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OM - Zeno's Paradox 2Today 10:00
(cont.)
"Also, starting in February 2022, in addition to his positions as a director and as Deputy CEO General and in charge of business development, Mr. Wolf will focus on leading the development planning of the Sea project Lion. However, in the coming months Mr. Wolf is expected to relocate to the West Europe, for the purpose of continuing to fulfill its aforesaid role and to promote the development of the partnership's business and in particular for the purpose of leading the development planning of the Lion Sea project. Mr. Wolf's relocation to Western Europe is required for the promotion of the Lion Sea project since most of the suppliers and service providers, the financing bodies and the bodies involved in the development activities required to lead this project are in Western Europe".

The translation from the original Hebrew text is slightly 'garbled' (sorry) but it is quite clear that Navitas are taking the Sea Lion project very seriously indeed with one of their most senior and experienced Executive Directors now in charge:

Chanan Wolf serves as the Deputy CEO of the Navitas Petroleum partnership and his key responsibilities include business development and new ventures. Until January 2022, he managed, in addition to these positions, the activities of the partnership in Houston as CEO of the company's US subsidiary Navitas Petroleum Holdings LLC. Chanan brings his vast experience in international transactions and business development to the partnership’s executive management team. Prior to joining Navitas, Chanan was an independent consultant and held various positions at Ernst & Young including head of M&A and capital markets. During this period he sourced and managed many oil & gas related private and public transactions. Chanan started out his career at the Dutch Central Bank. Chanan holds Doctorates in both Economics and Accounting from the University of Amsterdam.

In Chanan's previous role heading up Navitas in the USA, I assume he was responsible for delivering the $1.8bn funding and successful FID for the massive Shenandoah Project in the Gulf.

https://www.navitaspet.com/executive-committee/?msclkid=b5884cf0a83311ecaa348b87a7170f47

The past couple of years with Brexit, Covid, Storms and now Ukraine reminds us of that famous quote by Lenin: “There are decades where nothing happens and there are weeks when decades happen". I think that after suffering a decade of enforced inactivity in the South Atlantic we may be entering our own period of a few weeks of action, thrills and excitement !

DEM

ps Assuming that Mr Wolf will be based in the UK - I wonder where his office will be ?

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