Member Info for Nightpusher

We all did last week with our dividend money...lol

same for me NSS.Reinvested decent sized Divi and another £10k of my Shell withdrawal moneyHave ploughed a fair bit of that sell since Feb but am ok with it and might pick up a bit more but will see where we are going but quite possible that oil may climb back to 3 figures again and we have Q2 results to look forward to.

Nav Mike

Brent been trading all day as normal as its name is not UK significant except to us old OIM,s in north sea who always made time to listen to shipping forecast regardless of all weather reports snt out from Aberdeen offices.

Hargreaves have spot Brent just now at $98.01 and financial Times at $97.98.Just another trading day in reality.

I have a twitching finger... 20k

Retec,you gave me an idea and bought 10,000 shares using ISA mmoney already in my account from my exit from Shell that I do not plan to buy back into.HBR will be my main focus for oil shares once I have unloaded all BP which in all probability will be knocking on the door of £6 again soon

Thanks for agreeing with me and my "gash"

.Note from the Wroter but I think author better .

Harmonica,afraid I have to throw in the towel here,sadly my helpful assistance has fallen on deaf or unaprecitive ears.I even sent you a 5 minute clip to show how oil can be extracted and exported without the need for steel platforms or pipelines as I appreciate that your average BP investor probably has no idea of the method that BP extracts and sells oil.

I can only leave you with this cut and paste from Navitas who are operator of Sea Lion and 65% holder and RKH.L hold other 35%

Key Project Details (as of April 2026):

Timeline: First oil is planned for early 2028, with the first well expected to be drilled within 12-15 months following late-2025 approvals.

Production: Phase 1 aims for a peak production of approximately 50,000 to 55,000 barrels per day.

Development: Phase 1 (sanctioned) is the first of two planned phases, targeting 170 mmbbls (gross) and 149 mmbbls (gross) for Phase 2, respectively.

Operator: Navitas Petroleum operates the project (65% stake) with Rockhopper holding a 35% stake.

Infrastructure: The project plans to use a redeployed Floating Production Storage and Offloading (FPSO) vessel.

Funding: Following a December 2025 Final Investment Decision on Sea Lion, the companies are moving forward with capital expenditure for the development.

Good luck with your pipeline to South America,

Https://www.youtube.com/watch?v=sEZVlGGb0BU.

Hope this helps

Harmonica.Wherever Navitas sells the crude to normally under contract to refinery.FSPO vessels are used all over the world now more frequently in deeper water production but in the case of Sea Lion its more about economics.Being the cheapest way to get the field in production going from 11 sub sea wells so there will be no standing steel platform but oil gas and water will be separated on the vessel and is then ready for export onto shuttle tanker

Harmonica

Navitas are planning to use a floating storage production vessel.No long distance pipeline will be required,just shuttle tankers

Harmonica,Navitas in conjuction with RKH are planning to utilise a floating production and storage vessel for all production from sea Lion.

The UK is thought to possess considerable proven reserves in the Falkland Islands.

Oil reserves and natural resources off the Fakland Isles belong to FIG or Falkland Islands Government and not UK.

Google Rockhopper energy or RKH.L and you can follow all the action since Sea Lion was discovered I think the original exploration company was Desire petroleum.Quite interesting read for this Bank Holiday.

Https://www.telegraph.co.uk/politics/2026/04/03/miliband-expected-to-block-north-sea-oil-drilling/ if you know a way around paywall

Ed Miliband is expected to block fresh oil drilling in the North Sea despite growing pressure to resume production to combat the energy crisis sparked by the Iran war.

The Energy Secretary is understood to be resisting the development of Rosebank, the UK’s largest untapped oil field, estimated to contain up to 300 million barrels of oil.

Very pleased to see that there is finally likely to be a U turn on north sea gas which is long overdue.

