2026 update
2026 outlook and recent events.
Share price has been very volatile recently as a result of the FID announcement and the open offer and what that implies. It seems the open offer was more advantageous than buying in the market. In the big picture it may be generally inconsequential for most investors except Navitas.
Good news is now never too far away for long-suffering shareholders, the worst is over, and overall optimism must be strong as the Sea Lion project moves ahead. Operator commitment seems at the highest level compared to post-2012. They were given everything on a plate, as were Premier.
The fundamental geology, reservoir and logistics have not changed in over ten years. On a global basis Sea Lion compares favourably with any other play or development. Simple development and much lower cost than many other plays despite first-mover disadvantage. Big upside.
A near 10% rise in crude price recently does no harm but there is always volatility and not one person on earth can predict the oil price. Credit to the Borders team - the only other successful oil-finders with RKH in the region, but their economics and logistics are tough.
Oil and Gas resurgence coming like a train - especially in UK territories.
Share price has been very volatile recently as a result of the FID announcement and the open offer and what that implies. It seems the open offer was more advantageous than buying in the market. In the big picture it may be generally inconsequential for most investors except Navitas.
Good news is now never too far away for long-suffering shareholders, the worst is over, and overall optimism must be strong as the Sea Lion project moves ahead. Operator commitment seems at the highest level compared to post-2012. They were given everything on a plate, as were Premier.
The fundamental geology, reservoir and logistics have not changed in over ten years. On a global basis Sea Lion compares favourably with any other play or development. Simple development and much lower cost than many other plays despite first-mover disadvantage. Big upside.
A near 10% rise in crude price recently does no harm but there is always volatility and not one person on earth can predict the oil price. Credit to the Borders team - the only other successful oil-finders with RKH in the region, but their economics and logistics are tough.
Oil and Gas resurgence coming like a train - especially in UK territories.
Good news Slapey is the new non-exec, he knows all the history.
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