Member Info for AlmaCogan

You cannot take this ownership at face value. For example Aberdeen Group is shown at 17.1% but that's only because they recently acquired Interactive Investor, the online broker for private investors. Same with HL and HSBC .

I recall that the incident was a so called "underground blowout" where high pressure fluids from a lower interval were going up the annulus and disappearing into a lossy formation higher up.

The well was a wildcat but the well design copied the Sea Lion appraisals, which was poor judgment. They ran out of casing options and had to bullnose the well with a fluid control pill to kill it and then plug it. I don't think PMO had much to do with it, because Noble Energy was managing the Eirik Raude and they were using a well management team that BOR had offloaded when the Darwin farm out fell through. That's what Richard Winkleman of Noble told me, anyway

Navitas Petroleum Atlantic Limited was incorporated on 9th May 25 for a reason, not just to create more admin and reports to Companies House. The clue is in the name. It's the vehicle for private equity participation in Sea Lion without the investors taking up licence obligations, which would be anathema to a PE funder.

7 days expires tomorrow. 10 days on Monday. I don't think we'll hear anything, while the insurance company looks for loophole

30 days will be up tomorrow.

I am not as sure as Sam that the annulment insurance policy will pay out.

The whole saga of Arbiter Ponchet and his possible bias against the Republic of Italy had been fully played out in court and minuted by the Ad Hoc Committee by 1st October 2024, and Rockhopper lawyers were inside during all of it. There was mention of a whistle blower who tipped the Italians off about Ponchet. The lawyers must have seen which way the wind was blowing.

Then surprisingly on 14th October 2024, the annulment insurance policy appears as an RNS when everything was finished. A good idea it seemed at the time. Was Sam tipped off about the situation?

I won’t be surprised if the insurance company refuses to pay out because a material fact was not disclosed to them, even though it was known to lawyers King and Spalding at the time.

Whether it makes any difference over the long term, I doubt, but there is a potential market reaction.

Gone into administration today. What now for Aoka Mizu contract? Any thoughts?

Sorry Paul, I posted at the same time, but same story.

From my days in training courses, net asset value refers to company valuations, not resource valuations.

NAV is a today’s snapshot of a company’s assets minus liabilities, essentially its book value, and it can vary according to the risk you put on what it is doing.

Net present value (NPV) is a way of looking at the economics of a stand alone project using a time value of money, discounted cash flow model over the life of the project, with a standardised cost of capital % (the discount rate) usually 10%. Some people assert that NPV is not an absolute number, but a relative number for ranking projects according to their attractiveness.

So what’s the difference? NAV refers to company value, NPV refers to project value.

Gone into auction down 9% and falling. They say a post cannot move a market

There's a reporting error.....

+290,000

-290,000

+290,000

======

=290,000

216,590 UT.. not a single trade

So not 1.1 million buys. Not clear what it is but the 290,000 trade looks like a buy

"Wouldn't believe anything until an RSN comes out too confirm or deny."

By which time you have missed the boat.

First, Sir Christopher Laidlaw, then his son Sam. And they say nepotism is dead!

Brent up to $81.28 and rising.

If it happens it will be through scuttling Iranian vessels IMO, because the days of IRGC rib boats attacking tankers are over, just like the Somali pirates. Tankers have security on board and the US Navy will provide additional firepower. I don't see the Gulf States sitting idle while Iranian Mullahs destroy their exports either. Saudi has the biggest problem and has the biggest military, for just that reason, and they have no truck with the Persians.

Nasser closed the Suez Canal by scuttling ships in 1967 and it took eight years to reopen it.

Any repeat of that fiasco and energy prices are going to moon, No LNG from Qatar ! We'll all freeze next winter

"Iran votes to close Straights of Hormuz."

In other news, the Queers of Hormuz are seen dancing in the streets.

I know that no-one gives a toss about Ripley’s posts. But this latest post was so baffling that I decided to try and interpret it.

“Broker (D)” is Degiro : “DEGIRO is the first wholesale broker for private investors. An online investment platform for all types of investors. DEGIRO enables its customers to invest worldwide at unprecedented low rates”

This risk category comment based upon a DEGIRO model: “The category of a Financial Instrument indicates how much risk our margin model assigns to the Financial Instrument. Shares are categorized from A to D.”

A margin model suggests a leveraged position trading platform.

According to the poster, DEGIRO seems to have moved the “event risk” from D to C, meaning a change from 100% to 99% according to DEGIRO, a petty move which has triggered it to place a limit order, but it didn’t tell us the price.

Interesting that the annulment decision flew over its head, so confirming it’s just a risk trader with no interest in fundamentals.

It all sounds a bit nonsensical to me.

"Just gimme De Giro", as the bloke from Benefit Street said to the Post Office counter.

According to a University in New Orleans, "Nobel Laureate Irving Langmuir observed and later explained the mechanics of parallel lines of sargassum floating on the sea surface. These lines are now known as windrows resulting from Langmuir circulation, named in his honor."

An equally plausible explanation is local sperm whales getting too excited about first oil at Shenandoah. 💖💖

"There is no dispute lol ....If there is no dispute why is Argentina going to sanction any company that operates in these waters ?"

Yesterday's news! Gideon Tadmor has explicitly stated in an investor call, that there will be no sanctions on participants of the project, and Milei told him that.

Every oil field has a ramp, plateau and decline phase. What are you trying to tell us that we don't know already . Phase 1 starts with six wells and increases to eleven. Public knowledge Mr Chess. That how it works, nothing new here. Just amateur deramping.

Disputed waters you say. A 200 year old dispute settled militarily . There is no more dispute.

100 invitations a generation ago? Does the world not change?