Member Info for AlmaCogan

Probably the gold plated tungsten (fake gold) ingots that Gordon Brown sold to them in 1999.

@ TImCurry, fair question...

The operator of the Sea Lion oil field is a British company called Navitas Petroleum Development and Production Limited, registered in England at 54 Portland Place, London, England, W1B 1DY. (Formerly known as PREMIER OIL EXPLORATION AND PRODUCTION LIMITED)

It is ultimately controlled by the Navitas Petroleum Limited Partnership, registered as a listed limited partnership in Tel Aviv, and that is not a company.

Would sanctions against Israeli businesses affect a British company, or for that matter the Navitas subsidiary ShenHai LLC registered in USA which holds the 49% interest in Shenandoah?

I doubt it, and in any case, I think Trump would have an opinion on it, probably already has.

I never knew what those numbers on this site meant.

A day wasted if you don't learn something.👍👍

Try getting your dividend from a NYSE listed company without paying withholding tax, then try and recover that tax without an ITN number..

So BP has got "Concrete Bert" in charge, a man with 27 years of experience of flogging concrete from Dublin, but not a day spent in the oil industry.

This will not work out well as BP tries to pivot back into oil and gas away from the green dandelion logo and the idiotic "Beyond Petroleum" mission.

The best man for the job, Laidlaw, said it was an impossible task, and walked away from the job offer.

And John was pi55ed of with me for doing it!

CitizenTS

John's personal stake is quite low, it's mostly in a family trust and we have no idea how that is administered. This might sound bizarre , but I once treated Leon Hess to a fish supper from the Ashvale in Aberdeen, and got to know him and he was really pro-British.

Ralph

There is a lot of discussion about Isobel/Elaine and the “New Province” and farm ins to fund and develop it up to and beyond 2030.

I don’t think RKH is the takeover candidate, it’s Navitas. RKH will be the winner.

The reasoning is as follows:

Navitas Petroleum Limited Partnership is a retail venture capital operation, listed on the Tel Aviv stock exchange. It has no shares and pays no dividends; it has participation units comprised of loan and capital contributions. The only way the partnership members can make money is when the Limited Partnership sells an asset for profit. The sale proceeds first pay off the loan and the remainder is a capital gain.

Navitas Petroleum Limited Partnership owns several assets, as wholly owned companies in USA and in London, which have oil production assets.

The long-term objective of any venture capital outfit is to sell its assets for a profit after a five year period of growth and settle up with members.

I reckon the US gulf assets and the Falkland assets will be up for sale in 2030/33 and one of the major oil companies will take over as operator and do what is necessary to develop the province in the South Atlantic, and RKH will be along for the ride. Tadmor is going retire in that time frame and wants his legacy.

Cammbo. the FPSO will not be deployed until late 2027

There is no need of a drilling rig until early 2027. You asked if had been contracted yet; the answer is that it's not needed for another 18 months

"Has a rig been contracted yet? Is this required ahead of the FPSO"

No and no. First oil from six wells on phase 1 requires 12 months of drilling, so no rig needed until January 2027

Unlike his father Leon, John Hess is an Anglophobe. John was responsible for the corporation's summary exit from the UK after his dad's passing. He detests anything British and there is no prospect of him getting involved in a British Overseas Territory. There is just too much bad blood there from the past.

Stevo12

The 3 leading names shown as the London Management Team on Navitas website are all ex Murphy from Houston. I recall there were some others who were spotted on Linkedin who were more technical than management.

You can put names to faces here.

https://www.navitaspet.com/about-us/

Good evening Ripley94

Glad to be of help. I hope you make good use of your new posting site I have provided. I'll look in from time to time.

Stevo12

Companies don't have experience, people have it and money talks. So you hire the required experience, and in this case it's from a renowned operator Murphy Oil, from where a whole team decamped into Navitas for Sea Lion.

No, just keep reporting him for being disruptive and rude, eventually numbers matter and he will get banned

Just to be helpful I have created a new board just for him and his many followers.

https://www.lse.co.uk/chat/general/general/485A0AA4-1759-4D7F-B6B0-2AA677B95DCD.html

Miss Ripley

Your explanation is as convincing as Trump explaining that exporters pay his tariffs.

Fact is that you endlessly post trades, fact or fiction, across any number of LSE boards and no-one seems remotely interested in your admitted gambling habit. It's as boring as watching Chinese pandas trying to mate.

I think you have an addictive problem and here is the answer:

https://www.gambleaware.org/

There once was a chap called Ripley

A buy to let landlord from Shipley

He rented his houses

To migrants and spouses

And spent the rent on spreadbettery

I did think of following Ripley's share trading strategy, but when I learned the price of a decent time travel machine from Amazon, I decided not to bother.

Yes but Aberdeen Group through II is a nominee holder for private investors like me and thousands more. I don't think anyone would regard II as an institutional investor such as RAB capital