The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Looks all very positive but given that they are advertising on the Spanish section of Merco Press, are they only looking at companies that are based in South America? Or have they also advertised this in the English language press anywhere?
I know nothing of how these huge operations work in the oil industry but, would a supplier be contracted prior to FID being announced? Or is it a case that FID has already been decided just officially not signed off. Would you be signing off these long lead items if there was any doubt surrounding FID?
All sounds very positive to me. I shouldn't really but have topped up again (small amount)!
SpacesHoppa,
I also like this bit;
“a) Very soon an international supplier will be contracted by Navitas to supply liquid muds and fluids in volume for the soon development of the offshore drilling campaigns. The chosen contractor, in response to this requirement, will be in charge of preparing the area that he considers for his specialty. The supplier of liquid sludge and fluid volumes will be the supplier of its own mixing and storage tanks, and will develop its own network of pipes.
b)Navitas has an area assigned for this requirement. This is the area close to the entrance to the Temporary Port Mooring Access Facility. The person contracted for this requirement will develop the land space from its current state to a concrete platform capable of supporting all the corresponding tanks and offices. The area must be connected to local services, partially linked to the dock, fully fenced, have a storage shed and office space for about six people. A security checkpoint and availability to park vehicles.
c) Said area must be ready for delivery, fully in condition and prepared for the international supplier towards the second quarter of 2025.”
It seems like Navitas are just getting on with things below the radar, they are quietly sorting things without rubbing it In Argentina’s face. Makes a lot of sense really, why announce every move and risk Argentina spitting the dummy. Quietly, quietly catch the monkey seems to be the road Navitas are on.
LTT
Thanks as always Mogger, and no, I do not believe we have seen that. It seems to be a complimentary EOI after the accommodation EOI request that you also posted. Sea Lion is so going to happen. Keep hold of those shares!!
**** f)All areas must be operational by the third quarter of 2025.
1) Provision of a committed and secure Supply Base, ideally including areas for office space, external deployment and warehouses, some with shelving and temperature controlled.
a)Office space for up to approximately 25 people.
b) External deployment area will require around 80,000 square meters.
c)Total area required for storage around 10,000 square meters
d)Duration of the requirement will be a minimum period of two to six years (with the option of extension in time)
e)All areas need to be dedicated to the sole use of facilities with standard patterns, appropriate drainage and safe perimeters.
f)All areas must be operational by the third quarter of 2025.
All,
Apologies if this has been posted before but it seems to only appear on the Spanish speaking part of the Mercopress website. It's a few weeks old, but gives some clarity of what Navitas have been doing on the island.
https://es.mercopress.com/2024/03/06/hidrocarburos-en-falklands-petrolera-navitas-se-organiza-para-iniciar-actividades-en-2025
Mogger
Https://www.boerse-frankfurt.de/equity/rockhopper-exploration-plc
Frankfurt is a bit closer if you like
Oh, I see, didn't know they were listed on the Over the Counter markets.
Probably have to wait until profits come in, then maybe, they could list on Nadaq or something more respectable than the OTC.
OTC Markets, Ticker RCKHF , Rockhopper Exploration plc, 18 cents, not much volume
I have mailed Big Sam with regards to whether they would consider a US listing.
I think we could benefit from a US listing as the LSE is Dead & Buried.
As everyone knows, the UK market is Dead , many companies are fleeing to the US as more participants & higher valuations can be expected.
We have all seen the pitiful volume for Rkh so would it be better to have a US listing as they are far more welcoming on fossil fuels and there are more participants.
A US listing might be worth considering with the progress that's expected that should put the company on another level.
The "church parish" approach towards their own readiness for the hydrocarbons must end. FIG must slash the royalty. The resource can curse.
Patience
Apologies Mogger - I miissed that in your post.
It looks like the business sector are not impressed with the FIG regarding engaging with them to maximise opportunities for the private sector. This is a shame as the FIG .need to keep all sections of the population onside Is the FIG unable to multitask ?
Buffit,
I did mention to listen from 21.35 in the original message
Mogger
HI Mogger - can you provide a relevant time slot in that programme - don't want to hear about sheep-sh-------- stories . Thanks for the link.
All,
Just a small update on oil readiness from the public meeting held earlier this week.
From 21:35
https://fitv.co.fk/falklands-in-focus/week-684/?_gl=1*1sdgilf*_up*MQ..*_ga*MTQwNTM5NzgwMi4xNzEyNDA3NzI4*_ga_CLVTRMVVR8*MTcxMjQwNzcyNy4xLjEuMTcxMjQwNzc4My4wLjAuMA..
Mogger
Bulletin boards full of boasting self made men that can't prove they're even men.
Well, I'm still buying under 15p, worth a bet I think.
Finley, who's just appeared as latics departed, sounds like he knows all about being an unloved child.
Next off, having called all and sundry "not good looking" and so on, he'll be complaining about peeps insulting him. Done so already. Just like latics, funny that :)
The grammar is awful, FairPlay. But I’m a self made man. I’ve often found over the years the
ones who make all the digs, are basically unhappy, usually poor, not good looking, and was
probably unloved as a child,
Fair to say it applies to a few on here, the great elite. Investing in penny shares, and oh so
important, but not smart enough to have made any real money in life.
12p a share I think I can stretch to 10 . Hah.
Investment strategy tip is once your got your giro this week, buy another 5 number 12p shares,
treat yourself.
Hopefully something in Navitas results in 2 weeks!!
Rubbish
Rockhopper is more about the resource and less about the CEO / CFO / Chair / Board.
Brent is on a secular move north. New money will invest in big oil first, and next into mid cap producers. We are out of molecules. When the panic strikes, and the mad grab for resources starts, then it will be Rockhopper's time. Maybe the last, but not the least.
Wait a decade, or two.
Patience
Pay no heed to spelling/grammar, etc, over on PRD & EOG, we have clowns pretending one day to be erudite & the next day gobshyte :-)
Ovets
See parody. Laugh. Don't deny/