Member Info for Mirasol

"an application to the Court to stay all measures "

What are you going to stay? Them getting the ESP back on production? The Well abandonment ordered by the OGA?

"This is why most analysts put a floor of around $70 on the oil price, with several forecasting around $100/bbl for the next decade at least."

Most analysts are always wrong about the Oil Price - they never seem to be able to call the point when it collapses and then they often underestimate the peaks. I think they look at charts instead of thinking - once oil stays above $70 a whole load of shut-in US production becomes viable again and countries such as Russia can regain a lot of their 2013-2020 loses by pumping like crazy

Scag is correct - LSE DO charge

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They are "attending the meeting" on shareholders behalf.........

Angus just RNS's that they've taken over Alba's 5% of Brockham and have been paid a small amount of cash and a lot of Alba paper to cover previous non payment ....

Ol' Frankensides really knows ho to get a free ride doesn't he??

"Angus release an update, and the automatic picking out every single possible negative continues afresh."

OK Croq - what are the positives?

Another partner hasn't being paying and we weren't told? What does that say about how Alba saw the future of Brockham?? We now have to pay even more to take a punt there?

They're going to try and farm Lidsey - as has been pointed out better people than ANGS tried for years in a much better environment and didn't succeed

No mention at all of Balcombe

Tell us what positives we've missed please?

Who do they think will farm in for a share of Lidsey?

GL is quoting 9.7 bbl INPLACE - so at best you'd expect 3mm recoverable - and you only get a share of that as farminee..........
and never forget the water issue

If Midmar et al couldn't farm it when there was a decent onshore UK O&G sector who would come in now? UKOG & Egdon have no cash, Europa are dead in the water, IGAS are chasing hydrogen, INEOS have gone offshore, UJO will need any cash to push on West Newton (if it works). There really isn't anyone else

"Why should L S E want to charge me £20 + vat for what other brokers do for free"

each broker has a different set of charges - generally the really low cost ones for buying and selling charge you more for each and every add-on - they have t o make a living and that means getting some money off you - they can do it by upping their commission rates or charging you for extra services they provide. It's like Ryanair cp BA

AN EWT is exactly that EXTENDED- you have to flow it and then shut- in and observe the pressure recovery - the longer the better from a PE point of view. They said 6 weeks for each test IIRC and that will be a minimum

Its so good Gorgeous George at Alba hasn't been paying (they didn't pay at HH either) and now ANGS have some really valuable Alba stock -

Sinking ship , rats come to mind

You posted "So, imho, cheap, could easily double and might well go higher still."

So when?

"Means300000*300= 90,000,000!!! Profit a year!!!!"

they have to pay back over £ 200mm in about a years time...................

"10000 bopd x $73 x 365 days = $266 mil revenue . How much it's profit ??"

well as of 5th June Bluewater are paid $75k a day + 8% of the profit

Overall the April presentation said that production cost were around $18 a bbl - that wil have gone up by about $3 a bbl to cover the increase in FPSO rental on 5th June - so say $ 22 a bbl OPEX

let.... me.... guess...........

"Its fair to assume that there are at least likely 20 profitable barrels a day; Should be enough to pay Sanderson's and one other directors pay ; maybe."

SS is on £298,000 a year - that's £ 816 a day - 20 pobd is possibly making £ 1000 aday - that has to cover all the office, Directors , all the non-HH staff and all the consultants

They were able to get a fairly steady 200-220 bopd during the well test and they almost got the same as they started "production" - but since then it's been falling steadily

And production has dropped by half as well!! What's not to like eh Adrian?

News about what? they've got the finance in place finally and now nothing can happen until they get SFB up and running - that's year end before there is any significant news.

Any talk of Balcombe, Brockham or renewables is just that - talk. They don't have the money to do anything and the lenders only lent for SFB

We'll know when some "news" is released followed by the usual rush on here of old and many new rampers - normally they get 5 days to push the price up before the announcement of another dilution

can the rampers tell us how the company is going to fix the pump?

"No need for placing for Lidsey. Permissions and farm out is confirmed.
News on Brockham must be close as Q removed. lets hope its good news."

Lidsey - specifically say they HAVEN'T got a farmin partner yet

Brockham question removed because it they can't answer it and it would bad news - anything remotely positive or possibly positive (gethermal! gas storage!! little green men from mars!!) is shouted from the roof tops - the failures are quietly buried - like Brockham and Balcombe