Member Info for Proquo

Yes, Mal. I just hope the honest investors stuck previously on high averages have been able to average down dramatically also. Sub .8 was as big a gift as you'll get. Nothing price in yet and I'm just a tad to the good. Not much, but I'll take it. GLA honest investors.

Lovely!

I hope people have taken the opportunity to average down as much as possible over the last year or so. Still a fantastic price to accumulate. Lovely.

*dilutive

1.05 on the bid gone. I'm in profit and nothing is priced in yet!

Yes, looking strong. I've said all along that the share count isn't unmanageable for a little outfit like this. All the costs are front-loaded with explorer oilers. 10pps is 180 mill Mcap. Our reserves are worth more than that. Debt breaks small oilers. I wasn't happy with the price of the last raise but it kept us going and now looks to have paid off with greater production. Hence it becomes an accretive raise not a dilution one in the long run. It's basic.

Concur Tenbag.

Great price to accumulate. Two, possibly 3, wells pumping, no debt, 50% stake in a dynamic renewables outfit, farm-out talks ongoing and at an advanced stage, no debt, manageable share count, CEO with good skin in the game, more acreage securedfor exploration, no debt, backed by Petrovis, many obstacles removed, government support, no debt. LESSTHAN 20MILL MCAP.

Just had a gander over at Touchstone. One word: Ouch! That looks very, very vulnerable. Wouldn't like to be locked in there. Debt is a company-killer when things take a bad turn. Our share count is still OK. Eventually a chance here for £180mill Mcap for 10pps to make me £400k profit? I'll take those odds, thanks very much. Touchstone? Nah.

Plenty of news incoming!

The only person who thinks Matd has any debt is Corpse. The name gives you a clue as to the liveliness of their mind.

And NO DEBT. That's so important. It's always poor debt that kills companies like this. Any debt we get from here will accretive. Get good solid numbers across wells consistently and RBL comes into play. Or new partner stumps up upfront payment anyway. 1.8 billion shares is manageable still unlike 16 billion at places like Oracle! 16 billion, imagine! Hahaha

I took another 240000 on Friday, will take more today.

Great price to accumulate still - MCAP less than 20 mill, absolute no-brainer. What are our P1 reserves worth again?

Bid back over 1p.

Yes, exciting times - we could go into winter with three producing wells. Sunsteppe looking very well positioned too. And the partnering talks seem to be reaching critical mass. Don't waste your time on sociopaths, just focus on the company. We are entering a news-rich period.

They've thrown everything at H2 so could well be more than double figures on the flow.

Two, possibly three, producing wells, no debt, millions of barrels of reserves with more to come, a JV in renewables in a country which is the perfect place for wind and solar, very soon to be profit making, a refinery and pipeline being built basically just for us, government support, improved regulatory environment, huge acreage still to explore, CEO with skin in the game, farm-out discussions at an advanced stage and our MCAP IS LESS THAN 2O MILL. No-brainer to keep adding.

I'll be amazed if H2 doesn't come good. Buck has dropped enough heavy hints about it - the pre-acid increased oil shows for starters, let alone already sourcing the topside production facilities. Three producing wells going into winter would be great, with Gobi to be tested in April. Would put us in the box seat for partnering.

Only the company can answer your queries as you are asking about decisions the company made. Nobody on this board can help you with your enquiry.