Member Info for Proquo

More simply, the Mongolians takes a cut from each barrel produced. They need the cash as much as we do. Moreover, if overseas outfits with their own investors don't develop the Mongolian oil industry, then who will? They want and need energy independence and that can only be done with foreign oil companies willing to invest time and money in the industry. Hence their designating our block special purpose land. If we don't feed the vital refinery, then who will?

Anyway, Brent over $85, India struggling with its oil supply, China losing supply everyday. Seems to me our 60 million barrels is right in a geopolitical sweet spot. Winter coming to a close, works ready to go on H2 and Gobi, our reserves likely to increase significantly. If the first counterparty is dragging its feet, the others will be ready to step up, that's for sure.

Lovely

Yes, I think that might happen. The Russians need the money badly

Brent back over $84 and climbing by the look of it.,

Yes and I see no reason to think that Buck won't do a good deal for us. He's got us this far overcoming incredible obstacle so he's dogged if nothing else. And in my view weare not desperate so we can wait for the best deal possible. Plenty to be getting on with in the meantime.

Definitely a buy in my opinion. This company has got an awful lot going on for a 20 million Mcap outfit. You're welcome.

I imagine our man Buck is now asking the counterparty to go away and up their bid now.

I did suggest genuine investors bin this Dusty character - just drop them in the compost bins with rest and let them just rot down together. They are a real thicko and are just here to disrupt. Obvious to me a week ago at least.

Since Reform lost heavily to a party to the left of Labour in Gorton and Denton, have you intensified your preparations for civil war, Corpse? In other news Brent still over $81. Straits of Hormuz blocking up still..

Yes, Dusty is clear a dumb troll. I recommend the green compost bin for it. Will rot down nicely.

Correction - bid still ticking up, now 1.312p

Brent over $84, bid ticking up - 1.295p currently.

Dusty is just another tiresome troll. I binned it last week.

Great posts AliAli. Thanks for sharing. Exciting share

Well, the bid is creeping up still. 1.2755p currently.

Agree Investor. The raise was at .8p was an absolute gift, effectively giving the shares away AFTER we'd actually become a producer after years of failure.

AND NO DEBT. Forgot to add

As Buck said when POO was in the low $60s, we have sufficient revenue from our production to cover all our costs with a bit of surplus over. POO is currently min $20 per barrel higher than when he stated this, plus we've since received a lump sum back payment of over a million dollars. We certainly have the cash to go through with the Gobi drill and the next remedial works on H2 to try to get a commercial rate from it. All the while we are trying to seal a farm-out deal with negotiations at a late stage but with further suitors also in discussions 'in parallel'. We also have interest in Block VII and Sunsteppe is aiming to monetise in 2026. I'm happy with that as an investment case for an AIM stock with an sp of just over a penny.

More than happy.

Bid creeping up. 1.268p atm

Surprising how many greenboxes are here today.

Ball park figure I reckon we're clearing about $15500 per day at $84 Brent, factoring in Daqing etc. We've just had a million bucks into our coffers. We're definitely getting there. Take your time with the FO Buck, get a great deal, we're not desperate. Get Gobi and H2 onstream in quick time and we're looking very strong. Winter nearly over, get the drill out!