Member Info for Mogger

All,

FEED Complete

https://www.icedesign.info/ice-completes-feed-contract-for-bluewater/

Mogger

All,

Last one from me today ( I think!)

"This paper will (1) provide an update on the progress of developing the detailed policy for financial requirements for offshore

decommissioning and (2) seek an ExCo decision on the proposed financial arrangements for decommissioning of phase 1 and 2 of the Northern Development Area of the Sea Lion field."

https://assembly.gov.fk/jdownloads/Executive%20Council/Executive%20Council%20Forward%20Plans/2025%20Forward%20Plans/07%20EXCO%20Forward%20Plan%20July%202025.pdf

Mogger

All,

Revocation of a Suspension Notice modification for Offshore OpenDoor Licensing.

Not a process that I was aware of but looks like FIG is tying up loose ends

https://assembly.gov.fk/jdownloads/Executive%20Council/Executive%20Council%20Papers/2025/07%2019%20JUNE%202025/130-25P.pdf

Mogger

All,

Information on the Field Development and Production Consent guidelines

https://assembly.gov.fk/jdownloads/Executive%20Council/Executive%20Council%20Papers/2025/07%2019%20JUNE%202025/54-25P.pdf

Mogger

All,

Some information on the Offsetting policy for the offshore hydrocarbons industry

https://assembly.gov.fk/jdownloads/Executive%20Council/Executive%20Council%20Papers/2025/07%2019%20JUNE%202025/52-25P.pdf

Mogger

All,

Just a little bit of information released today

https://www.danos.com/news/danos-awarded-production-services-contract-for-new-deepwater-facility/

Mogger

All,

Great to meet those that attended the AGM and the pub afterwards!

Very briefly my observations of the day

Finance is taking longer than first anticipated. This is not because they are finding it difficult to secure, but quite the opposite.

Navitas started with looking at vendor finance but found it too expensive. They then investigated the bond market but found that there were institutions that were willing to provide a good old fashioned loan. This is by far the cheapest option for the project but the bank requires additional time for the due diligence. Hence it is taking longer.

Navitas is "laser focused" on getting Sea Lion to first oil. There is absolutely no chance of a rig share with BOR. SAM attributed zero value to the southern licenses until the North is an established oil development field. BOR board reckon their licence is worth hundreds of millions. Who do you believe?

And finally, I didn't hear one question with negativity towards the project or the BOD. This was during the open session and the meet and greet afterwards.

Therefore not one of the negative posters took their opportunity to address their concerns directly on the day. It would have been the perfect opportunity. You have to ask yourself why couldn't they be bothered to turn up?

Mogger

Buzz,

Earlier in the week you wrote

"Been here for years. Finally sold all my shares."

Why,then, is FID finance still an issue for you?

Mogger

All,

A couple of new companies have been incorporated in the last six weeks.

https://find-and-update.company-information.service.gov.uk/company/16508563

https://find-and-update.company-information.service.gov.uk/company/16440968

Mogger

Up 5%

You wouldn't want to be out in time for the weekend?!

Mogger

Buzz,

No need to fish. Where have all your other 16th November friends gone??

Are you the Blackpool supporter or the Birmingham City one?

Mogger

Tincan,

How do you know anyone has bought them? They have just been issued by the company and have received the monies from Sp Angel. These are new shares issued by the company

Mogger

Gus,

No they don't. They have exercised them all now

https://www.lse.co.uk/rns/BOR/exercise-of-warrants-total-voting-rights-l2wuzqtz5c22y2t.html

https://www.lse.co.uk/rns/BOR/exercise-of-warrants-nky6l3wavghoers.html

https://www.lse.co.uk/rns/BOR/exercise-of-warrants-1l8y7rvov3xghfu.html

Mogger

But Chess, you are offering your opinion as "proof" Which we all know is complete rubbish. As usual

Mogger

All,

Navitas flying again this morning.

"Shenandoah

The Shenandoah field, which will produce from an FPU of the same name, is scheduled to start production in June 2025 with an initial capacity of 120,000 b/d, which will be expanded to 140,000 b/d in early 2026. The Shenandoah Phase 1 development will use new technologies to produce from a deepwater high-pressure field."

https://www.eia.gov/todayinenergy/detail.php?id=65444

Mogger

All,

From the Legislative Assembly Meeting in March.

"Director Mineral Resources (DMR) is currently reviewing the latest version of the Field Development Plan and the revised Environmental Impact Statement for the Sea Lion Northern Development Area, as well as several other supporting documents such as the insurance plan. DMR is awaiting revised versions of several others that it has reviewed and commented on."

Obviously this meeting was before Alison sold some shares. Had the FIG known this they would have stopped work immediately and gone on a long holiday.

https://assembly.gov.fk/jdownloads/Assembly%20Records%20and%20Order%20Papers/Legislative%20Assembly%20Records/2025/03.%20Legislative%20Assembly%2027%20March%202025.pdf

Mogger

All,

"The Corporation tax team continue to be heavily focussed on oil readiness work to ensure that a robust regime will be in place to protect the interests of the Falklands from a taxation perspective. "

"The Government Legal and Legislative teams continue to support other teams across government, as well as supporting a range of key corporate projects, including key projects on communications, which could have a transformative impact on the Falkland Islands. Members of the team are also working in support of the Sea Lion project and wider “oil readiness” projects, including preparing new legislation"

https://assembly.gov.fk/jdownloads/Assembly%20Records%20and%20Order%20Papers/Legislative%20Assembly%20Records/2025/02.%20Legislative%20Assembly%2027%20February%202025.pdf

Mogger

If that is all true, why did you delete all your posts again? Trying to hide all the rubbish you were spouting?

How long before this account disappears?

Oh and all your buys have changed. Do you ever tell the truth?

Mogger

Chess,

On the basis that you've been wrong for the whole time you've been posting on the RKH board, I reckon it's you that's wrong.

How long before you delete this account?

Mogger

Sam,

I'm not sure it took 2 weeks. I'm expecting a RNS today or tomorrow.

Mogger