Rockhopper Exploration Share Discussion Threads

[gozzie2] 13/8/2020 14:57

Yes carrot i thought that far east /asia comment was interesting.

[gozzie2] 13/8/2020 14:09

Lol sources my b@ckside .

[nigoil] 13/8/2020 13:58

Rkh have won the arbitration, it's just a case of waiting for the update telling us how much! My sources tell me it's in the region of 150 million euro's! But as always do your own research and wait for the official updates!... Simples!.... :-)

[gozzie2] 13/8/2020 13:50

They or he has gone very quiet on that certainty he claimed .Easy money he said .Anyone put the house on it ?

[cyan] 13/8/2020 13:27

Good afternoon LaticsRule

You wrote;

"In the light of ANY information a discussion on the outcome of OM seems pertinent. Think it been done to death hut new users may want to be aware."

For possible new investors I will repost information that you may wish to view and research further.


The claim is 275 million Euros PLUS interest.

"Facts

In August 2014, the Claimant completed the acquisition of Mediterranean Oil & Gas PLC (a UK upstream company, MOG hereafter) for GBP 29.3 million in a cash and shares deal. MOG had onshore and offshore interests in Italy, Malta, and France. Among its interests in Italy, was the Ombrina Mare, a field located in the central Adriatic Sea whose exploration permit was applied for and obtained in 2005. In 2008, a hydrocarbon deposit was found and the relevant production concession submitted. However, pending the administrative procedure for the granting of the relevant production concession, the Italian Government brought about several reforms in the extraction sector which made unfeasible the exploitation of the Ombrina Mare field, given its proximity to the coastline (4 miles offshore) and to a natural reserve.

Although during the administrative procedure, MOG was given some reassurances that eventually it would have been awarded the necessary authorizations to start with the drilling, eventually, the concession application was denied by the competent Ministry.

Consequently, MOG applied for an administrative review before the Administrative Court, which upheld the Ministry’s refusal to grant the concession, both in first instance and on appeal (on 16 April 2014 and 17 December 2015, respectively).

After the Claimant acquired MOG, it resumed the authorization process despite the many setbacks, hoping for a different outcome. However, when in February 2016 the Ministry of Economic Development denied for the umpteenth time to grant the Production Concession covering the Ombrina Mare field, the Claimant took the decision to file an arbitration request by invoking the breach of the ECT, after securing a third-party funding."


This is the introduction as posted here;

arbitrationblog.kluwerarbitration.com/2018/01/27/rockhopper-vs-italy-weighing-legitimate-expectations-investors-due-diligence-ma-deals/

The conclusion the author came to based on results from other cases;

"(Most likely) Outcome: 50% off

"In cases where the respondent proved investor’s lack of due diligence or failure to minimize losses, tribunals often made the Solomonic decision of reducing by 50% the amount of damages awarded (e.g. MTD v Chile, Award § 244–246; EDF v. Argentina, Award § 1302-1312), by holding the claimant accountable for half of its own losses and the host State liable for the other half."

==================================================================================

Important first question is; has RKH WON?

The result could land anytime

Next question how much might we receive?

RKH entered into a no win no fee arrangement whose precise terms are not known. However a poster on LSE BB claimed to have once asked Sam MOODY what sort of cut would the lawyers take. Moody allegedly stated a £50m award would result in HALF going to the lawyers.

That seems excessive to me; 25% would be nearer the normal rate. Is the 50% claim true; was Sam that stupid (imo) to sign up to such terms?

Imo RKH needs £25m to stand a chance of simply surviving to a possible first oil; it should not be considered as a bonus; its a necessity to keep the lights on to avoid a fund raise in 2 years time.

[gozzie2] 13/8/2020 13:18

They still have until 2021 according to that .

[nigoil] 13/8/2020 13:14

Good afternoon to all my fans out there! And a jolly good afternoon to the TW@TS, W@NKERS, MENOPAUSAL and forgot where you work ' girls' , LOL!... After yesterdays push by the de-ramping idiots, we now have another wave, LOL! Username schachmeister aka brazilnut1 is trying her best to impress, LOL! It's a shame that Rkh share price is in the ascendancy and the girls are wasting their time, LOL!... Simples!.... :-)

[gozzie2] 13/8/2020 12:24

Citizen .Politics have never been more favourable lol .These guys are n#ts

[gozzie2] 13/8/2020 12:11

I won't sell at any price how mad is that .My mate said sell up last night but I can't get myself to do it .So don't tell me Groucho and the others I don't want rockhopper to succeed I can't get anything out of this unless it does .

[laticsrule] 13/8/2020 12:07

In the light of ANY information a discussion on the outcome of OM seems pertinent. Think it been done to death hut new users may want to be aware.

[gozzie2] 13/8/2020 12:05

In the video they state how difficult it is to get finance for these projects.

[gozzie2] 13/8/2020 12:03

They have no answer to what happens if ukef funding is cancelled. Its not a definite as its been said for months about this . It was on newsnight I think in February about not funding fossil fuels through ukef but there's no credible alternative. Its just more made up nonsense and guesses to what will happen .They get angry because they know its true .

[gozzie2] 13/8/2020 11:31

Lol another cr@ckp0t .

[harrior2] 13/8/2020 11:30

The one line posters are now using gutter talk as they define their ignorance with senseless dribble after the lies. Stay with it Nigoil

[gozzie2] 13/8/2020 11:24

Watch the video of the rockhopper ex business develop mananager .Hes saying these small cap oil are not worth investing in .If hes saying that what chance have we got .He's saying its a mugs game very hard to pick a winner .

[gozzie2] 13/8/2020 10:52

I see what Croft is getting at now but a flotilla of 40 naval ships is a little different than Icsid lol .

[gozzie2] 13/8/2020 10:34

Tell him OM is near Italy .