Member Info for nicktheglobe

"If the renewables are wrong all they will have done is promote a cleaner planet self sustaining better technologies EV`s etc and better air quality and leave a better place for our kids. It`s that simple. The rate of advance is heartening"

But the renewables are not clean energy. They involve massive mining projects and the destruction of many wild areas on the planet. Incidentally the rapid exploitation of solar panels relies considerably on slave labour from China's Uyghur Muslims:

https://www.bbc.co.uk/news/world-asia-china-57124636

So much for the lofty high ground ....

Solar capacity is not the same as solar delivery tò the point of use: 12% utilisation is common for solar in northern latitudes and then there are bottlenecks between the far flung solar farms and the consumers. Renewables are the opposite of what mankind wants: dense and reliable sources of energy. Renewables also destroy much natural wilderness.

I thought shares were valued on future prospects, not past ones. Remember the period 2014-2019 was a bad one for all oil stocks as the oil price crashed on the us/opec price war. Using this period to smear RKH seems quite weird to me.

Up to 3865 today. If Shenandoah goes ahead as planned. NVPT's FCF will facilitate funding of SL

Should have added, the timing is surely to encourage more warrant take-up in the closing days.

IMHO this is a very sound business deal. It does take some of the froth off the maximum award but it ensures the survival of the business and provides the cash to finance much of RKH's initial expenses on Sea Lion. Therefore without dilution we stand to be much better placed in 2 tears time.

You should get shares in JHI in due course, under the closure deal.

Wonder if the ECT could be used against the UK government for the EPL:

https://www.timworstall.com/2023/11/lying-bastards-thieves/

Green energy is out of favour but major investment in Permian has risen strongly over last 2 days on Exxon's bid for Pioneer and events in Israel. Suspect discount to NAV is increasing.

I think people are overestimating the Green power. Offshore wind is in trouble off New Enhland and in the North Sea with new developments postponed or cancelled.

Siemens and Orsted are in worrying financial positions. Solar is only good when the sun shines. Battery backup is still small scale. Oil and gas cannot be phased out unless we see as yet to be proven technological advances in electricity storage. And are there enough mineral resources to provide such a storage?

Saudis/Russia are dictating market by restricting output. The rest of the world needs to increase output to counteract this. The UK's tax on oil and gas is nuts in this setting.

If you read the Guardian, yes no hope of UK backing but there's a massive groundswell of opinion building in the DT against Net Zero, both in articles and in comments. This has become stronger since the Uxbridge election.

The recent spike over $100 was due to the Ukraine war. I doubt any oil executive would have based long-term plans on that. Navitas quoted $78 as a long-term price in their working model for RKH last year. I would now think they are looking to the upside of that figure and that is important for confidence in the project.

Well I've been buying some more today. It's naïve to think that the rising oil price has no effect on RKH's prospects just because it's not a current producer. The value of Sealion is enormously increased with Brent approaching $90. Navitas are obviously keen to exploit the potential.

Don't understand why shareholders hesitate on the warrants. I have exercised mine on quite a significant holding and sold them at at 40% profit on the market. That's reduced my average purchase price on the remaining holding to 7p.

Https://www.proactiveinvestors.co.uk/companies/news/953462/eco-atlantic-oil--gas-to-buy-stake-in-jhi-associates-to-gain-exposure-to-canje-block-953462.html

$2.00 a JHI share was paid.

Exploration assets are considered as property so do not qualify; productive assets such as oil wells do qualify. So on this scenario, RKH will qualify in 2026!

So with no ICSID and no compensation to investors for policy changes, who is going to invest in the EU green revolution? The EU change is not retrospective - does nor affect RKH.

Shorters of FXPO must be a little nervous! A retreat of Russia (organised or rout) from Ukraine is looking likely as Russia turns on itself.

This isn't big money for ROI. Yes all passive resistance possible and lack of cooperation but they're not going to spend a lot of effort hiding assets.