Member Info for BlooBird

Great post Yeast ... thanks.

One question

"Navitas is definitely getting on with things, many LOI's are signed, a FPSO is selected and long lead items are ordered."

Was this mentioned at the AGM, that an FPSO is definitely selected ? I can't find any mention of that in the online AGM presentation.

Could someone please explain what the 'DSUs and the upcoming checker-boarding' means ? ... thanks.

Many years ago, when I was a young man, I bought several thousands of FOG stock @ 6p per share.

Now I'm an old man (87 today) FOG shares are still 6p .... maybe I'll have it engraved on my grave stone " Are Fog still @ 6p ?"

I doubt if Isobel/Elaine would be able to connect to an FPSO @ Sea Lion ... it's 30 km further south.

It must come as a great relief that there will be no further need for a share dilution, at least in the near future.

Argentina making noises about the Falklands again.

https://www.express.co.uk/news/world/1911313/falklands-sovereignty-argentina-uk-javier-milei

Dalek paid $1.24 Billion for Ithaca which was about to produce 20,000 bpd from the Stella field ... RKH has to be worth a lot more than Ithaca was.

p.s. I paid just over 20p for Ithaca and sold at Dalek's offer price of about 120p.

Https://www.youtube.com/watch?v=_0XO3LZc0gE

Pleased to see that we hit a 12 month high today @ 14.25p until I noticed that it was for only 70 shares for grand total of £9.98 ... someone spending their pocket money ?

Who will RKH pay the Tax on oil to ?

a) FIG b) British Govt. c) Both

If it's b or c then when Labour get in RKH is screwed.

Let's hope that if Labour do get elected then they do so with a majority. Otherwise they will end up going into a coalition with the Lib Dem greenies or

(god forbid) the idiotic SNP.

It's scary enough that Ed Milibrain will be the next Energy Minister and that David Lammy will be the new Secretary of State for Foreign, Commonwealth and Development Affairs .

This is link ... sorry.

https://www.telegraph.co.uk/news/2024/05/17/im-bored-of-educating-ignorant-argentinians-about-falkands/

Another story about the Falklands in DT this afternoon ... I'm amazed at some of the ignorance shown in the comments column beneath it.

People, commenting on this story, claim that nothing can come of it because of an International treaty banning mineral extraction until 2040.

On 5th Dec 1994 Russia signed an international agreement that (along with Us and UK) it would protect the Ukraine .... that went well didn't it ?

The world is using almost 36 billion barrels of oil per year .... the whole of Sea Lion would keep the world going for less than a week.

The World is going to need that oil in Antarctica eventually and If Russia or another super-power go after it, who's going to stop them ?

This is a follow up story about oil in Antarctica in today's DT (for those who don't think it's just click-bait).

https://www.telegraph.co.uk/business/2024/05/14/russia-putin-oil-grab-battle-drill-antarctica-reserves/

The Falklands have just become the most valuable piece of real estate on earth according an article in the Daily Telegraph today.

https://www.telegraph.co.uk/news/2024/05/13/russian-oil-discovery-british-antarctic-falklands-argentina/

The AokaMizu only has a capacity of 30,000 bpd .... I think Navitas wanted to initially process 60,000 bpd in the first phase of Sea Lion..

One thing, that Tamboran and Falcon have in common, is that they're both going to run out of money in the future. A solution would be to sell a chunk of their acreage to a bigger company and split the proceeds 77.5%/22.5%.

The sooner the better.

If Bryan Sheffield is busy loading up with shares @ 6p then I assume he thinks (so do I ) they are worth a lot more than the current SP of 6.5p !

After the farm out to Premier, there were a few wells drilled. Did RKH use some of the carry or did they pay their share completely themselves ?