Member Info for pauldrayton

I’ve seen the screenshots aiminvestors which prove you are the lowest of the low.

Filth.

*Sc*mbag

What a sc*many trying to talk this down on here whilst buying.

This is the second time you’ve been outed.

Hang your head in shame aiminvestors.

Pretty much as bad as expected isn’t it?

https://www.reuters.com/business/energy/uk-increases-windfall-tax-north-sea-oil-gas-producers-2024-10-30/

What is positive about the budget? Looks to be as expected:

https://www.reuters.com/business/energy/uk-increases-windfall-tax-north-sea-oil-gas-producers-2024-10-30/

The new(ish) Borders CEO seems like a bit of a spiv to me. I’d be concerned if I was a shareholder, although I hope I’m wrong.

I think valueseeker is seeking a re-entry!

Nice pullback this morning, it’s healthy.

Should now see a push for 50p in the coming days and weeks.

At least some of the Navitas Sea Lion team appear to be based in their Houston office including the Development Project Manager:

https://www.linkedin.com/in/tstensgaard?

Also possibly this bloke who worked for Noble in the Falklands previously:

https://www.linkedin.com/in/mat-linton-a3035713

Another unrelated titbit from LinkedIn:

“Manage the Subsea Structures packages for Navitas Petroleum for the Sea Lion project offshore of the Falkland Islands in South America.”

https://www.linkedin.com/in/joegomesjr?

As suggested by some on here already, it looks like Aoka Mizu could well be the FPSO that’s been earmarked for Sea Lion (subject to FID etc).

Have a look at this chap’s Key Projects:

- Aako (sic) Mizu FPSO Mooring Design Optimisation for Sea Lion Fields ( Navitas Petroleum )

https://www.linkedin.com/in/vishva-ragunathan?

Ignoring the current share price and market cap which I think is pretty much irrelevant now, just trying to work out what fair value might be in today’s market.

We know that they’ve put a 75-100p value on the DEWA assets but nothing ever trades at fair value at this stage. Let’s take the lower amount of 75p and apply a 75% discount (to increase as it goes through development planning etc), that equates to 18.75p today.

£14.65 for Kertang is unrisked potential post farm out . 22% CoS gives us a value of £3.22 and if we again apply a 75% discount to that (again to increase once well planning & rig booking progresses), that equals a value of 80.50p today.

So I think fair value is about 99.25p in today’s market. Call it £1.

That excludes any cash received as part of a farmout deal.

So I think we are still only at 37.5% of fair value (using some pretty hefty discounts), suggesting this still has some way to run, and possibly even further depending on the farmout deal.

Any thoughts?

Have SEA outlined how much an exploration well at Kertang might cost? I can’t see it in the presentation.

I’m just trying to work out the actual value of a free carry (well costs alone).

Thanks.

Thanks zebbo.

Patience OscarIndiaLima.

Patience

Zebbo is that Canadian dollars? Just asking because you said C$?

“Raving though it is the UK has committed itself in law to Net Zero by 2050”.

The Falkland Islands Government has not. In fact the FIG has committed to “enabling hydrocarbon development”.

The longer they test the better (generally). Don’t want to speak too soon but they don’t waste time on subcommercial discoveries. All about the sand quality.

300p would be a spike.

30p is simply the share price starting to catch up with fundamentals.

I expect profit taking but suspect this has further to run.

Hopefully the ramping will now subside and we can get back to discussing the company.

Interested in people’s thoughts on what a good farm out deal for 2A might look like?

Clearly the 15.75% retention is likely to be a given now. So what would you expect or want SEA to get in return for the % they are letting go?

Free carry (including well test and contingencies) for the planning & drilling of an exploration well?

A commitment to drill within a set timeframe?

A cash element to cover working capital for the foreseeable and avoid dilution of equity?

“Leave it to the professionals” pmsl

The 3 companies you’re pushing on their respecting boards (PRU, RTO & LGEN) have all dropped since you bought and are at or close to 5 year lows.

It’s always helpful having these ignoramuses show up from time to time pretending to know more than everyone else. I wonder what we’d do without you.

You made yourself look foolish when you first arrived here and have continued to do so every time you’ve reappeared Finley.