Member Info for Marunam2

CHESSMASTER : LTT, by sideshow at this stage, I mean take how much money they have spent on Shenandoah and then look at the few million spent on SL, so until Funding is secured SL is, for Navitas, a minor sideshow, after funding it will then be the next big thing, until then, it's pie in the sky.PMO spent a million times more than Navitas on SL and had 10 times more people working on it and it went nowhere so until Funding is secured its a both a minor side show for Nav & pie in the sky for Rocky shareholders.

On the plus side, we have a 95% chance of getting OM in the near future so we should have around £70mln in cash and around a £100mln mkt cp so it's a no brainer for Nav to take us out for £150/200mln and give our share to a partner ( Delek) who can then fund their share and reduce the amount & risk Navitas have to take thus making funding much easier.

I would be amazed if Navitas have not already mused over this no brainer and are only waiting for the OM result before offering an all share deal with positions for Sam/Simon if they so wish.

Apparently Chessmaster has been in the game a long time and he comes up with this.

Changed your tune from "funding is the issue because RKH director said so "

Remember saying this Chessmaster ??

Marunam....So you are saying that without any knowledge on the funding situation that the Rockhopper Director took it on himself to state that "Funding is the biggest Impediment to FID", without any knowledge of whether Navitas had secured funding or not ?

That is Preposterous.....If the Rockhopper Director had no knowledge of the funding situation then he would have said nothing and not made that dramatic, negative statement that stunned me,being only a few months before FID.

What's changed ? , you called EIS a "formality", now you are saying "Bluewater is indirect proof that Navitas can secure the necessary funding so it's a big positive for me !",

Nothing's changed, MOU's signing's are a "formality " are they not ???

All Loaded up I suspect , lol

What's with the formality shi**.

Sealion like any project is full of aims and targets, they are ticking them off one by one , they are not a formality , nothing is guaranteed till they are ratified. One step leads to the next, EG, FPSO identified and very likely agreement reached with vendor subject to sanction.

LOL, the NO FID weave has left the building and NO Funding has entered front and left.

All the while adding millions to their holding.

Great finds Paul and Don'.

Gideon Tadmor - June 2024

Why are you running for more projects?

"Because in the end a company like Navits is built from an aggregation of projects. This is exactly what I did in Israel. There was the Tetis Sea, they asked why are you going to Tamar? If we didn't go to Tamar where would we be? After that why are we going to Leviathan? To take advantage of our relative advantage, to think outside the box Which in our case is a cliché. Around the world we are looked at as a kind of magic, what is important is the repetition, the ability to do it time after time and the timing of the projects, not To be exposed too much in project investments until it matures is a project we did in the investment."

To me his mentality augurs well for Sealion, not the type that looks to wait for Shenandoah to push on in other assets they have in their portfolio.

I'm sanguine about fid timing in next 6 weeks, first let FIG pass the EIS and FDP.

People banging on about 6 weeks to go to the "deadline" ,making it sound like it will be the end of the project.

If it goes to 11p I will be adding, though an rns dropping about OM will be a game changer for RKH, funding for Sealion as good as done as Sam said.

New is due on many fronts, keep 'em peeled .

TCM ,

If a RKH director is not told or does not know , why would a guy wring an article know .

If upstream were cleverer then a rkh director , why have they not broken which FPSO is going to be used, name which subsea contractor is being talked to , which air services company is going to service the project etc.

You are being Obtuse ( no offence lol ), watched Shawshank last night and the word stuck.

Not here to change anyone's mind , food for thought is the intention .

TCM,

It was not a "dramatic "statement , how can it be ? . RKH directors and CEO have no say in how finance is raised. Hence he is NOT in the know till Navitas tell him and us .

Why on earth would they announce funding has been sorted ?,

They are following their process, conclude LOI's with long lead items, FPSO, Island facilities, Air transport etc

EIS and FDP well along the path according to RKH.

Said it before, RKH are not the operator , hence they will be kept in the dark re finance till NPT are ready to announce.

Alma and Paul have given you a feel about their ability to raise money. A money churning asset is coming online in H2 2025 for them , share price all time highs and they accomplish what they set out to do.

Poster holding their feet to the fire if the miss the end of the FID prediction, same as people loading up more and telling obvious lies.

IF OM hits soon , watch him talk it up as he unloads.

