Member Info for Surfit

The two arbitrators for the OM CSID Case No. ARB/17/14) are
Pierre-Marie Dupuy his last case that was concluded in April 19....and another case has had new arbitrators apointed later....he is 74yrs old
The others have been a bit more active recently:
Charles Poncet last case he was on was concluded 15 Sptember 2020
President (if our case) is Klaus REICHERT last case he was on concluded October 2020

Read into that what you may, but if Dupuy has been ill then....?

Or it could be the others have been busy...but they are free now?
Rgds Sft

And Sam "Sobel" Moody and Stewart have invested xx of their own money into this venture?
They make the mistakes but still reap a whooping pay packet.
Next chance is the 2021 AGM, if the lawyers manage to extract some recompense from one of the miss management investments do you want them looking after the final amount of cash?
Blew the sale cash and have a small percentage of the initial fullt confirmed find left.
Time will tell if Chryasor have the appetite for the SL investment. If they do not no one will.
As before, I belive that if Navitas sign up AFTER the merger SL will be a go. Moody and Stweart are managing an empty office and passangers on someone elses journey now. They have no respect in the industry thats for sure.
GLA
Rgds Sft

SMW, I think he has turned bitter over his losses, might have tried shorting options to recoup....bit late i think....but at + 9% declared shorts still present...you can see some trying the options route. Risky business possibley?
Should have stuck to his "a profit is a profit" but got too drawn in or greedy. He never contributes any thing thoughtful, just dribble and sucks up info.

Question: What I do not know how to calculate is what our 5.x% is likely to be worth. What do we need to know to make an accurate assessment.
Coments /help welcome.

Cheers Rookie & was really impressed with AA and his approach to investors. Jumping straight back into the fray indicates a lot in my mind. Probabley learnt a lot from RR and took the oppertunity to start with a clean slate.
Very interesting if he does not include the new energy factors i.e. renewables or hydrogen in his company articals....this will speak of his direction?: my bet is true to previous
is gas: Total WoS or Shell SnS, neither knowingly up for sale....yet?
Can not find any info on the IPO date
GLA
Rgds Sft

Cheers for that info Duster, did not know that thought he was tied into the company that bought RR over. Will try do some googling on this new venture.
Wish he had stuck with it (RR) though, despite making a good return, he REALLY suprised me with the sale, his last chat with (lets all lie to Malky) was £50 per share ambitions.
Mmmmmm
Rgds Sft

Hey Rooki, the produced water system is at the very end of the very basic offshore extraction/ refining/pressurising process, before the product is stored for shipment (from FPSOs) or sent along pipelines (from platforms) onshore and this produced water is what is put back into the ocean (after treatment). I would not want to drink it but it must meet enviromental disposal criteria and like your taps any hard water will produce scaling.

Note: If you have ever seen the subsea part of platforms /assets a big problem is adhereing marine growth (Mussels, sea anenomes, hydroids, sea weed tube worm etc etc) so the little buggers are not getting poisoned by it thats for sure.

All parts of the prossess have to work to be able to maintain production, hence the shut in.

Rgds Sft

Possibley not a major concern for the actual physical part of equipment reinstatement BUT only because as indicated it was put out.,

ANY fire on an offshore installation is potentially catathrophic and therefore root cause would have to be established prior to reinstating and then restarting the plant and equipment. HSE will be all over it as it will have been recorded under RIDDOR as a dangerous occurance. So understanding reason why and were the fault occured (root cause) have to be fully understood to prevent the potential for reoccurance...this once identified COULD lead onto further equipment (similiar component) system crosschecks and maintanence audits.
Summary: depends how long it takes to find the fault, what caused it to fail and are there any same /similiar on the plant. Bit OPEN ended if its difficult to identify or the quicker if the opposite.

Production is not my field but: The build up may be down to not having the right chemical mix, poor inpection, not taking /analysing samples enough or correctley and this could be due to running the plant above the previous planned for rate. Any installation production lads out there will be able give a more accurate assessment.
Rgds Sft

My guess is they (NewCo) will still sell Zama, the mexicans cannot be trusted long term and too much internal curruption.
Reason says that they will go for SL (hard to sell, FEED worked up and payed for, existing and close realationship with HM GOV and UK OnG, funders to potentially take it all the way, my bet is Navitas are out unless they substantial US backers: As we know the more indebted the Argies get the more they jump up and down about "their" Malvinas.....and their economy is in dire straights.
I also belive that news on what happens with SL will be quick WHEN/IF it does happen, the reasoning is that you would want to move to sanction and development asap and not give the Argies room to ramp up the rhetoric both at home and internationally.
HM Gov FULL and unconditional support for the project is totally essential. What is BoJo/Tory appetite for potential escalation, especially with the recent annoncement regarding future hydrocarbon funding and the real clean energy pressure?
Will SL be just a bit too hot to handle? One thing that is sure IF (big IF) Navitas are allowed to sign after the merger, SL is a done deal. IMO.
GLA
Rgds Sft

Why what were you expecting? Companys can benifit from a vaccine, from a US election etc etc so where does RKH fit in to that? Increase in PoO.?maybe, if only just on sentiment alone. Please remember RKH IS NOT A PRODUCER
You do know our share price has reason to move if:

1. Sam Moody and Stewart are removed: there is a large reduction in out going expense
2. We get notificatiin that we have won the OM case
3. Navitas have secured funding
4. Navitas sign a contract
5. Chryasor confirm they want to develop SL

Note disclaimer: I have only put the potential positive affects in, not the negatives. Godfrey there is news that could make this go down further of course.

