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Thats a very sound and sensible strategy. Previously Eco has always done well, share price wise, on the journey from spud to entering the pay zones.

I am disappointed we have not had more news from Eco on Guyana and the Walvis basins but patience is key here.

Not many better better risk / reward shares around. We just need a catalyst to start the share price journey northwards.

They seek him here, they seek him there …….

Hi oldscouser,

Yes, that is marlonmonkey’s work. Great find from your archives.

Marlon produced some great work and analysis for the iii board. He was very well respected.

Isabel is indeed an enigma. As others have written, the geology was never fully understood due to the downhole problems. It could very well be the jewel in the crown, but at least two more appraisal wells are needed. For those who plan to hold shares for the medium term, Isabel could reward them very, very well.

I suspect next week will be interesting …

I doubt a positive insurance payout would cause the share price increase this week.

Shenandoah actual oil rates v pre production plans will not be confirmed until a few week post first oil. The Shenandoah first oil delay until mid July is disappointing, but nothing of concern.

I doubt a packet of hob knobs has been found at this stage given the keen appetite of those who attended the AGM.

What’s left ?

Thank you to those who provided feedback from the AGM.

The picture is now pretty clear.

Navitas are hours from first oil on Shenandoah. Navitas will get project funding (barring a black swan event) and FID will happen in H2 2025, as forecast. I would expect the prediction of the September board meeting will extend to October or November for FID confirmation.

Rockhopper need to raise about $50M. An equity raise is the preferred option. The project net share of NPV to Rockhopper is staggering.

I would suggest we get news on the insurance payout in July. I can’t see this being an issue, but it’s not in the bank, until it is !

An equity raise of $50M against a significantly larger NPV should be relatively straight forward.

As for the share price, its all assumptions and prone to the larger market conditions, but I would suspect we will see:

July/August : a range of 45p to 60p

Rest of 2025 : a range of 60p to 90p

As Sam put it - we have never been closer to FID ! It’s been a long, challenging road but the end is in sight.

It would seem the AGM date and time has been planned perfectly !!

I look forward to feedback from the event.

“ If we ever do hit with the drill bit this board will attract all the nutters we see on other boards and the name calling etc etc, can’t wait to see the idiots 😆 “

Never mind hitting with the drill bit, just the run up to spud will send the share price much higher !!!

Surely we will get farm out new soon ?

One legged Pete has instructed the Barman and Cellarman to make haste for the Mid Summers Day party.

The Chateau Rothschild will be flowing.

Here comes the sun !

I popped into Sharkeys last night. The place was very busy with the music on full volume and the dancing girls busy getting drinks from the punters. There was quite a number of new faces, mostly arguing over share sales and underhand Italian dealings. The locals however, were their normal upbeat selves with talk of Aston Martins and high end Rolex watches.

The Owner and one legged Pete were drinking together and I joined them for a few Angkors. The Owner told me that he was planning THREE major celebration parties this year with Chateau Rothschild at each. One legged Pete predicted the first celebration party would be around mid summers day.

I haven’t seen one legged Pete in such a happy mood for a long time.

Here comes the sun !

Good news on Block 1. I would assume, given its location, that a farm out would be very probable and easier to execute when compared to the Walvis basin blocks.

I have noticed more public relations on social media from Eco as of late. I view this as a positive and could be viewed as a solid communications strategy pending further news. Let’s see ….

As predicted, several “new” posters have arrived to peddle a mixture of false news, half truths and spin the reality.

The market does not like uncertainty and some posters attempt to use this for their own gain.

Yes the arbitration was a disappointment. The director dealing of 25k is nothing.

The fundamentals here are what matters and the risks associated with them.

Shenandoah first oil is close and this will be the next piece of good news.

I rarely engage with the trolls on the board as it’s best not to give them oxygen. Everyone to their own opinion, but meaningless “forward and back” posts add no value.

There are billions of barrels of oil in the North Falkland basin and that’s the main driver coupled with Navitas’s ability to extract it.

Sea Lion FID has always been planned after reliable and to plan Shenandoah oil production was achieved.

Shenandoah commissioning and tie ins are very well advanced. I would expect news around mid June.

I expect Sea Lion FID in late September. I am very optimistic that funding will be straight forward.

The pieces of the jigsaw are all there. The arbitration piece is also now known albeit not the piece we had hoped for.

A disappointing result to the artibration. I am surprised by the result, but in hindsight, the long wait did not bode well. Rockhopper were very prudent to have insurance in place. The Italian era is all but over !

The resources report is excellent news but lost in all the noise today.

The trolls have arrived and will unfortunately be with us now. The downside to an exciting share.

I am a medium term investor here and today is one of those days that you do not like, but in the overall scheme of the Rockhopper investment, the arbitration result will soon be history. The resources report is key and the hydrocarbons have not gone anywhere.

Today is a good opportunity to buy for those that wish to.

I remain of the opinion that 75p + is likely before the year is out.

Looks like an Orinduik farm out is fast approaching. It will be interesting to see what this does to the share price.

Very good RNS update from Rockhopper today. It's worth reading it all a few times !

The mid 2005 to H2 2005 FID date change has obviously moved the share price the last few days. Interesting if you are trading, but of little consequence if you are investing for the medium term.

I suspect that there may be some very positive, unexpected news from Navitas / Rockhopper in the next few months. Let's see.

75p+ remains my target for this year.

Good to see double digits again and a move from the yearly lows.

Is Orinduik news about to come ?

With a decent Orinduik farm out to a mid-cap i would expect a share price re-rating to mid teens ? To XOM or Chevron, it will be higher.

This share will have its day !

Nothing unexpected from Navitas in their latest reporting, the important details given and implied being :

- Shenandoah first oil remains on track for around mid June. As I understand it, everything is on track with the major subsea tie-ins having now been sucessfully completed. Production reliability, post first oil is now key.

- Sea Lion FID is in H2 2025. Most likely September to tie in with Navitas board meetings schedule. Financing is being actively managed.

- A third partner is still a priority. I had expected a conventional partner and several companies have had meaningful discussions with Navitas. Industry “chatter” is now suggesting a private equity solution may be on the cards. I suspect Navitas will set up an OPCO to operate their business in the Falklands.

- The relationship between Navitas and Rockhopper is very solid. Rockhopper will have no issue raising their share of the required capital. A placing or dilution of Rockhopper shares is very unlikely to happen.

As I have said previously, expect more de-rampers to arrive as the Rockhopper journey continues. Half truths, speculation and fake news will be sprayed around as facts !

As of today, the Rockhopper journey is in a terrific position. The upside is clear blue sky. Remember Sealion is the start of opening up a new oil provence.

I would expect 75p + sometime this year.

As Rockhopper moves forward, there will be increasing noise from investors who want to play the share or have an axe to grind.

There are risks with Rockhopper. An astute investor will understand these.

Right now the main risk is with Shenandoah. However, this risk is being very well managed and there is nothing to suggest that first oil will not arrive by mid June.

In my opinion, the market will remain erratic for the next few months before settling out for the better.

I am not one for year end predictions - I would have initially thought back in Q1 that 50p by FID would be good. I have become more bullish with Rockhopper as events have unfolded. FID will happen in August or thereabouts. I would not rule out a third partner. I am optimistic on the arbitration but the timing remains elusive.

Sit back, relax and enjoy the journey. Being part of a multibagger’s journey does not happen that often !

Inching up on low volume.

When this share ignites, it will move very fast.

Best risk/reward share I am aware of right now. Although not for pensions or orphans !!