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US inflation up in February, before the war started. US gasoline prices up by about 70 cents a gallon and some economists warning of a US recession. The Donald can claim until he's blue in the face that the US is insulated from rocketing POO but the fact is, they just aren't. Plus his MAGA base is distinctly unimpressed with the war, and will be more so if the price at the pumps doesn't come down pronto. It's just beginning to dawn on the Orange dictator that he's royally fecked up.

So you won't answer the question I asked you Stanley? You think a lifestyle company trousers 10 mill from Shell?

What precedent are you basing your claim on that it should be done by now? The underpayment from 2025 has only recently been sorted and they are rewording the 2026 agreement in light of lessons learned from 2025 issues. That means lawyers, I assume. Just takes time, in my view so no sweat on that. If you have a problem with my assuming that our netbacks per barrel will be similar to 2025 ie 40 bucks on 70 Brent, then please provide material evidence in the public domain as to why that assumption might miss the mark. Until you do, I'll continue with my assumption until the company says otherwise as I can think of no reason why our netbacks would not be something similar. Bottom line though is that Brent going up by 40 bucks a barrel in a fortnight must improve our income significantly. Hence I'll continue to post any rise in POO unless you find it too upsetting in which case I'll stop. I actually think POO is relevant to an oil producer buy I accept I'm just weird in thinking this as many claim it is irrelevant. I wonder if they'll still say it's irrelevant if/when oil tanks?

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. You must have more than just asking other countries to sort things out for you. The operation is going brilliantly after all, as you have said since day one.

Furry, where are you old bean? You must be absolutely loving this.

Well, at least you still believe the farm-out will happen Hamm. Given that you clearly state that no farm-out would be a catastrophe (I don't BTW, cf multiple previous posts for my thinking on this), then the fact that you still hold has to mean you believe it will still happen.

Hamm, the simple comment to make about your blaming the CEO for everything is that if you've been invested as long as you say you have, then you didn't invest in the quality of the assets for the simple reason that the company didn't have ANY assets when you say you bought in. You invested on the hype not any assets.

As for postulating that the sp might tank, well I've got news for you - this is AIM so that's always a risk. All you're saying is an AIM company comes with some risks attached. Good luck in your search for an AIM resources company at 1p that is risk-free.

Furry, you must be relieved about Brent now . $108. You were worried when it dipped to $102 this morning. Happy to keep you up to speed.

*its

I'll also say again, loading up here when it was sub .8p was just about this biggest no-brainer I've seen on AIM. Those shares are now over 50% up. The only other share that compares as a no-brainer to invest in was MAFL which I've been in for many years and is just starting to realise it's potential. £1 plus a share absolutely nailed on there within 3 years.

Investor, you're totally right. These little oilers are often much higher in their explorer phase than the early production phase and that attracts dreamers.. Naive investors get sucked in on the hype around new drills, oil shows, big finds etc and the sentiment drives the sp and expectations to ridiculous levels as there are no stable metrics to judge it by. Once there is production suddenly there are metres to judge relative success and the early hype-addicted investors are left holding the baby at ridiculously high averages where they are unlikely ever to get back to. Their subsequent bitterness and anger is never directed at themselves but at the company staff and other posters. I would put Master and Hamm into this category. Master is always banging on about how the sp has catered from double-figures to 1p because of a useless CEO,blah, blah etc when what he is really saying is that he messed up big and he just got sucked into the hype vortex. Tbh I was just as culpable as this with COPL. The big red flag there was huge debt which I didn't take into account sufficiently and, as it turns out, malign actors around the company working against shareholder interests which is why it's about to go through the courts. Here we have no debt, surplus income, very little priced in and I'm pretty confident Mike Buck is a straight sort of bloke. I blame myself for my naivety at COPL. Others need to do the same here rather than endlessly whining. This is AIM after all. Nothing is ever guaranteed.

I don't feel the company's comms are vague. Why do you think this? They can't say when things will happen when it's dependant on other parties, be they the current counterparties, the back payment from PC, the final sorting of the EL. Other than these issues beyond the company's control I feel fully informed of everything to do with the company and its assets etc. What I don't want is a CEO who RNS's what he had for breakfast, as some seem to do. I certainly think there is room to grow in terms of marketing and presentation of the company, but generally I'm happy with the level and quality of company updates. They can only update key developments when they happen, not before.

Correction - Brent pushing on to $105 now. I'm sure you feel a lot better about it now, Furry.

Just to reassure you Furry, Brent is pushing back towards $104. You seemed so worried about a drop of a couple of dollars early today that you did the very first post of the day about it. Happy to help. Hugs

Nobody here can answer that Hamm. You need to contact the company for that info. You can't be that concerned about the 'red flag' though as you continue to hold and therefore still believe the farm-out will happen. You're hanging from your own petard a bit Hamm - you have hammered away at this narrative that the company is in deep trouble without a farm-out - which not everyone believes BTW - so the fact that you continue to hold has to imply that you believe the farm-out will happen. Yet you never say that. Why not? Simple question.

Do so-called 'lifestyle companies' get nearly ten million out of massive multinationals like Shell? How does that work? Did they trick Shell? My idea of a lifestyle company is one where the end product never arrives. Hamm. There seems to be a gaping hole in the dead centre of your argument Stanley.

I'm in profit at this price Hamm, so yeah I'm sick with anxiety about my investment.

Still you must think the farm-out will deliver despite your oft-repeated concerns as you continue to hold. By your own logic if you don't believe the farm-out will happen you would sell as you have stated over and over again that the lack of farmout would leave the company 'trouble'. Why don't you keep stating that you believe the farm-out will happen as well as your putative concerns about the company's future. That would balance your posts more.

Badprophet who said we wouldn't get the exploitation licence, we wouldn't get the million bucks back payment, we wouldn't ever make surplus cash. They have been wrong about every single outcome. Of course, a clue is in the name. Embarrassing.

Good find Dan, thanks. Unlocking just the the 32 million at P50 estimation barrels of resource puts the valuation of Heron alone into the billions.

Morning Furry. Yep, still over 100 bucks. That's another $20k into the coffers again today. Lovely. Thanks.

The lack of a basic understanding of world history and Britain's central role in the root causes of so much that is going on in the world is one of the biggest issues dragging the UK into the gutter now.