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It's just about quadrupled since he was last tossing this sort of stuff around here. Could really be very bullish!

Oh my God, has the chess mess loser wriggled out of the undergrowth?

US oil production is the most fragile larger component of supplying the whole world. US shale will be the first to fall on low oil prices. Trump's upside down and back to front on the subject.

Grim sounds alot like godders et al. Did alot worse than lovely. Sold 6m shares in low 30s. No way back. All slipped away from him now. Everything's moved on and his old lines are from another universe.

Ralph - wouldn't be a sale if a third partner comes in. Monies would go into the jv imho. In other words a farm-out. Only a view but as I see it the funds going into the jv would be big potatoes with consequences for reducing the borrowings needed by the jv and perhaps even the pro rata "equity" contributions needed from partners - to below the calc in my previous post. Well that would be the positive scenario I'd say.

Sorry folks to set the record straight but would never be the plan at any stage for any partner to "stump up $700m"! The JV will finance 2/3rds, say, of the cost to first oil with project borrowings. Partners, whoever they are, only have to stump the rest, their "equity" share. If Navitas were to end up with around 50% that's 233 mln - 4 months of Shenandoah cash flow? They've said possibly bridging finance and I guess that's it. Repaid before you could even arrange anything else!

Wow, so much for 50p being a difficulty. Am I looking at marks over 51?!

I'm thinking volumes have been consistently high all the way up with no real gaps so retail HAVE been selling in volume ll the way, even if many of the folk who post on here may not have sold, or at least not much of their holdings.

Should help the price when news comes?

And Nav over 9,000 after a Nav/rkh relative shift in favour of rkh.Good SL partner background?

Godders - out if these low to mod 30s.

The Tullow high debt/oil price volatility factors etc are all linked. All reflect the development of loss- making fields. That's the difference between Tullow and Rkh.

The Tullow high debt/

"without any news", well just that what was earlier on a 175 mln barrels project is now 700 mln plus!

Wlto.be honest wouldn't think professionals or institutions would be reading, let alone influenced, by that sort of note.

'ooeerrr, watching this one at the moment

Like the "With financial backing secured ..."

Might be something different. A quasi ffnancial player? Lots of PE/private credit funding looking for a home. Might suit?

Ie, come down on share of jv

Yeah, don't see rkh would come down much if at all on a new partner putting funds into the jv. It's Navitas's "bag" to find the financing. That's the deal, was from day one, that's why they paid nothing up-front and the no rkh dilution clauses are there. Gesture, possibly, on dilution. No more.

Mention of financing options for equity component further emphasises FID being pretty much nailed on