Rockhopper Exploration Share Discussion Threads

[jnbrw] 26/8/2022 12:09

Cyan - I suggest you do some research. Mgtbhas stated intention to use some of the Italian cash ( when received and after deductions to put towards its share of costs under the Navitas agreements. Perhaps you should read recent announcements.

[cyan] 26/8/2022 12:05

JNBRW

TOTAL decom liabilities was $18.287m as at YE 2021

Of that RKH state $14.2 relate to the Italian junk

It follows that $4.087m relates to the Falklands

Where do you get 65m from?

You wrote; "Unfortunately, exploring a virgin territory is a very costly business..."

Oh dear. RKH will not be financing exploration. That's been done. I respectfully suggest you research the history of this company..

[buy2sell1] 26/8/2022 12:00

SORRY YOUR CARD HAS BEEN DECLINED !!!

because the money is still in Italy in the Banca d'Italia

[jnbrw] 26/8/2022 11:54

Buffit you can deny the facts if you want but we are still gonna need loads of cash ( i e. Debt/ dilution) before we even get close to seeing the oil flow... Unfortunately, exploring a virgin territory is a very costly business...

[buffit1] 26/8/2022 11:47

JNBRW - Stick to deramping - maths is not your strong point !

[jnbrw] 26/8/2022 11:40

Cyan - so that's 18 2m plus 14.2m plus 65m = 97.4 million ?? That's before any contribution to Navitas for rkh share and dependant upon Italy coughing up and not dragging on for years...

[dissentingvoices] 26/8/2022 11:29

The biggest problem for Rockhopper Exploration PLC and it's shareholders will be getting the Italian Government to actually pay any or some of the Ombre Mare settlement.

Getting any money could take years and that's assuming the Italian Government cooperate willingly (which is doubtful).

[cyan] 26/8/2022 11:26

Good morning JNBRW.

You wrote ;

"I think potential decommissioning liabilities at Stanley were roughly on the region of 10 to 20 million?"

RKH annual results stated total decommissioning liabilities were $18.287m as at YE 21

The 15.6.22 RNS these lines;

"In addition, the Company holds legacy interests in various Italian licences following its acquisition of Mediterranean Oil and Gas plc in 2014. Many of these interests will require abandonment at some point in the future. As disclosed in the Company's 2021 Annual Report, the total estimated cost of the eventual field abandonment and site restoration was US$14.2 million. Currently no material costs in relation to these activities are envisaged before the end of 2024. "

So 18.278 minus 14.2 will give you Falkland island decom liability. But that is not going to impact anytime soon as we need the local facilities.

[trop2] 26/8/2022 11:16

Wow! Gas prices mr mannering, no free lunches..er plenty here lol pike dover lol

[shareho1der] 26/8/2022 11:00

Only a misguided human being will post assertions without a single reference to any documentation.

[jnbrw] 26/8/2022 10:56

I think potential decommissioning liabilities at Stanley were roughly on the region of 10 to 20 million? Not sure of the costs to exit OM??

[buy2sell1] 26/8/2022 10:50

and, as if by magic:

Here are those further details of the Tax Settlement Deed

Rockhopper's total Tax Liability agreed at £90.3 million with £26.0 million already paid by Rockhopper leaving an unpaid Tax Liability of £64.4 million

Outstanding Tax Liability intended to be binding and irrevocable.

Rockhopper has granted to the Falklands Island Government a fixed and floating security over all of its assets (including any future Arbitration settlements).

[buy2sell1] 26/8/2022 10:40

I'm sure I read in Rockhopper's Financial Accounts that it still owes the Falklands Island Government around £65 Million in relation to unpaid Exploration / Drilling licences.

[jnbrw] 26/8/2022 10:20

A certain amount of the 150m sterling will be taken by the legal costs/fees ( higher because bwe went ahead on a no win no fee basis) There are also royalties due to FI gov. Costs of decommissioning harbour and costs associated with leaving OM Much of the cash ( when received) is already earmarked.

[trop2] 26/8/2022 10:19

With you all the way gaffer, big sam n ivor biggun

[buffit1] 26/8/2022 09:43

Well said Gaffer.

[gaffer73] 26/8/2022 09:38

We don't want it distributed, we want it to fund SL and turn RKH into a mid sized producer. Well I do anyway.

[taxibabe] 26/8/2022 09:22

From there it goes to swell Navitas's coffers, not RKH.People dont understand that RKH cant distribute the money to the share holders under the FIG agreement. It goes into the pot for NAVITAS to extract every last fathing, and maybe down the road, RKH may get a few crumbs LOL

[buy2sell1] 26/8/2022 06:05

Oh yes, it is still in Italy in the Banca d'Italia

[gozzie2] 25/8/2022 23:26

Don't understand sellers ,but each to their ownThe king hTTps://youtu.be/JVvwCkB-JLE

[gaffer73] 25/8/2022 22:08

I understand your frustration having held this for a few years myself! I doubt the share price will fall back too much once the money is in the bank simply because of the intrinsic value. 150m cash is worth 150m. Imo the share price has fallen in recent years due to cash burn and increased shares in issue, along with a plummet in oil prices and uncertainty over SL.Your Bitcoin is waiting to be transferred, just PM me your Bitcoin address and I'll send it over.

[gozzie2] 25/8/2022 21:49

Trouble is t0sser I'm genuine and you are an @rsehlole and proper people know it FACT

[melegramforttongo] 25/8/2022 21:09

“Mum had to go to A&E”.
It never ends !!

Now mum is in the firing line .
She won’t last long …. Not with the serial killer Gozzie on the prowl ..

More JACKANORY stories about this crazy family.

Gozzie , you could have come up with a better story to get one’s point across .
Stop 🛑
Stop ✋
Stop the tales .

[duckdown] 25/8/2022 20:48

Is there a 120 day deadline to pay? If so has anybody got a link to confirm?