Member Info for Thenorseman

“ The British claim to sovereignty over the Falkland Islands is based on the argument that with the “exception of two months of illegal occupation in 1982”, Britain has “continuously, peacefully and effectively inhabited and administered” the Islands since 1833. It also bases its case on the principle of self-determination, according to which the people of territories such as the Falklands have the right to choose their own future and status. ”

https://lordslibrary.parliament.uk/sovereignty-since-the-ceasefire-the-falklands-40-years-on/

…meanwhile in Norway they continue exploring for more oil :)

https://www.upstreamonline.com/exploration/two-year-drilling-programme-under-way-in-norways-barents-sea/2-1-1728418

FID might slip into (early?) 2025 Zeus Cap seem to think. Don’t care much as getting close now :)

N

«Updated 18 October 2024, 09:58

Navitas Petroleum and Rockhopper Exploration have received the necessary licence extensions from the Falkland Islands government to continue with the development of the large Sea Lion oil project.

Sea Lion is the Falklands' first offshore field development, and contains a sizeable certified gross best estimate resource of 791 million barrels of oil, according to Navitas, the Israeli operator.

Rockhopper said today the Falkland Islands government had agreed to extend all of the company's North and South Falkland basin petroleum production licences such that the licences will now run until the 31 December 2026.

The licences had been due to expire next month, and discussions have been ongoing alongside various other work streams related to the Sea Lion project.

The extensions will "help pave the way for commencement of the funding process for the Sea Lion development, and potential FID in 2025", said the director of research at the UK's Zeus Capital, Daniel Slater.

Rockhopper's chief executive Sam Moody said: "We are pleased to have extended the licences, enabling us to continue progressing our work in the Falkland Islands."

Rockhopper recently outlined that the Falklands government is processing the updated Sea Lion environmental impact statement, while the operator Navitas is trying to secure a financing package for Sea Lion phase one

The $1.2 billion phase one of the development will comprise 11 production wells connected to a leased floating production, storage and offloading vessel via a subsea production system. First phase production of 55,000 barrels per day of oil is targeted»

https://www.upstreamonline.com/field-development/falklands-government-approves-licences-linked-to-major-offshore-project/2-1-1726544

McC

That’s even longer than my 20 years.

Been a hell of a ride as they say.

Think someone mentioned we should gather for a FID party in London if / when announced.

Would be great so see everyone.

Just in case…

N

N

Here another link with the same

https://navitaspet.com/location/south-america/

JEBR

Agree. At least it look like December 2024 was and is the plan for FID so as we have heard of no delay so far game is still on for Xmas present for everyone 😊

N

Scroll down to Sea Lion where it strongly hints at FID in December 2024

https://navitaspet.com/#:~:text=Navitas%27%20experience%20and%20prior%20significant%20investments%20will%20enable,the%20big%20step%20towards%20FID%20in%20December%202024.

Aim

Shouldn’t you be at school now?

N

Thursday Pre!

Would think they are finished offloading by now so onwards and upwards:)

N

«Key challenges…facing IMMINENTLY….whether or not bla bla»

I for one think this means the FIG /MLA now imminently have to approve (or not) the Sea Lion project.

So topped up

N

Looks like the insurer is veeeery confident Italy losing

Zahrab

Maybe one more: Post well analysis indicates that the B sands thicknesses/ distribution / extent are better than feared and that a well in a slightly different location would probably confirm this. Jimmy’s guesstimate just after RNS was around 450bcf (total Anchois) I think so it may not take that much extra sands to get «North of 500bcf» being the minimum required subject to gas price of course.

N

To me looks the same as 8hrs ago (took a screen shot) straight south of Gavina

Tx Surety

N

Surety/Jimmy

Anchors North: was this somehow renamed and is this what we just drilled ie Anchois East (Anchois-3) well?

It had 140/308/492 BCF 1U/2U/3U at 43% so if still up for grabs would be nice if above the water table so to speak :)

Kind regards

N

N

Pages 7-9 you can see how the feeder to Pancons PEL87 super fan continues up into our (10%+) licence 2714B (PEL 67).

The sands look thick all the way to «A’» probably where the PEL87 3D ended and looks to continue 50+ km into our block

Some new 3D on 2714B (PEL67) will certainly be interesting.

https://wcsecure.weblink.com.au/pdf/PCL/02787017.pdf

See Figure 3. The feeder channel from (our 10%+) 2714 to Pancon’s PEL87 block Saturn Superfan Complex looks interesting for my untrained eye. Surely must be some sands on our licence 2714 also?

https://announcements.asx.com.au/asxpdf/20180911/pdf/43y6vj077q55rr.pdf

Gus

Thank you

N

JT

Thank you.

Clutching at straws but wondering if “next STEPS for the project” sounds (a bit) promising? If Energean was considering walking away (or not) they would use ”STEP” I would have thought…?

N

Jimmy was that particular source rock oil or gas mature?

I noticed they have the two giant (together) 13tcf had prospects A01/2 in 2714 north.

N