Member Info for wraith

In the short term, all this does, is to compound the uncertainty, which resulted from the AGM, (imo).

As a shareholder, why would you want to do this, with Gold Price at around US$1,810 oz ( https://www.bullionvault.com/gold-price-chart.do ), & POX Hub now producing,......agree with you, where you suggest, it has the effect of suppressing s/p growth.

We will be voting, for the old board.

BW

Not a PMO shareholder myself, Godders99,...only bought back into RKH, a few weeks back, after checking out PMO website,.....that's, where I'm getting my Sea Lion guidance from.

As for the arbitration result,....not been back, as an RKH shareholder, for very long,.....happy to wait, for that, especially under, the current world situation.

BW

Yes pauldrayton,.....on the 24 Apr 2020, in the video below, he indicated, that Sea Lion would likely go back six to twelve months, & was ready to go,...oil was around US$22 bbl, at that time.
Source : https://www.proactiveinvestors.co.uk/companies/news/918105/premier-oil-plc---proactive-one2one-virtual-event-918105.html (from 28:18 into video).

On 22 Apr 2020, in the PMO 2019 Annual Report and Financial Statements
Year to 31 December :
On page 8, Sea Lion stands out, under the heading,
"Investing
selectively for
future growth"
Source : https://www.premier-oil.com/sites/default/files/reports/pmo-annualreport-2019.pdf

March 2020
2019 Annual Results Presentation, on page 15, it is indicated,
" Corporate actions to be
completed before
financial guarantees
can be secured"
Source : https://www.premier-oil.com/sites/default/files/presentation/2019-Annual%20Results-Presentation.pdf

PMO trading update video : https://webcasting.brrmedia.co.uk/broadcast/5f0ded7a4c167c12157967fe

BW

Bought back into BOR & RKH, a few weeks back, scoredagainsteps,....got the lions share, of our shareholdings, in Gold shares, at present.

BW

Not out of pocket, here at RKH myself, Godders99,.....different story with Desire though, got caught with the Oil to Water RNS,....my RKH profits, more than offset, my Desire losses,.....we have the old Desire acreage now, & I'm back for it, plus Sea Lion oil field, of course,.....as long as it takes.

BW

Looking back at comment made, in RNS dated 27 June 2019.
Extract :
Sam Moody, CEO of Rockhopper, commented:
"This decision represents an important step in the wider arbitration process. While much is still to be done, we remain positive on the prospects of the claim and look forward to an outcome in early 2020."
Source : https://otp.tools.investis.com/clients/uk/rockhopperexploration2/rns/regulatory-story.aspx?cid=441&newsid=1303191

I'm expecting an award, also,....with covid 19, raising its ugly head, since above RNS date, the delay is understandable, (imo).

BW

The uncertainty created, in the short term, has not taken my focus off, the POX Hub technology,....been sitting on hands, here at POG (since AGM), with our existing POG shareholdings,....POG looks to have a very good future, (imo).

BW

Just had a look ,.....agree with you, looking at Gold Price, combined with POX Hub technology,....once the uncertainty (resulting from AGM), is removed,....POG s/p, will have some catching up to do, (imo).

BW

Thanks for link ( https://www.magna.isa.gov.il/internet/Forms/2020-01-072444/Navitas_070720_Final_isa.pdf ), Mogger.

BW

Agree CofE, the original board, have done a great job, with the POX Hub technology,....ignoring the uncertainty, resulting from the AGM,...the future, looks very good, for POG, (imo).

BW

Thanks for the response, CitizenTS & lsetown,....agree, with both your comments,....don't put the cart before the horse, springs to mind.

BW

Setting aside, sufficient land for hydrocarbons development projects, is good to see,.....it has been pointed out, in the past, on this RKH posting board, Norway has made tax changes ;-

Extract :
"E&P companies can now deduct costs faster, resulting in on average 40% lower breakeven prices for yet-to-be sanctioned projects. This should lead some to fasttrack new projects on the Norwegian continental shelf over the next two years."
Source : https://www.offshore-mag.com/field-development/article/14178602/norway-set-for-further-boost-to-offshore-oil-and-gas-development-following-tax-changes

How much could Sealion, average break even, be lowered by, with Tax changes?

