Member Info for AlmaCogan

So TCM, you now agree that Navitas LP does not issue shares, but participation units? Good, that's a lesson learned. Have you researched how it's possible for a UK citizen to trade such units on TASE via a nominee broker?

As for FPSOs you put up a short list of every available FPSO, so you couldn't be wrong eh?

Chess? My Kamala.........

Thanks Mogger, you saved me the trouble of explaining it again.

LTT, you still have to install the subsea infrastructure for the wells to have any function, you know, flowlines, manifolds, risers, umbilicals etc, and that is part of the critical path too. But yes, maybe I am being pessimistic with mid 2025 rig hire for a 5 well early production , if that is still on the path?

The exploration wells were around 30 days, but production wells are designed differently with more robust construction. They also require production completion assemblies to go downhole, production tubing installed and Xmas trees to be landed on the wellhead. You can reckon 45 days per well. So, for 11 wells it’s 495 days, plus 7 days per well for rig moves. That makes around 572 days in total or around 18 months.

First oil in first Q of 2027 means rig hire in mid 2025.

Ken Dodd will tell us that’s a formality.

On another platform X, a tweet of mine was "liked" by the Dept for Energy Security and Net Zero.

I can only hang my head in shame and apologise to everyone on here.

Aimi asks "so paul why have i been vilified if you agreed with me?"

It's because you are bald bloke who buys shampoo...........

Just watching TCM and Aimi reminds me of two bald blokes in the local Boots store this afternoon arguing about which hairbrush was not worth buying, and then bought some shampoo instead.

TCM, of course they need 10 times that amount for the whole project, but it's more than enough for the 50 employees you were suggesting could not be on the job, compared to PMO in 2018.

Note the small print "ongoing operations" . They only operate one field.

Money is not a problem except in your mind. And you are not tasked with finding it

TCM, they have plenty of money to hand, $100,000,000 ought to pay for 50 agency guys in Houston :

"The Partnership is pleased to announce that on October 29, 2024, the Partnership and Navitas Financing US, LLC, a Delaware incorporated subsidiary, wholly owned by the Partnership (the "Borrower"), entered into an agreement to receive a credit facility from Trafigura Trading LLC in the amount of $100 million (the "Borrower", the "Agreement", "Trafigura" and "Credit Facility", respectively). In accordance with the terms of the Credit Facility, the Borrower may take loans from the Credit Facility from time to time (hereinafter: the "Loans"). The Loans will be used by the Partnership and its subsidiaries to finance their ongoing operations. The Partnership is the guarantor for the Borrower's obligations under the Agreement. "

Funding ? Pffff!

Godders: " I have no clue.sorry"

Quod erat demonstrandum

Fat finger trade by a broker, had to be cancelled and replaced.

I have some direct experience of Upstream journalism, and I can tell you that it's no better than the Daily Mail, particularly healines.

Watch out, he's behind you...............

https://www.lse.co.uk/profiles/jimmygodbold/

"Navitas Petroleum recently completed a fundraising effort to refinance and develop the company. They issued bonds worth US$117 million and also completed a public offering of participation units and options to participation units1. This fundraising is part of their strategy to finance high-impact oil and gas projects, including the Shenandoah and Sea Lion projects."

They find the money whenever they need it, and it doesn't sound difficult with Oaklins doing the leg work for them.

Https://www.qualitycompanyformations.co.uk/blog/hide-identity-of-company-shareholder/#:~:text=Generally%20speaking%2C%20you%20cannot%20hide,if%20one%20has%20been%20filed).

Perhaps you might want to discuss this over a bacon butty at the M6 services at Lancaster. I'm buying.

ChessMeister

Nothing you post affects my pocket, and I claim a right to be offensive whenever I wish to do so, as freedom of speech, and in your case , you claim a moral overbearing position which I find offensive. I am happy for you to try and offend me if you wish.

Enjoy your fruitcake for supper.

We know Godders is lying

Godders knows that we know he is lying

We know that Godders knows we know he is lying

Godders knows we know that he knows we know he is lying

Is that perfectly clear now?

All canceling each other out, just to stoke a fictional number of trades.

Please share your mathematical equation, so we can properly understand your concern. Or did you mean chronological, or philosophical. It's tough dealing with these big words, isn't it?