Member Info for JimmyGodbold

OK, I'm convinced.

The SP slide is clearly a result of Divi's short position and his price forecast. Should have realised that before posting. Sorry about that.

Markednmbr1. I don't think we have the clout to influence Navitas decisions, but they have the clout to put a finance director on the Board

Markednmbr1. So basically you are agreeing that RKH will have to find the 35% of any acceleration budget?

I am just suggesting this is the reason for the SP decline "FOF", fear of fundraising.

Appointing two new "finance" directors when the narrative is "fully funded to first oil" is bound to cast market doubt on that narrative, rightly or wrongly.

Accelerating phases 2 and 3 of Sea Lion when they were supposed to be sequentially fully funded from phase 1 revenues also raises eyebrows.

Share price declines, unsurprisingly.

Navitas will be awash with cash from selling down part of Shenandoah and from $90+ on its produced oil in USA, so is free to do as it wishes; RKH looks like the tail being wagged by the Navitas dog and share sentiment is affected by that.

"Llandudno Scrolls - can anyone explain please?"

Oil well core store and document archive for Oil Cos at Llandudno Junction, operated by Oasis Group.

These facilities typically hold operator‑retained material, not the statutory quarter‑core that must go to BGS.

Two Israelis surely?

The trajectory for BP is now clear:

1. Sell the North Sea assets

2. Appoint a US citizen as chair

3. Move the listing from LSE to NYSE

4. Reverse into a US subsidiary

5. Name change to AMOCO, not BP

6. Egg all over the faces of Miliband and Reeves

Nick

They are not shares, they are partnership participation units, a totally different thing from shares.

"Solution…….all share offer from Navitas @ circa £1.50 a share for RKH giving the new combined entity 100% control of Sealion."

The problem is that Navitas is not a share based corporation. It's a partnership so it cannot directly make an all share offer. It might be able to offer shares through a wholly owned company, but such shares would not be tradeable.

"Only a lunatic would entrust it to Harland & Wolf" said our FPSO expert Mirasol.....so who is that lunatic?

Ah Bressent, the guy who assures Trump that exporters pay tariffs. As believable as the Old Testament.

"The US Office of Foreign Assets Control would be sanctioning anyone paying tolls to the IRG-"

How would they know? The toll is crypto currency.

"Does anyone know what's going on?"

Yes. Trump will TACO

WTF has a Hormuz Toll to do with the US Office of Foreign Assets Control? The IRGC is running it, not Washington. A dollar a barrel is just rounding error for an oil company, a penny at the pump.

Oil traders charter tankers, rarely oilcos, and the cargo can change ownership several times at sea. In any case the possible Hormuz toll is $1 a barrel at worst. Peanuts in the global picture.

Why would they be sanctioned when Trump says he will take 50% of the toll?

Yes, but the major oil companies don't pay, it's the ship owner.

Ships pay the toll, not oilcos. But shipping companies pay to transit Suez and Panama canals, and to dock, or anchor in Singapore roads, or go up the St Lawrence Seaway or transit the Bosphorus strait etc. It's a regular cost of doing business and it is included in the CIF charge, surely? Nothing new with a Hormuz toll, if it happens.

If one of the Israeli institutional investors have wind of situation in the White House Situation Room and given it's Friday (again!) they might have have gone short in a big way and walked. Trump is about to feed Bibi to the lions.

You don't need FPSO experience to clean the tonnes barnacles off the hull of a ship before a long voyage, you need a dry dock. UK has several of them. H&L is back in business as a subsidiary of Spanish state-owned shipbuilding company Navantia.

The barnacles will have to come off at some point before the refit, and its more efficient to do that before embarking on a round the world voyage