Member Info for Proquo

Brent going ever higher. $115 and rising. Great for us, awful for the global economy.

Apologies Smythery. Good one.

Totally agree, Investor. The amounts of cash sloshing around at the moment, and for the foreseeable, has changed the dynamics. Its not a stretch to say that the odds on a sale of our proven asset must have shortened. Or maybe Buck upped the upfront buy-in price for the farm-out. Brent holding solidly over $100 can only have strengthened our negotiating position. No doubt about that. Nice to think that the counterparties must be now kicking themselves for not closing a deal sooner.

Mind your own business.

Tbt I've never, ever seen an honest and plausible explanation from any stockbasher on any board as to why they spend days, months, years telling us why they wouldn't invest in a company. That's why I've greenboxed the lot, including Hamm. They are disingenuous and utterly dishonest as to their motivations. I'm positive about my investment hence I post the investment case as I see it. The only honest course of action for somebody who is totally negative is not to post.

Why would anyone like Oza buy millions and millions of shares now if they thought they could pick them up cheaper later on, post any heavy future dilution? They're clearly not expecting any further dilution and, without casting aspersions, I'm pretty sure they would know now. If you don't think such people investing so heavily is a big buy signal then nothing can convince you. Follow the money, as the saying goes.

Yes Abzzba, if oil stays so high for a long period then going it alone becomes an increasing possibility. Also, at some point we could get a windfall from Sunsteppe. As I've said before we only need a nudge to propel us into a different league. Two or three more wells and we can start looking at RBL, and paying for drills from income. Farmout would be quicker but going it alone means no dilution. The huge oil price must have changed the dynamics of any discussions.

Brent doing its thing - $111!

We clearly misunderestimated George W.

Block XX NPV was $160 million at $65 Brent. What price now at $109 Brent and what price if we bring G9bi and/or H2 onstream and upgrade our reserves soon? As I said, this war must have moved the dial in farm-out/sale negotiations. It's as simple as that.

Buck moved the decimal point to the right for any deal when the war started. Bidding war. Simple.

Yep, and Brent ticking up again now. Back over $107 again. Was in the low sixties two months ago. This is going to take months to get the price even below 80 bucks.

Brent flying again. Another $20kish today then.

*terrorist

All a fuss about nowt. The penny has dropped in the light of geopolitical events that the UK has to develop some proper energy independence. Looking east is increasingly fraught, and looking west doesn't offer much whilst the mad orange territorist is in charge. Bringing the Falklands into it now, ffs. Twat

Seems like the MM's just parked it today, very little movement after the first hour. Brent still doing its thing over $100. Decent week overall.

Gla and enjoy your weekend.

Is Krok still showing its face here? Still deramping and trying to spread FUD even though it says it's average is 1.9p. Hahaha

$106 now. Stalemate in the SoH and de-mining going to take six months at least, according to reports.

After hours RNS?

Can the bid get over 1.5p tonight. Currently 1.46p bid