Member Info for r1234

Fine, but what is that in terms of a percentage annual emissions?

We only have one planet and we need to look after it, but hyperbole does nobody any good.

"huge contribution to global warming"

Really? would you like to put a figure on that?

But will he remove the threat of sanctions on O&G companies?

Whether FID is this year or next year is out of RKH's control, it's down to Navitas. And seeing how Navitas have been progressing is a breath of fresh air compared to PMO.

I see Canaccord Genuity have reiterated their 37p speculative buy rating today.

Does anyone have any further info regarding Sam's visit?

Does this mean that those assisting in FI hydrocarbons will no longer face sanctions? I suspect the threat of sanctions was what made Harbour Energy pull out.

RKH would need an SP of around 50p to enter the FTSE 250. Quite possible after first oil.

The secret to happiness is really no secret at all. Love your family and count your blessings.

Even the poorest people in this country are better off than 95% of the people in the rest of the world and 100% of people from previous generations. Green eyed envy WILL give you mental health problems. Should you put up with being exploited? No. But you should look at your own situation, not compare yourself to others, wishing things were worse for others won't make them better for you.

Not sure, I think the gold price yesterday was an indication of what will happen when interest rates are finally cut. And they will be.

From the full year results

"2023 DIVIDEND

Stakeholder, and specifically shareholder returns, are central to our Company strategy. We have built a ten-year track record of returning cash to shareholders, based on our policy linked to free cash flow generation before growth investment. Our dividend policy makes firm commitments on capital allocation, meaning shareholder interests are always at the centre of what we do.

Consistent with the Company's commitment to returning cash to shareholders, and recognising 2023 as the final full year of reset of Sukari, the Board proposes a 2023 final dividend, for the year ended 31 December 2023 of 2.0 US cents per share (circa.US$23 million), bringing the proposed total dividend for 2023 to 4 US cents per share (circa.US$46 million):

...

As announced on 9 January 2017, the update to the Company's dividend policy sets a minimum payout level relative to cash flow while considering the financial condition of, and outlook for, the Company. When determining the amount to be paid, the Board will take into consideration the underlying profitability of the Company and significant known or expected funding commitments. Specifically, the Board will aim to approve an annual dividend of at least 30% of the Company's net cash flow after sustaining capital costs and following the payment of profit share due to the government of Egypt."

No mention there of a change in policy. Of course they could change their mind in future.

Some nice AT going through

IIRC they deferred some CAPEX (connection to the electricity grid?) from 2023 until Q1 2024, so the Q1 numbers might not look great, though the average GP should help.

They have doubled their dividend! let's hope Lloyds do the same.

Gold price is flying, CEY not so much, no idea why.

Your video shows first oil in 2028, whereas I believe Navitas are aiming for 2026.

Https://hansard.parliament.uk/Commons/2024-01-22/debates/D1B46B7E-C26E-45F5-94A3-5B0E3493B03E/OffshorePetroleumLicensingBill#contribution-7281A082-89B3-4033-8D63-CA90E12F1964

Alexander Stafford

(Rother Valley) (Con)

My right hon. Friend is making a very powerful point about both energy security and getting those jobs—those British jobs. Recently, I visited the Falkland Islands with a cross-party delegation, and when we met the Falkland Islands Government, they said that they are desperate to unlock the Sea Lion oilfield and to get British workers to operate that field—obviously, the Falkland Islands is a British overseas territory—yet they are being stymied by the UK Treasury, which will not underwrite it. Does my right hon. Friend agree that the next thing we should do is back overseas territories by developing their oilfields, so that we can have good British overseas territories oil and gas in the UK and British jobs in the overseas territories, and support our one big happy Commonwealth and overseas territories family?

Claire Coutinho

My hon. Friend makes an interesting point, and I would be very happy to meet him to discuss it further.

I'll go for 20p

Gold doing well today

The GB News piece, at about 18 minutes in.

https://www.youtube.com/live/dSD_gBdHazA?feature=shared