Rockhopper Exploration Share Discussion Threads

[trop2] 29/10/2022 18:51

£30 lol

[trop2] 29/10/2022 18:49

65% of north basin licences, ?schmuck lol

[falklandi] 29/10/2022 18:44

It will be more £2 in the future, but I am
Talking about this month.

[gozzie2] 29/10/2022 17:56

Responsible for the development of the sealion project in the falklands .Role includes leading all front end engineering design bidding of the project and execution of the project .

[gozzie2] 29/10/2022 17:54

Murphy oil again .

[gozzie2] 29/10/2022 17:54

Sealion project .

[gozzie2] 29/10/2022 17:51

Thomas stensgaard starts his new job as development project manager at navitas Eh????Someone better tell buytosell there's oil there ??

[gozzie2] 29/10/2022 16:21

The UKG will not help support the FIG with the project if they are not suitably prepared Eh???That means they could be in discussions and are likely to ???

[trop2] 29/10/2022 16:02

I do special price for gondolas,more on the way cheaper still lol muhammad dungeness peace be upon his name lol

[gozzie2] 29/10/2022 15:58

That'll do as they say in Yorkshire ??Most analysts expect oil prices to remain around $100 per barrel for the remainder of 2022 and 2023.5 Oct 2022

[gozzie2] 29/10/2022 15:55

2 quid more like lol

[gozzie2] 29/10/2022 15:55

If anyone doesn't believe sealion will go ahead ,they need to have a walk around the block and give their head a wobble lol.What are they thinking ????

[falklandi] 29/10/2022 15:55

The share price should be 20p+ now....never mind !

[trop2] 29/10/2022 15:33

Where's this net zero mr mannering? Sgt wilson tells me my tea's getting cold, when canna go home? Lol pike dover lol

[trop2] 29/10/2022 15:24

Can"t big sam, buy these gondolas,do a deal wiv navitas? Ship them to Fig? If i wozza rich man diddle diidle och aye jimmy

[gozzie2] 29/10/2022 15:20

They don't read in exact order lol.

[trop2] 29/10/2022 15:20

Cheers gonzo,much appreciated, meanwhile back at the ranch, wot's big sam doing abart all these flipflops and gondolas at dover? Lol pike dover lol

[gozzie2] 29/10/2022 15:18

We will be in the money Soooooooooonnnnnnnn

[gozzie2] 29/10/2022 15:18

36.1.3 Given that most of the new roles will need to attract applicants from the oil and gas industry, it is expected that the market supplement system recently approved by ExCo is likely to be needed in order to attract the appropriately experience candidates. The additional cost of this has not been estimated in this paper, but it could be significant.6.2 Human Resource Implications6.2.1 Currently the only posts in the Minerals department that are filled are the part time cleaner and the fixed term post of Senior Policy Advisor. The fixed term post ends in December 2024. 6.2.2 If this paper is approved all other established roles except the Director and cleaner posts should be removed from the establishment and replaced by the new team with the associated job descriptions.6.2.3 There will be a requirement for a national and international recruitment process to fill the posts and a budget of £10,000 has been included in this paper to cover these costs.6.3 Other Resource Implications6.3.1 Given that it is highly likely that five of the new roles will be filled by overseas applicants there will be a need for five houses from the FIG contractor housing pool.7. Legal Implications7.1 None except those associated with employment contracts.8. Environmental & Sustainability Implications8.1 By approving this paper FIG will be in a position to build a team who can work with FIG and external colleagues to ensure that the Falkland Islands Government has implemented all of the necessary laws and policies to ensure that any future oil exploration or exploitation is done to the highest environmental standard and in as sustainable a manner as possible. 9. Camp Implications9.1 None

[gozzie2] 29/10/2022 15:17

10. Significant Risks10.1 If this paper is not approved there is a significant risk that FIG will not be in a position to deliver the Sea Lion project according to the timeline that Navitas have planned for. It is also highly likely that UKG will not support FIG in this project if the government fails to be suitably prepared.10.2 There may be a risk regarding the ability to recruit to these roles given the current state of world markets, in particular the value of the FKP/GBP.11. Consultation 11.1 If the contents of this paper are approved DMR will brief the Senior Policy Advisor.12. Communication12.1 If the contents of this paper are approved there will be a full recruitment exercise over the coming months, this will be carried out using national and international channels as appropriate.

