Member Info for BigMinnow

Looks like it .. good spot.

"Noble Endeavor (Semisub): This older semisub (built 1975, upgraded 2009) had been operating in the UK and was viewed as a potential retirement candidate, but instead secured an ~11-well contract on the Falklands’ Sea Lion project at roughly $300k/day. It’s a solid multi-year win for Noble, though the market had hoped the rig might retire. That said, Sea Lion represents incremental demand, limiting the impact on the global rig market."

Phase 1 is 11 wells, so yes.

@maltster1 I don't know if "partial stake" includes a share of future revenue, but the last Half Yearly Report - December 2025 - page 23 details Newmont's future Havieron cash share:

"Deferred contingent consideration

Additional consideration may be payable in cash to Newmont of up to a maximum of US$100.0 million (c. $149.4 million)

on the first five years of Havieron gold production, through a 50% price upside participation by Newmont above a

US$1,850/oz hurdle gold price, subject to an annual cap of US$50.0 million and aggregate cap of US$100.0 million. At

the acquisition date, this had been calculated to have a fair value of US$69.0 million using a deterministic approach

based on base case projections (including consensus gold price). The liability was revalued at 31 December 2025 based

on revised long term gold price assumptions and exchange rates (as at 31 December 2025 AUD:USD 0.67) to

US$73.5 million ($109.8 million). The assumed production profile was updated to align to the Havieron Feasibility Study

completed in December 2025. "

Interesting interview - food for thought.

https://www.youtube.com/watch?v=PEgJwTdxX5o

It makes no sense to compare ICE versus EV costs unless you compare comparable purchase price vehicles and compare their depreciation costs and insurance cost; the horrendous depreciation of EVs alone is why I will never buy one as a private buyer.

Apologies if this has already been posted, but here goes...

“Having discovered Sea Lion some 15 years ago, we are obviously delighted to be able to announce this equity fundraise, which we are confident puts Rockhopper in the strongest possible position to take FID by the end of this year and to reach project completion of the first phase of Sea Lion with no additional equity dilution. We look forward to continuing to work with and support Navitas in its role as Operator in bringing Sea Lion onto production and finally crystalising the value in the asset for all of our stakeholders.”

This is massively good news from Rockhopper who have taken advantage of very strong share price performance (1M +45%, 6M +105%, 12M +366%) to delve into the market and raise $140m at a time when operator Navitas are making noises about FID. Of course RKH cannot comment on this but getting funded now places the company in a strong backing position for when Navitas presses the button which I reckon could be imminent.

Rockhopper is now in the enviable position of being in the box seat on a huge project, surely now massively de-risked and if these numbers in today’s extensive announcement are in any way accurate will be able to ride the Sea Lion wave with no more need for equity raises.

The strong share price has meant that the company has not been left scrabbling around for significant investors and they even note that ‘the Placees include a combination of new Israeli based institutional investors as well as larger existing shareholders’ and that the raise was massively oversubscribed. It may be worth noting that when companies choose a farm-in partner, to select someone that might carry big investors with it count for plenty. I remain a huge fan of Rockhopper and readers know that there hasn’t been a bigger backer of Sea lion since Premier days and before…"

See https://www.malcysblog.com/2025/07/flash-blog-rockhopper-prospex/ for blog post.

The listing rules mean they would have to issue a full prospectus, which takes weeks and costs a lot, to offer anything above the mandated EUR 8 million limit.

About £3.60 : https://www.asx.com.au/markets/company/GGP

HBR also appears to be fighting its way back, however could because its the last chance to get in before ex-div?

Https://www.youtube.com/watch?v=98KGH8MPudQ

From around 17:15

According PM on my a/c offer now closed on HL.

Alas, take look at Brent today...

This article outlines the possibilities we all should know about! https://stockhead.com.au/resources/telfer-for-sale-asx-juniors-could-play-a-role-in-the-consolidation-of-a-legendary-wa-gold-field/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-07-11-2024&utm_content=httpsstockheadcomauresourcestelferforsaleasxjuniorscouldplayaroleintheconsolidationofalegendarywagoldfield&utm_medium=email&utm_campaign=AM%20NL%20July%2012%202024&utm_content=AM%20NL%20July%2012%202024+CID_8b08bbb882bbb8b63acf10dc6b8141a5&utm_source=Campaign%20Monitor&utm_term=Telfer%20for%20Sale%20ASX%20juniors%20could%20play%20a%20role%20in%20the%20consolidation%20of%20a%20legendary%20WA%20gold%20field

Given the difficulty getting anything here (planning/multiple legal challenges etc) and a very iffy looking tax situation in future, let's hope the production will NOT be in the UK for these opportunities!

Https://www.proactiveinvestors.co.uk/companies/news/1036855/greatland-gold-delighted-as-havieron-resource-rises-by-almost-a-third-1036855.html

The last quote in the article: "All of the increased indicated resources will be included in the ore reserves estimate that will form part of the feasibility study for Havieron being prepared currently, Day added." shows that the release has been discussed with NCM.

Shaun, it's ex-div on the 21st not tomorrow: https://www.bat.com/group/sites/UK__CRHJSY.nsf/vwPagesWebLive/DOALSC3V

They appear to be spending approx. the same amount in USD terms each day - I have checked half a dozen days to yesterday; to 3 figures they are spending about $1.56m a day.

By the time they have completed this 'study' the NS will be well on the way to effective closure as many operators will have halted all further investments.

Https://www.bbc.co.uk/news/uk-scotland-scotland-business-65776000

Don't know if this has been posted here, but it's one for the former SXX folk: https://www.youtube.com/watch?v=22dIkWYUAxQ

What will they do when the jobs in Aberdeen and elsewhere are reduced further? Labour party needs to win big in Scotland to be assured of a convincing majority in the upcoming GE.