Member Info for pauldrayton

The trouble is Desperate Divi, you keep getting it wrong. Your price targets do keep rising though - in April it was 30s, in June it was 40s, in September it was 50s and now it’s 60s. It’s like you’re 12 months behind everyone else. Your target for first oil might be 2029 but you’re a year behind the real world.

Desperate Divi, nobody can quote your posts because you were banned as Market-Dealer for abuse. Just as you were banned as Essex, Sparrow, Sparrow Cove, Garbled, Falklandi, FalklandInvestor etc. No doubt Divi will also cease to exist on these boards but you will keep coming back under a different guise like a bad smell. The unflushable t*rd.

Essentially it will start with building the onshore infrastructure before moving onto drilling. We may get more details of when the rig is due to set sail in the Noble rig fleet status report that Mogger mentioned.

If you start at Page 132 this document outlines the various stages and timescales:

https://navitaspet.com/wp-content/uploads/2024/07/Sea-Lion-EIS_FINAL_PUBLIC-CONSULTATION_ISSUE_01072024.pdf

“Credible chat” = “borgo22 making stuff up as usual”.

Sorry borgo but you seem to get everything wrong.

Tincan, I had a conversation with Sam about details of contracts etc and he said they will be led by Navitas so nothing will come from Rockhopper before the operator announces it.

That said, Mogger is correct that the Noble rig fleet status report should be updated at the end of this month so we may see something then.

Also, just like the Aoka Mizu, these things have a habit of becoming a poorly kept secret after a while. Industry insiders will start to hear more than just whispers now that all the contracts will have been formally awarded.

It will be interesting to see which institutions are holding positions once all the shares have been placed. Any institutions that didn’t get a placing allocation will now have to buy on the open market.

Now that the dust is beginning to settle I suspect we will see a gradual rise to triple digits as many people expected to happen at FID.

Nice one BB_hoppa.

I agree with you. There may be some flippers but this is the stage the institutions start to want to get on board, not sell up.

Well spotted EG777 - just testing everyone is still alert!

Well done to all those who managed to get in recently at 70p or just below. 200 million shares placed at 53p today and all available to sell yet the share price has gone up. Perhaps those who took part in the placing don’t want to flip them at all.

The NPV is double today’s share price so I suppose why would they?

Onwards & upwards.

Rumble - a number of contracts were entered into in advance of FID although they may have been contingent on FID happening.

Anyway may I be the first to wish all BOR holders (especially gus0, Phil & Anth) a very merry Christmas. Whilst we may disagree on the likely future here, I do hope all your BOR-related dreams come true next year.

In the meantime best wishes and enjoy the festivities.

198,207,354 new Ordinary Shares placed this morning.

The additional 49,551,833 are warrants which are only placed if and when they are exercised.

They aren’t sells - just the placing shares being issued.

Some of them might get sold, but then again they might not.

You’re wrong gus0. I would be very happy if BOR got a deal and drilled Darwin - I just don’t think they will.

Certainly not any time soon anyway, despite what Harry might be telling you.

The rig contract has been signed (in fact it was signed in September) and no deal has been done with BOR. Neither Navitas or RKH would pay to upgrade it on BOR’s behalf.

Navitas would need to raise more funds to finance any drilling in the SFB and is it worth spending all the money to upgrade the rig too just for a well or two when it’s not required for their development project in the NFB? Highly unlikely in my opinion. Well planning also takes months if not years - if Navitas were going to drill Darwin in advance of Sea Lion then a deal would have been done by now.

The brutal reality, and I know you don’t want to hear it, is that Harry has treated you like an obedient little lapdog who laps up everything he says and repeats it as gospel on here.

The truth is somewhat different.

A fact according to who gus0? Harry?! Don’t make me laugh.

Let’s see when the rig announcements arrive eh.

You really are something gus0.

You’ve been trying to convince people for the past 12 months that Navitas are talking to BOR and are going to share a rig. Your mate Harry said as much in your cosy little chats didn’t he?!

Now you’ve discovered that the likely rig is not equipped to drill Darwin you’re changing the script entirely.

I’m sure most are now starting to see you for who you really are. If not then more fool them.

Harry’s been stringing along his little lapdog for some time now. Let’s see what he has to say about the rig….I’m not surprised he hasn’t told you, it’s a difficult one to spin after all the nonsense he’s been feeding you.

You spout enough sh*t on this board gus0 so there is no need to do it elsewhere as well. If you look through my posts I have explained why I think it’s the Noble Endeavor - a post from LinkedIn that details a chat between DQ Offshore and Charles Taylor of Navitas. It’s not officially confirmed but the source has been correct about everything else.

I wonder how your mate Harry is going to spin that one.

I suspect the opposite is true if Noble Endeavor is officially confirmed as the contracted rig gus0. BOR shareholders might then realise that Darwin is not part of the plan.

It will be interesting to see if we get a bit more ‘official’ detail now that financial close is complete.

That could also have an impact - for example if the Noble Endeavor is officially confirmed as the contracted rig then money might flow from BOR to RKH as shareholders realise that Darwin isn’t part of the plan.