I have seen that too. That was a very elaborate scam. Why the hell didn't he just became a CEO of a oil company without producing assets. That's so much easier to scam money out of people!
"much whining about how ‘Anglo-Saxon super law firms manage to find funding from investment funds to push companies into arbitration that they could not otherwise afford’. " So they whine about the fact everbody gets justice and not only the mega-corporations.
"Rockhopper and Navitas will seek to align working interests - Rockhopper 35%, Navitas 65%, subject to necessary consents" Looks to me that the 35%/65% are not written in stone yet - I hope this doesn't change anymore
More probable explanation: They couldn't finish the work in July and now everyone is on holidays (August is the time where Italians go on holidays), so we have to wait for the end of holidays.
I don't see a bad news for RKH, but I guess the market expected more concrete news about the RKH-project from Premier Oil. Just the usual "were are working on..." was maybe not enough for some bigger market participants.