Member Info for Proquo

DQE, PetroChina, Petrovis, MRPAM all spring to mind as 'partners' before you get to financial institution. Hamm's trying to trade a few so is back to getting 'raise' into every post. Pathetic. And greenboxed for being a twat.

Hamm - 'MB can’t get the farm-out done—which seems to be the case—'

That's just blatant misinformation. Shameful

All pretty vague as you'd expect - obviously no mention of the whacking great farm-out elephant in the room. Actually pleased to hear that they won't interrupt Heron 1 for the dewax whilst oil is going stratospheric. Makes sense to me to do it if/when POO drops a bit. As you were. Suspect we'll get something this week, even if it's a holding RNS. No idea how anyone interprets 'discussions with our partners' as 'there may be a raise on the way'. I've heard raises called many things, but never a 'partnership'. Desperate. Hahaha

Great info on prospective candidate SP. Thanks

Thanks Dan. Brilliant. Sunsteppe is clearly in the more dynamic and fast-moving regional energy sector. Vital that we have some free cash to support Zula's efforts going forward, as we did with the last raise. Things just seem to be all coming together atm, the company now developing on multiple fronts.

Totally agree, investor

I think it's more about any effect on the running and personnel at Mrpam.

Morning all. Brent now over $116 and there seems to be a consensus amongst analysts that higher prices might be here for a while now, especially if the Houthis decide to block the route via the Red Sea. The rise in oil prices as well as the pressures on supplies of fertiliser will put up food prices considerably if things do go on long-term. I agree that all this makes a buyout more of a possibility although I don't see the Chinese buying as they will want the oil for their own use whereas the Mongolians have stipulated that the oil is for the Mongolian refinery, when it comes onstream, and the domestic market. Nevertheless, it's clear to me that a deal is being thrashed out now - I've had a long period of regular comms with the company IR team, but there is now absolute radio silence from them. That can only be for one reason in my view. Maybe an announcement before the Easter break?

Pushing on to $112 now. Yes, Trump and his acolytes are clearly trying to manipulate markets for their own gain.

And bid jumped to 1.25p. Bit of FOMO Friday kicking in?

Thanks for the extra day Bauch. Senior moment!

I'm not being entirely facetious when I say that the longer this process takes the bigger the deal being thrashed out. Or maybe additional interlocutors are entering the fray with new offers?

We'll see in time so patience for now. A good weekend to all honest investors.

You've misread my post Abzzba.

Brent at $109. Not much market confidence that a ceasefire is in sight.

Just a late Friday pm thought, but it might well be that the ultimate aim is to generate sufficient cash to feed Sunsteppe regularly and with increasing amounts. I'm beginning to think that Buck wants to pivot much earlier to renewables because that's where the big bucks are and also there is strong a tail-wind to developing in that space. I'm sure he's as sick as the rest of us of trying to progress in the teeth of a howling headwind as we have had to do with the permitting issues, Mongolian bureaucracy, the Chinese, DQE etc. Wrt the oil side, I think we should also take into account RBL coming into play at some point. How many wells need to come onstream to pass any income stress test for RBL? Not many in my view.

After hours RNS anyone?

Concur Bauch.

Thanks for those guesses, Krok. Your right to guess as much as you want.

Was never a 'horrendous' spread this morning, so why say it? Currently 1.2p v 1.24p. Pretty minimal

Excellent find, Baldhippy. Many thanks

He said he'd dropped his entry to .8p, Investor. He's a shrewd one, that's for sure. Brilliant at reading global 5D chess moves too.