Member Info for pauldrayton

I suspect a lot of people might be kicking themselves for selling out in the hope of buying back cheaper when the placing announcement arrived, but there have been some large buyers in the background for some time mopping up those sells.

Might seem like pie in the sky now but I personally don’t think a 10 bagger from the placing price is unrealistic when Rockhopper get taken out in a few years (assuming everything goes to plan from here).

Why would there be a pullback at FID?

The North Falkland Basin is about to become one of the world’s hottest oil E&P environments.

The Israeli banks have been shrewd. If all goes to plan then at some point every man and his dog will want a piece.

What a response.

Bear in mind those buying now are unlikely to be looking at this as a quick trade on FID. This is now about the opening up of the North Falkland Basin.

I think a lot of people underestimated how low the share price could go during the bleak times, and are now underestimating how high it could go when in production with a 35% stake and one of the world’s most favourable fiscal regimes.

They know the exact funding required. Finance is all but agreed and FID is all but complete. It’s just a matter of the formalities now.

It’s a larger raise than I was hoping for and anticipating but that is the last placing RKH should ever require (hopefully). I can understand why they didn’t want to leave anything to chance.

At least the line is drawn now - we know what’s required and we know the price/dilution.

The path to first oil is becoming clearer and clearer.

PRESS STATEMENT

29 July 2025

Amended Public Meeting on Proposed Sea Lion Project

The Falkland Islands Government (FIG) and Navitas wish to advise that due to circumstances beyond their control, the upcoming public meeting to be held this week to present the findings from the social and economic impact assessments of the proposed Sea Lion hydrocarbons project has had to be rescheduled.

The public meeting will now take place from 5.15pm on Thursday 31 July 2025 at the Chamber of Commerce.

EG777, whilst Shenandoah is clearly a major milestone I’m inclined to agree that the recent rise (post AGM) has more to it.

My guess (and it’s just a guess) is that it’s finance-related but who knows. Long may it continue though!

Navitas are still saying first oil Q1 2028.

It should be well worth the wait.

AIM is a graveyard for once-pumped oil & gas stocks from the 2008-2012 era.

I’ve forgotten most of them but it wasn’t just DES, FOGL & ARG. XEL, RRR, BOWL, CHAR, BPC, AFR, LDP, NOP, VOG, RPT, SOU, GKP, RBD, SDX etc lost most if not all shareholder value with no hope of recovery.

Credit has to go to Sam & the board for getting RKH to this point, with a massive potential future ahead, although to be honest I think ultimately Sea Lion and the North Falkland Basin always HAD to be developed. I’m sure for most people here it wasn’t the company that mattered but belief in the basin. Rockhopper just ended up being the best/luckiest of them all and let’s hope they (and their shareholders) go on now to reap all of the rewards. It’s been a long 15 years waiting but it should be worthwhile.

We’ve seen it with Shenandoah now but just imagine the day that first oil is produced from Sea Lion - here’s hoping.

Congrats to holders here. I’ve been sceptical on BOR and still am to be honest but the share price rise is good to see. Seems like the excitement is starting to return to FI oil & gas companies after a long 15 years.

All coming together now isn’t it.

Well other than FID, this is the moment we’ve been waiting for. The precursor to Sea Lion sanction is complete.

Tick follows tock. Let’s hope everything finally falls into place now for the Falkland Islands oil bonanza.

I’m pretty sure it was Synchrouk (for those who remember him) who coined “OMG, it’s full of stars” along with “meep meep”.

Yes buzz but the very reason Navitas have switched to the senior debt route rather than bonds is because they’ve been given very strong indications that finance can be secured that way.

Of course nothing is certain until it’s signed, sealed and delivered but the project economics are strong and Shenandoah coming on stream is undoubtedly a major milestone to unlock Sea Lion from Navitas’ perspective (even though the banks are assessing Sea Lion as a standalone project).

I think this news is extremely encouraging from Rockhopper’s perspective. Also 100k bopd by Q3 is better than Navitas outlined in their latest presentation (where 100k bopd wasn’t achieved until 2026) so it does feel like the stars are aligning.

There aren’t many oil fields in the world that have ever produced 100k bopd from a single well. This has always been about 4 to begin with and more added later.

Well that’s excellent news to end the week.

Another piece of the jigsaw in place.

I think they’ve had a few people on board for a while who are based north of the border including (although not limited to) Tom Campbell, Charles Taylor and Jeff Dawson.

Tick follows tock.

I guess we are seeing buyers coming in now looking beyond FID and towards first oil.

Industry news travels and people know what’s happening behind the scenes, even when it isn’t in the public domain.

The institutions will come in post-FID or possibly even post first oil. They aren’t gamblers in general.

I doubt it. I think they are just being much more proactive in marketing what they’ve got nowadays, and rightly so.

Yes Sam said $20-25m per well but they aren’t raising money for exploration as part of the FID package so that would need to be done in addition at a later stage (or a farm out to fund it).