Member Info for Proquo

Yep, idiots currently being robbed of their shares.

Says everything about how the markets operate and nothing about the company. Still, a great top-up opportunity.

Spot on, Investor. And they are still pumping H2. Very possible we get a little bonus in the next week or so. It cannot be any clearer than the CEO stating in an RNS that they still hope to get a flow-rate. Facts.

The speed with which they re-tested Gazelle and brought it onstream is incredibly impressive and really bodes well for future development.

Wrt H2, Buck states clearly that 'We still hope to get an oil rate out of the well this year'... As you say Abz, people need to read the damned RNS properly.

Totally agree, Polio.

At current Brent we are making about 35 bucks a barrel imo.

It's an 'operational update' on drilling and production activities. Nothing to with farm-outs or Sunsteppe in my view, hence neither being mentioned.

Nice to hear that after more than a year H1 bopd remains at the upper end of output for the basin as a whole. The RNS states CLEARLY that they still hope to get commercial flow from H2. These are facts.

Don't know how you worked your figures out Mullins. I make 350bopd about $4.5 million bucks per year at current Brent. Or £3.5million pounds. Certainly enough to keep us progressing nicely.

Excellent. Doubles our revenue at a stroke and with a cautious approach too. They may well open up the choke going forward. Not a blockbuster RNS but clear progress. H2 is clearly troublesome but they haven't given up on it. Clearly says they still hope to get a rate out of it. Incredibly quick work on Gazelle. All focus now on getting the full payment from the Chinese. 7/10 RNS.

No

Agreed Master. Buck has several times referred to a Plan B for getting oil to market. Not his preferred option but he's made a point of putting it out there. Thanks for the satellite pic info and analysis too.

Maybe so. But how many investors get suckered in to oil shares in particular based on those dazzling estimates of billions of barrels of oil in place in exotic locations without thinking about how difficult it's going to be to find it and get it out of the ground when the company has no money ffs. It's just stupidity and I don't believe anyone with oil industry experience would make such a mistake. Another reason I'm sceptical is there have been multiple opportunities to average down massively SINCE WE BECAME A PRODUCER!! If you thought it was a good idea at 16p with literally no assets and no money, then surely you would get back in at sub .8p when the prospects are substantially derisked. Or did they just sit there hanging on to their losses all the way down without trying sell and buy back or average down? Sorry but my BS detector is beeping and flashing.

Tbh I really wouldn't take any notice of anyone who bought shares at an average of 16p when the company literally had no assets to speak of back then. Not sure anyone so easily separated from their cash should be investing, especially on AIM.

Certainly needs a bit of newsflow. Just drifting atm.

My initial target is 5p per share. Anything closer to 10p and I'll be ecstatic. Anything over that and I'll be amazed. I see a 100 mill MCAP as very possible with news of a farm-in, and some revenue starting to come in from Sunsteppe. From then on everything becomes exponential hopefully massive scale-up in revenue, new blocks coming onstream, Sunsteppe really making a massive noise in a burgeoning renewables sector. However, the unknown factor is sentiment - if this becomes flavour of the month on AIM then anything is possible with the herd arriving. Our lack of debt is a huge plus for me and I'm sure for many AIM investors and Sunsteppe is a real joker in the pack which could really trigger massive interest going forward. A brilliant move by Buck to diversify so early in that direction.

Yes, a sale but keeping a percentage going forward would be great.

Excellent

Yes, we could be within eighteen months of the refinery coming onstream. The pipeline is nearly 90% done too. The Mongolians are desperate for it and clearly pushing very hard within. Every day we get one day closer to telling PC where they can stick their obstructive tactics.