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you couldn't make this **** up lol. liberum initiates rockhopper exploration with 'buy' - target 267 pence.
maybe in 20 years lol
Https://www.express.co.uk/news/politics/1828598/Rishi-Sunak-Chagos-islands-Falklands-warning
The problem is NNick, management are not really promoting this new (as in Navitas) exciting story of Falkland oil are they, so apart from us on here and others who may stumble on this share by active research or accident its probably not a story that is well known. Now maybe that is by design because of the negative press comments on oil production and stop oil folk.
Its fine not to do any promotion if they don't ever need/intend to raise any more cash from the market but if they do then this unjustly low price just hurts with the inevitable dilution that come with any new issuance.
The other thing about no promotion is that shareholders are not reassured that things are happening behind the scenes so may sell up just adding to downside pressure. Just saying.
The value will out on any really positive steps forward and obviously massively if production can be achieved.
We have been hovering between 12p and 13p for some time. If we can push through 13.5, hopefully we will find a level at least over 15p, but maybe 18-20p until the big news arrives.
GLA 2024 is not that far away
i feel there a great deal of momentum building here. rkh share price has held up very well depsite the current market outlook. volume has been better due to a number of one off large trades without any material news coming in suggesting institutional investors trading.
borders and southern again showing some good momentum and increase on the sp as it did previously, is the canadian investor getting back in?
argos were also bought out by a canadian exploration company jhi associates, albeit for pennies in the end so may be a gamble but can't help think the canadian links may not just be coincidental.
politically, don't think any f the parties give a flying rats **** about argentina and will press on whatever.
strong buy and will keep doing so!
Some great posters on here but not recently
Decided/Godders Latics …… and unfortunately Ovets (don’t argue with fools)
Post something of relevance.. no one gives a shoot about the 3,4,5 of you and who has the last word
It, we, RKH will either make £££ or not the former mentioned have 0 (zero) impact on it
Godders hating Sam etc means nowt
Ovets you have been dragged into the old gits ( from Harry Enfield) you are better than that
Anyway
GLA
Boboil
Thanks latics. Very informative. Ovets you knew that already didn't you!
Thanks latics. Very informative but you knew that already didn't you!
@Ovets .. as Mogger suggested there is a wealth of information out there on the net, strange he never prompts you to look when you ask someone to confirm the 4 iterations if FEED.
In the spirit of trying to assist everyone, as Mogger suggested, I did some research.
FEEG covers a wide range of processes and it’s quite possible that Godders is referring to did sub-processes of FEED.
BW Offshore were confirmed as being awarded FEED in Sep, 2018.
However, AMEC we’re first awarded FEED by Tony Durrant in 2014.
Other aspects were dealt with by Aibel and they finished in 2019 with BW Offshore being the client so again PMO initiated.
Part of the TLP / FPSO investigations at the time were dealt with by KCA Deutag Alpha.
For the current Design/FEED according to Offshore Technology:
John Wood Group, Magnora, BW Offshore, NOV and yet again KCA Deutag Alpha are named.
Contractors involved: Dril-Quip, SBM Offshore, Houston Offshore Engineering, Loews and KCA Deutag Alpha.
Quite easy to get confused but by my reckoning, TopSide FEED is now on its 3rd iteration.
At least Sam has in cancellation with Navitas if FID not granted by 2026.
Don’t shoot the messenger.
GodLeaverage, please answer the question: tell us who has so far paid "to complete FEED 4 times" for SL?
This board is bad enough without borgo (BrightSpot)’s input.
The Navitas engineering work is progressing as planned. I expect FID next year as planned.
Navitas have a good track record at securing finances and partners.
It’s been a long, troublesome journey with many false dawns and turns, but patience will be rewarded.
"well lats time i checked pmo paid rkgh 400m for 60% of sl and that dwindled to the point of requiring an equity raise. if it didnt go on feed im not sure where it did go."
lol....love it, you are of course correct that is the essence of what has happened here .......****ed up the wall
GodLeaverage, tell us who has so far paid "to complete FEED 4 times" for SL?
Godders, DecidedOveleveraged
you may have noticed the more recent work has brought huge benefits to our break-even cost and to cost to first oil. Not sure peeps here expect real sense from you but would you really rather that work hadn't happened? Best to "play the ball where it lies" - possibly a lesson for the day job as well!
@Mogger, than you, Sir, for pointing me in right direction.
Latics,
All the information you desire is out there on the web. You should spend less time being negative, and more time doing research.
" In support of their investment in a potential major greenfield FPSO project, EP was engaged to conduct a comprehensive independent technical due diligence exercise covering wells, subsea, flow assurance, turret and risers, FPSO topsides, marine engineering, export systems, logistics and infrastructure, operations, maintenance, commissioning and start-up, project services and technical assurance."
https://www.epconsultenergies.com/case-study/europe
Mogger
@Ovets … valid point. So who are Navitas uding to re-examine FEED : John Wood Group, SBM Offshore, Wood Group Mustang and TechnipFMC.
These were all used for Shenandoah , maybe someone knows what FEED re-validation process is being undertaken ?
Godders / Decidedleaverage says: "May I remind everyone that HRB / pmo / rkh must have completed feed 4 times already to no avail"
So good to have such an experienced project management expert like Godders / Decidedleaverage to help us.
Clearly hasn't a bloody clue about managing a project of this size, in a new and very remote area, with a potentially hostile neighbour to take into consideration.
For example, while PMO probably did a lot of worthwhile work, the Navitas team would have had to review all of it to extract anything useful for their new SL project, as it's clear that PMO/Harbour were never going to make it work, as they floundered.
Navitas have been applying that to their new approach to the project, to produce their own FEED - they would not simply have reused PMO material to come up with a similar FEED, because PMO/HBR had already realised they couldn't get the right answers.
I imagine one objective set by Navitas BoD would have been review all cost options to be able to produce the maximum oil from SL, as soon as possible, at the lowest cost, without introducing any potential H&S issues and meeting ever tightening ecological constraints in a pristine region.
A very difficult challenge, to come up with a credible proposal, which will attract funding.
And Godders / Decidedleaverage stands on the side lines shouting about something he admits he has no experience of - what a wally.
I guess I’m as guilty as many others but keep repeating on this forum the ramping such as this or the negativity of whether finance can be obtained. We all know that Sealion has the potential to be a World class production. Nobody needs to convince us.
It’s the market that needs convincing and that is Sam Moody’s job.
What a joke.
Yes Citizen just to put things into perspective how commercial Sealion is. U.S needs to repurchase 200m barrels for the SPR . Do the maths 200m x $79.
Nice message there to partly offset the negativity that dominates active posters on this board, demonstrated by most recentt posts
Https://oilprice.com/Latest-Energy-News/World-News/The-US-Plans-To-Buy-6-Million-Barrels-Of-Oil-For-The-SPR-At-79.html
If Navitas/RKH have any problems gaining access to capital for Sealion maybe a solution would be selling the whole Sealion reserves to the US gov for funding the project.
May I remind everyone that HRB / pmo / rkh must have completed feed 4 times already to no avail.
I absolutely agree with latics that progress has been made but we have been here before. I have no idea what the fly in the ointment is but there is definitely one . The share price is relatively rational. Something is wrong .