Member Info for longtermthinker

If the 150k sell and the 250k sell is someone cashing in their warrants. 🤔

If so, it's doesn't look that good really, are they clearing the decks ready for a raise? You'd think they would be holding on if there was something in the air of a deal? Then again there will be plenty more to come from the inevitable raise, hopefully we can squeeze our snouts into the trough this time.

Either way, although I would prefer not to be diluted, if t allows us to extend our licenses and keep the wolf from the door for another 1 or 2 years, so be it. Fingers crossed they can do a deal within that timescale otherwise RKH will get first oil before we get a farm-in 😳

LTT

Gardie,

I don't think II's are buying, they might be just hover up a few at low prices, but I think pretty much everyone is in a holding pattern , when is drops folk buy a few whom see the bigger picture. There are no II's selling so that's good.

When volume hits 5m+ per day, then we will be up or down depending on the direction of travel.

LTT

Not to worry Divi, we will just have to agree to disagree, it's it's heading to 62p and possibly down to 42p, are you planning to buy in then?

Divi,

you still haven't replied to my question as to your reasoning as to why a company funded to first oil is heading to 42p!

A company that has a rig heading down to the Falklands in 5 months; all long lead items in the bag; that is targeting 55m + barrel with it's first development well; that has a FPSO sailing to Singapore for refit, to then tootle back down to the Falklands for connecting in Q1 2028; with tons of infrastructure being built in the Falklands to be ready for said rig's arrival; with the recent FITV interview with Ian Ramsey saying, "The train has left the station" AND on top of that, they have issued a MOU for a 2nd FPSO, which if signed up, will accelerate RKH production to 63k+ per year.

I explained why I didn't ask folk to explain posting £20 a share in the future, so can you tell me why you believe 42p? Or are you jumping on the bandwagon of a negative poster with no real opinion of you own? 🤔

KR

LTT

It seems quite probable Just, Navitas will begin drilling Sea Lion development wells from early 2027, they have 6 wells to drill before the Aoka arrives if all goes to plan. At approx 50 days per development well, and the Aoka arriving late 2027, it would be good timing to review the well data, connect the FPSO and while that’s happening, drill a well or two on PL001.

It makes perfect sense to me. Only 5 months maybe less before the rig sets sail down to the Falklands. 😊

A lot of news to drop before then, like the license extensions and the sign off of Navitas and Eco to PL001.

LTT

Justathought, I agree, except on the part of the Aoka heading over to PL001. Navitas have an MOU on a 2nd FPSO to ADD a further 125k barrels per day to the 55k from the Aoka on Sea Lion. The only way they could do it, is if they have an even bigger FPSO that would do 200k per day, then that would release the Aoka to move over to PL001.

Maybe that is why it's just on a MOU, maybe they will drill PL001 sooner, see what's there and then decide to go with an even bigger FPSO for Sea Lion so the can move the Aoka across.🤔

It's all very exciting. The one thing that is for sure, is Navitas will surprise everyone with their speed and adaptability to every situation.

When will everyone else cotton on and take the share price higher. 😊

LTT

🤣😂🤣😂😂

gus0,

don't pull your punches just say it as it is!!!!!

We will have to see which way it goes, I hope you are right and I am wrong, I really do, but we have a chicken and egg situation occurring, we cannot get a partner until the acreage is secured for another 1 or 2 years, we cannot secure the acreage without cash.

FIG are pretty busy sorting out the infrastructure in the Falklands, hiring new folk, and signing off on the Navitas/JHI/Eco deal, which will no doubt include the license extensions. How can we jump the queue without the cash to be an ongoing concern for 2 years? I would imagine all the license extensions will be announced at the same time, for RKH, Navitas, Eco and Borders, which would mean we are heading for a raise. Or am I way off on that also, Borders have the cash for 2 years from December 2026? 🤔

But anyway, I will get my coat.

KR LTT

Seems nobody what’s to pay more than 14p until some firm news on the next step is forthcoming. If all we get from the AGM next week is, “We are in discussions with several interested parties and we need more cash to extend the licenses so we don’t have to take the first offer!” I think we will crash back down to 10p or lower.

Of course I don’t want that to happen, but I don’t think any deal will happen until later Q3 once Navitas and Eco secure PL001. Why would that affect anything I hear you ask……? Well I see it as a catalyst, Navitas will possibly bring in a bigger player with cash and take a 30% in the whole of Navitas/RKH/Eco’s acreage, said partner may want a piece of Borders also, or it will get someone else to finally show their hand. A bigger player with cash and industry experience will be the real key that unlocks the North and South basins I think. Well I hope actually. It’s going to be interesting next week at the AGM, hopefully someone will feed back what is said.

LTT

It seems likely with JHI getting signed off for Navitas and Eco next quarter. FIG will no doubt extend licences with a caveat that they need to drill an exploration well on the acreage within 3-5 years. Of course they will drill well before.

With Navitas signing a MOU with a 2nd much bigger FPSO, it seems likely they would drill PL001 sooner rather later. They will want to see what they have got in the acreage so they can engineer development into the mix whilst the drill development wells on Sea Lion. It makes a lot of sense, why wait until they finish Sea Lion drilling in June 2028 and then drill, when if they drill sooner they can start planning sooner.

