Member Info for Ovets

'My belief is that funding is in the bag , a long time ago'

I agree Marunam and have been saying so for a while. One thing the Israelis are exceptionally good at is finance and funding. I can't see them waiting until the last minute to find the money for SL. Surely it would be one of the first, before committing to anything like this?

However, I'm not sure I agree with your: 'The sunset clause on exiting the ECT is 20 years, hopefully we all live to see the award annulled before then .

Is that what you really mean?

In this case, censorship isn’t a factor, it’s pointing out blatant lies.

If M-D tells the truth, he’s welcome to make his points

Counter balance and other perspectives are welcome and necessary for a balanced discussion, but blatant lies are not.

That is a fundamental distinction and should not be confused.

Cheers folks and thanks

I’ve given much thought to M-D and as long as he can sow doubt in others’ minds, he needs to be shown to be the charlatan he is.

We could be getting into choppy economic times, so we all need steady and reliable advice and not a load of self- serving rubbish from a phoney

M-D, you have been identified as an unscrupulous manipulator and instead of explaining yourself, your only 'defence' is to become abusive, which merely confirms you really are that unscrupulous, manipulative liar.

M-D, ever since you posted (and boasted) about attending a Navitas public meeting, presented by Gideon Tadmor, but you couldn't even remember his name, etc., you are on my list of this BB's big liars.

You are manipulative and unscrupulous.

As for the OM award, NO it isn't already priced-in. How can it be, if no one knows exactly what it's going to be?

Perhaps the €31M minimum payment, but even then, there is bound to be a penny or 2 added merely for having finished this endless saga and for proving that Sam Moody was right to have taken on the RoI so tenaciously and for so long.

I believe a penny or two on the sp is well deserved, if our management team is proven to have been right all along, except perhaps for the initial decision to embark on exploration just off the Italian coast.

There must be circumstances when Navitas would have to consider pulling the plug on SL and the FI, but to suggest that's even crossing their minds now is blatant mischievous de-ramping.

'I suspect Navitas have stress-tested this to lower oil prices than we are seeing today'

Absolutely.

I don't 'suspect', but expect that Navitas have analysed various scenarios, including the sorts of event that could cause oil price fluctuations and their probabilities, plus the potential volume of oil recoverable from the FI region and over what sort of period.

We are hearing, more and more, how badly the expert actuaries have miscalculated the rapid demise of hydrocarbons, which are now going to be essential, way beyond the life of fields such as SL, even if by then climate change is raging out of control !

Yes, the oil that's been extracted from an oil field (e.g. inside an oil tanker) and then discharged into storage tanks on shore.

Is that good enough for you?

Agreed.

Investing in RKH is not betting on today’s Brent Crude price, but on the probability of Navitas, FIG & RKH successfully producing from SL for starters, then on to the rest of the NFB and beyond.

RKH shareholders should be celebrating that our oil is safely under the sea, that we’re not having to sell it cheap, that others, especially shale producers are facing very difficult decisions right now and that Navitas and Beacon appear to be showing great professional competence in getting Shenandoah into production to their published timetable, despite the silly comments from some on this BB.

If you ask me, someone thought they can earn a few bob by re-posting an old presentation at a time when the FI are coming back into fashion.

As well as the constant and annoying ads, the content isn’t for the average viewer.

The presentation could at least have been updated to reflect the current situation, with some added information.

If you want to know what’s going on now, I’d skip this one.

In the absence of any RKH/SL announcement (e.g. OM, new JV partner, FID, etc.), we should be following LTT's observations of Shenandoah FPS commissioning progress, on which the next SL decision / steps rely.

Is it a well-managed steady exercise, or a shambles with delays? Currently looking the former, which is what we expect and want, in which case, hang on to your RKH shares and certainly don't obsess about the mad US orange thing.

I was waiting for someone to say something like that.

I've been keeping lerts for decades and they're docile as long as they are fed and comfortable.

P.S. Forgot to say you only stop learning when you die, otherwise you should always be keeping alert. Maybe this is the most important of all.

Those who believe/say they know it all are 'know-it-alls', fools and deserve to lose.

Thanks Marunam - keeping a close eye on it.

I believe everyone needs to have done as much research as possible and still do more (clearly Grimuphere doesn't bother to do any).

I also use charts, but don't rely on them - they need to be interpreted with research knowledge about the investment and the wider World (which is why traders always have the news feeds on all the time - I doubt if Grimuphere even knows what the news is).

Finally, I've been doing this for over 50 years and there is another dimension I cannot explain, other than 'experience', of the sort that old experienced sailors demonstrate in, say, a storm - they intuitively take in what's going on around them to make more sense of the situation and then don't be afraid to take action - don't dither (although sometimes a bit of dithering turned out to be the right course).

And even then, you can be wrong.

So the Grimupheres and the slicers and dicers can post all they like, while making public fools of themselves.

Why don’t you give them a call, Ephemeral, and let us know how you got on

I think it's pretty courageous of Lovely to publish his experience for everyone to poke fun at, but it isn't funny and it's easily done.

Let me remind you of some key lessons, which I posted at the beginning of March, on the basis that you may have a large 'main' holding of RKH shares and perhaps trading just a few additional shares, on the side:

'Lessons learnt:

- take the retracements in your stride, as this one really is only going one way, but it will take time and, at times, some steady nerves;

- trade a few shares on the side to earn a bit extra if you wish, but don't put your main bet at risk, 'cos you could mis-time things;

- don't try to be too clever, as it may backfire. Actually, it almost certainly WILL backfire if you are trading the rises and falls repeatedly, unless you are lucky;

- Don't get out too early (Abbey National was an example where many regretted taking their money and walking away too soon);

I finished building my main position around Christmas time and have left it alone since then.

Best of luck!'

For the record, my 'main position' remains untouched and intact and I have traded a bit since I posted the above, but only when I am 100% confident that things won't go the wrong way. So I'm not like some who post here, who claim to be slicing and dicing - which I do not believe, as that is far too risky.

In a warped World where Donald Trump can become President of the United States of America, there will always be sociopaths like GUH, who the gullible will believe

Yes, a bit annoying to say you know something and then not say

Better not to mention it

Yes - just need the OM €65M in the bank, an announcement about a new JV partner, followed by SL combined FID/sanction (Navitas has done that before).

Imagine if you sold-out at 40p.