Member Info for longtermthinker

Well the Noble Endeavor looks a beast of a rig! I wonder if it will be mobbed down from the start of December or head down prior? I suppose my money would be on it heading down there to start in December so it's drilling from the start of Summer, so mob would happen maybe October? If you think a producer will take 50 days to drill and complete, it works to Navitas' plan of first oil Q1 2028. Fingers crossed.

Anyone know if it will be towed or sailed down their as per the Shenandoah FPS, it's all moving along nicely, next news should be a firm date for the Aoka Mizu upping anchor and heading off for refit.

LTT

Thanks Thenorseman,

Another box ticked. It will no doubt be setting sail around October maybe? 🤔

😊

LTT

Probably getting ahead of myself with the HUGE discovery! From Gideons presentation he said there was a lot of gas and RKH's reclassification of Shells old well as a "significant gas discovery" I am maybe adding 1+1 and getting 3. As Johnson clearly goes into PL001, it could be one of the reasons Gideon has taken an interest, tying up the acreage to then get a partner in with cash. On the JHI website they have a nice map showing the extent of Johnson along with a multitude of other prospects.

It's all very interesting though, just wish RKH could have been part of the deal for PL001. Sam seems to have let that slip through his fingers, or maybe he just doesn't want the distraction, as any discovery will need appraisals and is 5+ years away to production, if they are lucky. Sam is probably planning to have sold the company and sitting on a beach with Mrs Moody in St Lucia long before any production has started on anything in PL001.

LTT

I have to agree with Paul, someone will come in for 20/25% of Navitas now they have PL001, a bigger player gets a big piece of a much bigger pie with upside and a HUGE gas discovery that may come into it's own in the future. This in turn will have a great knock on effect for RKH and it will add to weight to any buyout that comes further down the line.

Hopefully we can get to first oil before then and maybe the partner might come in and do a appraisal on Isobel so they can plan the next Sea Lion. One can but dream!

LTT

Barclays also, haven't had chance to call them, but it's still showing 0 for my allocation and 0 for my Excess application. I am sure they will hit my account at some point, not that I was wanting to trade them or anything, just wanted to get the funds from the excess, as with seems I would get 95% of the money back so I can stick it elsewhere.

LTT

Cheers Paul, I must have missed it. Still it would be good to know when exactly the countdown started as there is a big difference between a Q2 beginning of April and a Q2 end of June. That is great news either way, as I think Sercia originally said it would be 2H of 2026. It’s good to be ahead of schedule. 😊👍

LTT

Interesting that there is no RNS or mention on the Serica BB 🤔

LTT

Thanks Thenorseman,

I cannot read the article due to the paywall, but suffice to say, the 3month/90 day contracted countdown has been initiated or is about to be, hence so April will possibly be the month the Aoka starts it tow to refit, which fits in with someone whom said May was the time. Maybe May was the date it was due to arrive in dry dock, as I presume it would have to be booked in ahead of time 🤔

All good though, things are moving at a pace, all we need now is more broker upgrades.

LTT

To be released in Q2

https://www.upstreamonline.com/rigs-and-vessels/fpso-departure-date-confirmed-for-uk-oilfield/2-1-1932236?utm_campaign=2026-01-22T08%3A42%3A00.690Z&utm_content=%5Bnews%2C+western_europe%2C+production%2C+rigs_and_vessels%2C+fpso%2C+FPSO%2C+fPSO%2C+serica_energy%2C+r_searancke%2C+europe%2C+united_kingdom%2C+field_development%5D&utm_medium=email&utm_source=alert&utm_term=%5BTOPIC%2C+AUTHOR%5D

LTT

Barclays still nothing 😢

Well Sam put his hand in his pocket which is good, but maybe he didn't oversubscribe as he didn't want to take shares away from other PI's. It must be a tough call for him, if he didn't take part he'd be damned for not investing in the company, if his take us his full allocation and then oversubscribes , he is damned for taking shares away from PI's!!!!! He cannot win.

Hopefully, now that the dust is settling on the OO, the brokers will start to re-rate and RKH will start singing from the rooftops, as it seems to have been awfully quiet on the news front. 🤔 Or maybe I've missed it, drowned out by the nose of Trump's antics!

