Member Info for gus0

All this talk about expensive rigs, deep water etc etc especially on RKH board. Its quite simple, Darwin is costed- its 640 million USD /£500 million with production at 26,000 barrels per day. The appraisal well will also be a development well. Earnings at the current barrel rate would be USD 15 Million per week, Capex repaid in 43 weeks.

If this doesn't attract funding then nothing will, its compelling and the reason why I am here.

This has been revised up considerably since.......

LTT, it's entirely plausible that NAV do go for BOR at some point but I dont think they will want or need RKH involvement. If they get more partners involved then BOR is for the taking by TO or Farmout. However my gut still tells me we are doing it a different way, we have far more leverage with owning 100%. Darwin is a cash cow and the world is a greedy place, it won't be ignored forever.

I dont think confidentiality has existed for a long while, I also don't think this will be farmed into either and we will go it alone. Navitas is the obvious choice but they haven't the cash to do both RKH and BOR in quick succession, interesting days ahead and I am looking forward to communicating with our new CEO soon.

Navitas haven't the cash yet, it would make absolute sense to exploit BOR BEFORE RKH.

I don't think lenders will offer debt finance before an appraisal for BOR, I am going for convertible bonds and equipment financing. Convertible bonds is ideal for this scenario.

Entirely possible because............................. we own 100%

Convertible Bonds Offering coupled with supplier finance (equipment) here. Borders going it alone.........?

Hey MD, I see you got laughed off the board at RKH and are back here. You are a proper clown that actually makes me laugh, why on earth would anyone want to tell porky pies about what they buy or dont buy here- there's nothing to boast about here at 2p. Myself and a few others have been here for years, whilst you flutter in and out like a headless butterfly gobbing off. Proper *nobhead.

AB threshold crossed 10% on the same day of this announcement- it's a big statement and absolutely no coincidence. I think we are doing this all by ourselves- Darwin 100% retained. Lets see.........

Did a bit of nosing around of our new CEO, a little strange. On the AIM statement, it says he is a director Alana Capital. Looking at it, he never was a director and the company doesn't even exist anymore ( didn't actually even start to trade). His other directorship is his own company (Baker Melling) and that hasn't started to trade either but is active. Auctus, he left the board 2021 so not sure what he's been up to for 3 years.

Well what a day, it's all starting to make sense now. Obee sourcing that FPSO for redeployment and looking at different production outflows was the end of his task at BOR , all the technicalities for production are complete and in comes the money man- Obee's job is done. Our North American friend's sniffer was working very well, his stake now well over 10% Who thinks this was a coincidence?- Not me, he knew in advance and probably knows what the next steps are. AB has form for inside trading-thats how he's made his money. And finally that invisible iceberg on the quote has melted away, so hopefully the price of this stock will be on the up.

Seriously positive today, I will be adding more here now.

It was both. Somebody is selling at 2p and someone is buying them............ just wish they get it done and dusted so we can return to the normal boredom of seeing the shares dealt here............. because right now its more boring than usual.

Another 1 million trade just popped up for today, defo MM-MM stuff because its off book and not affecting the price. Just waiting on the Holdings RNS to come, I think its got to be Damille- transferring. Not sure and dont really care in any case, just want something to happen here, its been dead for a long time.

Well on quote you can buy up to 1 million at 2p, which makes yesterday 1.2 million buy at 2.14p weird. Could be a false quote because I haven't actually tried to buy, however I did top up end of last week and got my 2p.

Interesting large trade for 2.14p which was well above the quote price of 2p. Also that suspicious 50k A trade at 2.1p, not sure what's going on here- but something is.

Navitas seems the likely patch if nobody else is interested. However like I have always said, when one starts- others will follow and I think the FI will be the new North Sea for a while at least. But as have all been moaning, this lousy board need to ge it over the line before we are diluted to nothing. If they offset their salaries for shares, I would have much more respect.

Well if the S hit the fan, we could as shareholders sack the board, eliminate all costs and hand it over to a third party for a percentage. The board to date have failed unless they know something that we don't, we could reach out to other holders.......... SACK THE BOARD. SACK THE BOARD SACK THE BOARD- could be a theme?

Yep agree 2024 or later... ( well I will still continue to gather more of Darwin like I did today) but that's the asset and not the board.

I personally think this dog will bark and for me I continue to accumulate............. although it would nice to see a bit of news

Page, you are talking some dollocks of late, all that's happening right now is somebody is selling at 2p and some are buying at 2p- there is no buying pressure- only a bit of selling which is gradually getting lapped up which is why we are .....still bloody 2p. Board know they need to deliver otherwise they get sacked, Darwin is owned by all stakeholders and not just them- in fact they are the minority.

I think it means nothing, I probably have more than the average Joe on this board and I haven't a bloody clue what's going on! But I will take any positives from anywhere, so fingers crossed!