As far as I know , FIG has previously outsourced EIS, FDP etc to UK industry bodies and UK companies to make sure the fine print meets UK standard and legal processes. So they have been at this for a good while. RKH stated that in the Half year report (29/9) that : Meanwhile, Navitas continues to progress our core asset, Sea Lion, having not only completed the EIS public consultation period but also developed the field development plan to a highly advanced stage.

I have no doubt the money is there .As for a partner to share cost burden and finance, again if required that partner was lined up some time ago , too late imo to bring someone in right NOW the due diligence would take some time .

OM award dropping soon would be a game changer if it is positive and whole.

Don't waste your breath on him Pauldrayton, he is the now trying to justify having more shares than Sam Moody , whilst

de ramping the share on NO news for weeks.

Sadly many more like him to come here or it won't matter if they do if FID is announced.

You Do know a lot Aim about all this,lol !!

Navitas are now the 3rd largest oil and gas related company in Israel by M/C. The other 2 top ones are Delek related.

Thank you Mogger for this find .

$100m raised

Https://www.linkedin.com/in/tom-campbell-6877b81a/

Logistics manager , 1yr 5m with Navitas .

Areas of Interest:

- Offshore Support Vessels

- Helicopters & Fixed Wings

- Shorebase / Supply base

- Inventory optimisation and management

Https://www.linkedin.com/in/mat-linton-a3035713/

Production Superintendent for Navitas Petroleum

He also gets a shoutout :

https://www.linkedin.com/in/mat-linton-a3035713/ , his company deals with :

"Flexifloat modular barges are used for inland marine construction projects around the globe, including the Falkland Islands."

Looks like they know each other as they were there at the same time .

Good to see so many "finds" , show's how complex the project is and how many people are involved.

We would be at ICSID in a flash if UK interfered . Appropriation for a start.

Wind power will require money, where will it come from ??, how long will take to get that going. Most likely if they started wind power windmills at the same time as Sealion, I would bet Sealion comes in way before the windmills are even put up.

FIG - Need long term revenue generation to survive and prosper independently and not be under any threat from the whims of UK political parties.

This is the choice they have to make imo, to secure a future for generations of their people.

This whole project is relying on Navitas as everyone else is on board and FIG will be officially soon.

Navitas progress so far - , EIS, FDP, FIG engagement with some financial aid to accelerate and support timelines , procuring long lead items chain, FPSO considerations, RKH fid cost element ( OM award could land anytime).

Funding - I have NO doubt this is not going to be a problem. Not all of it is required upfront anyway, FID and sanction will require a certain amount as contracts are signed and it should be at least a YEAR before long lead items will need paying for on a requirement basis and only when the FPSO starts moing to FI.

FPSO , again a contract will be signed but will incur charges when it is ready to move.

By this time Shenandoah will be online and significant revenues will be rolling in to Navitas's coffers.

At some point a partner will enter the partnership and again their entry cost will provide money upfront to kick start the process. Any partner if required is lined up imo, Navitas have shown with Shanandoah, they take no chance with finance issues at the last minute. The Sealion team along with the main Navitas Management are not going to spend millions pre FID without lining up the money first .

RKH directors have correctly been saying finance is the key, well stating the bleeding obvious is part of the plan . IF they are told the money is not yet ready , they can't be accused of lying can they ?

The quieter the project is the more that can be achieved without the political ( UK and Argentina ) and Environmental lot getting their issues going in the Media.

Once FIG agrees then thing will move quickly in the background as it should be .

The current sp is a steal as the big boys take some of their profit ,I'm looking for them to suppress the sp for a while after news as well as they get rid of tired and fatigued shareholders.

GLA.

Aim,

You must be tight with RAB, also with your thinking nothing is happening you must have sold as well, good thinking !!

I suppose delusional is buying millions of shares , supposedly way above todays sp and getting caught adding more.

Profiting from alleged fear - is having millions of shares, selling and buying to bring down average or profiting from small swings ( can amount a decent sum for people with over a million shares )by constant fudding and disappearing when sp rises.

No one is your friend here !!!

There will be worse shenanigans coming to loosen hands, de risk a little if you are stretched , or add if you have conviction.

GLA

As I'm having Been trading crypto for nearly 2 years now.

Not everyone's cup of tea I know.

One thing I love is that a buy is a buy and a sell is a sell, no Rollovers, no late reported trades and all the other crap that MM's pull or II's. What someone is holding is transparent and when they sell or buy it's the same.

The stock market is really in need of these regulations to protect the retail investor, won't happen because the II's buy off the politicians and FCA is as good as the arm of the investment and banking community.

GLA