Member Info for pauldrayton

M-D, we get it you’re wetting yourself about Trump and have sold out.

Let’s see what Navitas do.

Certain people who sold up and said goodbye are certainly unhappy to see the share price rise.

Garbled has spent the past few months ramping BOR whose latest presentation shows a breakeven price of $40/bbl for their development plan compared to $25/bbl for Sea Lion.

Garbled, we all know you’re out.

I thought you’d said goodbye.

A healthy oil price movement after hours too.

Let’s hope that continues - I think it will recover to mid $70s within the next couple of months.

Alma that’s incorrect. The Committee did not allow the EC to make a submission.

You can ask RKH directly who will confirm.

I have it on direct authority from Rockhopper that the ICSID decision on 1st October was NOT to allow the submission request from the European Commission. There have therefore been no more submissions since the hearing and post-hearing briefs (other than costs).

The committee have had all the information they need now for 7 months. I’m not sure why it’s taking so long but it’s definitely not because of the EC’s submission request.

There are no official timescale requirements for ICSID annulment cases prior to those initiated after the 2022 rules came into place, so the decision is not late - it’s just taking a while!

In fairness BOR has shown itself to be a pretty safe haven during market turmoil. Barely budged compared to everything else. Probably helps to have a large proportion of the shares in a small number of hands.

Oil price still $10 down from where it was so it might not hit the previous highs for the time being.

I do think oil will recover fully in time though and hopefully take RKH further north with it.

It was always going to get resolved, and there will be more free trade than before in 90 days.

It’s in nobody’s interests for global trade to grind to a halt and a major global recession.

Even China will be resolved before too long.

Rookie you’ve posted over 8,000 times on these boards - it seems you have plenty of spare time and judging from your posts on HBR you certainly like to push your opinions on others!

I doubt very much whether any decisions are being made today, tomorrow or next week.

Navitas’ priorities are to get Shenandoah on stream and Sea Lion ready for FID. That’s not expected until June which is still a couple of months away. We’ve seen turmoil in the markets for less than a week - of course it’s not ideal for them that the oil price has gone down but it won’t affect their day-to-day activities and the decision on when to push the button on Sea Lion will come later and I suspect the waters will be much clearer in a couple of months. It’s in nobody’s interests for global trade to grind to a halt.

It’s worth noting that Navitas actually got involved in the Falklands when oil prices were roughly where they are now, and with a breakeven of $25/bbl it’s still a very attractive investment case. Much more so than many higher breakeven options elsewhere, so that may be even more attractive to potential partners.

What you’re saying Phil, is you only want to see opinions from those who think it’s a good investment. That’s fine, but it’s not the purpose of a discussion board.

16:30-16:35 - not am obviously!

You do realise that every share is in auction from 8:00-8:05am and 16:30-16-35am don’t you?

Phil I find it bizarre that you & Anth only ever post about other posters and never discuss the company.

Discussion boards are for everyone - those invested and those who aren’t - all (hopefully) to learn from each other.

At some point I might even buy some BOR shares, and you might sell. Neither impacts one’s interest or right to post in the meantime.

I’m intrigued by BOR because I have shares in RKH and have at one time or another held shares in pretty much every FI exploration company after first buying in 2009. There have been times to be bullish and times to be bearish with all those companies, and discussing the prospects on these boards helps to ascertain when those times might be. That’s kind of the point of it - it’s not a haven for perma-bulls to pat each other’s backs and criticise any negativity or anybody who sells. What would be the point in such a forum?

Buffit I actually want BOR to do well and if they shared some costs with Rockhopper and Navitas then I’d be all for it.

I just say it as I see it, and at the moment I don’t see it.

I’d be the first person to congratulate them if they pull it off, but I’m not seeing any signs.

I hadn’t realised BOR’s breakeven cost was $40/bbl.

Not too bad but quite a lot higher than RKH’s $25/bbl.

So no news at all then!

As I said last week when it was announced.

Positive that the investment bank has taken on the farmout with payment on a success-case only, although no mention of the cost should they be successful.

Other than that no news at all.