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You my friend are in the minority or are you a bit of a wind up ,who know who cares .Just look around and use you eyes see what's happening to the world. Every ones entitle to their opinion but you are just sounding ignorant on this matter.
I was in Sardinia Italy in 1990 and there were wildfires then. Not a word mentioned.
Really need to be getting this one going yes or no is good .AS lot of us have waited years
All the more reason that Navitas and RKH need to be forging ahead. Oil and gas are going to be around for some time IMHO, they cannot just DUMP it with a click of their fingers, even if they wanted to.
News on the STAY should drop anytime, even with the go slow that the tribunal are on and particularly with the Summer hols of August looming, they have sped up a little in their communications since the award was announced, so next couple of weeks we should know.
I wonder how Navitas are doing on the rig and FPSO front? At the AGM Sam said Navitas where looking at a few, if I remember correctly he said more that one, less that five. If they are planning for first oil in 2026, then they will have to sort a LOI for both soon! The rig will be needed for at least 2 year to drill the 18 or so wells (11 pre-first oil, 7 after with the FPSO on site and oil pumping), so you can hardly walk up to a rig company and say, "I need a rig to start a week on Thursday that we will need for 2, maybe 2.5 year if we include the MOB time, got anything available?"
Can't recall the timing of the last drilling campaign but it must be 6 to 12 months prior drilling to sign it up. So if we work backwards from mid 2026 for first oil; 16 months of drilling to get the 11 wells in give or take, 2 months MOB to get on site depending on where the rig is coming from. This means you are looking at the rig tootling down there for early 2025 which would be Summer time in the Falkland's. Wishful thinking would say they would want it there for the start of Spring to get the best window of opportunity, so kick off could be Oct/Nov 2024!
As I say, wishful thinking and a lot can happen between now and then. Think someone mentioned if Shenandoah had setbacks there it would have a knock on effect to Sealion. But to be honest, I cannot see that, maybe I'm being naive or stupid, but if Sealion was totally dependant on Shenandoah, why would Gideon have gone down to the Falklands and said 2026 for first oil, surely he would have mentioned 2027/28 as the prime time as the oil income from Shenandoah would pay for Sealion's development.
By the way, if anyone is interested Ian Ramsay has a page on the Navitas website, probably been there a while but it's the first time I have seen it.
LTT
Climate change is a scam.I’ve been around long enough to have heard and read all the predictions which never came true. It’s the Al Gore WEF mode of controlling the masses and creating a religion out of it. Don’t be duped. Anyway while we are all following Saint Greta in the west, other countries are seeing the emperors new clothes it is and will make a grab for cheap fuels. Oil always gets fought over for a reason. Rare earth materials which you need for so called green energy or mostly in China, Russia and Vietnam. The US has about 1% of them. So when this whole thing comes tumbling down they will go back to oil.
Oh and remember plants actually need CO2 which is less than 0.04% of the atmosphere, if it declines too much we all die.
All IMH (well researched) O
GLA, Just Stop Insanity
The way the climate is changing through this planet maybe oil should be dumped as an energy source. I think rkh are in a tricky time scale. I SAY MORE POWER TO THE GREENS,JUST MY OPINION.
Chess … you sound just like Sam
These guys have been right for a decade. Had we all listened to them..... To moan about them is ridiculous. The only people to be positibve about this stock are the large shareholders and the board, This is DEAD DEAD for the current shareholders. I have no doubt that Sealine will yeild oil but not this decade and not before the current shareholders have been diluted to next to to zero. Nowhere but no where is it written that we will recive OM funds next year nor that FID will occur. Given the track history of the board why oh why would anyone be optimistic. Note none of the board beyond sam have bought material sums of shares. None of them have skin int he game. I fully expect to lose money ont hsi from her. My failing is im too scared to sell just in case. Ludicrous? YEs Illogical, immature? Yes
Silly posts and doom mongering as we wait. 2024 is approaching quickly, hold on to your panties….or someone else’s if you are lucky ;)
Serious no brainer, climate change is going to be exposed as the scam it is, we need oil, we have it, we will get the funding, this will be over £1…as sure as day follows night
GLA, keep the faith
Chess. A private bulletin board was previously set up during the hey day time. Didn't achieve a lot in the long term.
Godders99, You must have faith in rkh to do well otherwise you would have
Sold by now....£1+ once the oil is flowing from North Bain...IMHO-DYOR
1) you dont know that
2)what is my othwer account and when did I last post under it?
3) how is this not censorship
Your bed involved me handing my entire share ownership over to you. My bet has 0 financially at stake
Godders99,
I'm getting them deleted because you have multiple accounts.
You haven't taken my bet yet
Mogger
No they arent. Its not as if I am posting under multiple accounts at the same time. LSE is brutal. you try retrieving your password for your account. Next to impossible . My posts are being deleted because someone doesn't like what I am posting. The truth hurts!
Mogger ? Care to tell me that FID in 24 and OM receipt of monies will occur in 2024 and we wont have another shard dilution? I suspect not!
Godders99,
They are getting deleted because of your multiple accounts
Mogger
NO FID
NO OM payment from the Italians
Another share issuance to keep the company solvent
This keeps getting deleted. Have i hit a sore point? Freedom of speech?!?
Some people just don’t want to discuss facts about RKH. They’ll do anything to divert attention from the poor share price.
"We're missing investments across the entire commodity complex...", Jeff Currie, 11 July '23
XOM CVX are unloved. RKH is on no radar. So, wait a few years for share price.
FID hinges on Shenandoah in production. Q4 '24 earliest.
Here's another Latics:
There are more chickens in England than there are people.
Date 24-Aug-2022......52 Week High......20.00p
Date 01-Aug-2022......52 Week Low.......7.0252p
It does show, the sp went from 7p to 20p in 23 days.
£1+ once the oil is flowing from North Basin...IMHO-DYOR
Aug 2022 the SP dropped to a low of 7.2p
@stillneedoil, recommended your post but was wondering, might we be better off encouraging chess to head off over to telegram??
Just been reading the navvy esg report. Not much on Sealion but in a small section it states (as the company is now seemingly targeting lower carbon emissions); Sealion will have net zero emissions, the oil could replace part of the £20Bn UK imported oil with poor environmental regulations and the protection of human rights. It notes co2 from Sealion oil will be half the UK average. Also, by planting vegetation, using existing infrastructure and renewables it would lead to an offset. Also says will be lower carbon than offshore Guyana. The title in the report was Sealion as an example......
Stillneedoil, I can't agree that "The above is also petty name calling and demeaning", as those named do intrude on otherwise reasoned discussion.
If anything, they are the ones who disrupt this board, particularly with unreasoned, unsubstantiated drivel.
Differing opinion is essential to a discussion, otherwise there wouldn't be much of a discussion, but the likes of Decidedleaverage and Latics post statements that are not supported by any facts, or references whatsoever. When asked to produce some evidence, they refuse to answer except to become abusive.
That's NOT discussion.
Chess
It might be a good idea to form a group on Telegram and leave the likes of Big Red, Godders ect here to continue their irrelevant petty squabbling - whilst those wanting to discuss and debate Rkh on a more serious & detailed level can be free to do so without having to scroll through through all their nonsense.
The above is also petty name calling and demeaning
Assume you won’t be joining your own group
GLA
Boboil