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And a nice bit of POETS news. Shall now look forward to Mon. knowing we’re finally out of the cloud and smell Carson Block left behind !

It’s LSE’s local error, as it’s not on the Official Exchange.

Also this is a large commitment by Anavio, they’re not exactly the Blackrocks of this world so quite a level of prior due diligence will already have been carried out. They’ll certainly know more than many that’s for sure !

Hope no one’s still complaining / believing illegal layering or spoofing is going on here. The FCA monitoring systems are there for a reason. Even litigation lawyers Burford failed in their attempt to prove market manipulation against Muddy Waters. You may not like the MM’s rules but the cost of breaking them is reason not to !

There is of course the ongoing “Oil and Gas Fiscal Regime Review” where the Governments Call for Evidence closes 11th Sept. Whether we shall see any subsequent Fiscal tweaking in the Chancellors Autumn Statement on 22nd Nov. remains to be seen, but the fact any Review at all was called must be seen as a positive.

With completion of Financing expected prior to the end of Sept. that should see JV details following soon on, likely to coincidence with production results scheduled for release in Q4. Clearly some can’t wait whilst others will take advantage knowing where WTI is heading !

Often needs time to be digested. Problem is Investors aren’t a patient lot probably cause we’re not getting paid whilst waiting…unlike the BoD’s. That said most should have a smile on their face when finally paid !

Coffee not yet ready, still accumulating the beans. We have a floor price so the SP naturally wishes to briefly meet it. Can now rest easy and get on looking for next target !

No surprise that the JV Partner first wishes to see they are entering into Partnership with a financially viable operator. This was always going to be case and thus quite a big hurdle has just been jumped. All remains good.

Guess for many Investing is just not for them. Do all the research you can and then the CEO balls everything up…it happens, that’s life. Buy a brand new car and some pillock then rams you in the rear….yes annoying but no amount of ranting helps, and no one wants to hear the story more than once. If you want sympathy don’t invest !

Av. realised Oil Price H1 inc Hedging was $75.8 bbl, with a fair wind we could see at least another $10bbl added to that in H2. At some point the Market will latch on !

Let’s see where Oil settles….if we could get to €120bbl then Hunt can keep shove his EPL !

Looks like the Saudi’s want Oil at $100 + given they’re extending their 1m cut till 2024. + Russia still to make a move.

Yes looks like someone had a final set of figures to achieve, take that $96.5m Impairment Charge said primarily driven by a decrease in EnQuest's near term oil price assumptions…oh really, with current Supply restrictions !

Problem seems that future production output was not linked in some way to a rising Oil Price during claw back period. Suncor were either lucky or understood at little more than were letting on !

Just highlights the damming effect EPL has had on NS Operators given their Hedging programmes provide limited upside to higher OP’s.

Thankfully we’re heading towards 20% of output outside the Levy with the Cartel on our side, but this remains a long wait.

Good we’re moved on from Share ownership to guessing again. Thus mine is Cohort 7 advised within next two weeks with a continuing moribund share price. Remember Scientists are similar to Actuaries when it comes to caution !

Well it certainly looks like OPEC are now seeking Oil at US$90/bbl with latest support from Russia, the world’s second largest oil exporter, having reportedly only yesterday said it intends to cut its oil exports, the size of which we await to see. Add to that Barclays have revised their Brent targets up for Q4’23 to $92 a barrel & for 2024 $97, so WTI won’t be far behind. It all helps !

It’s a Max Term Contract that expires in 9 months, for a reason !

Yes Murat Ticaret looks a great acquisition being highly cash generative and should add at least $180m annual revenue to top line with impressive EBITDA returns. Being involved with four of the five largest agricultural equipment manufacturers in the world, is a good start !