Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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may have been posted before, however if not, then Navitas now list the London/Sea Lion management team.
Does anyone seriously believe SL isn't going to be sanctioned next year??
Chanan Wolf -Sea Lion Project Manager
Ian Ramsay
Chief Operating Officer, Ian leads the United Kingdom business unit, currently progressing the development of the greenfield Sea Lion Development in the North Falklands basin and nearby surrounding prospects.
Aleks Armstrong
Vice President Subsurface, Navitas Petroleum Development and Production Ltd
Aleks leads the Reservoir and Geoscience functions and is currently progressing the development of the greenfield Sea Lion Development in the North Falklands basin and nearby surrounding prospects.
Thomas Stensgaard
Development Project Manager, Thomas leads the project team for the Navitas Operated greenfield Sea Lion Development in the North Falklands basin and nearby surrounding prospects, responsible for concept selection, design and construction. Thomas has over 30 years of experience of efficiently delivering offshore projects
https://www.navitaspet.com/management-team/
And thus pay Sam’s salary for many years to come hopefully. Promises promises … remember FTSE100 entry promise
A regular reminder of why to keep your Rock shares.
If phase 1 production average is 75,000b/d (80k is the plan)
and life of field costs were $30/b ($27.6 is currently the estimate)
perhaps with POO at $75/b (Brent at $78 atm)
The maths are
75,000bbls x $45 = $3.375M revenue per day, $1.232Billion a year
royalty 9%, Corp Tax 26% = $801M profit
Rock 35% = $280m profit net to Rock per year.
Rocks current market cap is $80m, compare to hopefully in 4 years time $280m profit a YEAR, and for MANY YEARS !
This is why we are invested, and why we should not be selling our shares for peanuts prices like 10.5pence.
Market Dealer will claim them … probably
A couple of large (750K) trades went through this afternoon at around 10.85p, hopefully they were buys.
Thenorseman,
Great find, geopolitics be a changin.
Hi JEBR
Go to link that P777 gave us
https://zeuscapital.co.uk/exclusives/5550654790/
Then it says : Listen to the audio note below, and read the full research here.
Clich “here” and register and you will get the pdf report.
Basically it says they have left their Forecast unchanged only updated their valuation (risked NAV) and core NAV.
So the 188p unrisked should be higher if updated to reflect the 200 million barrels extra (now 722 million).
kind regards
N.
Yes I'm still here, but only a very small holder now having taken out my original investment value a while ago. Anyway found the attached and thought it a good read and is a good translation interpretation from the recent NAVITAS report:
https://en.mercopress.com/2023/03/27/falklands-sea-lion-development-offshore-could-be-reached-next-year-estimates-rockhopper-exploration
@Thenorseman: Where did you find the unrisked NAV of 188p? Was it in the Zeus capital report that only subscribers can access, or did you use my calculations for the low scenario of $60 oil? If it was in the report, it is surprising that it's exactly the same.
Fakey, Garbage, Essex, Market dope, Falkland (pretend) investor etc etc etc etc etc.
I won’t post on here again til it’s 20 p.
Oh no sorry I’m just a fake and phoney liar. IMHO. DYOR. FAKE. LIAR. Just another after another after another gut feeling matey.
When you shut up , I will Market-Dealer.
Lattice, Please *Shut up*, Thanks
Good Morning all
The exit of Sam from the BoD ?
This share is pretty much toxic, I’m guessing that a lot of folks that have heard of it don’t bother reading up on it as they presume it’s not significant enough news to bother buying in.
Which brings me to the conclusion that this is maybe (hopefully!!!) the calm before the storm, an opportunity to maybe add a bit to our positions, as I have done. We had decent news last week and I’d say the price hasn’t dropped back as quickly as I recall spikes from positive news in the past.
Frankly, and I’m sure I’m not alone, I wonder if we are all standing in a powder keg, the fuse is lit but we just can’t see it or how long that fuse is…when will be the tipping point?
Thanks for posting the Audio Note, p777,....made for interesting listening.
BW
The ZeusCapital note is a start but doesn’t seem to have generated the re-rate we all think should happen.
Good find guys.
P777
Thank you for that link.
