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Alma, Write to Amit@
Security over the Award proceeds. Arguably the funder is junior to FIG in the pecking order. Sequential not pro-rata.
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Yes to a US listing, only after SL first oil, after Shell leaves Ldn, and after Sam retires as CEO hopefully to Chair Rockhopper.
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Straw Poll : What does Shell, Glencore, BP leaving Ldn for NY do to the remaining £ LSE UK E&P share prices and why?
Nothing / £ UK E&P gains / £ UK E&P loses?
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Yes, had seen that link a few weeks earlier thanks to another forum.
pre FID, Navitas has detailed the work much better than Premier had.
FID in 2025 (at worst) is believable.
The market is still blind to all the positive news flow of the past 18-24 months.
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UK / Europe is no location to list an E&P company but now is not the time to quit Ldn for a US listing. Maybe try that after first oil?
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The "church parish" approach towards their own readiness for the hydrocarbons must end. FIG must slash the royalty. The resource can curse.
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Rockhopper is more about the resource and less about the CEO / CFO / Chair / Board.
Brent is on a secular move north. New money will invest in big oil first, and next into mid cap producers. We are out of molecules. When the panic strikes, and the mad grab for resources starts, then it will be Rockhopper's time. Maybe the last, but not the least.
Wait a decade, or two.
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12p is a great "price" for the BED to ISA trade.
This share has "no" price until first oil. Market has disregarded the positive news flow of the past 2+ years.
Nice to see the Navitas staff? helping themselves to restricted stock units on 31/3
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An RNS from Navitas to reiterate 2024 FID will reassure many.
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Thanks Mogger for clarifying the date of FIG meeting was before the date of accident. I stand corrected.
2024 FID for 2026 first oil still looks good.
Financing can come from a new partner, a bond issue or any other. They had financed Shenandoah after all.
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If Shenandoah first oil is now revised to Q2 2025 then I will expect a significant delay ( H2 2025 ) to Sea Lion FID and first oil ( 2027-28 )
Also explains "delayed from initial timeline" in the FIG meeting minutes recently.
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The Board and Company are duty-bound to defend against unlawful conduct that damages the reputation of this company. Significant shareholders will support the Board in this.
It is wrong to damage the reputation of this company and the board on public forums. You have the option of voting in the elections at AGM every year. You have the option to call a Meeting. You can write to the CEO or Board and they respond.
Respect the fine line.
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Company and Board are able to email letters via lawyers to members of public forums.
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Fyi DELEK Group has announced a bond issue in Israel
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Sam has done well to keep Rockhopper alive. What are your thoughts on the leadership profile that is required for the next phase of this company?
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To "sit tight" is a great trait. Some of you may want to lose your holding when you see your cost price in the next few years. Sit tight. Don't sell.
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Extrapolating the key events that happened with ref Shenandoah & Monument, I would expect a corporate bond "NVPT.F" to issue shortly after the Sea Lion FID is announced.
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NVPT.B6 910 million NIS was ** NOT FOR SEA LION ** Proceeds are for 1) an early repayment of NVPT.B2 of NIS 726.5 million, 2) for Monument FID, and 3) for other general corporate purposes. Demand for NVPT.B6 was almost NIS 2 billion.
Only shows that Navitas can raise capital in Israel.
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Trust Gideon & Ian. They execute. Trust earth to run out of the molecules. Trust humanity to demand energy. Make a Will. Stay healthy. Accept reality.
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