Member Info for Mogger

James,

You complete fool.

You're the one that has told everyone, on a regular basis, how many shares you own.

If you need a reminder, here is a list of your posts over the years. And you've told us most recently that you haven't sold any.

18/8/20 - owned around 1.8m shares

4/9/20 owned around 2.5m shares

17/9/20 owned around 1.9m shares

6/1/20 owned around 1.9m shares or 2.3 if you read it differently

7/1/21 owns around 3.2m shares.

27/1/21 - "my 2.7 mil shares"

Today- "my 0.9 percent will be voting to eliminate him" - equates to 4.1m shares!

Check your history - its all there

If you tell the truth, you don't have to remember anything.

Mogger

All,

Just letting everyone know that I've placed 51 x 50k limit buys.

Mogger

Still nothing happening Godders!,

Press Statement

20 March 2024

MLAs and FIG undertake a prioritisation review

The Members of the Legislative Assembly recently held a prioritisation meeting with the Directors of FIG. Some of the conversation was dominated by the Oil Readiness work underway and the need for FIG to focus on this for the next six, maybe nine months. Inevitably, this will mean some other work taking a back seat for a while. This will not impact on frontline services but could affect some areas of policy or legislative development. MLAs want two areas prioritised in this way:

• Sea Lion Project – oil readiness

• Telecoms Development

In terms of priorities for the capital programme, Members reasserted that the Port and Power Station remain their foremost priorities but recognised that other capital works will continue, particularly in relation to the replacement of aging infrastructure

By undertaking this review government officers will be much more focused on support for these areas of work and projects, sometimes at the expense of other work.

***

ENDS

All,

Its been a long time since the Minerals Committee last sat. About 6 years in fact.

However, they decided to meet earlier this year and here are the minutes.

If Godders is correct, they wont be having another one this year.

https://assembly.fig.gov.fk/jdownloads/Committees/Mineral%20Resources/Mineral%20Resources%202024/Minerals%20Minutes%2022.01.2024.pdf

Mogger

Part 3 .

Plenty more for those that like to practice their Hebrew.

https://mayafiles.tase.co.il/rpdf/1577001-1578000/P1577866-00.pdf

Mogger

Part 2 - A concise description of operations actually performed for the period or of the planned work plan

2022 • Establishment of a project management team

• Examining development alternatives and engineering planning

• Examining alternatives to finance the project

2023 • Formulation and approval of a development plan

• Detailed engineering planning (FEED)

• Examining alternatives to finance the project

• Continue establishing a project management team and opening offices

in London.

2024 • Acceptance of FID decision

• Ordering equipment whose delivery time is long (Long Lead)

• Signing agreements for a long lease, upgrading, operation

and maintenance of the production and storage facility (FPSO)

• Entering into additional agreements, including with suppliers and providers

Services in connection with the drilling and subsea equipment suppliers

(subsea equipment)

• Subject to the FID decision, the start of development works

and construction of the oil property

80,212 123,403

• Conducting development and production drilling 52 2025

• Installation of the production platform and production facilities

• Signing sales and export agreements

2026 and onwards

• Continue carrying out development and production drilling

• Continue the installation of the production platform and production facilities

• Start of production from the oil property (2026)

Mogger

All,

Navitas has released their Annual Report.

Confirmation that:

"The operator (subsidiary company in the chain of the partnership),, an up-to-date development plan that has been submitted for approval to the government of the Falkland Islands, and which includes the drilling of 23 development wells in two stages - in stage I drilling of 11 wells and in phase B drilling of 12 additional wells (hereinafter: "The latest development plan").

The construction costs (Capex) of Phase A are estimated at approximately 1.2 billion dollars until the start of production

from the project. The current development plan is planned to be carried out in stages, thus allowing for a reduction

in the establishment costs until the start of production, which is expected to facilitate the process of obtaining financing for development

Phase A of the project and receiving a final investment decision (FID) during the year 2024

According to the latest development plan, the production from the development of phase one of the project is expected to be carried out ("FPSO") (Floating Production Storage and Offloading) - and facility production storage using a production capacity of up to 45,000 barrels of oil per day in phase A, and up to 55,000 barrels of oil per day

in phase B.

The partnership intends to act to develop the remaining resources in the oil asset, which are not included in the plan

The latest development, when the production within the framework of the following development stages can be carried out in combination

Additional FPSOs, which will allow increasing the scope of production to up to 200,000 barrels of oil per day.

The partnership works on several levels to promote the development of the project, including:

A. Formulating the financing plan for the project, which may include, among other things, financing through

Issuance of bonds, bank financing and financing of oil traders.

B. Obtaining regulatory approvals from the Falkland Islands government for the latest development plan.

third. Locating, negotiating and reaching agreements in connection with the ordering of essential equipment whose delivery time is long

(lead long) including the production and storage facility (FPSO) for the project and the supply of underwater equipment

and its installation.

More to follow

Mogger

Buffit,

I'm feeling charitable,

https://www-bizportal-co-il.translate.goog/capitalmarket/news/article/824233?_x_tr_sl=iw&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Mogger

All,

FID in their Monument discovery.

https://maya.tase.co.il/reports/details/1577178

Mogger

Alma,

If I was to put any limbs out there, I would suggest the Aoka Mizu!

Chess,

Again, you're not reading carefully enough. The FPSO is to be redeployed. Not refurbished.

Mogger

Pum,

I'm not aware but they must be much further down the project plan because of the following statement

"FIG oil readiness continuing regardless of Navitas delays.

Key priorities for FDP, EIS, FID are expected to be met."

They are all the next things to be announced.

Mogger

Shut up Godders

All,

An update on progress. All looking good

https://assembly.fig.gov.fk/executive-council/papers?task=download.send&id=4025&catid=620&m=0

Mogger

All,

https://questions-statements.parliament.uk/written-statements/detail/2024-02-22/hcws279

Mogger

All,

Increase in proven reserves at Shenandoah up 46%

Table 1 is very interesting regarding projected revenue

https://mayafiles.tase.co.il/rpdf/1576001-1577000/P1576562-00.pdf

Mogger

But you can see the names of the FPSO's before the pay wall kicks in

All,

Here is the bookies shortlist

https://www.upstreamonline.com/rigs-and-vessels/idle-fpsos-draw-strong-market-interest/2-1-1601785

Mogger

All,

Interesting speech by DC , but those short on time should listen from 7:10

https://youtu.be/cNIYKwjHKkk?si=-HRKiK7GZ-ys-vGr

Mogger

Pete,

Thanks for sharing. Great information rather than the drivel posted by others recently.

Moggy

TCM,

May I suggest you reread the article again. Carefully and without prejudice.

As Pre says, Tom is talking about support vessels, supporting the semi sub.

All the timings confirm first oil is still planned for 2026

Mogger