Jakers this is not actually a U turn from the government but just an approval from the Energy secretary(it has not happened yet) to a supreme court ruling to a Greenpeace chalenge that Shell produce a more detailed environmental study to the impact of this development which they have done.I t really does not signal any kind of U turn and that is noticeable as no go ahead was given to Rosebank development which was hit by the same Supreme court ruling,

Rosebank is oil and Jackdaw is gas which purely points to the fact that so much pressure has been put on this shambolic government that It just looks like they have thrown a very small bone to the media to try to calm the waters.I suspect that The energy secretary will continue to drag his heels on Rosebank judging by some of the comments that Milliband has made in public about its developmentd.Jackdaws platform has already been installed but not sure if pipeine to Shearwater has been laid

If Cambo ever gets the go ahead then that might be cause to celebrate as some kind of revival of UK policy but dont hold your breath

Transfers at death

Understood now,am I right in assuming that on my demise the only tax payable will be IHT on my shares and when my executor does probate absolutely no capital gains tax can be levied.Although I doubt I will have any shares by then as Iam presently involved in more wealth distribution and not wealth preservation as I am 77.

Spights to get £9000 CGT per year do you share your shares through family as rate is £3000 for each individual.I sold a quarter of my ISA shares today and plan to unload rest and will whittle down non isa shares in the future but cant overdo it as will go into higher rate CGT very quickly which is 24% up from 18%.

Theaky you are absolutely correct,Royal naval engineering were actually over in Newport News were the amphibous vessel was being held in reserve measuring the flight deck and costing the job to adapt a ski ramp on it just in case Hermes sustained damage in the war.

Harriers received the latest Sidewinder air to air missiles that no one else had except USA had in their inventory.

Wanted to pull Fleccy on this myself so thanks for bringing this to the boards attention.Reagan was right behind us when he had to choose which side should be helped.Some in State Dept had other ideas till he pointed the way

The Agreement will be signed between Southern Energy (SESA) – a strategic consortium made up of PAE (30%), YPF (25%), Pampa Energía (20%), Harbour Energy (15%) and Golar LNG (10%) – and SEFE (Securing Energy for Europe), an international energy company owned by the Federal Government of Germany.

Just a reminder to all BP holders that PAE or Pan American energy is 50% owned by little old BP.

Used to smile at what I thought was Spights fantasy price now I am not sure.So not selling to over £6.Have had hell with this share and invested a fair portion of my Schlumberger profit sharing account into BP pre Macondo and have contract notes for large amounts at 5.75.I won't mention Covid or Looney to add fuel to the fire.Have achieved my sell goals with Shell and keeping HBR for the long term.Wont be coming back to Shell or BP in the short or long term either.

Bring on £6 plus.

But some of those bumps are opportunities for us to top up.

Dont tempt me,meoryou, as i have just sold 800 Shell and money sitting in Stocks and Share Isa but have a fair sized holding in HBR already and I really want to move Shell money into NG.L but price a bit high just now.Have not sold any BP.L yet as getting rid of all Shell first after a good run I am sure they can go up some more but i am happy with what I am getting.

Harmonica

my advice,which I will be adhering to concerning my continued divestment from Shell,is to not look at share news till 9am on monday morning.The first hour will be hectic and perhaps misleading and I always found that in times of mass selling and buying it is actually quite difficult to trade anyway.Good luck all the same.I believe a little bit of the war premium started to get priced in on Friday.

Me too.have unloaded 2 tranches at 30.25 and this morning at 30.50,still lots more to sell but its hard to believe that we surely must be at a 5 year high and brent price is really quite low.

Sadly a long way to go to even consider unloading BP but HBR shaping up nicely though divi yield just dropped below 8%.

Cannot comment on Geneva talks as anything can happen with those 2 adversaries

I finally sold today half of my holdings and released all my original capital

Good luck larry,sold half my holding during good run summer before last but holding on for a bit closer to £30,bit risky I realise as this spike could end very quickly as its all about goings on in Geneva and the Iranian position is pretty rigid for now.