Member Info for SecretBlueprint

Rules for UK listed companies final accounts have changed from 4 to 6 months from year end, so it's 30 June now, not 30 April.

Unless HMG starts nationalising refineries, it is in no position to harvest anything. Tankers loads of crude oil at sea are just a commodity to be sold to the highest bidder and refined at their destination of choice.

The only way to ensure FI oil went to UK refineries would be subsidise the cargoes and that would just put your taxes up. Probably illegal anyway under State Aids rules.

Israeli work week is Sunday to Thursday. So tomorrow has to be the day to say something, surely?

LOL.

Odins

Yes, it's still a big number.

Odins

These 5 tankers a day you mention, only 2 are carrying UJO oil, the other 3 are for the other partners in the JV. So your "profit" calculation ought to be 40% of what you say, surely? Anyway it's a net cash flow calculation, not profit.

Profit has to take into account more than cost per barrel of production. There is depreciation of capital investment, provisions for decommissioning, corporate overheads & corporation tax to consider as well, isn't there?

With thanks to the comedy gold team on ADVFN, opening the file in Office 365 can provide a translation

I have tried to isolate paragraphs using Adobe search for Sea Lion, and copy paste the Hebrew into Google translate but I get a latinised alphabet gibberish result, not an English translation.

Spacehopper

Fine, but what is your explanation for this extraordinary delay?

It does seem to be true that any arbiter, dissenting or supportive of the award, can write a minority report. The final rendition of the award can take 180/240 days from the end of all hearings, which allows for it to be written. Since it was 21 Dec 21 when the jurisdiction issue was settled, we can be confident that RoI is doing just that and there will be silence until August.

OM is no longer on the critical path of FID for Sea Lion, and the definitive agreement with Navitas by 31 March is the key date. Once again I think it will come with a finance package including a placing, not a rights issue or open offer which have uncertain outcomes.

Any placing of reasonable size will be welcolmed by the market IMO, since it will underpin the ability of RKH to partner with Navitas by "kissing with confidence"

I am increasingly taking a view that the OM award will not be given any time soon, for reasons we will never know, and if that is the case, a planned prudent placing will be announced at the same time as a Navitas agreement, to keep the lights on. The placing might be at 5 or 7 pence, but I don’t think it will give a bargain entry price for retail investors, because the tide of exuberance from a deal will wash it away during the opening auction.

I doubt Navitas will walk away at this time, for all the reasons others have posted, so next week might be the week to take a position for the future, not the past.

It seems David Lau has resigned from both companies, and there is a report of disagreement between Smith and the Stevens, so it looks things might be falling apart, and folk finding better things to do than this.

As soon as the first Russian ICBM hits London, our shares will be worthless. On the eve of WW3 you need cash. It's coming. The madman is out of his cage and bent on destruction. He is the devil incarnate.

I really feel sorry for the old Kurd. Inventing trades to satisify an ego on a bulletin board.

With over 25 % of voting rights , they are in a position to control the agenda at an EGM. They want control not averaging down.

That is the first useful, factual and attributable post I have read from Heidi.

Well done, well overdue

This environmental impact statement is longer than War and Peace. No wonder they had a 100 folk on the payroll looking to fill their day.

" It's naive to assume that the whole world wont go up in smoke"

No need to worry about climate change then?

"All is not lost until the fat lady sings"

If I had a tenner for every time I have seen that phrase, I could buy a Bentley

Yep, first sight of Mavis' s orange bollards and them Ruskies will run for the hills