Those who bought in at £5 a share (and there will have been quite a few) and are still in, I understand it has been a very difficult time for you, however, just one new discovery in the 2015, could just put a smile make on your face
Noble’s Falklands representative Richard Winkelman said that after the time spent on the installation he was extremely happy to be out walking around on the TDF. “We couldn’t be more proud to have this as the launching pad for our exploration drilling programme in 2015,” he said. Regarding the extended completion date which was originally scheduled for July, Mr Winkelman said, “it’s a large construction project we beared up and persevered and here we are today.”
Milestone In Oil Exploration As Temporary Dock Opened
The official opening of the temporary dock facility (TDF) was an important milestone and an icon of the future exploration campaign said Noble Energy’s Senior Vice President Susan Cunningham, on Wednesday as a group of guests took a tour of the facility. Ms Cunningham is making her second visit to the Islands having first visited in March, just before the dock Nobel Frontier arrived under tow in the Islands after travelling 5,000 kms over 47 days from New Orleans. She said the day of the dock being opened really began in 2011 when Noble Energy decided to explore further in the Falklands. The following year the huge amount of seismic data gathered with partners FOGL and Eddison revealed, “multiple exciting prospects,” and in 2013 to facilitate the drilling programme the barge was jointly purchased with Premier Oil after reachingagreements with the Falkland Islands Government. Noble plans to drill the Humpback prospect well in mid 2015, “and we all hope we will have a real celebration then,” said Ms Cunningham. Leading a tour of the dock Operations Manager Joel Landry Joel said they had been, “really lucky,” to find the barge which was originally used for construction then converted to fuel service which meant the tanks were in pristine condition and the deck was rated for heavy lifts. The first shipment of drilling supplies are due to be unloaded at the dock at the end of the month and the Eirik Raude semi- submersible drilling rig is due to arrive in March 2015. He said the barge cost $5 million, but the total cost of the project was just over $30,000. $12-15 million had been spent on getting the four dolphins constructed and installed and the causeway consisting of some 60 cubes, in the region of $3million. He described the 750ft pontoon causeway as being, “hinged” to accommodate the motion of the sea and said if they built another one the walkway would be on the east side as it got a little wet when there was a strong westerly blowing. A permanent dock would have cost three times the amount to construct and also part of the remit had been that there might be a need to move the dock to somewhere else in the Islands, such as Port William, said Mr Landry. He said however that he thought within the harbour was a better site as it was a lot less exposed to the wind and the weather than Port William. The 600ft of berthing dock could handle two vessel and the usual fully loaded 40 ton truck; any heavier lifts would be accommodated with wider spread trailers, said Mr Landry adding that the 270 ton crane which was brought in for the construction would remain to work the vessels. Noble’s Falklands representative Richard Winkelman said that after the time spent on the installation he was extremely happy to be out walking around on the TDF. “We couldn’t be more proud to have this as the launching pad
I have had some time on my hands so have been reading their 2014 annual report may I suggest those serious investors look at this on the web site I actually have a hard copy and notice Odey has 35mln Fidelity 21mln Royal London 18mln UBS 15mln etc.Lots of free cash and debt free.This seams like a winner to me.DYOR
Who know tbh on AIM. What I do know is this. The oil is still there but nothing is going to be done until next year. Add to this that oil is taking a beating atm, based on that old adage, supply and demand, RKH has then slipped down in price. Fair valuation? Probably not, but many investor will see other opportunities elsewhere while waiting on RKH to start drilling. The good news is this, 2015 will soon be here. The SP is likely not to drop any further (I hope). The bod have all bought in at higher prices. Broker prices are way above current sp. The only real question you have to ask is, why did you not sell at £5? Insight is a wonderful thing though.
In a nutshell I invested here when RKH hit oil all over the F's on advice from a surveyor who found so much oil down therre it almost caused another war. RKH started to develop a refinery in Sheep Land and they were going to bring home the bacon on their own, there was aminor player at the time that couldn't find salt water down there, can't remember their name ....anyway I paid 38p and lived through the highs and lows.... £5 was good but 80p ??? The oil's still there so what's gone south .... the hype? or is this so diluted that my 38p is hoping that the John Lewis advert for Monty will remind us past investors (as it prompted me) to return .... still can't remember that other share that lived off the back of RKH?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.