Member Info for SenatorPrime

"Hopefully the Petro China oil sales agreement comes in 2-4 weeks with oil $100-120$/barrel"

Funnily enough, we'll likely be better of monetarily if it does indeed hold off for a few weeks. TeaBag. However, Buck/The Company don't use the word "imminent" lightly & so we're (likely) looking at days.

They were indeed covered for operational overheads but not a drilling campaign, needing approx.$3M per well.

We're now at a point where we have a decent Production to see us ticking over until conclusion of the Farm Out, which should cover both Drilling Costs AND a cash payment for historical spend.

Now, if you don't thjink the farm Out will happen, go look for an alternative investment prospect - Bye!

In the meantime, other news to be RNs'd imminently & the other developments discussed. Atb & keep up!

- Bear in mind GOBI has a greater than 50% COS (according to Buck)

- RNS on Sales Agreement / Payment "IMMINENT"

- The Main Counterparty certainly wouldn't be continuing with the Seismic reprocessing, if they weren't very interested - I don't actually think it's about a Farm In for them anymore & the additional checks will be linked to a Buyout offer for Block XX (no approach made yet).

- Major uptick in interest from other parties, low cost operations & overheads covered

- Block VII Farm out also expected this year & 2 Renewable Projects ready to 'flip' for the $50K-$100K Development premia

I expect the hard bounce anytime & hopefully before the troills can effect their Re-entries, before thev "imminent"RNS!

Original article links, for those 'genuinely' interested:

https://oilprice.com/Energy/Oil-Prices/Supermajor-Warns-Oil-Prices-Could-Hit-160-Within-Weeks.html

https://oilprice.com/Energy/Crude-Oil/Chinas-Return-to-the-Energy-Market-Could-Become-the-Next-Global-Price-Shock.html

Sobering outlook!

KR - This may also help you - obviously, only if you read (and understand) it:

"The United States is in the process of releasing 172 million barrels of crude oil from the U.S. SPR. The U.S. SPR release is part of a coordinated effort with the International Energy Agency (IEA) to release 400 million barrels of crude oil and refined products globally to address disruptions in oil supply stemming from the conflict in the Middle East."

https://www.eia.gov/todayinenergy/detail.php?id=67625

That'll have to be made back up!

Re: my own posting - I'm a holder & happy to address trollish behaviour here, with FACTUAL (and verifiable) Responses. Also, understandable considering I have to explain basic stuff multiple times.

You're welcome!

A good sign to see the Trolls out early regardless - They obviously want back in as a matter of Urgency!! ;)

What we might expect is a knee jerk further drop in the Oil price on both sides accepting a deal ie the 60 day consultation period. However, fundamental supply factors, Supply Infrastructure issues and critical level of global emergency reserves, should play into reality taking nhold & Oil prices being driven back upwards.

Further incentive for Petro China to carry through the "imminent" Sales Agreement - Revenue Payment, before said price increase takes hold. RNS next week imho and given Buck doesn't use "imminent" without good reason.

Re: The supposed 'Raise' issue, basket the Trolls were putting all their hopes into - Listen to the AGM yourself ;)

https://youtu.be/XOdNyxaQAmg?si=p2PTRFv9CyUJQ5QV

We saw Doc's behaviour on Wed - slating the share all day to try to lower the price, before his jump in just before market close. Now he's out again, he's looking for his Re-entry, at others expense & before the "imminent"RNS!! - take that observation or leave it!

The article was written YESTERDAY and whilst the deal was already being actively considered - If you bother reading the article in its entirety (as suggested), it covers the hugely compromised global situation - even WITH a Conflict resolution.

"They highlight growing concern among economists that the war's impact on energy prices will continue to be felt for many months AFTER any deal is agreed to end it."

"the head of the United Arab Emirates state oil group Adnoc, who cautioned last week that full oil flows through the Strait of Hormuz were unlikely to return before next year EVEN IF THE CONFLICT IS RESOLVED"

Read it again: https://oilprice.com/Energy/Oil-Prices/Supermajor-Warns-Oil-Prices-Could-Hit-160-Within-Weeks.html

Also, consider the following: 'China’s Return to the Energy Market Could Become the Next Global Price Shock'

https://oilprice.com/Energy/Crude-Oil/Chinas-Return-to-the-Energy-Market-Could-Become-the-Next-Global-Price-Shock.html

Keep Up!

READ THE FULL ARTICLE - These people are apolitical & completely pragmatic in their Assessments.

