Member Info for Neilius

Thanks Mogger,

Amazing the things you find, it’s much appreciated. Eleven new regulatory staff though, eleven…that’s a football team of more people, the size of this project, or reflecting on the press statement, these projects, are brought into scale with that. If they go full on for both north and southern basins…I’ll not get carried away and mention Guyana…but for an island with a small population (Guyana 840k, Falklands 3,500) this is enormous. 0.3 % of the population has been hired for the regulatory dept..!

I note Navitas down by ~10% since the second FPSO announcement, I guess both shares are deflating due to lack of information as to what the actual plan is, and, a presumption that an equity raise is coming toward us.

I’ve a query, a big FPSO, I presume a second, in parallel (?) drilling for production and completion campaign…would we need any seismic or exploration drilling in advance of this, or are these proven and well understood reservoirs? What cost we looking at? I think they said they are buying a FPSO…?

Sorry to ask, I’m time limited at the moment and really not keeping up.

Hi

Maybe mentioned by others (I can’t be bothered to scroll through the myriad of non-RKH stuff on this forum) but AIS is saying the Aoka Mizu is underway to Belfast with an ETD of the 5th of June. Last update two days ago and it had a transit speed of 0.1 knots so not actually underway at that point.

Anyway, as others have said, things are beginning to happen.

Having the extra cash contingency from the last equity raise available means this sort of thing is a positive update rather than a nightmare of RKH trying to find more money, no doubt there will be other bumps in the way but this one has been absorbed.

I’d imagine this second FPSO will come at a further upfront cost through?

The tail of the SoH will be long, Rob Armstrong at the FT was saying traders at the FT conference last week were saying that even if everything went back to normal today, they expect the effects of this to last until 2030. Maybe not the 100 USD/bbl but the mess of supply chain effects and the effect of an additional risk factor added to government calculations as to putting their eggs in one basket as regards Middle East sourced hydrocarbons (or anything else).

Hi @Ovets et al,

Anyone notice any articles being published this weekend?

Either way, it’s going to be an interesting week…

I’m taking it as a strong positive indicator that RKH’s SP has not tanked on the day some positive news is released.

Just watching the share price heading towards near breakeven for the day and noticing that the rise over the last few days has been achieved with a fairly low volume of share sales. Bodes well for whenever the next drop of, hopefully positive, significant news happens.

“Drop back to $70 and load up then…”

We can all speculate but, even if the war stopped today, I don’t see the oil price coming down any time soon and Sea lion will be well on its way by the time that it could.

As with others I’ll stay away from any predictions, I certainly didn’t think that post FID, post all financial shenanigans being sorted out, we’d be at 70p but here we are.

This period does remind me of when we were moving between 13-15p for a couple of years and then, for, as far as I can recall, no obvious reason, the price rose to 70p+.

I’ve read all the predictions of share pricing in the medium and longer term, had a bit of a closer look myself, and no-one has a prediction of the price going south of where we are now (it would take a proper black swan to do that to us now I’d reckon).

Volume has been low, my presumption is that at some point the wind will catch our sails again, but to sell and then to be out and miss that day?

Not for me.

We’ve a had a decent week but unless it goes above 75p, or so, we are just going sideways. Seems to be a fair bit of news around and things happening, or going to happen, hopefully that will slowly start to lift the price.

What’s going on with the Navitas share price? -16 %…

The only logic for the falling price is that folks are selling quickly (obvs).

But why?

My thought is that folks have built up a large stake and are selling to trigger stop losses and spook PIs into selling and once it snowballs they can then buy up cheap.

Any other rational, then I’m all ears.

Well, I’ll be sleeping well tonight,it’s been a wee bit of a worry this but we have finally crossed the line.

I said on Monday that we’d be over a £1 this week, I think the odds have shortened on that prediction now..

Well done everyone, high fives all round.

Oh, and thanks Sam…thank you very much…!

@Santos1

Milk bottle tops all round if we hit £1 I reckon..! Gold ones with smiley faces drawn on them!!!

Here’s a prediction, based on nothing other than hope really,…we will hit £1 this week..!!

December the 5th already, not long until the “most likely” week for FID is upon us (15th -19th).

It’s not so much the money, the amount the share price rises (though obviously a good thing) but the reduction in risk of RKH somehow managing to snatch defeat from the jaws of victory. Be good to get into the next leg of events, and, if nothing else, do folks can think/discuss something else..!

The comments may have softened slightly but FID is a huge deal for us and a bigger deal for them so I guess that all company and government personnel are now being very very careful on what they say.

The current price being so low is amazing to me but it seems the project will have to actually cross the FID threshold before moving. I’ve said it before but we are also in our own bubble watching this, quite strange in a way, the media have stories about, relatively, small oil fields in other areas e.g. GoA or NS, but nothing about a new field in a new province.

It’s coming though, I guessed £1 by end of the year, and £1.50 on FID.

Curious to see how right or wrong I’ll be…

A poster on this forum that has always written in a knowledgeable and balanced way suggested today might be when FID is announced. Time will tell, but in the meantime, good luck to everyone!

…that I’ll just stop looking at this and come back in a week or two…