Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
https://en.mercopress.com/2023/03/03/falkland-islands-responds-to-argentina-s-decision-to-end-the-foradori-duncan-pact
Discussions on our sovereignty are non-negotiable. 10 years ago, Falkland Islanders voted overwhelmingly (99.8%) to remain as a British Overseas Territory and that feeling has not changed. We are a distinct and democratic society and Falkland Islanders showed the world again in 2022, during our 40th Anniversary how eternally grateful we are to the United Kingdom for coming to our aid during 1982 and how we remain committed to being part of the UK family, living in freedom under the government of our choice.”
Do one basically!!
the Legislative Assembly are disappointed to hear of Argentina’s decision to put an end to the “Foradori-Duncan Pact” of 2016. This pact looked at improving relations on trade and security between the UK and Argentina but it also ensured the agreement to identify the remains of the unknown Argentine soldiers buried near Darwin.
The Falkland Islands have supported two humanitarian projects where at least 115 soldiers have been identified and brought comfort to their families in Argentina.
Chair of the Legislative Assembly, MLA Leona Roberts said: “It is very disappointing that Argentina have made this decision but it is not unusual. Living in the Falkland Islands we are unfortunately very accustomed to Argentina reneging on their agreements. We supported humanitarian work related to Argentine war dead and have continued to behave as the responsible and compassionate party. Despite this, the current Argentine Government would not engage in conversations to support ocean health in the South West Atlantic or in work to remove their illegally imposed economic sanctions that restrict the freedoms of the people of the Falkland Islands as had been agreed. We are saddened that all the hard work we have done since 2016 will be yet another example of Argentina not being adult enough to speak to our country on issues that will also support their development and are of regional and global importance.”
“Discussions on our sovereignty are non-negotiable.
''If whoever it was really did say first oil by 2026'' - Ovets
To be pedantic Ovets it was written 'in 2026', which is nearly four years, although I agree with you, Navitas would need to get their skates on PDQ for that deadline!
Don't take it personally MD, you got 40 tick ups!!! Besides, forums are here to test everyones opinions and veracity.
This may be a repeat but it seems the whole provenance thread about MD's post, was just deleted when I posted my post. Fortunately I had a copy and will repost, apologies if the other thread reappears.
I welcomed the post, or copied post?? from Market Dealer. I don't know the validity of the contents however looking back at MD's posts he does not have the history of a poster that would make this up.
I'm always impressed when posters advertise their positions like shorting, rather than a poster who says I bought at the very bottom and sold 'last week' at the top for a super trade, 'aint I great' !
MD has at times posted open short positions, which indicates a more honest poster I feel.
Also posting a false write up story of a well attended meeting runs the foolish real risk of another attendee calling it out as lies. For now I'm inclined to believe the post is an honest opinion of someone who did attend. It fits in with what we know-
Navitas have for several years shown total commitment to taking on the SL project.
They took a much bigger slice when the opportunity arose.
Were happy to be operator.
Have moved their Deputy CEO to full time manage Seal Lion.
Agree to pretty much fund Rock to first oil.
Rockhopper's market cap at £60million is both a joke, and a massive opportunity. It's logical to believe, given the above that the Falklands oil province is highly likely to happen.
Also Italy one way or another are also highly likely to eventually pay Rock Euro200m. The one annoyance is that Navitas are incredibly poor at releasing progress information. They don't feel that pressure unlike what UK listed companies do.
Despite that, I feel very comfortable holding onto might Rock shares, and baring an event we haven't foreseen, then I expect a significant increase in the share price over the next few years.
I welcomed the post, or copied post?? from Market Dealer. I don't know the validity of the contents however looking back at MD's posts he does not have the history of a poster that would make this up.
I'm always impressed when posters advertise their positions like shorting, rather than a poster who says I bought at the very bottom and sold 'last week' at the top for a super trade, 'aint I great' !
MD has at times posted open short positions, which indicates a more honest poster I feel.
Also posting a false write up story of a well attended meeting runs the foolish real risk of another attendee calling it out as lies. For now I'm inclined to believe the post is an honest opinion of someone who did attend. It fits in with what we know-
Navitas have for several years shown total commitment to taking on the SL project.
They took a much bigger slice when the opportunity arose.
Were happy to be operator.
Have moved their Deputy CEO to full time manage Seal Lion.
Agree to pretty much fund Rock to first oil.
Rockhopper's market cap at £60million is both a joke, and a massive opportunity. It's logical to believe, given the above that the Falklands oil province is highly likely to happen.
Also Italy one way or another are also highly likely to eventually pay Rock Euro200m. The one annoyance is that Navitas are incredibly poor at releasing progress information. They don't feel that pressure unlike what UK listed companies do.
Despite that, I feel very comfortable holding onto might Rock shares, and baring an event we haven't foreseen, then I expect a significant increase in the share price over the next few years.
Very informative, encouraging and useful.
