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I should have added that's ~$120m on a project of $1bn
Cyan you are correct in your figures. If RKH don't give any more % of Sealion they will need to find ~ $120m to fund their share of the project. With HOT signed and a $50m OM award the share price should re-rate nicely where they can issue shares at a comfortable rate for new investors to come in.
Cyan would you agree that if RKH sign up with Navitas and win their OM appeal the current share price would be way, way undervalued ?
Cyan, the share price reflects any concerns you may have. Should RKH sign with Navitas and win the OM arbitration, RKH would be vastly undervalued IMO.
Tullow CEO Signals Oil’s Heady Days Over With Spending Clampdown
- Rahul Dhir is cutting risky costs even with crude back at $80
AND
https://blog.gorozen.com/blog/the-energy-crisis-is-here-what-is-coming-next
I believe ICSID resumed services on Jan 03 2022 after the Dec 24 2021 Xmas break. After the Dec 24th RKH RNS, one can only imagine the delay is due to a ICSID decision hearing which has been entered into their schedule diary. I would imagine their diary is pretty full but hopefully in the next month or so.
Is the market finally waking to the fact RKH will once again be the licence holder of 100% of Sealion 500mmbls
Share price will only start to recover when we have HOT signed and OM award $50m+ IMO
Mirasol, Harbour weren't involved before Covid.
PMO/RHK/Navitas had signed HOT and PMO were about to buy BP assets with a placing of some kind which would have given them financial muscle and then all hell broke lose with Covid which saw the oil price plummet and HBR take out PMO.
Flipper if it wasn't for covid I'm pretty sure Sealion would already have been signed off. You can listen to who you want but you can't cater for black swan events.
Mirasol, RKH will simply "sell" any ward. I doubt they will go to the courts to seize assets.
January is going to be very, very interesting.
Can people please stop saying how much we will win. We are simply reclaiming our lost profit/expenditure from agreed investment rules.
Navitas have agreed H.O.T with RKH and people believe that Navitas envisage Sealion is going to be run by fairies. Get real. Of course Navitas have a plan ahead.
Yeah sure I can just envisage it. UK goverment says no to Israel involvement.
If the goverment cared about energy security they would have backed the UKEF support for the Falklands. You are scaremongering for no apparent reason.
RKH's north FI licenses are in shallow waters.
oiluser, I'm trying to factor in worst case scenario.
Yes Silverfoil, 45k start up production only. Plenty of option after. $100m pre-tax profit will still see £1/share.