I heard the Israeli (Jewish) investors at Navitas are quite keen to stick it up the Argies for all the Nazis they welcomed to their country. They want to rub the Argies nose in developing the Falklands oil and gas industry. Obviously this is apart from making lots of money. Darwin is another money maker. The efficiencies in cost savings by doing the two fields (only three wells at Darwin) improve the economics.
I'll go for Borders ask for a 2 year extension on their Southern Licences, just like Rockhopper has done, and then Navitas will do a farmin with Borders so Darwin will get developed on the piggy back of Sea Lion.
Should start moving later on. 34m shares is a decent wedge and this is tightly held with hardly any float. They may not have stopped accumulating, especially at this low price.
I'm expecting oil at or near $100 by end of the year. Colder weather, China easing lockdowns, USA need to build SPR which is at record lows, Russian oil price capped and banned in Europe. Supply crunch will get worse for the West.
I would like to see the board do a video presentation of the study for Darwin and put it on the website so everyone can see it and get a feel for the scale and opportunity of the asset. Until now, the board haven't done a video or presentation that everyone can watch. I'm sure it would create interest.