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It supports the statement by Navitas earlier this year that a decision will be made next year regarding FID , but with Navitas on board Bloomberg are suggesting Sealion could still go ahead...just, because of the type of crude it would produce?
Godders has finally gone green on my screen after last nights effort from him...I don't add much enlightenment to this board but at least |I generally keep my trap shut when I have nothing to say.
Thanks once again Mogger
Looking at the English part and the translated Hebrew part of the document FID is now expected mid 2021 stated in the Hebrew part and around 1st July 2021 from the English part of the statement...so it looks like the project is further delayed (as a result of Covid19) rather than dead according to Navitas ,who I think have a better idea of what is likely to happen than some of the depressed investors on here...so to re-quote from the Monty python parrot sketch the project is not dead....just resting...Norwegian blues tend to do that ;-)
Thanks Mogger....
Quote from from paper 75-20
4.4 The Sea Lion development is of critical strategic importance to the Falkland Islands. It
is likely that in the short to medium term, the development will be serviced from the
existing TDF port facility.
So looks like FIG still think Sealion will go ahead......
I have just found my notes from the 2019 AGM regarding the OM claim
Moody stated that if the award is c£50 M then the fee will be 50%, if the award is c £100 M then the fee will be 35%. If the award is above £100 M then the fee will be lower still on a sliding scale. He said it was about covering costs of the 'no win no fee' representation.
Nearly 9 M shares traded today , its a long time since we have seen that, and there was a lot of blue on the screen today, it surely must be better than all the green I was seeing a few weeks ago , so it looks like there is someone/people who is/are interested out there. Have a great evening fellow long term holders/sufferers. Lets all hope this is not just another false dawn... time for a G & T !
Well Godders you have tripped yourself up again...if you have attended the AGM previously you would have received the right to vote as you would have proven that you hold shares...you would know how to get the registration to vote...they come together. So you are just proving you do not hold shares.
Once again Godders you are not making any sense...how can someone who allegedly holds nearly 0.5% of this company not know how to get a voting registration for the AGM...it is straight forward enough, if you hold that many shares why were you not at the last AGM, if you were you would know how to register that you are a shareholder. I am beginning to think you are not actually a shareholder and are here to just make everyone as miserable as you are....or appear to be.
Gold-Dust Godders is like Marvin the Paranoid Android...he would find some thing negative top say if the RNS stated Sealion had been Sanctioned lol , Come on Godders all is not lost :-)....haven't you got to 0.5% holding in the Rocky yet?
Surfit I do not entirely disagree with you regarding the salary and bonuses...as stated previously I abstained when the vote on remuneration happened with about 3 others at the last AGM...perhaps I should have had the guts to vote against but at last years AGM I still believed the project would go ahead....now I am a bit more sceptical but for me there is not point in selling my shares, I'm about £80K down and selling now would sustain me for about one or two months, so there is little point.
That said I don't complain because nobody held a gun to my head when I bought into Falklands Oil dream, It was always a bit of a punt for me, but it will still hurt a bit if it all goes 'blue tits' up !
Surfit ,....Are you not even going to try and ask that question...what is the point of continually griping on this forum unless you are going to actively try and complain to the BOD directly? Its a bit like not voting in a General Election and then complaining about the Government you get?