Member Info for pauldrayton

“ LTT,

I've not known you to be wrong yet..”

Well he confused TopDrive with TopShelf!

EG777 - that’s my guess for FID announcement.

No inside info but a hunch based on Sam’s words at the AGM. I don’t think he’d have said November if FID was going to be delayed until after the elections (which he was well aware of at the time).

So set your alarms for Monday 7am!

Somebody finally got their buy-in price yesterday ;-).

Thanks Ladigue.

I do wonder if that was the final piece of the jigsaw.

I accept the considerations around FIG elections but Sam knew about that at the AGM earlier in the year and still predicted FID in November.

Let’s see.

Isn’t the report correct as of the end or Q3 (ie end of September). Things may have progressed since.

Alma have your memoirs been released yet?

I suspect it was always unlikely that FID would be announced just before or during COP30.

Set your alarm clocks for 7am then!

If delta is correct and Aoka Mizu is off to Dubai in May then FID has to be this month.

No offence intended delta and I’m sure you’re genuine but I suspect you’ll admit your previous predictions for FID dates were a bit ambitious.

I’m sure we all hope you’re right this time!

You might be right about December but it wouldn’t be FIG making an announcement about FID - it’s not their decision to make. Nor would I expect them to make a “we are ready for FID” announcement.

I suspect it’s all down to Navitas and the banks now.

Sam said FID is likely to be in November at the AGM in June. There will have been a reason for him to say that so I suspect he will be right. News possible any time over the next few weeks - 20 trading days left to end of November but it could come any time from Monday.

Indeed NastyNick. I don’t know if it’s different on TASE but I’m pretty certain an EGM would not be required in most circumstances for a FID in the UK.

I suspect it will just come as an announcement.

Working on the subsea production systems.

Project Engineering Manager:

https://www.linkedin.com/in/colin-brown-16778113?

Now that the price of oil has gone up $5 it looks like Navitas have reversed the decision to cancel the project. HappyInvestor should be pleased, although of course the decision on FID changes daily depending on the spot price so don’t take anything for granted yet.

Being offered debt finance is not market sensitive and does not require an RNS. I could ring up Sam today and offer to lend Rockhopper some money - they are not duty bound to report that to the market. They would be duty bound if they signed up to it though, so don’t expect an RNS when the finance offer is secured, expect it when it’s signed.

That point will be concurrent with FID because neither Rockhopper or Navitas require the funds should FID not proceed.

Take RKH at their word - they won’t make further announcements until FID and they are not duty bound to do so either.

I would take RKH at their word - no announcements now until FID.

What about an asset swap for half of Temaris?

The share price reflects a funding discount. That’s why it’s 70p and not £1+. Therein lies the risk/opportunity depending on whether you think it will be secured or not.

From their RNS today:

Prax Upstream owns a 100% interest in the Lancaster oil field, West of Shetland. Lancaster produced an average of 5,900 bopd of oil in H1 2025 via the Bluewater owned and operated Aoka Mizu FPSO. This FPSO has been earmarked for a potential new contract for the Sea Lion project in the Falkland Islands and Lancaster production is not expected beyond Q3 2026. The Lancaster field had 2P reserves of 2.6 mmboe as at 30 June 2025.

Kertang drill slot confirmation.