[gozzie2] 29/10/2022 15:15

2022/23 2023/24 Annual RecurringCurrent Operating Budget Salaries & Contributions £314,217 £314,217 £314,217Proposed Operating Budget Salaries & Contributions£447,599 £580,980 £580,980Proposed Operating Budget Recruitment costs £10,000 £10,000Increase/(Decrease) £143,382 £266,763 £266,7636.1.3 Given that most of the new roles will need to attract applicants from the oil and gas industry, it is expected that the market supplement system recently approved by ExCo is likely to be needed in order to attract the appropriately experience candidates. The additional cost of this has not been estimated in this paper, but it could be significant.6.2 Human Resource Implications6.2.1 Currently the only posts in the Minerals department that are filled are the part time cleaner and the fixed term post of Senior Policy Advisor. The fixed term post ends in December 2024. 6.2.2 If this paper is approved all other established roles except the Director and cleaner posts should be removed from the establishment and replaced by the new team with the associated job descriptions.6.2.3 There will be a requirement for a national and international recruitment process to fill the posts and a budget of £10,000 has been included in this paper to cover these costs.6.3 Other Resource Implications6.3.1 Given that it is highly likely that five of the new roles will be filled by overseas applicants there will be a need for five houses from the FIG contractor housing pool.7. Legal Implications7.1 None except those associated with employment contracts.8. Environmental & Sustainability Implications8.1 By approving this paper FIG will be in a position to build a team who can work with FIG and external colleagues to ensure that the Falkland Islands Government has implemented all of the necessary laws and policies to ensure that any future oil exploration or exploitation is done to the highest environmental standard and in as sustainable a manner as possible. 9. Camp Implications

[gozzie2] 29/10/2022 15:15

Options and Reasons for Recommending Relevant Option5.1 Option 1. Approve the new team structure as set out below and retain the fixed term post of Senior Policy Advisor in its current format until December 2024 as agreed. This team should be capable of delivering the oil readiness project plan for Sea Lion.Established FTEDirector A1 1.0Senior Project Manager – Sea Lion A 1.0Finance and Tax Advisor C 1.0Regulatory Legal Advisor B 1.0Offshore Health & Safety Policy Advisor C 1.0Offshore Environmental Policy Advisor C 1.0Project Personal Assistant E 1.0Cleaner 0.1Non-establishedSenior Policy Advisor B 0.9This option is recommended5.2 Option 2. Do nothing. Don't approve the new team structure or the associated job descriptions. The team structure will remain as it is and as a result will not have the resource required to ensure oil readiness for the Sea Lion project. Further if FIG is not appropriately prepared for the Sea Lion project then it is highly likely that the Secretary of State will not support project sanction.Established FTEDirector A1 1.0Offshore Environment Advisor C 1.0Offshore Safety Advisor C 1.0Project Officer D 1.0Personal Assistant E1 1.0Cleaner 0.1Non-establishedSenior Policy Advisor B 0.9This option is NOT recommended6. Resource Implications6.1 Financial Implications6.1.1 The current budget for salaries and contributions is £314,217.6.1.2 The table below provides a summary of the implications if this paper is app

