Member Info for Thenorseman

BB3 I love your numbers and fully agree.

Much like porn…RKH stock will soon be stacked on the top shelf so you will really have to stretch to get hold of them (price wise). :)

N

Godders99

Navitas are up 67% the last 6 months. And 157% over the last 12 months. I don’t think all of that is from progress on Shenandoah only. We know they have made good progress on Sea Lion. Because they have told us.

UK / lse is probably a,,,, hole to be listed on for us oil minnows but it does not help Sam is making sure Rockhopper keep this low profile. Look at Gil and Eco Atlantic: They are actively promoting their assets to investors all over the place even in my lovely Norway.

Just a thought

Kind regards

N

OIL

«Ref your comment "Sam must carry the can". He always does. He always has. He comes up for election every year. He has done well for Rockhopper this year. «

Agree that we could have done a lot worse than Sam. A safe papir of hands so to speak. However I would personally expect quite a bit more when it comes to promoting our assets in the Falklands to investors. We are paying him nearly £400k/year (?) after all and I don’t see much effort on this.

That’s my view anyway.

Kind regards

N

navitas based in israel / tel aviv was started in 2015, 11 years after lazysam started rkh. their market cap is 10 times ours. maybe being based in the financial centre of the world (uk / london) doesn’t really help much unless you do not sit on your **** all day long? sam could very well have attendes capital market day, held interviews etc to improve our profile. many other aim companies do and chances are they get invester in instead of stealth mode rockhopper.

even good old serica seem to do better.

https://www.serica-energy.com/presentations

imho

n

LTT

The Eirik Raude was a 5th generation rig.

The Ocean Guardian (my ❤️ ) a 3rd generation one.

Good point in the longevity on a Falklands campaign with all the development (and exploration?) wells that needs to be drilled that hopefully is a bargaining card for Navitas.

Kind regards

N

Https://www.bluewater.com/wp-content/uploads/2021/03/BLW_FPSO_munin_folder.pdf

As I have said before this is very likely our FPSO !

It is available and fits everything Navitas/Rockhopper have said so far plus it is good for waxy oil.

Time will tell

N

TCM

Up to 3 years may be for a FPSO CONVERSION where you basically take an oil tanker and convert it to an FPSO. The last such project I was on did the whole job in 2 years and 1 month from oil tanker arrived at yard in Singapore to first oil in South America.

A REDEPLOYED FPSO would be a lot less so you are scaring people with this 36 months although that is hopefully not your intention.

Kind regards

N

TCH

Refurbishing for 36 month ?? No way would take that long

N

AB

From recent RNS: “ Navitas has identified suitable and available existing floating production storage and offloading ("FPSO") vessels and is actively working with leading industry vendors to secure all long lead equipment, continuing to target Sea Lion phase 1 Final Investment Decision ("FID") in 2024 and first oil at the end of 2026.”

I think they would try to get the FID done this autumn or earlier if they can as the risk is there will be a general election with Labour/ Starmer winning and throwing spanners in the works (at the oil industry ….:) Election will have to be held by Jan 28 2025 at the latest anyway. Who knows this is just my personal view. Hopefully I’m worrying for nothing.

N

Https://en.mercopress.com/2016/12/23/falklands-sea-lion-oil-field-development-break-even-price-is-us-45-bbl

Lol 😂

Great find (as usual) Mogger

Why do they hire an investment banker with experience from Wall Street? Do the FIG want to invest directly in SL and are looking for finance? Navitas is looking for a partner for SL we know. Not impossible but probably not likely. Nevertheless Norway did the same

https://en.m.wikipedia.org/wiki/State%27s_Direct_Financial_Interest

N

This is the oil field the bluewater Munin FPSO used to service.

Note the waxy oil !!

https://onepetro.org/OTCONF/proceedings-abstract/97OTC/All-97OTC/OTC-8466-MS/45117

BD & LR yes thats what I think that very few investors are aware of the progress made so far. Lazy Sams mistake. Navitas doing all the work for him project wise so at least he could spend some time pitching it to possible investors?

N

14 trades today some 32 thousand shares at a value of £2700ish. Just sayin

Hi LTT

Your question «do you have any insight into how long a refit to spec an FPSO might take?»

I have worked on several FPSO conversions (ie tanker to FPSO) engineering projects but no Redeployment projects as what we want. Nevertheless I can say that from FID/start of detailed design to First Oil for a big FPSO conversion it may only take 2.5 years so the two years estimated by Navitas should be fine imho. The subsea equipment will probably be the main long lead stuff they will have to order asap after FID so expect to hear rumours on possible vendors for this soon (as -also for the FPSO).

Kind regards

N

Hi LTT

I know. I was more thinking in general as the website does look like from 2005 and is not very inviting anc does not make you want to explore much.

Below is a link to Upland R where they are presenting the potential better than RKH I think as on our website you will have to go and look for presentations made years ago to get a feel.

Also for the SFB we don’t really say much at (licences expire late this year so maybe FIG are better off giving them to someone else?)

Kind regards

N

https://upland.energy/north-sea-inner-moray-firth/

Well this “not rocking the boat” stealth mode is definitely one of the reasons we are languishing at 70million market cap with 109 million barrels 2C very likely be developed/FID’d in the near future.

We are operator of SFB licenses near Borders Darwin discovery and and yet nothing from Sam to say about this.

If nothing else Sam could have updated our website…or maybe even that is to much to ask? 😏

N

…oh dear …🫣

SH

Im sure Sam will continue doing very little to promote all this so we will be very cheap still😊