Member Info for abzzba

On the bright side we do not need DQE for H1 de-wax or H2 pumping, we can do both these operations ourselves for very very little cash outlay.

TBT, find out where their offices are and i will ask Donald to lob a few bombs their way !!!!!!!!!!!!!

MK as far as i am aware this info is not yet in the public domain

Fair to say with Brent at over $110 bbl we are circa doubling our revenue.

Just a quick reminder of how much we are making with these elevated oil prices.

Do your own calculations

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16th January 2025 RNS clearly states:

“”Under the Cooperation Agreement and applying the very favourable fiscal terms of the Block XX Production Sharing Contract, after payment of processing costs and transportation, and after the government's royalty and production share are deducted, Petro Matad will receive a net back of more than $40 per barrel based on a sales price of $70 per barrel. Block XX crude will be sold at the same price as Block XIX crude which is Daqing 33 minus $1/barrel. Daqing 33 is usually priced at a small discount to Brent, presently a 3.3% discount””.

Further info on from the AGM below.

March 2025 AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

QATAR hit again.

https://www.ndtv.com/world-news/us-israel-iran-war-live-updates-iran-strikes-qatar-ras-laffan-lng-gulf-energy-sites-south-pars-oil-prices-strait-hormuz-iran-targets-gulf-energy-sites-11235957

Quite surprised Brent is only $113, thought it would be higher, see what today brings.

Brent could easily be $130 by tomorrow.

And its in Donalds hand.

Idle thought, the US or Israel light up Kharg island, IRAN retaliates with more missiles fired at innocent countries such as Saudi, Qatar, UAE etc, i do wonder if Israel would be condemned by those countries if they nuked IRAN, i do not think Israel give a damn what the world thinks.

And in reply to previous posts war with IRAN was always going to happen, i was surprised they held back last year, you would have to be pretty dim not to realise that.

Proquo, i would hazard a guess there are a few on here that do not realise there is an Inner & Outer Mongolia.

Yep, moving up a gear.

https://www.foxnews.com/politics/us-bunker-buster-bombs-hammer-iranian-anti-ship-missile-sites-near-strait-hormuz

Ouch !!.

https://www.timesofisrael.com/liveblog-march-18-2026/

Yep, there is always a bright side.

Proquo, that should have alerted the powers that be, now they might get a master class.

Could be Donald is about to teach Europe a lesson about LOYALTY. Ouch.

Saudi, UAE and Qatar energy facilities are evacuated after Iran threatens 'full scale economic war' as oil price jumps 5%, top up your car, the more prepared already have and have fuel stored.

""Blimey Brent at $109 a barrel and climbing! Right, Donald let's be having the next move in your brilliant 5D chess game you've been playing. "", aka blasyt Kharg & other offloading facilities then walk away, US does not need oil from the Straits, many other countries do, Europe etc, but they failed to come to the aid of the US so i would guess Donald would be quite happy leaving them to clean up behind him, result being European oil shortages, $200 bbl to follow.

Hamm "why can’t MB and his team just get the farm-out deal done? ", are you really that dense ?, its not upto MB its upto the interested parties, they decide when they are happy to put pen to paper.

SenatorPrime, post refinery i guess its posible, who knows,

Seems we can all use private messaging on here now.

Private Messaging is now available to all verified members on the website.

https://www.lse.co.uk/members/private-messaging/