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Hi Guys if any are looking for a UK oiler this one now looks in a good position.
https://twitter.com/proactive_uk/status/1483834160808697865?s=21

and JP is back in Utah

If we end up with another AGM and no real forward momentum with TOM I will be attending and I wont hold back.

Oil still on the climb $87

Well as far as im concerned, sting on it is not good enough.

The danger to this type of extraction is if the Arabs get hold of it the shelve it.
If so then they will have to take out TOM also. as we have the multi licence.

Larger oil co's will be interested as the extraction is clean and on a vastly competitive rate. this type of extraction is the foothold to oils co's now is what fracking once was to them.

Posted by Swizz on one of the PVR forums.

“Oil surged more than 50% to around $80 a barrel. It’s almost up another 10% so far this year. King said it could soon hit $100 and even $200 over the next five years due to a lack of exploration and investment to maintain existing supplies.”

“We believe in structural supply-side commodity inflation that most will not have ever seen -- the highest since the 1970s,” he said in an interview. “Only OPEC will react to price metrics and they are undershooting every month.”

hTTps://www.bloomberg.com/news/articles/2022-01-13/commodity-trader-king-eyes-200-oil-after-record-hedge-fund-gain

Lee. most of us big holders have been in this for many years and are able to handle the long game.
If the PQE payout arrives while we are this low it will allow mw to double my stake in this

Yep but the SP just is not going any ware. It is a real shame as the co start to turn a real corner ans the markets hate it.

As the last months have unfolded, countries with gas need to exploit it and shut off Russia.
Gas is now seen as a transitional fuel and will be needed for a good few years, so lets use the recourse on our own doorstep.

Hi Wonga, it was the production well that I thought the reference referred to in I think one of the RNS's

Also was the idea on deeper extraction to put captured carbon back in the ground at the same time

Yep the report has no figures for the deeper zone. so once that has been drilled and assessed, we will have a add on value

So do we take it that they cant afford the three drill program

On A $80 Average at 260 a day we will be at $7.6 mill will be £5.5 mill
But I can see the Wressle site doing a higher output & gas production.

And we wont get the news from other sources now, bring back PQE at lease they would let us know what our co was up to

That was John Potter getting excited in an interview, the RNS stated it would start to drill in 1 quarter

Looking good and with it being restricted as well.
Also the gas at some point will be added to bottom line.
And oil holding at a good price also.
By April we should have pocketed around £2.5 mill

I see bunker fuel has a large price variation
As ours is near zero sulphur douse this put us on the high price end of $860 a metric tone as that would be around $120 a barrel