Over the next few years, a significant amount of capex will be deployed, and naturally, there is a risk of exceeding the budget. However, there's something that allows us to sleep better — Navitas's (majority JV partner) excellent track record of delivering in or below budget. If Rockhopper was working with a less experienced company, we would be worried way more.
Great writeup! What do you think about the risk of capex overrun?
Yesterday we addressed the main risks related to Rockhopper in this X thread, including this one. You can read it here: https://x.com/AlphaArkInvest/status/1935087625242587410
Over the next few years, a significant amount of capex will be deployed, and naturally, there is a risk of exceeding the budget. However, there's something that allows us to sleep better — Navitas's (majority JV partner) excellent track record of delivering in or below budget. If Rockhopper was working with a less experienced company, we would be worried way more.