Member Info for Surfit

Hey BDC, fertilizer is a lot bigger to Morocco than what they need to grow domestically.
They have a hugh export market:
https://www.statista.com/statistics/1278057/export-value-fertilizers-worldwide-by-country/#:~:text=In%202020%2C%20Russia%20was%20the,5.2%20billion%20U.S.%20dollars%2C%20respectively.
So any restrictions on gas supply (Algeria) could have a significant affect to that industry for the country.
Rgds Sft

I know there was previous information regarding the intent to hedge a % of Tolmount gas production but as it was such a long time ago, I can not remember where (RNS) and for what (%).
That sort of information would be considered beneficial to share holders. Let's hope that signed contract was not binding....as if it was that could be a very painful hedge at current prices.
I still belive that HBR should be due some recompense from their responsible Tolmount partners on this delay debacle also.
Maybe the above 2 factors and they want to be sure of production levels are factors on why there is no announcement (Or RNS).
Rgds Sft

Okayyyy.....I have stated I have exited from RKH, with my gas bet in Morocco BUT Sunak's recent threat on a windfall tax unless the UK oil companies invest in uk energy security MUST boost invest opportunities for Navitas/RKH .."if we do not see that type of investment comming forward, if companies are not going to invest in our energy security, of course that is something I will look at....."
Telegraph business section today.
If Navitas gave out a positive RNS out width of RKH...it could be the shot in the arm the SP needs....and I have stuffed up.
GLA
Rgds Sft

I think what it also demonstrates is that the BoD's are running requirements for the project in tandem, as they should be, to move development forward at a good pace.
Rgds Sft

Re re Malky interviews: AA was probably telling the ii's the same positive bull with no downside and they also believed it?
Rgds Sft

Re "Subsea7" was 2013
https://www.energyvoice.com/oilandgas/38536/subsea-7-hit-by-brazilian-project-losses/
Time moves too quickly!
Rgds Sft

Contary, I I very much agree with your synopsis.
I have said it in previous post AA has imo shot himself in the foot with his interviews with Malky (not that the serious ii pay attention) in that in not one of those interviews did AA give a down side to any potential. His quote was a "million a day" and we end up with a recorded loss and him trying to introduce a "incentive scheme" that obviously benefits him.
The ii's ( as the RNS reveals) were not happy, along with us (that do not count).
As before he played a blinder deal find with Total.
But the shine is definitely well tarnished on a disastrous geo analysis pre commitment to drilling. So trust has be significantly lost. There is a BIG pause now on AA and the team because of the two.
In all fairness its a bit harsh but imo well deserved, the sp climbed on belief, and the two afore mentioned busted that. Hopefully the young gun has learnt that success in OnG is not guaranteed.
I remember back in 2007ish Subsea7 lost $270mil I Brazil in one year. No one got sacked...that's management for you.
Will AA say "stuff them I am creating them wealth" or learn????? Time will tell.
I bet you won't have another Malky interview for a while. Grow up, time.
Rgds Sft

All I can say is: us LTH's were debating this a year ago.
Now it's official 120 days plus.
100k shares left (off loaded 350k at Ave 8.5p with my Ave at 15p)
Overts, Much, Mog I wish I had taken the loss earlier on the finds I have had and have now (still risky).
I see nothing comming up to bring this to 20p.
Chariot lads...Gas, read the RNS's like Kistos (plateaud) the director has lots of his own money in.
We have spent too long hoping a man that has not invested in his own company run the show.
This is not a helpful post for me to remove my last 100k. Reinvest to re coupe. You have time to make your money back....then come back in....I ask you which part of the field do you want the can to land in and in really what time frame will it occur?..really how long?
After that RNS...gents....really.
Chariot....I really believe. Read all the RNS'S
Respectfully Sft

I could say it's been a monumental waste of time, the amount of wasted speculations and posts.....but have lot a heck of a lot, whether I have lost a heck of a lot is now down to one other speculation.
Best of luck to you remaining LTH's that have been thoughtful and polite, hopefully most of you left way before me.
Sft

Well gents I joined the great game in 2016, since then I have been averaging down by using the profits I have made in other investments or selling (taking the hit) and buying back in.
Today I have completed an offload at a 43% loss of 350k of my 450k share holding.
If I had exited 2yrs ago, 1 yr ago, 6 months ago and even a month ago I would have regained my Total losses within 2 other investments.
Why have I exited now, well its because yes its a signed contract but we have nothing, absolutely nothing positive from the signing: No assurance of project financing, how long will it take for Navitas the new operator to come up with a rework of FEED, regarding FEED how are the contractor financing (not just finding and FPSO) going to pan out now all subcontractors are busy ONLY then they can go for financing, then possibley FID, then maybe sanction.
During that RKH has no CFO, Moody has to pay extra "advisors" at raising more funds...of course OM could come in..but when is it going to get paid? Really folks????
Godders drop the lot, buy Chariot. You may get your money back.. me I am done. Will leave 100k shares just for a near term positive OM arbitration announcement.
DONE.
Rgds Sft

