Member Info for SpaceHoppa

Thanks for posting Pre2rcd, and the translation Mogger.

Did anyone notice that Navitas have released the NASI estimates of the unrisked contingent resources and cash flow, as of December 31, 2023? About half way down is in English. One for the techies I feel !

https://mayafiles.tase.co.il/rpdf/1570001-1571000/P1570891-00.pdf

Beverly 1

Beverly 2

Casper South 2

Hector 1

Hector 2

Hector 3 East

Hector 3 West

Ninky 1

Ninky 3

Pre-Zebedee East

Pre-Zebedee West

Zebedee East

As always from Mogger, a v.useful find !

Just more weight in my mind at least, to the view FID is unofficially a done deal in Navitas's mind, except for the the big nitty-gritty of finance and possibly an additional JV partner.

BlooBird, the previous poster may have answered you already, but I have then filter. If they didn't then as a HL account holder, I can say I never have to input a 5 digit voice call number. It must be a new thing, or the way you have your security set up??

Promoting

1. support or actively encourage (a cause, venture, etc.); further the progress of.

Certainly TheChessMaster, FID is not officially done, however I'm just musing that together with Navitas's actions and financial commitment, one could rose tintedly read the word 'promoting' as them indicating its going to happen once the ducks are lined up.

Ducks could indeed mean another partner or two, as well as the finance package.

From Navitas website,

https://navitaspet.com/project/the-sea-lion-field/

'Navitas Petroleum is promoting a development plan for the project and a financing package.'

''promoting'' sounds like FID is a done deal. so as long as financing is obtained.

However it is all too easy to read too much into things.

Blooming heck, not a ''bad'' price for HUM that .........

Anon, I should have worded that better, it was not a price for HUM that CIG paid 11.2pence, and now in hindsight it was a great price. HUM needed the money, and I guess CIG wanted a bigger slice of the 100,000 oz per year from Kouroussa.

Both got what they wanted.

Back in early Dec, 11.2pence was not a bad price for CIG if you consider Kouroussa is about to deliver 100,000 oz per year,

for many years. HUM really needed the money so Dan did well to get them committed to such a large placing. Well done HUM. Also given the fuel issues it was a timely raise as well, HUM got lucky the fire wasn't in Nov pre placing !

Now with the reported lack of fuel in Guinea, and probably lack of mining at Kouroussa, 11.2p looks a great price, as the share price is could dip, unless HUM have found a lot of fuel hanging around somewhere.

Nothing to get too excited about, as Rock have monetised the award once FIG approval granted, but another snippet of the process completed.

January 12, 2024 -

Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration Plc file a rejoinder on annulment.

Probably those shareholders who have them in the much talked about 'bottom draw'. Lol

Seriously though, Rock had $6.7m in the bank mid year 2023. This extra £5m/$6m means Rock are not financially stressed. Add in the net minimum of Eur 15m from selling the OM award once FIG have signed off, perhaps over Eur 100m, and Rock last hurdle is waiting on Navitas's firing the starting gun to first oil 2026/2027.

'' At 30 June 2023, the Group had 53.9 million unexercised 9 pence warrants in issue, with an expiry date of 31 December 2023

· Cash and term deposit balance at 30 June 2023 of US$6.7 million''

LTT, logically Rock's SP 'warrants' a higher SP, but

the OM deal is still be be signed of so not yet 100%, I feel 99% likely though.

Winning the award and getting the second OM tranche is not 100%, perhaps a 90% chance of remaining a substantial pay-out. though.

FID is not 100% certain, though I'd say 95% likely though not could be pushed out to 2025.

Once we get those 100%'s, then there is no reason why the SP should not get in to the 20's or 30pence in short order, this year.

I don't.

However I do see it as a vote of confidence that things are weighted towards an increased SP, and perhaps the first flicker of ii interest in Rock which bodes well for 2024.

It has been over 9 months since the last in-depth RNS update of Navitas's significant improvement over PMO's plans.

It was well worth the wait. It would be nice to think another update would come this quarter.

Phase 1 and 2 development concept

o 23 wells

o Phased drilling

o 18 wells in phase 1 with 11 of them pre first oil

o Five additional wells in phase 2, approximately 42 months post first oil

· Total barrels developed: 269 million

· Plateau production rate: 80,000 bbls/d

· Peak rate: 100,000 bbls/d

· Total capex: US$2.2bn

· Phase 1 capex: US$1.8bn

· Pre first oil capex: US$1.3bn

Per barrel cost - life of field

· Capex: US$7.50

· Opex: US$20.10

· Total cost: US$27.60

Added to list

20 r1234

49 Market-Dealer

78 Ovets

30 Fin147

Latest included. Average approx 50p, which would be fantastic if anywhere near that.

132 Stillneedoil

100 Neilius

100 CitizenTS

73 hsbilkhu

60.5 JEBR

60 BuildersBum3

57 longtermthinker

53 buffit

50 Thenorseman

48 jakman444

47 billbadger

40 Silverfoil13

38 Kerching

32 fecm

28 SpaceHoppa

23 passive

22 BlueDefender

15 Latics

13 OscarIndiaLima

10 headder

Well with the latest 2 guesses, and excluding MD, the average is, I feel, a punchy 50pence.

BTW if you're name isn't on the list, its probably because I have you filtered, so ask someone on the list, to post your guesses if you'd like to join in. Will close the list end of January or on significant news, whichever comes first.

#itsJustAbitOfFun

Good to see another £2million in the Rock bank account and the conclusion of the warrants option which helps to remove another variable. 620million shares is not a lot given the amounts of free cash flow SL can shed once into full production, and currently if the plans go as we hope, Rock wont need to dilute any more.

Just waiting on the sign off from FIG as far as I know re selling the OM award, and then it is again a waiting game for Navitas to announce ducks have been lined up for FID in hopefully 12 months. The risk /reward looks better than for a very long time!!

132 Stillneedoil

100 Neilius

100 CitizenTS

60 BuildersBum3

57 longtermthinker

53 buffit

47 billbadger

40 Silverfoil13

32 fecm

28 SpaceHoppa

22 BlueDefender

13 OscarIndiaLima

10 headder

Will do LLT, and will repost the guesses if or once, get significant more.

The range which Rock can achieve this year is, admittedly, quite large and largely dependant on Navitas, which is out of managements control. That said, with the warrants now out of the way bar an announcement, FID scheduled for end 2024 and a clear path to monetising the award, it is hard to see Rock staying at these levels as the year progresses.

I am concerned of a low ball take over though, as the pieces fall into place.

Quite an optimistic bunch of guesses so far, compared to mine. Rock certainly has the potential to 10 bag, but it normally takes a while, and almost invariably longer than we hope.

I guess a decent, however a conservative rise to 27pence

132 Stillneedoil

100 Neilius

100 CitizenTS

100 longtermthinker

53 buffit

47 billbadger

40 Silverfoil13

32 fecm

27 SpaceHoppa

If we logically look at the facts as we know it,

a dedicated experienced operator,

OM settled bar the paperwork and EUR 45 to 100m plus bagged,

Incredibly profitable appraised oil field ready to be developed,

then 2024 should indeed be a very good year for the Rock !!

With that in mind, perhaps next week we can all have a think about year end 24 share price. I will collect those that I can see. Anyone filtered apologies.

HNY