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GodLeaverage, tell us who has so far paid "to complete FEED 4 times" for SL?

Godders / Decidedleaverage says: "May I remind everyone that HRB / pmo / rkh must have completed feed 4 times already to no avail"

So good to have such an experienced project management expert like Godders / Decidedleaverage to help us.

Clearly hasn't a bloody clue about managing a project of this size, in a new and very remote area, with a potentially hostile neighbour to take into consideration.

For example, while PMO probably did a lot of worthwhile work, the Navitas team would have had to review all of it to extract anything useful for their new SL project, as it's clear that PMO/Harbour were never going to make it work, as they floundered.

Navitas have been applying that to their new approach to the project, to produce their own FEED - they would not simply have reused PMO material to come up with a similar FEED, because PMO/HBR had already realised they couldn't get the right answers.

I imagine one objective set by Navitas BoD would have been review all cost options to be able to produce the maximum oil from SL, as soon as possible, at the lowest cost, without introducing any potential H&S issues and meeting ever tightening ecological constraints in a pristine region.

A very difficult challenge, to come up with a credible proposal, which will attract funding.

And Godders / Decidedleaverage stands on the side lines shouting about something he admits he has no experience of - what a wally.

As usual, Godders / Decidedleaverage, we all want to know your source for this revelation.

If you want us to 'discuss', then we need to know a bit more than it being some whim that came to you in a dream.

So, Godders / Decidedleaverage, where does that come from?

Yes, definitely.

Absolutely, and Navitas couldn't give a tuppenny Fuke about them, but it would still be preferable to have a friendly neighbour, which could significantly reduce some of the costs of operating in such an area

Actually more than 20 and all stuffed with 'loads o' money'.

Regular visitors have worked out that Decidedleaverage and Godders are one and the same person.

Doesn't confuse us, as we all know, but it would seem to confuse him - clearly not as clever as he thinks he is.

Wow - does Godders only work in the afternoon?

That explains why he's got so much free time to waste here.

Thanks Latics - appreciated and accepted.

Thanks Latics for a full reply.

Maybe you should think a bit more before making some of your postings (e.g.: 'Bet your Mother loves you though'), as she recently died.

Agreed there is a dearth of information, but I'd rather that than the drip-drip-drip of info, from Tony Durrant, none of which came to fruition.

When Navitas announces anything, they really mean it.

And in any case, instead of spending your whole life on this BB insulting Sam (who I believe is doing OK at the moment) and us, if you spent a bit more researching (as Mogger and others do), you'll find that there's quite a bit of positive information out there, if you're prepared to make an effort, but I suppose it's easier and more fun, being negative here?

" MArk my words some sory of spanner in the works is coming"

Better tell Latics about this, as he's just exercised his warrants, thereby handing his money to Sam and the RKH Board to squander (or at least, that's what he keeps telling us).

P.S. did you mean 'sorry', or 'story'?

"Zero progress in 12 m is worrying"

Zero progress in achieving a monster OM award?

Zero progress in the accruing interest on that award?

Zero progress in fighting the annulment challenge by RoI?

Zero progress by the Navitas team in turning the PMO plans into a workable project and preparing for FID/sanction?

Zero progress in FIG's preparations for SL?

Or is it zero progress in the Godders and Decidedleaverage's joint investment account valuation, that you're referring to?

"II's arent buyuing PI's arent buying. Someone needs oto" - "¿Qué?"

and, who's Oto?

DL, you say "but if that is a decade away it doesn't help us".

Navitas were announced as operator only a year ago and they seem to be making dramatic progress, so where did your 'decade' idea come from?

As for "castigating negative posters", I have repeatedly stated that we need different opinions and disagreement for there to be meaningful discussion.

What we don't need is relentless, unsubstantiated negative comments like these:

So what are we paying Sam for ?

with Sam at our helm , I despair.

What galls me is Sam sits there in his country house living the life of luxury. I sense he himself doesn’t believe RKH will be a success.

Wait, so Sam is being paid for doing nothing?

Sam has been milking this since then … others have to earn a living.

Move aside Sam and let someone else try

Sam has gone into his cave and the likelihood of further fundraising seems to be growing.

Absolutely nothing happening same as previous 10 years including the fact that Sam collects his salary every month as Schitizen well knows.

We know that Sam isn’t going to tell us the time of day let alone how things are progressing ?

Neither has moved the SP yet Sam still gets paid handsomely. Imagine what he will be awarded at FID.

Mr Market wouldn’t Sam to organise a p**s in a brewery.

Can’t see Sam EVER getting this off the ground

Latics, that's a big part of the problem - calling fellow posters / shareholders morons isn't helpful, especially as we're all supposed to want the same outcome.

I agree with CTS about Navitas probably waiting until after the Argentine election, which is only a week away, NOT 'two or three weeks'.

If you can't wait less than a week, there's something wrong with you.

I reckon Navitas will only announce something worthwhile when they're good and ready and not before.

In the mean time, do you have any reason to believe Italy will meet any of the very stringent reasons for an annulment?

What upsets you about the astonishing magnitude of the OM award, growing by £1.25 to £1.5 / month?

What have you heard that indicates Navitas, FIG, or anyone else involved is starting to get cold feet about the SL project?

You just seem to enjoy being negative for the fun of it, which is really strange now that you have admitted to taking up your warrants. Doesn't make sense.

Latics, why do you always have to be so negative and objectionable?

Don't be so pathetic latics, you're trying to be a bully, but not succeeding.

So what are you, ignorant, or a hypocrite?

"I still think Sam in not up to the job but he has you morons convinced he can do something about it and you can’t change that."

I'm sure you posted that you don't lower yourself to insults.

No Latics, your point all along has been to insult Sam as having been a greedy and incompetent CEO, and the last thing you'd contemplate doing is contributing any cash for him to squander.

But here you are admitting that you have taken up your warrants.

Now, either you are a complete ignoramus, not realising that the money raised from Warrants goes to RKH for their management to squander (as you would say) , or you are a complete hypocrite contributing to the very thing you have publicly stated you despise.

Which one is it?

Good one Marunam2.

I'm with HL and exercised my warrants quite recently and am surprised by how long it's taking.

HL staff were very friendly and helpful, so no complaint there, except that this process seemed alien to everyone I spoke to.

Therefore, I agree that, if you want to exercise your warrant rights, it's probably a good idea to get on with it, just in case of some delay by staff who haven't done this sort of thing before.

In my case, the money has been taken from the account, but no sign of any shares yet. To anyone else in a similar situation, don't panic if you see the money disappear, as this exercise is a very different process from the normal immediacy of electronic share trading, which we're so used to.