Sold quite a few more "other" shares and added further here.
SP held really steady, surprisingly.
Quite a good few Buys vs Sells (status of trades obviously not confirmed)
But still looks good:
# of Trades 416
Vol Sold 2,599,971
Vol Bought 4,059,233
Rgds Sft

Ahhhhhh a disingenuous apology, hardley a suprise. Where are my doggy treats, back to puppy training:
You pretend your talking to your "friend" Jeff but really your just looking for air time. Please get a room together and spare this board your drivel. As for intellect, well you sell yours and your real demeanour by your own words.
Rgds Sft

That's okay Rookie, apologies accepted.
Kind rgds Sft

Could TotalEnergies be a better partner in the region?

https://www.africalogisticsmagazine.com/?q=en/content/totalenergies-morocco-expands-its-footprint
Rgds Sft

If your quoting the big short: there were a very few unique, highly bright individuals that had done the indepth analysis.
Which one do you see your self as: Ben Rickert (based on Ben Hockett, my bet) or Michael Burry, both long term professionals.
So I take it your going like them and are betting big on a collapse, and HBR is (as your giving such a lot of free advice on here) also a significant part of your own big short?
How big have you gone, shorted all your savings?
Best Rgds Sft

Hey LaticsR, you have been here long enough to know anything Tranny says is irrelevant. Just look at his posting history. All fillers, not one killer.
Kind rgds Sft

North Sea-focused Ithaca Energy, owned by Israeli Delek Group, has reached an agreement to acquire Siccar Point Energy, the operator of the Cambo oil project off the UK, for a price tag of nearly $1.5 billion. This is Ithaca’s second expansion of the North Sea portfolio in a little over one month.....
.........The consideration of the agreement includes an upfront payment of $1.1 billion and a series of contingent payments totalling a maximum of $360 million with $300 million linked to future developments and $60 million linked to short term realised commodity prices. The Siccar Point team and the operatorship of key UK assets will transfer to Ithaca on closing......."
https://www.offshore-energy.biz/ithaca-energy-gains-access-to-two-of-the-largest-undeveloped-discoveries-in-uk-north-sea/?utm_source=offshoreenergytoday&utm_medium=email&utm_campaign=newsletter_2022-04-08

Rgds Sft

All a bit strange on Kistos trading today, ISA day will not be affecting the ii's, but a definite pause.
# of Trades 159
Vol Sold 212,295
Vol Bought 73,702
Find it strange there is not further movement into Gas companies.
Note a 3.5% rise from 4th of Jan to date. So something has IMO affected things.
Kistos is making significant cash, steady production but the investment seems to have topped out, some.
Reserves in part were addressed, after the water well, by the purchase into the greater Laggan area. With instant (and retrospective) and very significant cash flow benefits.
Which way will AA and team go:
1. Continue with Third party bypass and new well: probably not the returns now. Pending details on
2. Expansion on greater Laggan: Exploration results conformations required, numbers will have to add up and Total will need to actually want to as they have higher operating costs.
3. Another Gas purchase when everything will be at a premium
4. A suprise investment into renewables, Co2 storage or Hydrogen?
Wonder if AA will be giving Malky another chat or has the ii feedback from incentives, wet well, poor forward disclosure on loss production dates, and any further ew bad news made him a bit shy?
Can not be that bad, the Laggan move on its own was a blinder at these prices. It has to be really really busy in the office, something further and interesting on its way?
Pure speculations tried to put forward both pros and cons.
Rgds Sft

Hey Owls well I have just done the opposite, that's me fully exited today. So with a bit of luck it should start screaming up and I will look across from the other street with envy.
Best of luck folks.
Rgds Sft

I placed a Bed and ISA this morning with my platform. 2020 took 16 days to implement and 2022 took 12. My concern is that these platforms are selling holding, then trading to making returns for themselves???
If its not done promptly this year then (next year, I said this last year...doh) I will sell, transfer cash (takes a day) then buy myself...the only saving I can see using platforms process is the a single saving on the sell transfer.
Anyone with similar experiences.
PS really good news on today's RNS, could all this ISA action be affecting the SP?
Rgds Sft