Not sure about tying back to Sea Lion FPSO as the subsea kit has heated pipes to keep the waxy oil flowing and I’m not sure what distance they can do. But still there are lots of options particularly if a partner comes on board once the acreage is sown up.

Navitas/Eco have already mentioned a exploration well designed to clip multiple targets, if this happens prior to Sea Lion drilling or after the first 6 wells whilst the connect the FPSO in late 2027, it could be game on. Personally I’d like to see them drill prior, gives them more time to see what’s what plus it gives the drillers an easy straight down well to test all the kit before drilling more complex developers. All to look forward to and so much more.

LTT

Thanks for the heads up Slick,

Do you are anyone on here know why she was in dry dock in Ireland 🤔. I suppose it just makes good and practical sense to give her a good look over before heading all the was to Singapore under her own steam.

LTT

Why would I question a pie in the sky valuation when I hold the shares? I have my own targets and sell prices in mind, if someone says, "This will go to £5 a share!" I might just dream a little of what I would do IF it did, but I'd never buy thinking it will.

But you are saying the share I hold will crash down to below 60p, and I intrigued as to you reasoning, or are you just saying it for sport, just to get a reaction with no thought process behind it?

LTT

Divi-Collector,

can you explain your reasoning for RKH to go sub 60p please. I am DMOR and I see it staying around 70p until the next bit of news.

If it's going sub 60p then are you implying it might be worth selling and buying back in lower?

You just posted on the Borders BB;

"Cos it’s full of dishonest posters….imho"

Are you one of those or are you going to give your reasoning?

LTT

Overts,

I cannot see a scenario where RKH and Navitas go it alone. Navitas have to get another player onboard. Just look at recent events , in Feb they were saying oil was heading down, $50-$60 average for 2026, then we had the war, oil through the roof, now it’s “Crashing” as far as the media is concerned and yet it’s still holding in the $75-$80 range. A big change from the beginning of the year.

Can Navitas ride out such shocks and turmoil alone, I think not, a partner is in the wings, it’s not IF, it’s WHEN they will show their hand.

LTT

I have just been on to Barclays to sort out a proof of holding for me, it takes about 7 days to issue, some other brokers will be quicker or take longer, so if you are planning to attend, I would call today, or by the end of the week at the latest, could be a little bit packed this year.

Not that they will issue any ground braking news on the day, they never do, but if ever there was a time to attend and hear from the horses mouth what is happening and what the future holds, this could be a good chance.

LTT

Of course I'd love it to be Shell or BP, but why now? Nothing has changed politically, only infrastructure available on the islands to piggy back from, and lets face it, Shell and BP could have put that in place years ago if they had the will or the want. Plus BP and Shell have assets in Argentina, even if the current party is softening and rattling the sabre to go through the motions, they would put Shell and BP on the naughty list in a blink and possibly freeze there assets.

It could be Beacon and Navitas, Beacon ran the show on Shenandoah; deep water, super high pressure that nobody wanted to have a crack at, and yet Beacon delivered. Similar situation, deep water, highish pressure, everyone taking a look, but nobody wants to bite the bullet. I wouldn't mind being a partner to them as they are a can do kinda company.

LTT

Seems they are taking this up a little to get some shares from the sticky fingered.

The news video posted by Mogger shows things are moving at a pace down in the Falklands, so if there was an opportunity for Borders, this has to be it.

I am still not ruling out Navitas and a partner coming in, I had thought a take out but I’m now thinking a deal where we keep 25-35% in return for a drill and a well test. Bit like what Navitas have done with JHI. Maybe a bit of cash also to grease the wheels. Navitas do deals that are best for them, they are not going to buy us out for $200m or $300m+ it’s not in their remit. They will do a deal that will benefit them and us by default. Look at Eco, they were at 8p prior to Navitas getting involved!

Not ideal but it would rerate us in a blink to 20p+ maybe higher. Then it would be up to the large shareholders to hold onto the company or sell out later to avoid diluting to find our share of development.

Of course I would like it to be someone else, but alas Argentina still worries some and only the likes of the Israeli’s don’t give a monkeys as has been seen. Even with the foundations being put down in the Falklands and it’s been heading in that direction for a couple of years now, we still cannot get a bite!

Either way it’s interesting times ahead I hope 🤞

LTT

I have heard that said by quite a few folk on other boards, saying, “ All aboard, the trains about to leave!” Or “ Have you got your tickets?”, “ The train has left!”

However to hear Ian Ramsey say it adds a new and deeper meaning to it, particularly as he is driving the train! 🚂 If one person could say, “The train has left and it’s building up steam”, he would be the one to believe.

The causeway is to be finished in 3 or 4 months, the rest of the infrastructure to get up to speed will be ready by the end of the year/early next when the rig is due to arrive, and to top it all, the 2nd FPSO, if it’s a good fit, could be onsite in 2030!

What is there not to love about that. Rig should be mobbing down, from Oct/November and looks like it will be loaded on a carrier with tons of kit so it will hit the ground running, going from the picture in the presentation. Nice. 😊

LTT

Thanks Gus.

LTT

Does anyone know when and where it will be held? Has a time and space been announced yet?

Regards

LTT

I think it would be wise to get proof of shareholding. In previous years I have got in without although unable to vote, however on this occasion I would expect there to be a few more attendees and if space becomes an issue, they may stop those without proof of being a shareholder.

No saying they would, but better to be aware just in case, it’s not a huge venue.

LTT