings.

US Market reaction tommorow on oil deal should be interesting.

GLA
Rgds Sft

Crickey Nigo getting himself in a tiss...pongo needs to get off that life raft that loaded with gold I think.
Kind rgds Sft

Hey Comertoes
Sounds similiar to me, I just want to try and galvanise some voting support.
As stated in the past even if we get through this, I do not want that man in a position of responsibility / influence...let alone drawing wages.
Seen it too often in this business: idiots in charge. Not all the time but many oil exec's have gotten away with some hugh losses: inept decisions lack of process, lack of pre planning and prep, try and cut corners then spend double on rectification. When it goes deep six: make the cuts on field hands.
Penny "wise", pound foolish is the common term.
Any way, your point is taken onboard and i'll wind it in.
Best Rgds Sft

Valid point, but as stated what would they say. I am right? I do not think that is going to happen.
I questioned them in the past ( pre development info gathering and contractual safe guards) and was informed I should contact PMO.

They have not reduced their salary and in fact allocated themselves a bonus...what does that say?
Do you disagree with the issues raised, if so please enlighten me.
I appreciated that it may be getting a bit over done and will reign it in..... until nearer the agm. It more for those that look in...rather than long termers.
Any info update from the BoD on OM? Reflection of their attitude.
Respectfully & Rgds Sft