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Redwineday - no news from there either.

There was some “chatter” about Orinduik earlier in the year, but that has went quiet. I suspect Eco are playing hardball with Orinduik.

So much potential - so little news !!

Dat - I don’t know. No leaks.

Run up to a drill will obviously cause the share price to be multiples of the current s/p.

Any farm in would significantly elevate the share price.

I feel there is much unfinished business in Orinduik.

Walvis could be massive if Chevron drill and find a working hydrocarbon system.

No much potential with Eco !

Paul - you are quite correct.

My memory has been affected by too many beers in sharkeys !

I recall an Armada Day from Mystic Meg ? A date that distantvoices eluded to that a “special something” would happen but it never did ?

I have waited for quite a while for this share to ignite. Which comes first :

- Walvis basin blocks farm ins

- Orinduik block farm in

- Block 1 farm in

- Block 3B/4B drill

- Left field piece of business

Whichever it is, please get on with it !!!

I understand all is going smoothly at Shenandoah with first oil still planned for mid June.

I understand FID is still planned for August although this may slip into September due to Navitas board meeting timings.

News on the Italian arbitration is non-existent. It could drop at any time.

I suspect we will see 60p broken later this month or probably June. We don’t need Antiques of Woodstock’s better half, Mystic Meg, to tell us that !!

I popped into Sharkeys last night. To my surprise, I noticed they have introduced a bouncer on the door – I haven’t seen that since the “desire days”. I asked one legged Pete about it and he told me the place was getting busy and several undesirables had been bothering the locals. One of the undesirables, in particular, had been an irritation. A hideous chap by the name of Garbled, although he has many aliases. He keeps berating Sharkeys and preaching doom and gloom to the locals, all the time praising and lauding the bar down the road.

Sharkeys was busy. The Barman was in top form. It would seem Sharkeys summer programme is fully planned, fully funded and that execution is nicely on plan.

The Owner and Cellarman had been doing cellar inventory and the crates of Chateau Rothschild are all there, just awaiting the formal documentation to be signed before the big mid-summer party begins.

The locals remain transfixed on Marlon’s sump but Nick’s predictions have them equally engaged these days.

Not a cloud in the sky. Here comes the sun !

Good to read first oil confirmed for June; that tallies very well with the houston tittle tattle.

The key for Shenandoah is now ensuring safe and reliable production post first oil. We will not know about this until July/August.

I remain optimistic about my FID prediction for August.

I haven’t heard much recently about a third partner but in reality that can occur anytime, although I suspect we may get an inkling this year.

The share price will do as it will but north of 50p is probably a certainty in May (bar any black swan events !!).

I didn’t expect the next news flow to be about Block 1. Undoubtedly the data acquisition is good news and will speed up leads maturation and a potential farm out. Could Block 1 be the jewel in the crown - I never expected so, but stranger things have happened. The block is certainly on trend with some of the discoveries in Namibia.

The rest of the “news” on 3A/3B, Walvis blocks and Orinduik is old, but nevertheless good to read that all are being progressed.

Eco keeps things quiet so there is not much chatter about.

I still believe that XOM have a strategic interest in Orinduik and that Eco are negotiating hard.

When and if this pops, it will ignite quickly.

Well done to those who bought at a “discounted” price today.

A retrace is always healthy after the recent weeks increases. Never nice to see, but in the medium term, means nothing.

As I understand it, the Shenandoah hook up and commissioning is going to plan. I remain of the opinion that first oil will be next month, June.

Navitas FID will be based on an oil price assumption and the current oil market moves will mean nothing. I remain of the opinion that FID will be in August.

We should return to 50p sooner rather than later and I’ll stick my neck out and say 65p to 75p will be achieved this year with the current information available.

Always appreciate your posts LTT - you’re one of the good guys on this board !!!

First oil is a number of weeks away. Offshore hook up and commissioning, especially for subsea wells, is a relatively complicated process where procedures and plans must be strictly followed. The aim is to have a start up that is safe and production reliability is high after start up. Executing this should not be underestimated and risks need to be adequately managed.

I expected Shenandoah first oil to be in June.

I also expect that you will do very well from your long term investment in Rockhopper. Market sentiment is overall returning and hopefully the US will sort the tariffs out in the next few months (although I suspect this will be a lot of bluster and wind !).

I suspect we will see 50p over and done with soon and I anticipate a quick rise from that point.

I also suspect that there are billions of barrels of recoverable oil in the Northern Basin but that’s for the future !!

