Member Info for Neilius

Anyone know why there has been a 7% rise today? If my app is right, pretty low volume too. Folks stopped selling off?

Paul,

It may be why they ditched Sea Lion but, for whatever reason it was, I’m glad they did.

Hi folks,

Thanks for your thoughts and insights, much appreciated. I note that no one, so far, is discussing any major problems specific to RKH as a company. It’s the risk, the downside element, I’m interested in, and I believe that most of the larger monsters in the cupboard have been dealt with now. Time will tell if I’m right.

As Paul notes there is a long way to go to first oil and even further to dividends but I also think that you can see from the recent Times article that the media interest in SL is going to be considerable and significant once SL starts to move forward. My guess is that a lot of money will come into this share, a bit similar to when oil was found, that would maybe not be normally come into a small oil company because of that.

Anyway, interested to hear further thoughts on risks or downsides.

Hi folks,

Are we seeing this share largely de-risked now? Certainly it seems the immediate cash issue is over the horizon?

Certainly feels it’s “only” normal field development risks and, given they’ve had a decade to think about those, I presume their risk assessment covers most things.

So…share price down due to warrants etc…but otherwise, other than this share has been battered over the years, what is holding it down..?

As regards the energy security issue I always thought that it would no only in the extreme situations mentioned that could be a thing but as Putin showed, mainly Germany, having your energy balls in someone else’s hand isn’t such a good thing.

My thought on the advantage of having energy supplies sourced from a country’s own territory was that the jobs, income, supply chain, logitics, equity and taxes of allsorts would be created and churned inside the country’s borders (GDP) whilst also helping the balance of payments as regards import v exports and this would affect the strength of the currency.

@Auson

That’s interesting about the large trades, I wasn’t aware of that. If this price level is due to warrant trading then I’ll be intrigued to see where this ends up early in the New Year.

Hi Folks,

Sub 11p proved too tempting and I’ve gathered in some more shares today. I’m somewhat beyond the “in for a penny, in for a pound” stage now.

I’m rather surprised that by having the share mentioned in the press has resulted in the price drop though. Hope you are all well,

Cheers

N

Just watching a wee spike in price, maybe it’ll drop again, maybe not, but my hypothesis, as it is for most of us here (I can’t understand why anyone here would be thinking otherwise), is that someday this will pop.

Once this happens, because I think it will, how will I handle the regret of not investing more whilst balancing that against my current thoughts about worrying about whether I have invested too much…?

“That time I could see a huge opportunity but I only went one ball deep not two…”…

Hi @Ovets,

A friendly nudge, to ask you kindly to put these guys on filter, responding isn’t helpful, it will make your (and my!!) post reading experience far better and your blood pressure far lower.

I don’t read any nonsense posts anymore. Today my timeline is a sea of green filtered comments and I know I’m missing absolutely nothing of value.

Cheers

Thanks for the reply Pre2rcd.

I thought your suggestion made good sense to me.

To be honest I’m unaware of what else Navitas have going on, is Shenandoah coming online soon (apologies for asking here, I should research myself!!)?

Something is moving their share price, that’s for sure.

Navitas up to a new intra-day high again today, any articles out there that have an explanation? Someone mentioned they might farm out part of another field they own? Is that guesswork or is their articles discussing this?

A dearth of news, and nothing expected in the short to medium term, is weakening the RKH share price again.

I’d vowed “no more”…but…but 11p? Or, even 10p…

Getting hard to ignore…sigh, it’s like a curse (that will hopefully turn into a blessing)…

Thanks for posting the link pre2rcd,

It’s hard not to surmise that all parties are sorting through their “to do” lists to make Sea Lion happen. Utterly biased but that’s my take anyway!

@yeast-is-rising

Thank you for the report, it’s good to read some news rather than the endless churn of chat about the Italian payment/non-payment.

As regards the meeting, we are so used to being basically told, in various means of coded language, that this project was being kicked into the long grass that it’s hard to grasp that this is actually moving forward, as in we may see some actual, tangible, progress this year.

The idea that Navitas can get this across the FID line by self funding is huge as this means farm in efforts and the project can now run in parallel rather than in series.

The specification of the FPSO will be crucial now, presumably the ideal scenario is finding a second hand one in decent order that can process a volume near to what SL can produce at peak whilst having storage to keep a decent volume aboard to bridge periods of weather were loading isn’t possible. Once the volume and number of wells it can handle are known then the final well planning, drilling schedule and equipment costing can come from there and therefore FID.

Basically, broadly speaking, like what every other oil company does but RKH, or their previous partners, took ten years not to do…!

This time next year the AGM could be all about FPSO arrival timing, drilling schedule or even progress and, to temper things, some disappointing news about the unexpected cost of steel tubulars (there will have to be something “disappointing”).

Who is going to care about Italy and it’s weeny couple of hundred million euros then…

Have we a lot of new posters with strong opinions again?

I believe the emails are sent automatically if anything is posted.

I’ve been gathering some cash and finally bought in to my last position on this share today. Poor timing probably but my opinion is that over the next year this money should increase in value considerably.
Or turn to dust..
This share is my moonshot, I would never risk a significant amount of cash in something this risky again, so is therefore, probably, my one chance of not working until I’m an old man,. So…we will see what happens, but as of today, my last bet is placed.

We appear to finishing the week in a good way, and the price is slowly heading up.
I’ll take that.

I’m thinking that the larger legal costs are done with, yes there will be some going forward but this isn’t weeks and months in court.

There will be some day we will look back and laugh at all this, it’ll all make sense by then. Hopefully anyway.

In the meantime I’m going to do the only useful thing that can be done in this sort of situation, head off into the back garden, say a few kumbayas, and sacrifice a frozen chicken to the God of the 12p resistance…

Losing it a bit tonight…hehe…