Thank Market Dealer.
Yep, ICSID bang on schedule, currently an update every 7 days !
''why isn't rkh competing for argos resources?''
I feel Rock has enough on it's plate for one,
and it doesn't have the spare cash to get into a bidding war with others until Italy pay it's debts.
Even buying Desire, which does add much 'future' value,
along with the very costly Premier drilling campaign,
ultimately resulted in shareholders getting diluted recently.
Lets get Sea Lion oil flowing, then perhaps look to aquire the laggards.
That's an excellent find Mogger and just underlines what we all know anyway,
that Navitas are extremely serious about getting SL into production.
This is from Navitas's website
Chanan Wolf
Deputy CEO
Chanan Wolf serves as Navitas Petroleum’s deputy CEO and his key responsibilities include business development and new ventures.
Chanan brings his vast experience in international transaction and business development to the partnership’s executive management team.
https://www.navitaspet.com/chanan-wolf-deputy-ceo-2/
The fact Navitas have moved their Deputy CEO into a 100% focused Seal Lion position,
is a great indication that Rock has a great JV partner, and a rosy future.
Trotting along at break neck speed for ICSID !
October 31, 2022
The Acting Secretary-General registers an application for annulment of the award filed by the Italian Republic and notifies the parties of the provisional stay of enforcement of the award.
December 7, 2022
The ad hoc Committee is constituted in accordance with Article 52(3) of the ICSID Convention. Its members are: Michael Nolan (U.S.), President; Eva Kalnina (Latvian); and Carita Wallgren-Lindholm (Finnish); all members appointed by the Chairman of the Administrative Council.
January 10, 2023
The ad hoc Committee holds a first session by video conference.
January 24, 2023
Italian Republic files a request to continue the stay of enforcement of the award.
January 31, 2023
The ad hoc Committee issues Procedural Order No. 1 concerning procedural matters.
February 7, 2023
Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration file observations on the Italian Republic’s request to continue the stay of enforcement of the award.
February 14, 2023
Italian Republic files a response on Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration Plc’s observations of February 7, 2023.
I always found it strange, that ICSID rules allow the winning arbitration party,
to take legal action to recover the award, before all legal avenues had been exhausted.
Perhaps it's an indication that ICSID feel do not lightly award compensation rulings,
and they trust in their judgements.
It may also be a way that puts pressure on the losing party to settle their debts early,
and not muck ICSID around with straw clutching appeals.
Seems the undemocratic so called rules based EU are recommending a big break in International Law wrt the ECT. Do as we say, not as we do, corrupt hypocrits!! So glad we left.
Guess that makes them pariahs. Think its only for future claims so won't affect Rock.
Rules based organisations my F Eckington A rse!
https://www.euronews.com/my-europe/2023/02/07/in-u-turn-brussels-recommends-eu-wide-exit-from-controversial-energy-charter-treaty
Unlike the initial Arbitration, this appears to be happening at pace.
January 10, 2023
The ad hoc Committee holds a first session by video conference.
January 24, 2023
Italian Republic files a request to continue the stay of enforcement of the award.
January 31, 2023
The ad hoc Committee issues Procedural Order No. 1 concerning procedural matters.
February 7, 2023
Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration file observations on the Italian Republic’s request to continue the stay of enforcement of the award.
' a financing package which could allow FID to be taken at Sea Lion during late 2023 or 2024.'
Could be either 23 or 24, depends on Navitas now, and they are very secretive !
PoO still looking good for the years ahead so very much a question of when, not if, FID will happen.
https://twitter.com/CutMyTaxUK/status/1617882952519782406?t=AKqEhPgFlapnmVJSuSYXiQ&s=19
Probably posted before, however it's good to see the nutty tax hike getting some negative coverage.
Flexibility over future capital allocation retained, including for meaningful acquisitions and
'additional shareholder returns over and above our stated $200 million annual dividend.'
Aisc "was" over $2000 per ounce as
The mining fleet was underperforming
The ore mined wasn't particularly HUMs best grades
And so ozs produced were low.
We know HUM are mining their best grades,
so IF the fleet is performing OK, then the ozs produced will be greater and the Aisc "should" be much lower.
" much slower "
Difficult to say Buffit. On face value it seems slower to make a decision.
However the thrush of the paragraphs seem more towards less likely.
Lets hope its the latter !
Also good to read regarding Stays of Enforcement on P16
Since 2017, ad hoc committees have become
much slower to grant stays. They have decided 38
applications, of which six remain unpublished. Out
of the 32 publicly available decisions, 15 applications
were rejected. Conditional stays were granted in seven
cases and unconditional stays were granted in the
remaining ten cases.
The new, more restrictive trend may be explained by
the fact that certain States now seek annulment and
stay of enforcement as a matter of course and are
finding it increasingly difficult to meet the unchanged
high legal threshold for a stay.
Thanks for the link PaulDrayton