focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I wonder how the timeline goes if the application is rejected…..
Tacuma, I think the only person who could influence this is Mr Ahlefeldt-Laurvigand his 34.9m share strong holding and chair on the board, however I do often wonder how much he looks into his investment here.
From my entry price to our current price his current holding in shares will have reduced in value by a whopping £2.7m, obviously his holding has increased in volume of shares as the SP ha frittered to where it is now, but the potential value reduction is surely significant enough to justify asking questions!
I wonder if SO will do a HM and sit tight until retirement, I hope not!
How about SO gets in front of the camera and justifies Serenity, clarifies both the value left in the asset and also the tax position regarding the failed drill.
Then he could drop in the cash position and confirm cancellation of the loan from UJO, people might have a bit more respect for him then rather than calling for his resignation as they were earlier in the week.
I really don’t get why we don’t have a more investor facing board member at times like this.
8 years in here, i do have some comfort in the fact it’s virtually impossible to lose any more money these days, purely thanks to Wressle.
(Then again theres always room for another placing and fantasy company maker).
There must have been some form of Technical synergy between the teams on the re-negotiated drill site, I can’t see for one minute a minnow with a minority share dictating to the majority holder where to go poking the bit, surely it must have been a mutual decision and a location that provided the most bang for buck at the time based on the information to hand….
Anyone know if Serenity falls within the governments incentive for investment in fossil fuel development? 91p in the pound relief I loosely read earlier in the year, or is this only for producing assets?
Would make Wressle income pretty much tax free for a while.
Every cloud and all that…..
The market doesn’t have faith, we need a positive FID and physical progress, too many false dawns.
I would like to think RKH and Navitas have been working on this behind the scenes in parallel with completing the HBR NAV transaction, therefore we should be further down the road with this than it seems from the outside.
The resource needs to be exploited sooner than later to ensure it is fully exploited IMO.
My thoughts exactly draft, licence applications pending, cash in the bank to service them.
BOD aren’t the showy type, seems like they want to let the numbers and physical progress do the talking, glad they’re not sat collecting salaries waiting for Ireland to come in, just a shame they can’t make it a bit more exciting for the audience…..
Unless the BOD know something we don’t I think the £1m loan was secured prematurely.
Surely Wressle FCF and production to date secures our overheads and any additional Serenity work up is unknown to date until the current appraisal drill results are known and assessed, therefore how can they borrow towards it?
Possibility of a new venture lurking behind the scenes?
I guess we’re also due an update on the Causeway GT venture at West Firsby?
Good luck Tacuma!
I was debating selling my RKH at a substantial loss today and going all in here in the hope I can pull out of here after drill results and jump back into RKH before anything significant happens with them.
After assessing my past luck I decided against it, average is in the 5’s so hopefully be able to cream some profit on success.
donalb, massive difference between EOG’s situation in Ireland and Ombrina Mare, being that RKH had proven resources, EOG are simply wishing to drill an exploration well. Even if we went for back costs to date on rejection I guess the legal fees alone would swallow a large proportion of the relatively minuscule costs we could potentially recover.
Looks like she’s moved slightly North, straddled by Njord Viking & Brage Viking.
Hopefully a good week ahead, would have been nicer to have a stronger foundation for Spud mind, hopefully some newcomers next week.
GLA
REM Supplier is still alongside with Esvagt Kappa standby boat within 1 nautical mile of Stena Don, both are pretty stationary and transmitting regular updates (within 30 minutes).
Been holding RKH for years, unbelievable outcome and should set precedent going forward.
If Minister Ryan acted with a balanced view to a green transition it wouldn’t be so bad, use gas as a transition fuel and the RKH Arbitration example as leverage to approve exploration of currently awarded licences.
I don’t think intelligence and authority align with a common sense approach.
Fairdealer20,
The summary does, for weeks now the navigation status has been at anchor and updates were minutes behind.
Currently no navigation status as of yesterday and 26hrs since last update, therefore I’d say something has changed. I’d say de-anchored and preparing to move.
Navigation status no longer “at anchor” with delayed status updates, could well be getting ready to move….
https://www.vesselfinder.com/vessels/STENA-DON-IMO-8764418-MMSI-232020225