Member Info for Scaffman

Industry sources told Reuters this week that Russia will import fuel from Asia by sea this month due to the shortages.

Https://www.themoscowtimes.com/2026/06/18/ukraine-sets-major-oil-refinery-ablaze-in-largest-ever-drone-attack-on-moscow-a93043

Russia will be doing well to supply its own population without taking yet another hit. The pent up demand will not have russia to help out much alongside US low inventories.Theres going to be a lot of expert U tube oil analysts who have either called this right or got it horribly wrong. 1-2 weeks time should tell..

Be interested to see drawdown figs today. SP upside potential dramatically outweighs downside atm, so bought a little 1k top up @.13 (20% premium to dirs) Not waiting till fri as I dont trust mossad/Israel not to do a special to derail things.

Well apologies .. I'm not around that long. so an actual human being is spewing this out then. 🤨

Ai bot poster .... pain in the proverbial..ignore..

I suggest its at $5500 per tonne. Atalaya at $6600 per tonne could be used as a benchmark

The article explains why...?

Https://edition.cnn.com/2026/06/12/business/cushing-oil-inventory

must admit. I wasnt aware of the importance of the Cushing storage and distribution facility until tonyb and others mentioned it.

@pj70 Do you not realize that News is an ai generated poster.

And the posters giving recommnends for it.?? I mean; you wouldn't go into a service station and thank the coffee machine for producing your latte?

Mining stocks are down in general..

No-one here has expressed "fear" of whats happening with the Minerals Policy? You have added that in yourself when Ground.. has simply posted up an informative article that requires analysis.

anyways, another member of staff on the meal ticket this week... substantial news needed before/at this conference

oh.. still waiting for that RNS to land from 25th March.. hmm.

Good RNS that now takes a lot of risk off the table and good for anyone getting in at these rates wanting to park some money for a year or two

sofr + 4.5% couldn't expect any better, and the 700k also extended. Producing by end sept / oct..

oh, and no blackstone shares needed to be sold...

ML185 is the mining licence it does not cover the exploratory Licences for ore related to the NLZM Plant

EPL2902: This licence originally expired on 8 November 2025. Its renewal is already underway.EPL 5075: This licence originally expired on 14 May 2026. The renewal submission for this permit was required by February 2026.

p.s. not saying its these at all; but an example of what can stall things.

Ok on a serious note; As I only recently bought in I don't have the same level of frustration built up as LTH so see things slightly different. Having read fully the RNS I dont see any other reason for delay different to what C Bird has actually said i.e. The financier is doing their due diligence. What stumbling block or delay have they come across? Something small can hold up the whole process. for example, Bezant have the ML 185 Mining Licence.No problem However there is no notice via RNS that they have the re-issued and up to date EPL 2902 and EPL 5075 Prospective Licences for the NLZM Plant. THe ML does Not cover these and is separate. I emailed the company several days ago and no-one bothered to reply. Not saying it is this but it could easily be a small detail like this that awaits resolving i.m.o. meanwhile work progresses.... so suppliers and contractors aren't concerned?

I think the Share price on release of a funding RNS will be whatever Lucky 520 guesses; and then divide that number by any positive integer of your choice between 1 and 10.

@few$more China and Japan account for 50%(39+11) of the gulf exports and both of them have built up substantial reserves and are "managing" its use..

Tullow needs Long term oil prices at a "decent" level - not necessarily very high OP that creates demand destruction and pushes countries to adopt alternatives with no coming back from it.

With the way OP has been managed there is not much incentive for companies to start drilling campaigns either.

Indeed.. just a bit of banter while we wait for progress updates.. speaking of which...?

Oh Dear Jim.....

But they're Finnish ! They wouldn't be up to that sort of thing....🙄

Decent article, hard to see straits getting sorted anytime soon.

https://edition.cnn.com/2026/06/08/politics/iran-talks-deadlocked-hostage-negotiation

tddw you are as guilty of posting endless **** on this board as much and possibly more than anyone else.