Member Info for Proquo

Thanks Dan. Definitely some activity visible in those satellite pictures. Weather's pretty good there for the foreseeable.

Yes, 1.063p on the bid atm.

RNS incoming? Just a hunch..

Morning Furry. That dip in Brent price didnt last long. Chump trying to back out of the mess he's made and the Iranians have told him to shove it where the sun don't shine by bombing US bases. Oh dear. Still, there's a 5D chess game going on so must all be part of Chump's plan, the cheeky orange draft-dodger.

What's all the fuss? A buy. End of.

Brent rising again - $104

Concur Frontera.

Lovely

My view is that final decisions on production agreements, dates for AGM, drilling plans etc are all tied up with the finalising of the farm-out, which in turn was dependent on the Block XX meeting at the start of the month. That's why the company was at pains to state that the meet was successful. We must be getting close now, probably in final sign-off stage with all relevant parties - there are clearly many moving parts to bring together so no surprise it's taking some time. The company cannot RNS anything until the process is completed as any info now would breach confidentiality for multiple parties. It's the explanation which best fits the facts as we know them now. There is no certainty but this is AIM and prediction is the game.

Hi Furry. Brent back over $103. No idea why posting about the massive rise in oil triggers you so much. But I'll keep doing it.

Dusty, a Gucci bag is a product. There is no product here to value yet. It's potential and projection. How much money it take to actually build a mine to extract any pr9duct? Any costings on that?

Well, let's see what the company says.

I could be interested in this when it comes back to single digits.

Ok great Investor. My guesstimate is around $70 net.

I agree, Matd really is massively undervalued by comparison. But why is this w9rth 200 million? Nobody seems to want to answer this question.

Genuine query - what is the investment case here, given that it's already valued at 200 million as an explorer only? I'm not saying there isn't potential here, but that does seem a bit over the top to me.

That's a bit embarrassing Dusty, even by your standards.

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'

Uund, there is no RNS which states we get $34 on $70 Brent. It has always been over $40 on $70 Brent.

You've misread my post Uund.