*Nonsense from people like Bad Prophet & Doc are exactly that - and purely for their own selfish agendas - I'm sure our Main Farrm In Counterparty (and other parties to the Farm Out, are well aware of the dire Oil supply situation - WITH or WITHOUT a peace deal.

"Exxon SVP Neil Chapman warned at the Bernstein conference that global oil inventories are approaching 'unheard of' lows and models show Brent crude could spike to $150-$160 once the operational floor is reached."

in May, global oil inventories plunged by a record 8.7 million barrels per day, with Hormuz still largely blocked. And yet, oil prices are sharply lower in May, in no small part due to the daily market jawboning manipulation by various official and unofficial sources, who signal that an Iran deal is imminent... any minute now.

Only it isn't, and while the market may prefer to shove its head in the sand, the biggest names in the room are no longer keeping quiet."

"the head of the United Arab Emirates state oil group Adnoc, who cautioned last week that full oil flows through the Strait of Hormuz were unlikely to return before next year even if the conflict is resolved. "It will take at least four months to get back to 80% of pre-conflict flows, and full flows will not return before the first or even second quarter of 2027," Adnoc chief executive Sultan al-Jaber said during an Atlantic Council event on May 21."

"if Chevron was pessimistic, the company's biggest domestic competitor, Exxon, was downright apocalyptic. Exxon SVP Neil Chapman had some truly horrifying remarks, certainly not something that Donald Trump would like to hear. We present them below......"

https://oilprice.com/Energy/Oil-Prices/Supermajor-Warns-Oil-Prices-Could-Hit-160-Within-Weeks.html

Ignoring the nonsense Trolling posting, primarily from those upset at the 'NO FUNDRAISE' msg, directly scuppering their plans - and an "IMMINENT" (Company's words) RNS on the Sales Agreement / 35,000bbl Cash sum incoming!

Looking at the Header & even considering a potential conflict resolution, focusing on fundamental Inventory/Supply factors - 'Supermajor Warns Oil Prices Could Hit $160 Within Weeks'

The chap who may be getting a Petro Matad Well named after him? LOL

Jump back into your hole little boy & let your betters discuss the actual INVESTMENT case here. Love sick ramblings / indulging in your 'TBT obsession' are best shared / treated elsewhere ;)

Atb

TT1981 - "I think future generations will look back and think what absolute saddos some of these people are"

Agreed, get a life & post something useful on a stock you actually own, instead of running after TBT like a love sick puppy!

Atb

RNS will be "imminent" if they expect the Sales agreement news to be "imminent", as stated by the company! All the naysayers are perfectly welcome to look at alternative investments _ I wonder why they don't?

Atb & have a good weekend all genuine holders!

"Immanent" RNS is the next immediate catalyst though. For Buck to clear that wording useage, I wouldn't be surprised at a Monday RNS or thereabouts.

There's also going to be a prioritisation of alternative strategic supply routes and why India are looking at Mongolia. Also, worth considering: 'China’s Return to the Energy Market Could Become the Next Global Price Shock'

https://oilprice.com/Energy/Crude-Oil/Chinas-Return-to-the-Energy-Market-Could-Become-the-Next-Global-Price-Shock.html

We can expect elevated oil prices for a long time yet and given the necessity of building up emergency reserves used & the infrastructure damage caused. They expect an( eventual) settling around the $95bbl level, with a transient pull back perhaps slightly lower.

"IMMANENT" was the term used. Mike Buck is usually extremely reserved in such statements, so Imminent RNS it is!

Assess it yourself - Not on anyone's word & certainly not that of certain posters caught out by the NO FUNDRAISE part of the AGM!!

https://youtu.be/XOdNyxaQAmg?si=iRBS_6TSZeDLx_du

The following is AI generated (I'll always state that if AI is used in any specific post):

"Currently less than c.$30M USD Mkt Cap, so the market's fundamentally mis-pricing a lab-proven discovery that could drive a rerating toward the 22p–35p Net Asset Value (of Block XX only and excluding any Block 7 or Renewables component of the business)." - that's why the Market will be all over this when it's announced & with a 'greater than 50% COS'

With NO FUNDRAISE CONFIRMED, those using a 'LAMENTING STRATEGY' in their posting perhaps should take heed - It's quite a pointless way of looking at a stock.. This is an investment proposition with significantly different variables in play than in the past. Assess it as it is, based on those specific Investment criteria & not some meandering litany, often masking a selfish trading agenda ;)