Member Info for Jelenko

That's an old (February) article. and applies from 2022. The most recent batch of SPR sales have hit problems because the sulphur content was too high on delivery to it's customers. This will put them off. The other fact is that at some point these barrels will need to be replaced. Every time this has been done in the past it caused a price spike when they had to buy in oil to replenish the SPR. The biggest mistake Trump could make is to draw it off and not replenish.

GLA22.

The FDA suggested that they go for MBC first. Ovarian will not need a full blown clinical trial only a validation study which is ongoing I understand.

GLA22.

The FDA suggested that they go for MBC first. Ovarian will not need a full blown clinical trial only a validation study which is ongoing I understand.

Timing is everything, When you look back there have been some great opportunities to sell and buy back cheaper. That's not easy to do in real time. I am anticipating a reasonable re rating with results and so will be adding closer to the anticipated time with a view to holding post FDA clearance.

Not sure what it is! This will move up substantially in my view on completion of the MBC clinical trial. July/Aug maybe. I think people will be taking positions ahead of that and so would expect a gradual increase towards those dates since there is a high probability of a successful outcome. A very illiquid share so don't expect all moves up to hold between now and then.

and miss out on selling it at $100 in December!

I still can't see why TLW is valued at such a premium to PMO.

Not much comment here regarding Catcher oil being sold at a premium to Brent. Implies $75+ Plenty of cash rolling in. Current total production 90k per day! Just need Oil to hold above $75 for rest of the year.

Ros, That's just a verbatim copy from their March FY results report. I would say that PMO would not allow CNE to brief on Catcher before them. I'm leaning towards a positive briefing on Catcher tomorrow. If there was a delay it would be out of step with how the project has performed so far but anything is possible.

who said there is a delay?

It could also be $80!!

the $2.3b was stated before oil moved above $70. I was working on a figure close to $2b maybe just under. There maybe one or two more disposals that may help. On the flip side I hope they buy MOL's Catcher assets and that won't be cheap.

I tend to use 365 days. The important point is to get close to the avge. price rec'd, bearing in mind the gas / oil split and their hedged prices. Having said all that I think you are close enough. I think we are all expecting a substantial re rating when Catcher is at plateau.

Sage, great minds think alike

Here's a question. If you had �3.2b in cash and had to spend it in the oil sector. Would you buy a) All of TLW or b) Four Premier Oil's ? Interesting how the market throws up pricing anomalies like this.

We never know what Trump will do. We do know that the Saudi's are working to prevent a collapse in Oil in the future. It's the Brits (us) that are selling oil down. It seemed quite happy near $76 until our boys hit the screens. We must not lose sight of Catcher impact v.soon. TD was very happy with oil at $65 remember. So, with a $10 improvement and Catcher plateau production imminent things must be pretty rosy at PMO, certainly compared to this time last year.

It's not where it opens that matters, more where it closes.

Oiluser, That has not been RNS'd yet has it?

I don't think you can rely on accurate info from USA re Inventories, What they are not saying is by how much the SPR is being depleted. A bit like Gordon Brown selling our gold reserves a few years ago. Out of interest a similar build to this week last year. Next week should be -5m barres on that basis. If not they are lying on Trumps orders!

Supply and demand are driving the Oil market now, Trump can do nothing. PMO is likely to be 100p this time next week!