So if your looking for free upward SP movements for no reason, you may be disappointed...... again.
Rgds Sft

SK yaaaaaawn

BP? Thought you had sold out or did you keep a few?

Interesting that someone would sell 3millions shares (11:10) just as oil is on the up? A buy would have been more like it.
Seems unlikely they have aquired that amount during the decent?
Still with PoO on the way up our producing assets look good, and Zama and SL secure the future.
Question: Has our SP been set /decided for this take over or is it a variable?
Rgds Sft

Whilst we are waiting, bit of trivia....
When foxes get into the chicken coup:
Following on from Mr Moores documentry and how Mr Gore, supposed ethical CEO's, our own Sam "Sobel" Moody grab /vote in what they want once they get in, I saw David Miliband on the BBC news (working in the US) and wondered what he has been up to? Welllllll it seems he has been heading up the "International Rescue Committee"...the IRC is a charity that has a yearly turn over of £133,425,000 and his salary is around £680,000 pre annum...interesting % and there are another 18 employees registered.
What we can clearly see is that once your in, your in.
"In Sam we (must?) trust" or in other words: "Know thy enemy and know yourself; in a hundred battles, you will........"
GLA
Rgds Sft

https://www.google.co.uk/amp/s/amp.thenationalnews.com/world/europe/david-miliband-slammed-for-salary-of-nearly-1-million-as-charity-boss-1.917061

Biden, will (IMO) curtail further expansion on fracking/shale leave it in the ground (they may /will need it later) and push for investments in what the money people see as the new big cash cow: "renewables"
Higher oil prices buys some furter time for world stability i.e. oil dependent countries to pay off debt and plan for eventual change.
All guess work of course.
Rgds Sft

Gas demand:
Makes for a VERY disconcerting watch: If you like Michael Moore and his previous documentries?

The Human Planet
https://youtu.be/Zk11vI-7czE

Rgds Sft

Makes for a VERY disconcerting watch: If you like Michael Moore and his previous documentries?

https://youtu.be/Zk11vI-7czE

Rgds Sft

Makes for a VERY disconcerting watch: If you like Michael Moore and his previous documentries?

https://youtu.be/Zk11vI-7czE

Rgds Sft

Hi Marunam2
Proof/ conformation of Chryasors intent to proceed on the same terms that PMO/RKH had detailed.
If you were Navitas or their financiers for the SL project would you contact PMO and ask "Any changes from the take over?" Can the present people running PMO confirm the future status, would such a investment be decided by Chryasor without cross checking all detail of FEED, would Chryasor have access to such information before the deal is fully signed over, possibley yes, as part of an aquisition asessement but maybe not enough time to make a FID.
Just my opinion, I have no contract or aqusition experience.
FECM, we might but only for a delay announcement. Again only my opinion.
Hope I am wrong, but thats what seems the most realistic outcome to me?
Rgds Sft

Just to avoid disapointment:
I would not expect to hear ANY new from Chryasor on their intent regarding SL until after the transaction has been completed therefore:
" .......Prospectus for the Transaction is published, which is currently anticipated by the end of 2020. The Transaction is expected to complete by the end of Q1 2021"
With that in mind Navitas would still also be in limbo to, so....I would not expect to hear from them either, how can they raise finance without knowing and and giving the lenders proof???
The only Christamas present is OM but with Covid-19 back in play...Santa may not deliver.
Lets hope for a better 2021 folks.
GLA
Rgds Sft

At least TD is have to sell (13th Oct) his shares at rockbottom prices....well I am assuming he HAS to sell as he is "stepping down"
Change on short tracker with White box Advisors" increasing their short on the 13th Oct to.

Decent sell (UT though) of 120k at the closing bell
Not feeling confident we have fully bottomed out yet. Too late for me will have to ride it out.
Rgds Sft

Hey LTT, one thing Chryasor would/should be wary of is Navitas possibley now wanting to expediate the signing without suffecient funds, but do not think they would make such a rookie error. Could help Navitas drum up the required funding now that they have (potentially) a partner with real intent, if that is Chryasors real intent. Wonder what the protocols for talks and signing such a Navitas and PMO contract are played out during this transition period. Would be good to know the time frame for the reverse take over.
Rgds Sft