Member Info for ralph2010

I said I would be happy with 40p, it gave me what I had targeted, and that still remains. So all this is a bonus and I just hope it gets the green light.

Markednmbr1 - Agree, Space is ok. I think their was a certain amount of arm behind the back for Sam, lets not forget he does still hold a decent amount of shares himself that he would like to see higher. It is more than I anticipated and I am a bit miffed, but as others have pointed out, it could have been a much lower SP if it wasn't for the Israelis I believe buying into this and forcing it higher anyway. So we got lucky in a way, they actually got less of the company than they could have, ironically because some of their fellow investors backed RKH !

Its not exploration when you are bringing an appraised field online, its development. Although, yes there are risks.

Hope you sold out before 4:30. RNS of doom has just arrived

Sorry guys I meant NPV10 is £1.4bn. Ok Paul, thanks. But still, we have a fair value about now ? I'm not selling Ovets, just taking a bit less dreaming approach now, we all wanted Isobel in this, but really we should grateful we have got this far with SL. We have been getting ahead of ourselves in the last few weeks. Understandable, after years of thinking this was dead, and it shouldn't be with that big juicy oil field !

My understanding was that the report was based on the old share issue. The new 198000 need to be counted in now, surely ? They are as good as on the market now if we get FID. 80-90p on FID and into 2026 would be fair I think.

That's why I think its not going to be fireworks, I was mistaken on my original NAV10 expectations which was explained by a poster last week. Isobel would add the fireworks, but also explained last week, that could be years away. Perhaps if a new partner comes in things could spark. I think we have a fair value at this moment.

Yes, but 150p is nearly Nav10 3 years before Oil is flowing if its gets there on FID. I was thinking about 80p on FID and then slowly rising as Nav did towards the Nav10. Hype is obviously a factor, so who knows, but this might not be the fireworks we were all hoping for ? A slower burn is fine though if you have time.

Is FID is largely priced in? We are at the old £1 level. I can't see much more gains until 2026 and things start to move.

SP is already ~£1 with the new shares taken into account. With a Nav10 of 153p, I am thinking side ways until FID, then a slow trickle up to 1st oil.

My wishful thinking wasn't a development and ties backs etc, a couple of appraisals only.

It appears Nav have gone for a bit more than they need too ? Would be great to stick a couple in Isobel, get that to farmout as SL is being drilled.

💰 Proposed Capital Raise

Methods:

Non-uniform offerings (הצעה לא אחידה) to institutional investors.

Private offerings (הצעה פרטית), either material or non-material.

Potential public shelf prospectus offering (תשקיף מדף).

Scale:

Up to 9,000,000 participation units, total raise of ₪400M–₪1B (~$100M–$270M).

Optional warrants (ratio 1:1) with up to 4-year maturity.

I didnt mean taken out now.

I think will get taken out for £2.50-£3 all things being ok. Wont get the chance to prove up the basin completely. RKH and Nav too small.

35% of Nick ?

BP produces around 300k a day from all its assets in the gulf of Mexico:

BP’s Gulf of Mexico operations are organised around major hubs:

Atlantis Hub

Mad Dog / Argos Hub

Na Kika Hub

Thunder Horse Hub

There are a fair few satellite fields connected too. Fi could product that from 2 hubs and the lift cost is cheaper.

There will be more found.

FFS, what is the point of all this ? He cant backtrack now because you are upset. More than I liked or thought they would go for and too cheap, but I've still done pretty well and there is more.

Steveo - The NAV10 changes after FID, the 2c and 2p etc.

chatgpt:

Sea Lion Field – Example Calculation

Pre-FID NAV₁₀ (post-tax, 2C only):

~US$1.8 billion (Rockhopper’s net share at 10% discount, 255 million barrels, as per June 2025 evaluation).

Post-FID (hypothetical, based on typical sector behaviour):

If 2C resources move to 2P reserves and a slightly lower risk discount is applied,

NAV₁₀ could rise to US$2.2–2.7 billion (Rockhopper’s net share), depending on:

Final reserves number (say, 250–300 million barrels),

Updated project cost estimates,

Oil price outlook,

Financing structure,

Fiscal/tax regime.

Example from sector analogues:

For North Sea/West Africa developments, it’s common to see NAV uplift of 30–50% post-FID, as uncertainty collapses and reserves are recognized.

OscarIndiaLima - Indeed, this is a different beast now compared to the last 15 years and the toxic team up with you know who. I think there must be state backing at play here. Israel want 30 years of Oil supply under their control. They will get that and more !