Member Info for wraith

woof,.... I also have similar figure pencilled in, with about £3.93m left for OXUS,...... after allowing for Calunius to get the £6.15 plus costs since June 2015 back, plus a return of approx 17% on their investment = US$8m approx,.... also allowing for half Tribunals Fee's & expenses ( Average UNCITRAL costs: USD 853,000 http://www.allenovery.com/publications/en-gb/Pages/Investment-Treaty-Arbitration-How-much-does-it-cost-How-long-does-it-take-.aspx ) of approx US$426,500. So have not written these off,..... just dancing in the dark with the figures though, until we get that clarification. Tune whilst we wait for clarification, https://youtu.be/129kuDCQtHs . BW

swainer,... in this RNS http://online.hemscottir.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=2208439971348480&ir_client_id=4252 , under Litigation funding agreement, we know that at 30 June 2015, the Company had received $6.15 million of funding. We know from this RNS http://online.hemscottir.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=2306779690041344&ir_client_id=4252 , The Tribunal awarded the Company USD 10,299,572 in damages with interest of LIBOR + 2% to be compounded annually as of the corresponding years 2004 to 2010 (the "Final Award"),......also that the Final Award obtained by the Company has to be considered together with the outstanding claims of the third-party litigation funder on this amount and the Company's other outstanding liabilities. We also have a Retained deficit of US$140,056m in our accounts http://www.oxusgold.co.uk/uploads/AR2014.pdf . What would be good, is clarification on the outstanding claims of the third-party litigation funder. BW

johntroy,....What I am taking away from this,...,when considering what the funders chance of success is based on;- ie their fee's being achieved, with only a derisory award being achieved,..... so, I will not be investing in any more legal plays such as this. BW

kirstie,....The article ( http://en.trend.az/casia/uzbekistan/2473338.html ) you refer to, clearly states,- “On December 21, arbitrators totally rejected the claim of Oxus Gold on the “Khandiza” project, the court of arbitration also rejected the claim of the British company's joint venture “Amantaytau Goldfields”.- so I read that as a No Win verdict,.... I assume your referring to this paragraph,- "Representatives of the British company plan to soon begin to prepare a new suit against Uzbekistan for the submission to the court of arbitration in Paris, according to Oxus Gold".-....... I also assume this will be based on these paragraphs-"At the same time, an international arbitration court obliged the government of Uzbekistan to pay the British company nearly $10.3 million and interest for 2004-2010 (LIBOR + two percent) as compensation for the violation of the agreement on protection of investments between Uzbekistan and the United Kingdom. Uzbekistan violated this agreement by changing the taxation regime for the “Amantaytau Goldfields” joint venture in 2006 and 2009, according to the judges."- Hope you, & everyone here holding OXUS shares, had a good Xmas. BW

Yes, RS has my support also,... not many trading days left in 2015 (about 8 I believe),...... having first bought OXUS early 2009,..... if it does run into 2016, that is still VNF, in my time frame of being involved with investment her. BW

Just been looking at The Share Hub article of August,29 2014, where they estimate we have Years of Tax Losses of £150m ( http://thesharehub.com/?p=9614 ), this, with our cash position ( US$10.1 million ) & no debt,... will add myself when Funds permit. BW

It reads as a set ratio of 1 FOGL share = 0.2993 RKH share. BW

Read it the same myself. As you indicate, either way makes no difference, if your in for result,... just hope we get it before end of 2015. BW

swainer,... I paid s/p@3.33p when Bid was 3.2p & Ask 3.49p, so I can see why you read it as a buy, with the Bid 3.15p & Ask 3.49p at 15:13. BW

Its a share swap at ratio of, for each FOGL Share you get 0.2993 Rockhopper Consideration Shares, no cash,.... multiply your existing FOGL shareholding by 0.2993 to give the amount of RKH shares that you will receive in their place. BW

If I understood the Audio of Analyst Conference Call 24 November 2015 on RKH website correctly, this merger should help progress Sealion & the North Basin, which I see as good news. Here is RKH link: http://www.rockhopperexploration.co.uk/rockhopper/investors/documents/important-disclaimer/listing-documents.html BW

Just managing the risk as I see it, after Humpback,.... hope the merger goes through. BW

HeresHopin,.... that's the way I look at it, when Selling FOGL to Buy RKH its not just a simple s/p equation, there is also the risk element (merger not going through),..... I was not holding any RKH, so sold some FOGL to Buy RKH, although still retaining a larger position in FOGL, at present. BW

Have been here awhile myself, don't mind the waiting, was hoping to be celebrating a decent size win by 17 December (my birthday) 2015,..... but then I recall having similar thoughts around this time last year!!! The UN Hello, https://youtu.be/iJZYG5qwHHI BW

winger1,... I'm also still here patiently waiting, in my view the ARG deal has always looked good. For those that may not have seen the deal, from RNS 21 September 2015: "Under the terms of the Agreement: Noble will assume operatorship of Licence PL001; Noble and Edison will earn a 75 percent and 25 percent working interest in the Licence respectively in return for drilling an exploration well in the Licence Area during the current drilling campaign to test the Rhea prospect* at no cost to the Company; The Company will retain an overriding royalty interest of 5 percent of gross production from all hydrocarbon discoveries developed within the Licence Area (the "ORRI"). This interest is retained free and clear of the need to contribute to any future capital or operating expenditures incurred over the life of the Licence; The Company received US$2.75 million in cash at completion and will receive a further US$800,000 per annum from 1 January 2016 through to receipt of the first royalties pursuant to the ORRI, amounts which are expected to be sufficient to meet all anticipated transaction costs and running costs through to receipt of the first royalties; The initial exploration well to test the Rhea prospect will fulfil the remaining work obligation on the Second Exploration Term of the Licence; Should Noble and Edison elect to surrender the Licence following the drilling of the initial exploration well, the Company has retained the right to have 100 percent of the working interest reassigned to it, subject to appropriate Falkland Islands Government approvals." * Rhea has prospective recoverable (P50) resources of 443 million barrels of oil. As always, only time will tell. (Tune for weekend: https://youtu.be/7wfYIMyS_dI ) BW

eegbvi,... I'm holding ARG,.... I have yet to have a financially rewarding experience, when Texans are involved, hoping ARG will break this trend,..... although this FOGL situation, leaves me apprehensive. AntsPants,.... I'm not overexposed at BOR, thanks for asking. Tune, here is one of favorite artists: https://youtu.be/rYEDA3JcQqw BW

jester16,... agree with you on both counts,.... it was a Texas outfit, I was referring to in my Fri 01:05 post. BW

From today's RNS: "Antrim, with its current cash resources, no debt and no decommissioning obligations, continues to maintain a strong financial position. Working capital at September 30, 2015 was US$10.1 million (CAD $0.07 per share) and in November 2015 the Company collected amounts due from its former joint venture partners for their portion of the successful 2015 abandonment program." Then we have the available Tax Loss position here, plus acreage looking at being back to 100% level. BW

eegbvi,... that's how I read it, that clause 9.3 is over all of the FOGL acreage, which I also find very disturbing,... as you say it could just be badly worded, I hope so. BW

peteb308,... with the past experience I have had, I am very uncomfortable with clause 9.3,... your confirmation of no further obligation on SFB drills, gives some reassurance. BW