Member Info for Nastynick

With Beacon on board Isobel FID could be as soon as end of 3026/early 2027….just dreaming

GLA

What about Beacon coming in as JV with their technical know how? They have partnered with Navitas on Shenandoah successfully. They must have nice revenues coming in. They could take a small stake and add their expertise to open up basin?

GLA

Ovets 100% agree. This is why I was banging on that they will appraise Isobel sooner, makes sense if they want to attract more interest and open it all up. Quicker return for all and no one is getting any younger.

GLA

Ovets - now wouldn’t that be fun if a new JV to open up the NFB……getting excited, better than Christmas

GLA

I agree next news will be FID I challenged ChatGPT and it agreed Navitas can issue one news release within next few weeks

GLA

If Navitas and its lenders had already aligned on all principal terms,

and only awaited the audited 2024 financials as a formal diligence condition:

Then yes — today’s presentation very likely clears the last major hurdle to FID.

Within the next few weeks, you should watch for:

• Confirmation of lender credit approval or mandate to proceed;

• A joint RNS / press release from Navitas & Rockhopper confirming debt readiness or “FID imminent.”

And today Navitas presented their 2024 financials at the AGM

Join the dots….game on

GLA here comes the sun…..from the east lol

The choice of PM is truly amazing in that uneducated swamp of the communist Labour Party. Yvette Cooper is ambitious enough to take it but is more in the Starmer camp of changing mind to appease her Muslim electorate or pay masters at a whim. Talks the talk but wing deliver. The rest are even worse - roll on the next election or the king dismisses parliament.

GLA

To be fair to Ladigue, most of the deals between companies and bankers are done behind doors and not in AGM/EGMs. Once the deal is done then Navitas are obliged to announce it within hours/days.

We must be pretty close now.

GLA

Hopefully the 75p seller has had his last trading day today. if the 30th October is the date for the meeting at which Navitas secures the senior debt then I might expect tomorrow’s trading to start reflecting that.

GLA

75p seller still applying the brakes again, once he is done it’s going to rebound.

GLA

Apparently it’s because they processing more fish and squid……..riiiiiiiiiigggghhhhhttttt.

GLA

What if Milei decided to work with the FI on their oil province and benefited in some way to expedite oil production so a win win scenario. Surely this would be great for all? Imagine .

GLA

I think we got to 92p as there was no resistance as it could be seen FID was pretty much nailed on going into the last Navitas meeting, then what I call the “75p seller” stepped in and started off loading for whatever reasons and we have been stuck at 75p ish ever since. Once the brakes are off I do expect a peak above £1, where it will settle after that we will see. Ultimately we are worth £2 on first phase alone so the true value will be recognised at some later stage nearer first oil. Unless we get bought and then all bets are off.

GLA

The irony of all this climate change green stuff (even if you believe it). Is that China is opening up multiple coal mines to produce electricity for EV vehicles as they have to import oil. So they open up coal mines which are many times more polluting than oil to create “green energy”….you simply couldn’t make the nonsense up. So if you follow the money China benefits the most from green energy as they have most of worlds rare earth minerals and are also by far and away the biggest polluters. The communist Labour party is fully signed up to China policy including social credit scoring and freedom of speech restrictions as well as net zero insanity. Would love to see the money flow from China to UK politicians ?

GLA

Happy AKA Garbled and his other alter egos. Please give it a rest, we know your position on this share.

GLA

There is no way that FID is priced in to the current sp. We are discounted about 70% of true value right now. So we should be around 220p. After FID expect us to be discounted around 50%, so £1:10. Then as we make progress to first oil we will get to £2:20. This is just the first phase by the way.

GLA

The 75p seller has offloaded tens of millions, the good news is someone is buying and share price staying firm at 75p.

Can’t believe we are almost end of October!

Roll on fortnight ;)

GLA

It kinda fits the JPDM elastic band theory. Once we are not being held back, we going to have quite the rocket ship.

GLA

Must be an institution. Off loading at 75p to buy shares back at 53p. They have been on this for months and probably did a big sell off earlier in week (that 19M trade). I think we are therefore stuck at 75p as they raise their head every time we get over it until the news or imminent news. I’m hoping next week or first week in November to break out of this cycle.

GLA

With the Argentina elections out of the way this weekend and the Navitas meeting set for 30 October, this could be the last week in the 70s.

GLA and hold on to your panties