Risked NAV 51p
Unrisked NAV 188p
And we are currently trading at 10p!
Up we go
https://zeuscapital.co.uk/exclusives/5550654790/ nothing new but interesting none the less
BP joins Adnoc in $2 billion gas deal hot on the heels of energy transition pivot
Deal would take NewMed Energy public and give consortium partners a significant stake in the huge Leviathan gas project
28 March 2023 9:36 GMT UPDATED 28 March 2023 11:53 GMT
By Russell McCulley and Nishant Ugal in London and New Delhi
UK supermajor BP and Abu Dhabi National Oil Company (Adnoc) have agreed to jointly acquire a 50% stake in Israeli explorer NewMed Energy for approximately $2 billion.
Money talks: BP investors vote with their wallets on strategy shift
Read more
NewMed Energy, a subsidiary of Delek Group, is the largest shareholder in the Leviathan gas project offshore Israel.
If the deal goes ahead, the BP-Adnoc consortium will acquire the 45% stake in NewMed now publicly held and 5% of issued capital from Delek Group, further consolidating their green energy partnership announced last year.
The acquisition would also mark one of the largest commercial deals by Adnoc in the region, following a peace agreement between the United Arab Emirates and Israel in 2021, dubbed the Abraham Accords.
The consortium has offered 2.05 Israeli new shekels ($3.36) per share, a 72% premium on the pre-deal market price, NewMed said. Reuters put the value of the entire company at nearly $4 billion.
BP on Tuesday confirmed that it had made a nonbinding offer together with Adnoc to take NewMed Energy private through the acquisition of the free float and partial acquisition of Delek’s stake, giving the consortium a 50% stake in the company led by chief executive Yossi Abu.
“BP and Adnoc intend to form a new joint venture that will be focused on gas development in international areas of mutual interest including the East Mediterranean,” BP stated, calling the proposed transaction “a significant first step in establishing this dynamic joint venture”.
The producing Leviathan field, discovered in late 2010 by Noble Energy, holds an estimated 22.9 trillion cubic feet of recoverable natural gas.
Israel halts UAE oil pipeline deal over environmental concerns
Read more
Chevron, which acquired Noble Energy in 2020, operates Leviathan with 39.7% interest. NewMed holds a 45.3% interest and Tel Aviv-based Ratio has a 15% working interest.
Green Energy deal
Adnoc and BP last year signed deals to develop hydrogen and technology hubs in the UK and the United Arab Emirates in a major cleaner-energy push, in signs of an improved relationship between the two players.
In the UK, Adnoc has joined the design phase of the H2Teesside blue hydrogen project, taking a 25% stake in the design stage and marking its first investment in the UK.
UAE joins Middle East club of nuclear power producers
Read more
H2Teesside aims to develop two 500-megawatt hydrogen production units by 2030, with the project set to begin operations in 2027.
Abraham accords
The Abraham Accords, which included Bahrain, normalised relations between the thre
Has anyone apart from the RKH BoD any idea of progress ? We know that Sam isn’t going to tell us the time of day let alone how things are progressing ?
Thanks to you both Paul and Buzz. I could not make much of it but clearly Sea Lion a prominent feature.
I presume Sam's RNS discloses the key features of the presentation.
I am still a buyer here i think 10p is ridiculously low but without a surprise ahead of ombrina mare update in q1 2024 and fid in 2024 im struggling to see next catalyst to gear my next large purchase toward
https://vimeo.com/812137726
Navitas Sealion presentation starts 19 min in.
pauldrayton,
Agree, its sentiment and expectation that drives share price. There are a few examples that spring to mind, PANR I think was over £1billion market cap at one point, GGP another got to over £1billion market cap. I watched the share price there trade between 1 and 2p ( it even went sub 1p for some time ) then on to a max of 36p. That Potash project in Yorkshire SXX another one market cap reached £1billion before any production what so ever.
The stage is set here and no one can time when the rise will happen.
This is why I think Rockhopper is more use to Navitas alive than dead. ISCID or not we can raise funds though equity and reserves based lending, also can't hurt to have a British company on board when developing hydrocarbons in British overseas territory.