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Nick, I’m inclined towards the price of Brent going to and perhaps above, $70, rather than the $30 prediction by JPM at the end of last year, which certainly spooked quite a few. But none of us knows for certain. One thing we can all agree is that the World is very unpredictable now, and not looking as though that’s going to change for the better soon. That’s very much because we don’t appear to have any really good leaders we would follow right now , other than out of curiosity as to what they’ll do next.

I think your assessments are OK, but I have growing scepticism about over-reliance on AI. I’ve tested its veracity, and while undeniably useful with facts, it’s seriously dodgy when it comes to correctly assimilating complex issues and making predictions.

With SL, there are multiple factors which make it different from many/most new oil fields.

There are the geopolitical issues regarding the FI and their economic survival, as current revenue streams seem less reliable, but oil & gas would change dramatically.

There’s the strategic importance of the FI, as Trump’s ‘Western Hemisphere’ assumes greater importance.

SL isn’t just any new oil field, but the golden key to unlocking a potentially vast new oil & gas region, which will support all of the above.

etc., etc. so while the price of oil is clearly significant as Navitas moves towards first oil, there are very many more factors, which ChatGPT won’t have taken into account, unless prompted by you to consider.

‘If we don't see $70 WTI by March or April at the latest I will be concerned and I will let you know why’

Nick, I thought you believed that everything is beginning to align perfectly for RKH?

Thanks again nikb.

Have a good weekend

May I say that you must have mighty big nuts where you are !!

Thanks nikb.

So in a nutshell for RKH and the wider FI region ??

Redmoor may eventually become an important tungsten source, but probably not for at least 10 years.

It doesn’t qualify as ‘World class’ and may never. At best, it won’t be for years, assuming all goes smoothly.

The point I’m making is the scammers do not elaborate about how speculative these shares are and some investors just rush in hoping that the big rewards .

This is NOT the place to tout them and to compare any of them with RKH is ludicrous and misleading.

As I’ve already explained, a lot of later entrants have NOT ‘multi-bagged’ with this, or any of the other touted shares.

The biggest gainers will have been the scammers who planned this, by buying-in when the sp was sub-0.5p, then posted the recommendations to invest.

Those who were quick to follow may have made a bit, but SML is quite likely to disappoint over the longer term, unlike RKH, which is the exact opposite.

Agreed Santos.

The disappointing post-FID sp performance and now no obvious announcements expected, is steering some shareholders towards the dodgy touted shares, where they hope/expect to make a quick quid or two.

Some of those shares will return to where they deserve to be (e.g. sub-1p), others may just about stay where they are, but it’ll need some really good news for the multi-bagger results some appear to be assuming.

It’ll be interesting to see how it all shakes-out in a few months.

That’s fine avinapunt , but not here please. This isn’t a gamblers’ forum for those ‘avinapunt’. This is the Rockhopper discussion forum, so let’s just keep it that way.

For the gamblers using this board, I suggest you revisit the scammers’ suggestions in, say, 6 months and see how many turn out to be multi-baggers.

For those of you still not sure, please note that no one has challenged the positive points I made about RKH, because they are correct and verifiable.

Absolutely and the fundamentals of some are almost worthless.

Just read what I posted.

This is the RKH board. If you want to discuss the ‘fundamentals’ of the others, do it on their respective boards.

You’re a clever boy Ralph, but that doesn’t stop this from being a blatant scam.

No one can be certain what is going to happen with the RKH sp until first oil. Currently it looks as though it could drift around the 70p mark, I don't see that lasting long, as Navitas continues to demonstrate it is a VERY driven, well organised and disciplined outfit, unlike many others. Navitas is in a management league of its own, with RKH intimately involved in how they run their projects, which is not to make exaggerated promises, but rather to set sensible targets and achieve them.

By all means trade RKH if you've got no better ideas, but beware you could lose all your gains, and more, if you mistime things.

As Navitas continues to accelerate their activities to achieve SL 1st oil within their stated timescale and the word gets around, more investors will want to be a part of this. Navitas' capability has already been demonstrated with the implementation of Shenandoah, which would appear to have been more complicated and risky than many had understood.

