Member Info for Whouse

Dividend payout Friday 👍

The MMs normally drop it much lower than

The payout..

If it’s still around these prices we should be

Able to get some very cheap shares 👍

Sorry meant to post something different

Not the same as panamapete

Https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Set-For-A-Weekly-Gain-As-The-War-Premium-Returns.html

Oil is flying ✈️ Today

https://www.marketwatch.com/investing/future/cl.1

Can we hit 100 this week ?

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Send it 👍

The MMs caused this Selling off this Morning..

I did some dummy sells and buys

They were offering 0.5740 to sell

And 0.5894 to buy…

Who in their right mind would want to buy with a stupid spread like that…

So they killed off any buying volume !!!

Maybe they put an apprentice in charge

I think some people are hoping to get in a bit lower before the ex dividend date

At least we get 3 months dividends next week 👍

Every cloud has a silver lining 👍

Plus hopefully We still have 2 big RNS’s

to come which could drop Any day

-(1) The capital reduction application and

-(2) The October dividend declaration 👍👍

Oil is looking Good today

https://www.marketwatch.com/investing/future/cl.1

Possible news next Tuesday ?

Rns said 3 weeks from 7th August..

7 Aug 2023 07:00

RNS Number : 4115I

Prospex Energy PLC

07 August 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

7 August 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Italy: Selva Field Development

Successful ramp-up and commissioning of the

Podere Maiar-1 gas facility in Po Valley

1,800,000 scm gas produced during ramp-up and sold

to BP Gas Marketing

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment

company focused on European gas and power projects,

is pleased to announce that Po Valley Energy Limited

("Po Valley Energy") (ASX: PVE) has successfully completed

the ramp-up and commissioning process at the

Podere Maiar-1 ("PM-1") gas facility of the Selva Field.

Po Valley Operations Pty Limited ("PVO"), a wholly owned

subsidiary of Po Valley Energy, is the Operator of the

Selva Malvezzi production concession with a 63%

working interest, while Prospex has the remaining 37%

working interest.

Highlights

· The four-week ramp-up and commissioning programme

at the PM-1 production facility was completed during the

week ending 4 August 2023

· A seamless ramp-up and commissioning process has

concluded with slick line rig removal of data gathering

memory gauges from the lower C2 production zone as

part of a three-day scheduled shut down

· Production at PM-1 has recommenced with forecast

daily production levels of 72,000 standard cubic metres

per day (scm/d) until all data analysis is complete

· Gas produced during the ramp-up period is estimated to be

approximately 1,800,000 scm with 100% of this gas sold

to BP Gas Marketing under the 18-month supply agreement

** Detailed analysis of well data is currently underway**

***with results expected within three weeks****

· Further upside potential at the Selva Malvezzi

Production Concession (Figure 3), as Po Valley Energy,

the operator, intends to advance other projects within

the concession.

The current commissioning status of the Cascadura facility

is as follows:

testing of the flare system has been successfully completed;

·introduction of fuel gas to the recycle compressors

has occurred;

· introduction of fuel gas for the generators to provide

power to the site has been established;

·all safety devices and equipment have been tested

and are functioning; and

testing of all electronics, alarms, and systems at the facility

to ensure full functionality is 99 percent complete.

***Touchstone anticipates initial sales volumes****

*****during the week of August 28, 2023.****

Next week 👍

In my opinion It’s the fear of the “unknowns” that is causing

The share price to keep falling..

Once the The q2 half year results are out..

And the capital reduction is announced..

And also what the company is planning to do throughout

2023 We should then have some stability in the sp

At the moment the fear factor the “not knowing”

is pulling it down..

So maybe next week we will be in a

Far better position and hopefully a lot wiser…

The MMs are playing all sorts of tricks to try

Shake some shares out of weak hands like dropping the

Bid to Just 0.13 so but a dummy buy or sell will tell you

The real prices…

Any sells are very quickly mopped up by the

clever investors like JP Morgan and others

Looking like it would cost more than $300M to get Jason Dranschuk paid if Athabasca asset sale serves as a comparison.

Athabasca ($ATH.TO) sold 3K boe/d of Montney/Duvernay assets, 45% liquids for $160M or $54K/flowing barrel.

I Guess J.D could always think about becoming a seller

instead of a buyer

And sell the same amount for over 💵300 million👍

Now there’s a thought 🤔

Is it possible that we could hear back from the high court

Over the next few days

See The company

IPEL impellam RNS”s

So Roughly what is the average time before we can

Expect to hear from the high court

Regarding our capital reduction application?

Obviously not everyone is fearful 👍

https://www.marketwatch.com/investing/stock/ite?countrycode=ca

Oil price is doing very well today

https://www.marketwatch.com/investing/future/cl.1

American oil reserves at a 40 year low

The Biden administration has already begun what will

be a years-long process of replenishing the reserve.

So far, the Energy Department has purchased 6.3 million

barrels of oil for the SPR. Officials have also announced

plans to acquire another six million by August.

Although important symbolically, those 12.3 million barrels

represents just a drop in the bucket.

The reserve held 346.8 million barrels of oil as of the week

ending July 7 according to federal data.

That’s the smallest amount since August 1983

and down by 291.3 million since Biden took office

in January 2021.