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Great posts TBT. Oil back to around $100, bid ticking up by the look of it. This huge rise in PoO must have impacted the farm-out, buy-out discussions especially as the NPV of XX with just H1 and Gazelle pumping must be over $200 million now as it was $160 million at €65 Brent. H2 at the already achieved 30 bopd is clearly commercial at $100 Brent and they've had all winter to work out how to wring a bit more out of the thing as i said. Gobi has a high COS and will also add to the reserves of the field if successful, and increase the NPV even more. The money is clearly available for these latter works, as well as possibly enough for a Gazelle 2, as Abzzba says. Irrespective of how long the farm-out takes,there is enough there to keep the share price ticking up in the coming weeks. Add in our Zula's growing influence in renewables and I feel we are hugely undervalued at 20 mill mcap. I'd be very surprised if the activity at H2 Dan has highlighted is not about trying to bring H2 onstream whilst PoO is so high - just 30 bopd at $95 Brent is over $50K per month.

Exciting times in my view.

Thanks for the technical knowhow. It must make sense for us to be getting H2 ready now. As I said, at these oil prices even 30bopd brings in more than $50K per month clear. Plus they've had the whole winter working on how to get it flowing better.

That has to be a distinct possibility Abzzba. Also, we know from Dan that there has been activity at H2 so I think there's a chance they're getting that ready already.

By my reckoning the NPV for our Block XX in light of the new oil price levels must be over $200 million now. Quite simply, that rise must change the nature of the farm-out discussions.

NPV for Block XX with just H1 and Gazelle of $160 million based on PoO of just $65. What price now, and what price if H2 and Gobi come onstream and also added to the proven reserves? We know the only thing stopping us having sufficient cash to do Gobi and H2 ourselves in the new season was the oil price being too low. Well, quite the opposite has happened with oil flying for over six weeks and no sign of it dropping so the least we can expect in the next update is the plans for Gobi and H2. H2 has already flowed at 30 bopd which is probably commercial at $98 Brent as it would generate another $50K free cash per month, to add to the $500K approx we're currently clearing. Plus we also received a million in back payments just before the war started so no issues with cash for further works. The huge increase in the PoO and geopolitical situation must have impacted the farm-out discussions as the value of our assets has now rocketed so no surprise it's taking some time. As long as it takes in my view. In the meantime we make hay while the sun shines, pumping oil and looking to bring more wells onstream in the short-term. An all the while our Zula does her thing where the big money is..

Lovely

Yep, Brent pushing back to $100 by the look of things. Chump just warming the bombers up so he can play with his toys with his mates.

Even using a conservative guesstimate for netbacks and averaging Brent at about $98 since the war started - it's probably higher - I reckon we're clearing $120K per week so about $1.5 million since 28th February. Add our million bucks back payment from PC just gefore that and things are looking tickety-boo. Come on the Donald, keep up the 'good' work.

All together now...

LOVELY!!!

Nice to see it ticking back up despite the infestation of greenbox vermin. Keep greenboxing and pruning the rubbish regularly. RNS usually a wednesday or a Thursday so keep 'em peeled. Literally very little priced in yet.

Beautiful.

And a lovely tick up of the Brent price to over $98. Every dollar helps!

And don't forget that Buck has a big chunk of skin in the game. I guess more than anyone, other than Petrovis. That's a stark contrast to many other oil industry CEO's.

Bid ticking up?

Certainly seems a strong possibility, Tbt. Plus Brent seems to have settled around $95 atm, so over $30 higher than it was before the war. Bid still at 1.2518p, as it was on opening.

According to multiple negative posters, posts on a bulletin board have no effect on the share price or people buying or selling. So what do you mean by 'rampers' and why do you have a problem with it if, as you state, posting has no material effect?

We've been told via various emails that the company is planning to drill this year. No reason to think otherwise as things stand. Let's stick with the info in the public domain.

You're totally right Investor.

In my opinion. Hard to imagine it could be anything else now. Nothing is done until everything's done, clearly ie all the ducks have to line up before anything is announced.

We're still trousering something like $15K - $20K per day. The company confirmed to me that oil sales continue.

Brent still up around $95

No more engagement with stockbashers from now on from me as there is clearly a big push from them atm. Ignoring them is best. All are greenboxed.

Come on Buck, bring it home bud!

Lovely

In my opinion. Hard to imagine it could be anything else now. Nothing is done until everything's done, clearly ie all the ducks have to line up before anything is announced.

We're still trousering something like $15K - $20K per day. The company confirmed to me that oil sales continue.

Brent still up around $95

No more engagement with stockbashers from now on from me as there is clearly a big push from them atm. Ignoring them is best. All are greenboxed.

Come on Buck, bring it home bud!

Lovely

Malcy still very confident about West Newton as a prospect. Maintains his .5p target.

Lovely

Tbh I don't see Stockmaiden's posts since I greenboxed them over a year ago. I actually think they have mental health issues.

Great post SP! And that's just the oil!