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I am sorry to say this, and hope it does not work that way, but I am a realist. Maybe a very large thick brown envelope is needed full of grease to get thi gs moving!

Pre not post! I'll get my coat.

Lots not lads!

LTT,

Yes from a Navitas perspective there is lads to keep a rig busy post Sealion development drilling. Exploration well in PL001. Potential appraisal well in same, and if it still has time have a poke at Isabel. My dream scenario.

ECO has been fantastic buy for me. Only bought in Dec and it paid a big profit within 24 hours. Bought a few more which have continued to go up. Thanks. This board is the best for great tips like PLSR and ECO from posters with credibility. ECO reminds me of the excitement when Desire and RKH were drilling around 2010. So much potential. Now they are in the FI adjacent to RKH most likely sharing a rig later this year or early next, so cant be moaned at too much for talking about them :-)

Great article TNM. Just reiterates my conviction that oil and gas is going to out perform in next 5 years.

Sorry, posted my last reply to wrong thread.

Money seems to be moving out of here atm. Into big producers to cash in on the uptick in crude as the sabre-rattling comes to a head in Iran. All the big producers are up last few days and correspondingly RKH and my other non producing oilies (ECO) are down . Good top up opportunity maybe at some stage. Incidentally I've started re-allocating my portfolio to more oil producer heavy. Not reduced in RKH though as think time will come, but think oils are due re-rating. RKH will start increasing as news starts coming through at end of year imo, so not going to get caught out by selling cheap. Just a pity we are not 18 months down the line when this Iran thing sprung up.

Money seems to be moving out of here atm. Into big producers to cash in on the uptick in crude as the sabre-rattling comes to a head in Iran. All the big producers are up last few days and correspondingly RKH and my other non producing oilies (ECO) are down . Good top up opportunity maybe at some stage. Incidentally I've started re-allocating my portfolio to more oil producer heavy. Not reduced in RKH though as think time will come, but think oils are due re-rating. RKH will start increasing as news starts coming through at end of year imo, so not going to get caught out by selling cheap. Just a pity we are not 18 months down the line when this Iran thing sprung up.

....start the process again this weekend. H-L fees are too high especially when holding becomes bigger. ii's fee structure worked out far cheaper, for me anyway.

Sorry posted before complete, fat fingers.

I was in the process of moving my SIPP from H-L to ii, but put it on hold due to open offer. I will start ghe process a

Yes finding this very hard to value. Not complaining as I put 5k in as a speculative bet and its worth over 13k now in little more than a month or two (thanks buildersbum3 for the tip on RKH BB). There is no open market for Helium 4 and even smaller market for H3. But speculation could take this on a wild ride, especially if the press run with the story. I guess I'll just top slice on any significant news.

Nikb,

Yes exactly what i was a meaning. I think the same, he is sabre rattling but will peddle back and probably get Europe to spend more on defence. This seems to be the way he operates. But who knows what he's thinking? But I think having the money out of the market will work in everyone's favour considering sanctions, especially if you dont just look at RKH opportunities.

Nikb,

I only put in 5% over my entitlement. But you might be glad to have cash out of the market for a few days, as I can see the markets tanking today with the announcements from Team trump over the weekend. Blessings in disguise!

H3 could be a game changer. Came across this interesting substack. https://www.google.com/url?sa=i&source=web&rct=j&url=https://balerionspace.substack.com/p/the-helium-3-imperative%23:~:text%3DHe%252D3%2520bottleneck.-,Current%2520Helium%252D3%2520Sources,viable%2520as%2520a%2520primary%2520source.&ved=2ahUKEwibsJCit4uSAxWbif0HHbm3JpkQmL8OegQIBxAC&opi=89978449&cd&psig=AOvVaw1rcY7bRrTbycRJ_civN8yu&ust=1768493890107000

My thoughts were people selling to fund their allocation. Maybe a few selling is enough to drive the market down, I'm not really sure how much it would be effected at the small percentage as you said. FWIW I went for 5% over, as cant see many not going for it. Unfortunately lost access to my wifes Scottish widows account and account reset code never arrived in post in time, so her allocation of £20 quids worth of shares will be available for the taking lol 😄 .

"I think drilling will be much sooner, when the rig arrives they will want to explore prior to development because if they have more oil they need to update the DP."

I would agree Harel, if they get a good rig deal they could get it down to the S Atlantic sooner rather than later. Drill a hole in PL001 and maybe Isabel in their shared area with RKH. I've increased my holding in ECO today adding into my ISA as it all looks like good news going forward.

Obviously Porosity and Density tools in the reservoir which WRFD have cheap and cheerful and they do a basic acoustic offering.

N08s

Yes I would totally agree they are outdated, but sometimes all you need is Gamna/Res. The rest is just service company upsell. If its a clear cut reservoir its all you need. MWDFPT is good bit I imagine they will run most of that on wireline after each reservoir section.

Have worked for Weatherford for a short stint. Also Baker. Although WRFDs DD and LWD tools are not on a par with Bakers, they are fairly reliable, cheap and cheerful I would say. Completions at WFD are generally OK, although not my area of expertise. MPD are good but dont think we will be using that service. I thought Someone suggested Halliburton would be the contractor a few weeks ago. Must say I could find nothing on AI to say WRFD (or Halliburton) had the contract.