Member Info for Ovets

Yes !

If you want hard evidence that Ed and HMG have limited influence over the FIG is their taking that £150M loan earlier this year, rather than approaching HM Treasury.

The first and only time in their history, so this is REALLY serious for them.

As for Norway, they’re still in contact with the Norwegians, especially about their Sovereign Wealth Fund, but don’t make a lot of noise about it.

Mirasol, on this one you're wrong.

Revenue from Shenandoah will underpin Navitas' finances, contribute greatly to reducing Navitas considerable debt and reassure those who are and will be funding the SL project and beyond.

So while I'm not that interested in a blow-by-blow account of what's happening on the Shenandoah FPS, I am interested to hear that production is stabilising and that it is performing better than expected. You may remember that before Shenandoah first oil, some posters on this BB were predicting under performance or worse, which would have had a direct impact on SL FID.

Ralph, I thought your complaint was about the breakdown of UK society because of the influx of undisciplined people overwhelming us with their bad behaviour etc.?

Are we to take your example of how you would like us to behave to each other?

Ralph says: 'Ovets - You can just filter people'. and 'I will talk about it if I want to'.

That's not only very rude, but selfish too.

So RKH BB posters can start chatting about whatever they want and those of us who only wish to discuss RKH-related matters are told we have to filter them.

Shouldn't those who wish to chat about non-RKH related matters be the ones to go and chat somewhere else?

I think you'll find those are the normal social rules that apply.

So please go and chat somewhere else, if it's not about RKH.

This is getting as bad a ADVFN here.

Can we please stick to the topic (in this case 'RI Open Offer end 2025').

I don't want to have to read about all the rest of this stuff. If you feel so strongly that you want to discuss it, please set up a WhatsApp group and chat there.

Thanks

Happy, I’m not being harsh and it is not a case of someone in a legal team not doing their homework (rather like you don’t appear to do yours either).

HappyInvestor, instead of making ill-informed postings, please research the topic first, then post. OK?

Thanks Mogger, as always

'as my petrol monster maybe in danger'

It's not a Tin Can is it?

Not all that long ago posters here were stating that if the sp reached 40p, they'd cash-in their chips.

Now we're talking about £6. Quite a difference.

'The Fi election date is now set for 11 December'

That corresponds with Sam's confidence that FID would be announced around November.

My guess is they've added a safety margin to ensure all the FIG's tasks are completed before the election, so if they get on with it and there are no delays, we might see FID a little earlier than November.

But RKH old hands will know by now not to expect things to go smoothly.

Tim Smith, how about discussing this on the SOLG BB?

What's so difficult about that?

I think you're missing the point when referring to 'straw grabbing'

For the election, the legitlative assembly will have to close down, so there will be no progress on SL admin for that period.

So if awaiting FIG decisions or actions, it would have to wait until after the election

No straw grabbing about that

JEBR, good points.

My main points are that not all that long ago, many on this BB were worried about FID happening at all, or at least soon.

Now it looks virtually certain and despite the annulment, we’re already funded.

Some are now getting agitated about the OO, dreaming about a rights issue that isn’t going to happen and there’s nothing we can do about it, but there is an election in November that could stop progress at least for a while.

I’m just saying, be very pleased with the current situation, which we could only have dreamt of not long ago.

I can tell you with absolute certainty that, surprising as it may seem to RKH shareholders, not everyone in the FI is 100% certain about what all this is going to bring to them.

I would accept that many/most look forward to living in an unimaginably wealthy place, but there is still some apprehension about what other things that wealth is likely to bring.

So just to dismiss those concerns and assume the election won't change anything, is unwise. Some new MLAs may wish to review some details, so I repeat, if you want FID ASAP, which I believe most of us do, then better to get it done before the election - that's all, nothing complicated.

"Ovets, you don't get to shut down other posters views just because they don't align with your view, even if that is a view on just one person."

Isn't that more-or-less what you're trying to do? Most seem pretty relaxed about the current situation, getting fully funded (and more) despite the unexpected annulment, and all ready for Navitas to announce FID.

I'd be gobsmacked if any MLA candidate is against SL, but there may be some new candidates who have environmental concerns, as not all F Islanders want their lovely home to become the Dubai of the South Atlantic.

So there could be a new MLA, or two, who could slow things down, as environmental issues are reappraised.

Just saying that if you're virtually all set to go now, but dawdle enough for the election to delay FID, that wouldn't be great and certainly worse than the situation we're in now if everyone involved pulls their finger out.

Those making so much militant noise about the OO appear to be looking at things through a rather selfish lens.

Croft, I would be more concerned about the shut LA down and little, or no progress on SL administration, rather than major changes of policy, but the World is a strange place at the moment and if the current administration is supportive and trying to get things done, why delay when the new set up might be even slightly less cooperative.

If we've got the funding and FIG is busting a gut to cooperate, then having to down tools for an election would seem rather stupid and definitely not how Navitas operates.

I agree with Croft on this.

Some here seem to be working themselves up into a lather over this, but they're also winding others up too, who may not have thought things through.

SH posts: "management HAVE THE TIME to organise a Right Issue to reward actual share holders". It's not just the time, but the cost of a rights issue. RKH can't afford to waste even more on this and quite a few shareholders may not have the extra money to participate, so a rights issue might not go as some would expect.

Furthermore, RKH and Navitas may NOT HAVE THE TIME, as one thing none of you is mentioning is the FI election in November. FIG will have to turn its attention to that, so little or no time for any SL administration. There's quite a lead up period to the election itself, with MLA candidates setting out their positions, etc. and then after the election, a period of getting back up and running again.

After the awful OM annulment disappointment, I reckon GT and Sam agreed they must get FID done before the election, otherwise there would be delays while the legislative assembly is shut down and there might even be some changes of FIG attitude / policy after the election (e.g. environmental).

Getting the funding organised so quickly tells me there's serious urgency, particularly to complete the FIG admin and arrange the funding before the election.

As well as agreeing with Croft, as a considerable RKH shareholder, I'm disappointed by the militant position taken by some posters here, who don't appear to have thought about the election and how that might affect the timetable, and who don't seem to recognise what a terrific position we are now in for FID.