Member Info for Ja51

Still listed as Solo on LSE and the RNS Mirasol...not a done deal yet.
They do however share a director in common with Prim who of course Rupert L and family hold a large shareholding in!

I was just giving some guidance to a new poster Ocelot. They have been posting less than a month and have made a few faux pas in that short time............every day's a learning day after all.

A good bit of reference for you. Have a read-through of the attached and see if it explains any of the ringfencing arguments put through on this BB.........and the Reason they will be De-commissioning those wells. Pay special attention to the section regarding future finance and being a going concern in that regard!

https://www.ogauthority.co.uk/media/4903/oilgas-financial-guidance-consultation.pdf

I note that Solo mention possible European gas deals in there RNS earlier???

" I don’t have the time to devote to my investment that you have"
Could I politely suggest you spend your time you do in a bit more research instead of being my personal watchdog!
Its must be getting a bit embarrassing for you now being wrong so often?

LLTM
Do you not read RNS's and the Q&A?
They were supposed to start De-commissioning last month? What a surprise it got delayed for another month due to Christmas and a sign off from an independent well examiner so work to start "Apparently" imminently.

I don't have offline communications with anyone......or multiple accounts by the way. A fair few on here over the years do and have, however.

LLTM
For how long?? Three months max with the plans they have announced! How much to De-Commission those 2 Saltfleetby wells for example?
You're really clutching at straws if you are suggesting I have liked my own post. I think even you know I wouldn't stoop that low.

I think more to the point is they are the lender of last resort! Will they issue the next £500,000 knowing how hard its been to offload a mere £100.000? Then where does the next lot of money come from?.......as they are going to need it.
An open offer as promised.......anyone fancy that????

October production figures just out

Oil 6.86 Boe/d
Water 3.07 Boe/d
Water cut at nearly half now!

https://data-ogauthority.opendata.arcgis.com/pages/production

How about the other 17 on the list.........plus the ones listed??

I shouldn't pin your hopes on the 25th Feb planning meeting happening also! Looks like they are still waiting on info.....Page 26 from the agenda next week.

County Matter MineralWSCC/071/19
(Chris Bartlett)
Angus Energy Ltd
Remove drilling fluids and carry out an extended well test. This proposal is a two-stage activity: 1) Pumping out previously used drilling fluids to ascertain any oil flow (up to 4 weeks) 2) Should oil be seen to flow, an extended well test would be carried out over a period of 3 years.
Lower Stumble Exploration Site,off London Road, Balcombe, Haywards Heath, RH17 6J

HMr Bill Acraman

08/10/201907/01/2020108

Further information from agent/applicant sent out to consultees.

https://westsussex.moderngov.co.uk/documents/g2030/Public%20reports%20pack%2004th-Feb-2020%2010.30%20Planning%20Committee.pdf?T=10

Come on Ocelot!............... They set the rules.
Pretty simple to cut and paste so people could vote................... as they said!!!!

Well this hany happened?

MESSAGE FROM THE M.D.
We have received, on the cut-off date, one particularly long submission comprising some 20 questions! We apologize for not loading these questions at this time for voting on. We will split up the questions into a manageable format and load with answers before the 30th as otherwise detailed. Questions relating to the economics of Saltfleetby have been immediately addressed as they have been circulated on share boards and could be seriously misleading both to the questioner and their audience. Thanks again for allowing us the opportunity to point out some misconceptions.

I guess they have till the end off the day but thats not what it says........

Heres a non-baseless one-liner.
£900.000 Convertable loan notes still to be implemented.

Good luck YL.

That’s the cost they give in the investor presentation.
In the drill or drop interview GL explained it gets incinerated.

My reasearch resulted from the answers that i have allready asked...as you well know.
If you don't like the information I supply the filter button is at the top on the right.

https://ogauthority.maps.arcgis.com/apps/webappviewer/index.html?id=984eeea3b1664049b12c02a28478bdaa

Lukan has also been clear that the OGA figures are correct
IN 2017 Saltfletby produced 604.,41 tonnes of water................ At £49 a barrel disposal cost it kind of adds up!! do the Maths
And just to muddy the waters further Water cut had dramatically worsened from 2016.............£1 FOR A REASON

Odear LLTM
none of this is an assumption... it's all facts.

It also states that in the latest accounts up to December 18 that the Staff totalled 11. Only a couple of months later the talks started so you can assume said staff have been TUPE-ed Over?
These are costs that need factoring into the current cash balance.