Member Info for ralph2010

"There is the huge basin wide upside" - I think this is exactly why they have the funding arrangement they have got, 65% of a whole basin, with shenny now looking a success, they are chomping at the bit. The Israelis know what they have here, courtesy of weak and cowardly UK governance, so much so, that the UK Gov disgust me. I think at this moment, they may not want a partner for SL. Isobel is where I think a farm in will happen. If RKH is still around then, it could be £5-£6 SP with an appraised Isobel.

I think probably sideways for a while, as we move into September, things should start to get hot again, imho.

I think it was already stated that new Israeli funders have participated in this. It could possibly end up like you say. But it just goes to show how our useless UK governments have failed, they should have funded this and it would have been pumping years ago with a tidy return.

Tom - Look at the P & E ratio of Tesla. It's not just about SL, it's a minnow with 35% of a whole basin with multiple targets drilled and more to be found.

Space - It's more than I thought they were going to take, but bankers would inevitably take some of the cream. I wonder if there is enough for RKH's share of a hole or two in Isobel before SL production drilling?

What a Divi! It's almost sad, how can someone get everything so wrong? It's every call he has ever made. At least rippers will be here later, having sold on Friday and bought back in at 08:15 this morning

I hope for £3 before 5 years.

it's been down for 2 hours divi and is rapidly climbing. knicker wetter's like you with trump tariffs sold out this morning. so in the drop, you're seeing a reflection of yourself, ******s selling out.

It we get diluted it means FID a green light. Back to 70p

Placing Structure

Total raise: Up to US$140 million via:

Firm Placing:

162,813,189 new shares + 40,703,294 warrants

Approx. US$115 million

Conditional on Final Investment Decision (FID) for Phase 1.

Conditional Placing:

35,394,165 new shares + 8,848,539 warrants

Approx. US$25 million

Conditional on shareholder approval at a General Meeting and FID.

Warrants:

1 warrant per 4 new shares

Strike Price: 80p

Exercise period: 4 years from admission

Issue Price: 53p (13.3% discount to 30-day VWAP of 61.14p)

Funds held in Escrow until FID; returned with interest if FID not achieved by 31 March 2026.

My god PaulD , what a trip down memory lane ! You couldn't lose getting into the small cap explorers back then ! What time it was, until it wasn't !Nautical was another I put speculative £5k in and did very well when they got took over 6 weeks later, lol ! Xcite, I missed the top, but it did go like RKH, like a rocket and I made another multi bagger ! Yep, nearly all are dead now, mind blowing to think back to how easy it was then.

I am thinking of the funding, its about the cheapest they can get, a main big player bank and "Israeli banks and institutions expected to participate". Why the cheaper funding, why a big bank taking the helm ? Its 65% of not just Sea Lion but most of a basin ! This is juicy for the big bank that doesn't have to cough up the $1billion in the 1st place, it also has some keen and well funded Israeli banks in its circle too ! As Alma explained, a revolving credit facility is all they need, by the time the total of $1.4 billion is spent in 3+ years, the field will be coming online and Nav would have had 3+ years of production from Shenny. The upside here is huge and overall doesnt look too risky.

I cant help but be very intrigued as to how he is going to handle this. He is seemingly very proud of his Jewish roots and has already given some assurances it seems of no toys out of the pram and banning companies etc. He is also a fan of Thatcher, even labeling her "Inspirational" and has read her biography's and is following at least some of her economic policy's to great success so far. It leads me to suspect he sees the Argentina claim to Islands as the complete BS that they are. But, how is going to sell this to his people ? Could he get some Argentine companies involved and say Argentina can benefit from this, but still not give up their peaceful claim etc etc. Could he end up endorsing this and encouraging big players ?

Xcite ! I did pretty well off them; I sold at about 250p from 61p before they bombed. It looked like RKH was heading the same way.

🧾 Regulatory & Financial Progress

Framework Agreement approved by the Falkland Islands Government (FIG) for the project.

Environmental Impact Statement (EIS) approved.

Fiscal and pricing stability agreements are nearing final stages.

Financing structure being led by an international bank:

Expected to include $1 billion in senior debt

Syndication in progress

Israeli banks and institutions expected to participate

Key supplier and contractor agreements:

FPSO upgrade and lease agreement

Long lead item contracts

Drilling contractor agreements

Marine services contracts

🛠️ Development Plan Highlights

FPSO Vessel: The chosen floating production vessel is named Aoka Mizu.

The project includes:

Drilling of 11 wells in Phase 1

Up to 64 additional wells in later stages (five phases total)

The full field development plan is already in place and includes the FPSO and subsea infrastructure.

It gives options for Navitas, they could fund it other ways now. If that subsea7 contract is for RKH then that is another hint of positive movement, Navitas starting to build relationships and partnerships and economies of scale start to come into it and knowledge gained. A successful cutting edge 20000psi field under their belts and now the much simpler SL. The lift cost of SL and the current progress I think now would be a possible window for a partner(s) to join the FI basin as it takes off.

Supra and rolf - That's not what I meant, the Caribbean sticks with the south Americans was my point, not that they were all colonized. Yet they (Caribbean) still has the UK-Caribbean Infrastructure Fund that has invested £350 million of the UKs money, then vote against the FI and anything against the UK in most forums. They despise us from the Caribbean to Argentina.

African countries are among the most volatile and can undergo significant changes, including coups etc. I think most of it is the misguided Caribbean and South American countries holding the colonial grudge against Britain; a lot just very much hate us in that part of the world. It's just a fact. Especially over the last 10 years or so, since it's been open season to target anything white and Western.

It makes RKH and Navs acreage more juicy though doesn't it, a quick route in for suitable $.

Alama - What are the chances someone could come in for Isobel on a farm in and the value of the deal would be staged/incremental on what is proved, if you get me. Like if 500 million b proved we compensate to X, 750 million b another X ?