LTT

Will they FLOOD the market tomorrow, erm...... I think not, but then who knows, Trump might invade Cuba or Colombia. He has gone all quite on Iran, so whats next, apart from Greenland?

I think anyone who planned to sell would have done at 70p+, why would anyone sell now at 68p, unless they had to; needed to free up some cash or just want to be out of the market at these troubling times. I'm not sure how true it is, but I read somewhere that if someone wanted to hurt the US without going to war, all they had to do is start selling US Bonds, apparently China, Canada and Europe hold loads of US debt.

LTT

Hi Rich,

Yes, he talked about the large amount of Gas in an Investors presentation last year, so he has his eyes on it that's for sure. The costs of a floating re-gasification vessel (at least I think that's what it's called) was not viable 10 years ago, but as costs come down and gas prices increase and it is the load fuel of choice, maybe the numbers start to work.

Plus, never say never, although FIG has said no footprint in the islands, a small gas plant, would bring the benefits of employment, the slightly greener credentials of gas would be a plus, the option for the islanders getting free gas piped into their homes in the future, cannot be overlooked.

Of course, it's still early days, but we are heading to first oil and that cannot be overlooked.

LTT

That's good news, they said they would do it and they have, another box ticked.

Sorry, I haven't had time to read through all the document. So they are tiding up their debt and cancelling out series 3 and 5 Bonds. Has anyone had chance to add up what they are canceling and how much cash they will have left in their war chest for other things?

I am wondering if they might bring a rig down early to drill on Argos's old acreage to secure the Licence with FID for the longer term. It's been sat dormant for a decade or more, it's about time it got drilled, maybe an appraisal on something near the border with RKH and the Johnson Gas prospect that covers a huge amount of RKH/Navitas' acreage and PL001. 🤔

Also, they will need some spare cash for Eco if they plan to drill in Guyana. A Partner will surely come soon into the enlarged acreage Navitas holds in the Falklands, 20% of shared acreage and PL001 would still leave Navitas with 45%, but with shared costs and more cash to use elsewhere. It just makes too much sense no to happen. Sooner rather than later if you ask me.

LTT

Thanks for the tip Supra, unfortunately I haven't got any spare funds at the moment, good call though, up 18% today!

As for RKH, I wonder what the next catalyst will me. 🤔

LTT

Well if Trump bring a bit of uncertainty I might just get a chance to use the funds I set aside for extras , to get some below 70p!

Anyone know when we get the unused funds released into our trading accounts? I suppose different brokers will have different timelines.

LTT

Have to say I’m surprised at this weakness. Navitas have hit the ground running on infrastructure with the support of FIG, everything is forging ahead. FID/Financial Close has gone through so the money is sorted to first oil on Sea Lion come what may, so why the fall here? 🤔

We should be above 10p now with the prospect of a partner being more likely with boots on the ground in the Falklands. By 2027 the rig be heading down if not already there and the infrastructure and heliport with be in place to support everything. If there ever was a time to sort a deal, now would be it!

Perplexing!

LTT

Rookie,

I wouldn’t think he’s has thought anything through, he thinks it and says it and the sycophants scramble around spinning what he’s said! He cannot possibly be of sound mind! Trump I’d like a mafia boss, “Pay me or someone is going to trash this place, that someone bring me if you don’t pay!”

Well, at least he is bringing Europe together!

LTT

But couldn’t the do RBL to fun phase 2 🤔

LTT

Decolady,

To be honest, I don't think anyone can, or should for that matter give you financial advice on a faceless BB. You have to either ask your broker or just decide for yourself, in fact a dart throwing monkey will out perform 90% of most financial advisors/money managers over the longer term! LOL

I think what you have to do is look at how much the OO was oversubscribed and think where that money left over will most likely go; think about all the folk whom have oversubscribed, and will they be selling their 53p share next week to bank some profit, thus have even more cash on the sidelines. It may all plough back into RKH, bit in these crazy times it might head into blue chips or stay in cash for a while.

You also need to think about your personal circumstances, what percentage of you portfolio is in high risk stocks, how much is in blue chips that pay a dividend, how much cash you have set aside for a rainy day, and over course, your age, someone in their 30's has a different timeline to someone in their late 50's.

This is why nobody can advise you, it would be a stab in the dark from anyone.

LTT