Rockhopper Exploration Share Discussion Threads

[dillydally2] 24/8/2022 13:30

As everyone cashes in

[dillydally2] 24/8/2022 13:28

No more rising

[dillydally2] 24/8/2022 13:28

Ignore me the truth is there

[gozzie2] 24/8/2022 13:25

Absolutely.

[dillydally2] 24/8/2022 13:24

Guaranteee this will not pass 16p now

[dillydally2] 24/8/2022 13:24

Best short of today

[dillydally2] 24/8/2022 13:24

Retail idiots buying 100% up

[dillydally2] 24/8/2022 13:24

Must be a few hedge funds dumping as fast as they canb

[dillydally2] 24/8/2022 13:23

Pumpers are ignoreing the massive selling here

[auson1] 24/8/2022 13:23

Dillydally2,

Strugging ? There have been 10 million indicated buys so far today !

[ttail] 24/8/2022 13:23

I whole heartedly agree. Happy days. Won't be long now.

[excellance] 24/8/2022 13:22

24 August 2022
Successful arbitration outcome

Rockhopper Exploration plc is pleased to provide the following update on its ICSID arbitration with the Republic of Italy:

· Successful arbitration award

· Compensation of EUR 190mm

· Plus interest at EURIBOR + 4%, compounded annually from 29 January 2016 until time of payment

The arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty entitling Rockhopper to compensation.
The award is final and binding on the parties. Italy has 120 days to apply for an annulment of the award, which can only be annulled in limited circumstances.
Under a legal agreement with the Falkland Island Government Rockhopper is prevented from making any form of distribution.

All costs associated with the arbitration were funded on a non-recourse ("no win - no fee") basis from a specialist arbitration funder. After payments due to the arbitration funder, Rockhopper expects to retain approximately 80% of the award (assuming full recovery of the award).
Further analysis is required to establish the tax treatment on any payments related to the award.

Samuel Moody, CEO commented
'We are delighted to have won our case. A huge amount of work has been involved since we acquired Mediterranean Oil & Gas Plc in 2014 and commenced the Arbitration in 2017. I would like to pay tribute to our team for their dedication over such a long period. We will update the market in due course once we have been able to analyse fully the results of the arbitration and its full, very positive financial implications for Rockhopper. This positive milestone builds on our recent transaction with Navitas and while work still needs to be done on Sea Lion, we believe after collection of the award, it will make a material contribution towards our share of the development costs.'

[brazilnut1] 24/8/2022 13:22

Gaffer73 I wouldnt know a bitcoin if I tripped over one in the street.

[dillydally2] 24/8/2022 13:22

Really struggling now

[nigoil] 24/8/2022 13:16

There is only ONE GREAT NIGOIL!

The GREAT NIGOIL is never wrong!

Enjoy the party, WE told you that you would be invited!

In SAM WE trust!

Simples!........;-)

P.S. Thank G0D for the filter!.......LOL

[melegramforttongo] 24/8/2022 13:16

Gozzie with this money you could bring dad back to life ???

[gozzie2] 24/8/2022 13:14

These arbitrators are wonderful people. The salt of the earth. I wish I could buy old poncet a pint lol

[gozzie2] 24/8/2022 13:12

Cyan hasn't been wrong .Hes just explained the pitfalls .Sensibly.

[gaffer73] 24/8/2022 13:12

Lol. PM me your Bitcoin address and I'll send it over.

[dillydally2] 24/8/2022 13:11

Sub 16 soon 15

[dillydally2] 24/8/2022 13:11

Yep here it goes about to collapse remember cash in not in account yet

[falklandi] 24/8/2022 13:08

Cyan, everything you have said so far is wrong.
Hope you hold few of bor and arg...wait and see.