Member Info for Proquo

Who says the 2026 sales agreement is slow? Compared to when and what? We had an update on the farmout just three weeks ago, so that seems fairly up to date. We are making over $20K per day at current POO and that's likely to rise for the foreseeable future. We have no debt and I'm in profit at the current bid of 1.2p. But yeah I agree Furry, I'm absolutely wracked with anxiety about my investment. What a plum you are! Hahahaha

The Donald has offered some reassurance ;

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” the president – who campaigned on bringing down costs – wrote. “BUT, of far greater interest and importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World. I won’t ever let that happen!”

On Wednesday Trump tried to assuage concerns over spiking gas prices. “I would say it went up a little bit less than we thought. It’s going to come down more than anybody understands,” the president told reporters in Ohio.

Yup, Brent back over 100 bucks. Can't see much to stop it rising further atm. Iranians have the upper hand now, it seems to me. Just keep attacking shipping and neighbouring oil infrastructure and Robert est votre oncle. They say they'll take it to $200 bucks. Yikes!

Just having a look at this..hmmm

Very good points Investor

And the US says it is not in a position to escort tankers through the Straits of Hormuz yet, possibly by the end of the month.

The IEA has just said that the war in the Middle East has created "the largest supply disruption in the history of the global oil market”. Sheet.

Yes, I'm very much of the opinion that a good deal will come when it comes. I think we might get an 'Agreement in Principle' type update first. For sure, we have plenty to be getting on with in the meantime and let's not forget we are a business with surplus cash now. That might be very important in the near future to give Sunsteppe some more backing to get things over the line. I'm certainly in no rush. Let the thing build steadily over time, without debt or trying to run before we can walk. Just a great position to get in if you take the long view, as I do.

Weird post Furry. FYI I live in France so that's an hour ahead of UK. I don't think nearly 7am is anything to get overly excited about. I get up at 6am every day. Hope this helps. Atb

Yes, Abzzba. I use that, so calculate that at 100 bucks Brent, we're making about 70 bucks a barrel x 291 = $20K PER DAY.

Yes, we're a matter of weeks away from the start of the new season. Great time to bring H2 onstream with another 100 bopd, and another 50 or so from H1. Get that Gobi drill done and up our reserves. Maybe Buck has booked a CPR to be done. Let's go!

Morning all. Forgot to say.

At $100 Brent, we are clearing well over $20K net PER DAY. Such is the mess Chump has created, it could be along time before POO comes back to a manageable level.

Brent back to 100 bucks a barrel! I thought Epstein's bestie Trump said the war was pretty much done and dusted? The whole region is ablaze and Chump just wants to play golf. Starmer got things so right, as has Macron. Time to reverse Brexit, put Fartage on trial as a traitor in the pay of Russia as we all know he is, and stop all American immigrants buying up properties in the Cotswolds.

Oil 100 bucks and the farm-out due.

Lovely.

Visionaries are never understood in their own time. UK is leading the way globally.

*dictatorship

Starmer getting everything spot on in not supporting Trump's lunacy. Time to get back closer to our proper allies, our neighbours in Europe. The US is now a dangerous dictstorship. Wrt oil specifically, turns out Ed Miliband has called things right about green energy. Clever chap.

A left-field question which probably means I've just got too much time on my hands - the weather here today is awful!

Does anyone have any theory as to why the last RNS was titled 'Petro Matad Operational Update'? It's the first time ever it hasn't just been 'Operational Update'. I just found it a bit odd.

As Clinton said in frustration when dealing with the Israelis, 'who's the fecking superpower here?'

Yes, we are in the position where boots on the ground is not what anyone wants but it's also probably the only way to achieve any meaningful war objectives. The regime is still in place, Iranian drones continue to cause having and panic and the Iranians have a stranglehold on the Straits of Hormuz and therefore on the global economy. The also still have all their enriched uranium so we are told. The west is not in a great position here atm. I'm certainly not advocating a ground invasion as the Iranian standing army is huge. But if all this bombing hasn't achieved much, then what next?