With every successful project, their experience and expertise grows.

SL is now fully appraised and with every successive re-appraisal, the reserve numbers have increased, which in itself is a reassuring trend.

The SL high viscosity crude does have its problems, which some posters here have made much of. It should be remembered that the handling of such oil is well understood, SL crude is low sulfur, which is a big plus and the viscosity is ideal for US refineries, so it's not the big problem that some would say.

The disappointments following SL FID, etc., may explain why some RKH shareholders are more susceptible the share touts, especially once they’ve received their OO refunds.

Over the last few months, share touts have tempted us with at least the following 'opportunities': ECO, GRL, PLSR, PMG, PRD, REE, SML, WTE, where some already claim to have made 'multi-bagger' gains. The really massive gains, if true, could only have been possible by investing before the share was touted, suggesting that those claiming massive gains were complicit in the ramping scam(s).

Some of these companies may come good, such as ECO, where Navitas is involved, but most are completely unknown and unproven to become the reliable multi-baggers some are touting.

Returning to RKH, which for SL can now claim 20 positive exploration and appraisal wells, post-FID, Sanction, Financial Close and a seriously over-subscribed OO.

Would you spend your savings on a ready to drive, quality car, insured, guaranteed with MOT, and with an appraised full tank of fuel, or risk it on an unknown banger, which might be worth something once restored, but currently it doesn't start, obtaining parts isn't guaranteed, nor the expertise to restore it fully. If you 'kick the tyres' you may find there's little or nothing there. Kick harder and bits fall off.

Compare RKH with the touted shares and I know where I'm leaving my money - there could even be a takeover.

So there won’t be any more Sunday early warning announcements from Navitas of interest to RKH shareholders.

Let’s not get carried away

It’s $69.24 now

‘buy’ not ‘but’ !

The touts pick some potential opportunities, but a load when they’re at, say 0.5p or whatever. They then post a convincing story about this amazing opportunity, especially when people are likely to be looking for a new opportunity.

It only needs a number of victims to dive-in early and ‘BINGO’ the sp leaps, just as the tout predicted.

Others, not wanting to miss out, encouraged by more posts from the tout(s) about this spectacular opportunity, jump in, and the sp leaps again, but based on nothing but froth.

THIS IS THE RKH BOARD

I agree with those telling the share touts to go away.

These are opportunistic scammers, who you should note do not provide proper information about the companies/shares they are touting.

Many/most of the shares being touted are extremely risky. They may do well one day, but right now most/all are at the beginning of a long process (just like RKH has been through over the last 15 years) with plenty of opportunities to fail.

Interesting that many of these touts are appearing just as some RKH investors are receiving their Open Offer refunds and may be thinking of ‘investing’ some or all of it into a new opportunity .

Some of these touted shares will leap initially, as lots of victims put their money into them at the same time, making them believe they’re onto a winner. Some may do well, but come back in, say, 6 months and see how they’re all doing then.

Don’t invest a penny without doing some REAL research. ChatGPT can be a useful help, as long as you ask it the right questions.

Make a note of the scammers and filter them.

Regarding SL production levels, surely 20 exploration and appraisal wells must have largely de-risked production level concerns ?

Cheers folks!

My thoughts were triggered by trying to imagine how the FI oil/gas region might evolve, what the FIG and the Islanders might tolerate, or even encourage compared with how things are looking now.

I still believe that the FI deserve a coherent and visionary plan, rather than things being developed piecemeal, doing what can be afforded at any particular time by a number of participants.

As usual, we'll have to wait and see.

Well that’s the question we all need to think about, but if the FI oil/gas region were to be developed in the way I’m imagining, then the sooner the takeover, the lower the entry price, I would expect.

That’s why there would have to be a very comprehensive and visionary plan already conceived, by someone with the knowledge, experience, resources and deep pockets to do it, otherwise a RKH takeover probably won’t happen, or at least not until SL 1st oil.

But we are potentially considering a £Billions new energy region.

FIG and the islanders may not want this, but I believe they are living on what could be a rare, if not unique energy opportunity.