Member Info for Mirasol

"Just wondering how much value Sea Lion is currently contributing to Nav’s share price.."

Something but not a lot is my guess - compared to the fact that Shenandoah, which is a much bigger field AND in the US seems to be performing as forecast - that's a serious de-risking of future NAV cash flows to institutions.

No he's in love

When he stood right next to SS at Horse Hill he fell deeply, totally and irrevocably in love with SS.

Love conquers all............................................

"Not happening in 2025 is it?"

There are 38 days left in the year - more than 10% of the year to go. Not every country stops work from end Nov to early January like the UK. In the US you often only get Christmas Day and New Years Day and you work every other day.

Adrain - you are mad - do you think the Govt are going to give a single penny to UKOG?

We would need to see the paperwork - we have no idea what the gas purchase contracts say, no details of the Royalty contract, no details of the financing and hedging contracts and, of course, no guidance on operating costs etc. Generally speaking the devil is in the detail.

I think it's only fair to say "that they’re only capable of meeting current bills" is not quite right. THEY have elected only to pay the current bills and not their major financier. I would imagine that they are generating significantly more than this BUT not enough to pay the Trafigura payments in full. And we know that as far as financiers are concerned a miss is as good as a mile - £1 short and you are still in default.

An interesting question is why Trafigura don't seem to be accepting at least partial payment. That wouldn't change their grip on ANGS at all - there's still an ongoing default. Presumably by unnecessarily building up a vast amount of debt owing, it will ease some financial sleight of hand when they do take the company over.

Victorocto doesn't look like Tymers to me - if you look at his posts on other stock it seems alcohol fueled abuse is his main activity

12-Nov-25 0.1496 m.cum per day

13-Nov-25 0.1483

14-Nov-25 0.1584

15-Nov-25 0.1460

16-Nov-25 0.1558

17-Nov-25 0.1231

18-Nov-25 0.1595

19-Nov-25 0.1634

20-Nov-25 0.1606

21-Nov-25 0.1587

22-Nov-25 0.1527

30 day running average 0.1472 m.cum per day

Overall they seem to producing at rates last seen a year ago.

An interesting side comment is that they continue to pay "trade creditors" on time - i.e their suppliers (and no doubt the tax man as well) whilst NOT paying their major financial owners.

Trafigura clearly are willing to accept the cost of keeping the lights on and avoiding some small supplier putting ANGS into liquidation. Which clearly means they expect to get their pound of flesh in the future. The debt continues to ramp up - I'm just interested in what financial sleigh of hand will be used to capture the assets and stiff the PI's.

Onetomany Posts: 567 Price: 0.245 No Opinion Optimistic 22 Jun 2025 21:15

I’ve been in dialogue with ANGS management recently and I remain optimistic. I expect an update next week on funding and acquisition and results also due

Apology accepted Happy sometimes talks sense but in this case is clearly a bit sore - possibly sold out too soon I suspect

"We don't know if SS will stop at a total raise of £5m"

If only !! he'll keep diluting as long as they can find people to buy the stock - they have no choice. No income, no major investors, no future - but a lifestyle to support and a load of serious obligations still to fund.

"I cant figure out what ocelot angle is, but I think be should be investigated and possibly put in jail…"

Paid by the Company or one of their creatures. Possibly related to the Nomad (which could be a bit dicey for everyone) but more likely to whoever is doing their PR. Very very careful about EXACTLY what they say = a proper professional.

She/he's never denied it

Also she/he has never stated, AFAIK, that they've ever owned any shares in the companies they puff - so not stupid either

Only goes off the rails occasionally when The Intern is left in charge with the same log-in details

That's revenue - you have to take off tax, OPEX, and whatever they pay themselves and Reach

"Loan terms should improve "

Ah yes - when you borrow money from someone and then you don't pay them ANY of the agreed repayments for over 9 months they lend you more on better terms............. what can anyone say to such financial illiteracy?

Thanks Raplh

Tell me - how am I "subtly deramping" when all my posts say that FID is nailed on, that Navitas know what they're doing and that the future is very bright for the FI?

Perhaps you have to need a lot cash by the end of the month? Your local dealer banging on the front door?

"Thank you for sharing the data. Could you clarify what this translates into in terms of monthly revenue?"

The data is from the State Agency - rather like NSTA numbers for the UK. They don't know and couldn't give the income even if they did. You'll have to wait for the company to update us...... since they won't even publish the numbers and force people to search obscure web pages in Oklahoma just to get the numbers for production, you can guess how keen they are to tell us about the actual income.

If it was good, or could even be spun to look not bad, they'd be screaming it on X, FB, Malky etc etc

And they aren't.

"As a "strategically advantageous minority, non-operated interest" it seems a much watered down proposition."

Sounds like UJO's ill -fated excursion into the US Onshore but just more expensive.

"FIG is not going to block FID…. "

I agree - but they don't want any hint that the election is "bought" by announcing FIFD when all Navitas have to do is wait 3 weeks.

"Cheshire Parish Council was that stupid woman acting above way above her station, "

Ah yes - keep people in their "rightful" place eh?

Ralph - a majority are in favour. But there is a minority which is not . I find it hard to understand but it's true

See https://fitv.co.fk/news-and-events/falklands-conservation-comment-on-oil-development-in-the-islands/

https://www.youtube.com/watch?v=l1yTC23Q-aE

"Aug 10, 2025

The social, economic and environmental impacts of the proposed Sealion Oil Project have been detailed in a published report by Hatch. The report lists positive, neutral and negative impacts that the Falklands could see if the project goes ahead. Concerns around housing, oil spills, & pressure on utilities were raised at the latest public meeting,....................."