[gozzie2] 29/10/2022 15:14

1 Under the Islands Plan 2022 – 2026 there is a commitment to "progress extractive industries in an environmentally conscious way". More specifically within the delivery plan there are a number of clear objectives:4.1.1 Put in place legislative priorities for Sea Lion project Offshore Minerals Ordinance4.1.2 Undertake project management for Sea Lion project4.1.3 Complete resourcing and recruitment for Sea Lion project4.2 Over the past 15 years the size of the Minerals department has expanded and contracted according to the level of activity by industry. The current Minerals department has a small team of six established posts and one fixed term contract post. As of the end of September 2022 only the fixed term and the cleaner posts were filled.4.3 The recruitment process for the new Director of Mineral Resources has been completed and a sucessful applicant is currently progressing through the on-boarding process.4.4 During the farm-in negotiations between Navitas and FIG, and agreement was reached to secure a fee of $1,800,000 REDACTED. This will be paid to FIG in two instalments on 1 January 2023 and 1 January 2024. This revenue is expected to be used in part to fund the costs associated with ensuring that FIG is at the appropriate level of oil readiness for the Sea Lion project to commence.4.5 A structure with a professional team that will be capable of delivering with colleagues both within FIG and externally, has been produced (Appendix A). The relevant job descriptions have been produced and evaluated by the Human Resource Directorate.4.6 The new team will have two separate but complimentary areas of business. Firstly, there will be two policy advisors, one for health and safety and the other for environment, these 2 roles will work with the Director and other FIG colleagues to complete the development of robust HSE policy and legislation (including updating the existing Offshore Minerals Ordinance and Regulations). These roles will be responsible for identifying best practices in other jurisdictions and recommending the best fit-forFalklandssolutions that are aligned with developing best practice in the oil and gas industry worldwide. 4.7 The second part of the team will be more focused on the Sea Lion Project itself and will consist of a Senior Project Manager, a regulatory legal advisor and a financial and taxation advisor. These post holders will review proposals from license holders and will provide advice to the Project Manager and FIG more widely as appropriate. Specifically, the tax and finance advisor will work closely with colleagues across FIG to provide or commission expert financial and tax advice as well as conducting research, analysis and financial due diligence (including ensuring that FIG has appropriate mitigations for any financial risk liabilities) for any new hydrocarbons proposals. The regulatory legal advisor will work closely with the Attorney General, Head of Legal Service and the Head of Legislation to facilitate the management and provision of hydrocarbons related legal advice as well as managing the government'slegislative drafting programme in this regard. There will still be a need for external consultants of a specialist nature and these will be retained in a format similar to that which they are now.

[gozzie2] 29/10/2022 15:14

EXECUTIVE COUNCILPUBLICTitle: Minerals Department – New team and structurePaper Number: 153/22Date: 25th October 2022Responsible Director:Director of Natural ResourcesReport Author: Director of Natural ResourcesPortfolio Holder: MLA Teslyn BarkmanReason for paper: This paper is submitted to Executive Council:For policy decision (including budgetary policy)Publication: YesReason for Redactions or not Publishing:Under Executive Council Standing Order 23(2), Executive Council must have regard to the categories of exempt information in Schedule 3 to the Committees (Public Access) Ordinance when determining if information should be withheldThe categories which are potentially relevant to this paper are:• Information about relevant contracts and negotiationsPrevious papers: 96/22List of Documents: Appendix A – Minerals Dept organogram1. RecommendationsHonourable Members are recommended to approve:(a) The new structure of the Minerals Department as set out in Appendix A.(b) The establishment of six new roles in the minerals departm

[gozzie2] 29/10/2022 15:13

) The removal of all existing established roles except the Director and the part time cleaner and the fixed term contract holder.(d) Note that the Senior Policy Advisor role is on a fixed term contract due to expire in December 2024.(e) Note that it is likely that a market supplement will be required to secure some of the new roles (section 2)(f) The addition of £150,000 to the external consultant vote code(g) Note that the cost of the new posts will be met by funds secured from Navitas Ltd as part of the assignment of various production licenses (ExCo paper 96/22 and section 4).(h) To refer the budgetary implications to Standing Finance Committee for approval.2. Additional Budgetary Implications2022/23 Annual RecurringOperating Budget: new roles £143,382 £276,763Operating Budget: market supplement (new roles) £88,502 £177,004Operating Budget: external consultants £75,000 £150,000Total £306,884 £603,767Note: 2022/23 is based on 6 months of funding3. Executive Summary3.1 The structure and capacity of the current Minerals team is considered to be inadequate to ensure the successful delivery of the tasks required in order for FIG to be ready for the timely commencement of the Sea Lion project. Currently the establishment is 5.1 Full Time Equivalents (FTE) of which some is a Fixed Term Contract (FTC).3.2 A new structure to support the project has been developed, and requirements identified with job descriptions written and graded. This change will effectively increase the department by 2 FTE.3.3 The additional costs to secure and appropriately resource a team are to be met by the revenues received by FIG from Navitas REDACTED On the basis of the budgetary implications presented in section 2 this should result in circa 3 years of funding.4. Background [and Links to Islands Plan and Directorate Business Plan/s]