I was in Sharkeys last night and was speaking to one legged Pete and the Cellarman. The Cellarman confirmed he has taken delivery of several cases of Chateau Rothschild. The cases are being stored in the cellar and the Cellarman is taking very good care of this valuable cargo.

The Barman was in fine form and serving the local and dancing girls alike their bottles of Angkor beer. The dancing girls are in very good spirits - business is up from all the new customers in the bar.

The locals were in their normal corner still discussing Marlon’s lump and calculating new resource numbers. Nick entertained the newer customers with his prediction of 50p and how he is related to distant voices.

The Owner had been in the Zaza recently but news from there was difficult to understand, although other news was very, very favorable :

I can almost hear the old folks say

"You'll make it big one day, you'll leave this town

Some other lazy Sunday you'll be back around"

Here comes the sun !

It’s good to see some activity on the board following the excellent Rhino result. I hadn’t expected Block 1 to be the center of attention at this stage !

There have been too many false dawns with Eco !

I remain convinced there is meaningful value in Orinduik. The Walvis basin will get wells drilled in it before too much longer. 3B/4B obviously being drilled in the early part of 2026 hopefully. Block 1 will hopefully get farmed out now.

This is a multibagger in the waiting. Yes, we have waited far too long but I believe the wait will be worth it !

Marlon’s sump full to the brim …… those were the days !!! Yes, there is a strong consensus that Isobel is very significant but it needs further appraisal. That’s some way off.

All going well with Shenandoah - Navitas’s share price will also tell you that. First oil on course as planned.

I had the full English for breakfast this morning …

Looking good to see a return to the soothsayer’s 50p. Of little consequence though, as this will go much higher this year.

Good times ahead - even the Monkey may return !

Nm

What a frustrating share ! I had expected news from Guyana or Namibia before now.

What has happened to the Orinduik farmout ? Yes, these things take time, but Eco have been farming this block out for a long time. Similar situation for the Walvis blocks.

The only bright spot currently is Total’s plans to drill 3B/4B in early 2026.

I would expect some updates before Q2 finishes. Also worth remembering that Gill has produced surprises before.

At sub 8p this is a fantastic entry point.

Patient and waiting …..

The stock market has been a wild ride these last few weeks - a similar story to Rory’s round at Augusta ! Hopefully we will get the same outcome !

Shenandoah is in position and the hook up and tie backs ongoing. First oil remains on schedule. I suspect we will have an oil price in the range of $60 to $75 at first oil - that’s fine and starts the cash register turning for Navitas.

I remain of the opinion that FID will be in August. A few months before or after is of no consequence.

I suspect the Trump tariffs will get negotiated in the next few months and the markets will have calmer waters again.

Rockhopper remains an excellent investment and we should see a return to 50p plus, in the next few months or before.

Today’s share price action was the opportunity for shorters and those with options to close. The data in the next week will support this. Market manipulation at its best !

The Sidara bid remains 50/50 in my opinion, probably more positive in reality.

A bid of 60p or thereabouts will get this done.

I remain invested.

I am rarely at Sharkeys early in the morning. Old legged Pete and the Barman don't normally show face until the early to mid afternoon. As is customary, the Cellarman was in charge in the morning. There were a few regulars having breakfast. Now breakfast is not normally a great meal in Sharkeys; they try their best at an "English", but it leaves a lot to be desired when compared to the real thing.

Strange thing this morning, one of the regulars was having pizza. I was busy and didn't have time to ask him how it was, but the regular looked happy.

The Cellarman told me there was no news from Zaza and that had gone quiet.

I hope to be back at Sharkeys soon again. I think I 'll go at night when the dancing girls are there !

Here comes the Sun !

Great to see the solid journey to 45p. The current price is relatively not that important, one way or the other, if you are here for the medium term. We will get to 50p quicker than most, myself included, expected.

Shenandoah first oil is scheduled for June and I suspect FID will be in July or August. The arbitration should also be sorted by then, if not a lot before. An August share price in the range of 60p - 80p would be realistic.

Shenandoah first oil, reliability and expected reservoir performance are now the important issues.

As always there is risk to be managed and Rockhopper is not for orphans and pension funds ! Having said that, a multi bagger is highly likely from today's share price.

And still no-one outside a selected few “insiders” in Sidara and Wood know if a bid is coming and at what price.

Thankfully we have approximately one week left to find out, unless there is an extension.

Signs point to an incoming bid, but at what price.

I suspect all but a few traders have now taken their position. This could go either way.

Leaks over the weekend ?