BW

Still holding same POG shareholding amounts, as before AGM events, ourselves, CofE,....We have only been holding POG shares, for a few months, but did hold a long time ago (around 2008 & 2009),...the AGM tactics, executed by some, & subsequent fall in s/p,...is this a shareholder friendly act?

Yes, we will bother to vote next time, for the ones, that have brought the POX Hub Technology, to fruition.

BW

Thanks for link Mogger ( https://fig.gov.fk/assembly/public-papers/executive-council-papers/send/441-24-june-2020/2738-75-20p-sea-lion-development-land-set-aside-gordon-lines-stanley ),....
Extract;-
"4.7 It is therefore recommended that Executive Council suspends further allocation of
land in the Gordon Lines area and imposes a moratorium of the 2014 Gordon
Lines Interim Land Policy, to reserve this area for future use directly supporting
the Sea Lion development. Applications for such land will only be considered
subsequent to a successful contract award to support the Sea Lion development
and referred to Executive Council for approval as to the terms & conditions of
release. Land disposals within the area identified will not be conducted under the
existing Land Disposal Policy for the Gordon Lines area.
5. Significant Risks
5.1 Failure to set aside sufficient land for hydrocarbons development projects might disable
the Sea Lion project with detrimental impacts on the economy of the Falkland Islands."

BW

As is stated in RNS, dated 2nd Jul 2020, 14:34 (Interim Court Application Meeting) ;-

'The interim Board is committed to protecting the interests of all shareholders and an update will be provided in respect of the Application in due course.'

By what you mention, plus Source link, aimtitan,....I'm optimistic, on outcome.

BW

BofA Raises 18-Month Target Price for Gold to $3,000 ( https://youtu.be/QLn--pJ4QVQ ),....just had a listen, Dark_Knight2020,....that's one of the reason, I'm a POG shareholder,....POX Hub technology (the other reason), added to the outlook for Gold Price,.....recent events, at AGM, highlight the potential, here at POG, (imo).

BW

That is something ("The investor that held 4.6% has now sold most of the holding. Acquired, voted and quickly sold."), that I also noticed, CofE,.......the uncertainty created (by the results of Proxy Voting on Board Appointments), & resulting fall in s/p, has not taken my focus, away from the POX Hub technology.

BW

Hi gibbseur & Rheingold,....We also, will take the time, to contact our stockbroker,....we don't normally bother to vote (all myself & my wife's shareholdings, held in nominee accounts),at AGM's....we will be voting for ;-

Dr Pavel
Maslovskiy (CEO), Mr Danila Kotlyarov (Chief Financial Officer), and five Independent Non-Executive
Directors: Ms Fiona Paulus (Chairman Designate), Mr Harry Kenyon-Slaney (Senior Independent
Director), Mr Robert Jenkins (Chairman of the Audit Committee), Mr Damien Hackett (Chairman of the
Risk Committee) and Mr Timothy McCutcheon.
Source : https://www.petropavlovsk.net/wp-content/uploads/2020/06/New-Directors-vFINAL.pdf

They have brought the POX Hub to production, at an opportune time,....they have our full support.

Those votes against, as referenced in link above ;-

Analysis of the voting shows that the votes against the existing board members were cast almost entirely
by four shareholder groups – Joint Stock Company “Uzhuralzoloto Group of Companies” (“UGC”)
(22.37%), Everest Alliance (“Everest”) and Slevin (12.09% combined) and Fortiana Holdings (4.62%)1
.

BW

At this point in time, I would sooner open my next traded position, on good news, with a rising s/p.

BW

I'm keeping my AAOG Core shareholding, at full size (not adding or subtracting, from shares held in it), irishmouse,......I'm trading my AAOG Core shareholding, Gross average s/p down,......using a small (compared to the sum, I have invested in my Core AAOG shareholding) trading AAOG shareholding Fund,....my target, is to reduce Funds invested, in my Core AAOG shareholding, to zero, whilst still retaining my full Core AAOG shareholding,...so far, I have reduced my Gross average s/p, of my Core AAOG shareholding, by 20%, using this strategy.

BW