Member Info for pauldrayton

They ended up giving away more than they stated only a few weeks ago. Shame about the placing too, I was hoping they might be able to avoid that but at least it removes funding uncertainty.

Not the end of the world and a full carry for two wells (subject to a discovery) but I feel it’s a bit of a disappointment this morning.

Let’s see what the market reaction is and what they say at Investor Meet.

They need to find out where the oil-water contact is to determine how deep the mapped sands are filled with oil.

Put simply the Marlon Sump is the deeper sands between the two Isobel wells.

No OWC found at Isobel. If the ‘Marlon Sump’ (yet to be tested) is full of oil then Isobel is bigger than Sea Lion.

Lots to play for and there are many other prospects too.

Rockhopper have previously stated they don’t want to reduce their stake from 35%, although I guess they may have to if push comes to shove.

The issue with a company like Murphy is that they may want to be operator (and maybe Navitas would prefer that too?). So what % stake would a new operator want? Even if they take 35% (same as RKH), that would only leave 30% for Navitas and would they want to hold less than Rockhopper?

I can assure you that BrightSpot/borgo does not know anything you don’t. He’s guessing/speculating, which some people may find fun but please don’t think there is any truth to it.

You will now know for definite that I’m mad because my target is £6. I made a commitment in 2010 that I intend to stick to.

A market cap of almost £4bn.

No problem!

I agree with you MakeSomeMoney.

Wise advice is protect your capital, take profits and “never fall in love with a share”, yet for some reason this has become more than just a standard investment.

Those drilling days were exciting and win or lose it was great fun to be a part of it.

I think for me it’s belief in the North Falkland Basin. I realise the world has turned against hydrocarbons and oil in particular over the past decade but the NFB can, and will, be prolific.

It is my hope that Rockhopper make it to first oil and beyond before being taken out. I’d like to see Isobel in particular appraised in full but there will be so much more as well.

I realise everyone will have their own trading strategies but mine is quite simple now - buy & hold. I’m in for the end game. I’ve effectively written them off so many times anyway and I haven’t waited this long to sell out on an early spike. I first bought at 54p in 2009 which turned out to be a bargain (for a while!). I’m not going to get too excited at 17p given the progress made in recent years - it could push to 20p soon or even drop back to 13p but I don’t really care either way. I’m not selling.

I’m probably mad, but I don’t care. We are finally on the cusp of something enormous and if Navitas can pull this off then I want to be around to see that first drop of oil produced from Sea Lion.

An announcement this side of Christmas with completion at a later date (always happens because they need regulatory approval) is fine by me as long as it’s a decent deal!

Good to hear from you jocko, and I’m sure all the residents will do well if this all takes off.

Hopefully not dormant for much longer OIL.

In August of the same year (2015) the Ombrina Mare EIA was approved - what ever happened to that?!

Yes I was right.

24th April 2015:

“The Operator has decided to move the rig and set conductors at the Chatham & Jayne East locations”

Jayne East was suspended at 541m mdrkb & Chatham at 1388m mdrkb.

They were never drilled as they gave up on Eirik Raude after Isobel re drill.

Was it Jayne East & Chatham that they were supposed to drill but never got round to?

Garbled I think most people here would trust somebody who actually lives in the Falkland Islands more than a fruitcake with a proven record of posting lies.

Were you employed to write the Labour manifesto and Rachel Reeves’ CV?

Stullneedoil, I feel a bit sorry for him really.

The pipsqueak (TCM) got a little aggressive when his lies were exposed, and after a few too many he let out his anger on here.

I think that strange gozzie character got kicked off here a while back after similar drunken outbursts so TCM ought to stay offline next time he’s on the booze.

Looks like a Santa rally is on the cards. If 15p goes there is blue sky above.

Hic

Looks like it’s checkmate.

Didn’t take long for Mogger to reveal your latest fantastical lie TCM! Walter Mitty strikes again.

Time for you to have a lie down.

Decent volume today too.

Sniff of annulment outcome in the air or just a reaction to yesterday’s RNS?

Time will tell.

Who said the share price isn’t rising? Wasn’t it 12.8p a week or so ago?