Member Info for Simonsez

I believe anyone can attend. Proof of shareholding is to be able to vote.

In the old days, that was a show of hands. Now you are given a form if your shareholding is verified.

I don’t think there’s anything to bet on.

FID is going to be announced this year, otherwise it would already have been postponed.

We’re no better than the kids in the back of the car, incessantly asking ‘Are we nearly there?’.

The answer is ‘Yes sweetie, just be patient and watch another episode of Peppa Pig “.

Don’t be distracted by the vermin , except if the sp drops, use the opportunity to top up with a few more, which will also entitle you to a few more OO shares at 53p just after FID.

For those of you who have been invested in RKH as long as I have, I agree that SL FID seems almost surreal, but if you have done your research and you believe in yourself, then please hang on for only another 3 weeks. That may seem a long wait, but nothing like the 15 years (or more) some of us have already served.

Think of what a Peppa Pig expert you can become in 3 weeks.

FFS, how many times do we have to remind ourselves that Sam Moody said that FID will be announced towards the end of the year?

Yes, November is the penultimate month, but December is nearer to the end of the year, so I reckon December it’ll be.

Sorry CitizenTS, that comment was intended for you and not burnwell

Burnwell, my antennae suggest that Happy is some sort of fund manager/financial manager and knows very well what’s going on and IS a greedy, nasty piece of work.

As we read Ditherer’s posts, don’t forget we have been expecting M-D, Happy, etc. to return under some other guise before too long.

He just can’t keep quiet for very long.

How many times does what Sam said ages ago have to be repeated:

‘Don’t be disappointed if FID isn’t announced in October. It will be announced later in the year’.

The important things being the use of ‘will’ (I.e. not ‘might’) and it will be this year.

Sam rarely speaks so definitely about such matters.so just relax and be pleased you got aboard before the rush.

While unlikely, in the current crazy world, I would not dismiss it as ZERO chance.

There are some points supporting this suggestion.

Santos, another ‘retirement’ possibility is that he was sacked for gross incompetence, which is how he appears to me.

Put a sock in it Sad Case.

At the RKH AGM Sam even mentioned this topic and confirmed that for Navitas $50 would still be very profitable and as others have said, Navitas aren’t deflected by today’s oil price. They’re interested in what it’s likely to be when they’re producing.

Go and annoy the other children.

Correct D-C, except what I post makes very good sense, based on very good information

"Where (who/when ) did you hear that ?"

D-C, if I were to post that here, my source wouldn't tell me anything else again.

I may be wrong, but from what I am hearing, there is no prospect of FID being announced this month, and possibly not even in October either.

I understand there is a lot of detail to complete to satisfy FID conditions.

The most important thing is for work to continue in the background. There is no evidence of work being suspended in any area.

But don't expect any FID announcement until everything is done to Navitas satisfaction.

A good indicator is how Shenandoah was handled. Navitas probably would have liked it to be producing earlier, but they didn't rush, making sure everything was 100% right first. An error would have been more than their reputation is worth.

Same here with Sea Lion, absolutely no room for mistakes.

Therefore, stay calm and patient and be prepared to wait a bit longer than you would like for FID.

“Any idea when FID happens please?”

The official answer is in H2 2025, which leaves about 3 and a half months.

The rumours are rather later in 2025 than some may be hoping (e.g. October).

LTT, I’m not suggesting RKH should just give away 5% of SL and I’m sure that as things are, SAM wouldn’t even consider it.

BUT, it is possible that RKH might be offered a worthwhile incentive to give up, say, 5% of ONLY SL and nothing more, for something worthwhile as things progress in the FI. Perhaps shareholders should start to contemplate this as a possibility, which they would be very likely be asked to vote about, rather than just saying ‘NO’.

I still keep coming back to the idea that trashing FBS and FIC is some sort of scam to devalue FIC to the point that a greedy predator could try and acquire a seriously devalued FIH Group for next-to-nothing, sell-off Momart and PHFC for their NAV.

The predator will then own a supposedly valueless FIC with all its Falkland Island land and other assets just as Navitas announces Sea Lion Final Investment Decision (FID) later this year and 'Bingo', they are sitting on land worth vast sums with permission to develop for the new oil infrastructure, plus all the rest, just as happened in Dubai.

The collapse of all the FIC businesses (https://www.fihplc.com/company-profile/falkland-islands-company.php) won't matter against the monumental value of the land and other assets in what could become the World's greatest new oil and gas region.

I think this needs to be called-out before it becomes reality.

Cannygirl - what to do about it?

Certainly some probing question's from shareholders to the BoD.

Ralphybabes, hope you're enjoying a good holiday break and I genuinely wish you all the best for 2025.

You and I haven't always agreed and that's possibly because we've been looking at the same things in different ways with different objectives.

Whatever, you've often been right and I've been over optimistic at times, but I'm absolutely dead certain SL is now going to take off.

The Islanders may not want to exploit all the FI's reserves, effectively turning their beautiful homeland into a potential Dubai-on-Steroids (apart from the climate, of course), but if one becomes THAT wealthy, you can probably enjoy the South Atlantic in absolute comfort and not care.

Also, World demand for oil and gas may well diminish, or even collapse, but I still believe that, for the time being, the actuaries have got their sums wrong and renewables are not going to displace fossil fuels as quickly as many would like.

Also, I'm starting to think that the EV revolution isn't the right/best solution, as we are starting to see and understand the very many problems EVs are creating, which fossil don't, except from the considerable pollution issues. But even EVs aren't pollution-free, as some would like us to believe.

However, regarding the 40p/share matter, that was suggested by some as a generous takeover valuation for RKH, not the sp you would be prepared to sell your shares at.

If you're happy with 40p, don't let me spoil your party, but as a takeover valuation for RKH, that's a COMPLETELY different story and I would see that already as being multiples of 40p, once OM €65M is confirmed and Navitas has announced FID (perhaps including sanction at the same time).

Anyway, hoping all goes well for you in 2025, and your postings are a good balance to my optimism.

The story I've been hearing is of such monumental management incompetence at FIC, that shareholders should be demanding answers from Stuart Munro - what the hell's going on and didn't you know about it? If not why not and if you did, then what sort of 'CEO' do you call yourself? What on earth have you been doing while the FBS wheels have been falling off in Port Stanley?

Thinking about it a lot, one would hope we have a competent CEO in Stuart Munro and his BoD, so could there be another explanation?

The only one I can come up with at the moment is this is a deliberate act of sabotage to provoke a takeover bid for FIH Group, which is a rather mad scenario to contemplate.

I can only conclude, at the moment, that we have some seriously incompetent people running this company, just as the Sea Lion project is about to take off.

I will be asking Munro for an explanation and it had better be good and credible.

Atfabricationsbt, when these are at, say, £2 you may have an oil share aversion conversion.

Merry Christmas to most of you !!!