Member Info for Mirasol

" If you want to see construction then look up Ninian Central construction"

they don't build them like that anymore - these days it all FPSO's, subsea production and slim line platforms

Looks like UKOG are sinking..................

"It is between the bid and ask so why would it be a sell. Much more likely to be a buy as I am sure the MM's would be buying at Bid which is 0.011 rather than 0.0115. Otherwise they are saying they need shares and are willing to pay above bid"

Hey Alan ely al - stil think that monster sell yesterday morning was actually a buy? A clear case of insider trading it seems to me

But what if it isn't positive???

150 million sell this morning.......

Sounds like someone lacks faith

"A nice bit of constructive reality there Mirasol."

I try and cal lteh facts as they are - I would however point out tho' that these numbers are wayyyy below the forecasts in the two CPR's done on Saltfleetby.

They really need to update the forecasts and give us some decent production guidance - they will have them as they must be using updated numbers to talk to the Lenders - nice if they shared them with the owners perhaps?

Navitas can't say anything about drilling in PL001 until the deal is signed off by FIG etc etc

He has a good reputation IIRC

"Seriously Mirasol, you're telling us you don't get it, Hydrogen is not going to happen, "

I think you mis-understand me. I never said Hydrogen will happen - in fact I've always said it's dreamland - as bad as Nuclear Fusion. I was talking about storing ANY gas. The Treasury don't like the idea and the politicians are afraid of headlines in the Daily Mail about "extra costs for energy". Doesn't matter tho - UKOG have no gas, no hydrogen and no plans other than to continue to pay their own salaries and the fees of their creatures such as Ocelot.

You cannot drill from the FPSO.

One rig can do either a production well or an exploration well so you would need to find a slot in the development programme to drill an exploration or an appraisal well.

Given the remaining unknowns in Sea Lion production and Navistas's background as a development company rather than an exploration company, they will almost certainly want to drill the Phase 1 development wells first. There is a case that if the first 4 or so development wells come in as prognosed then they take a short brreak and drill a single exploration well - if only to give the reservoir development guys time to catch up on a shed load of data.

I suspect that might be well in PL001 very close to Sea Lion - a success there could really enable them to kick off planning for extended Phases 2 & 3 of Sea Lion. That will deliver more cash flow sooner than wandering off to drill an exploration well elsewhere on acreage they already have sewn up for years. And it would probably tie up PL001 for another 10 years as well

18-Mar-26 0.1472 m.cu m per day

19-Mar-26 0.1225

20-Mar-26 0.1882

21-Mar-26 0.1906

22-Mar-26 0.1871

23-Mar-26 0.1757

24-Mar-26 0.1874

25-Mar-26 0.1878

26-Mar-26 0.1854

27-Mar-26 0.1757

28-Mar-26 0.1790

Thirty day running average 0.1727 m.cu m per day - clearly stabilised

m.cu m per day

"Haven't Eco got a carry on a drill on PL001 up to $14m, I am pretty sure I read that somewhere. Either way, we are 9 months away from the rig arriving, which would imply the rig sets sail in Oct/Nov."

Jeez ... PAY ATTENTION -Navitas farmed into PL001 back around Christmas for heaven sake. And it's covered in the Eco release and JHI releases and Navistas releases.

"I struggle to see why anyone would expect Trump to betray his country’s plans to the enemy."

but eh's on Twitter and similar every night telling people his plans, he shows his friends and the press classified document, his creatures all do the same.

He had no plan and it's clear the Mad Mullahs know that all they have to do is sit it out and he'll be toast come November. Americans believe they have God-given right to petrol at zero cost - they're very very unhappy now

"What I don't understand is why the government seems to be in no hurry to define the storage revenue model, without which the private sector can't really commit significant sums "

The Govt always refuses to back storage as they would have to allow prices to rise by a tiny amount to cover the costs. Thats what sank Infrastrata way back and they had marke cp of £ 300 mm IIRC

" I made a lot of profit here wiyj Lenigas."

then you name is either Lenigas or you are unique...............................

When discussing "signifcant" companies there is an understandable tendency for uk shareholders to look at companies they know. E.g Shell & BP.

There are over 100 seperate oil companies operating in Africa alone and I'd say at least 30% of them are '"significant"

Navitas will be looking for someone well funded and aligned with their vision. Certainly someone they feel happy working with. That is unlikely to be a super major, they are known to treat smaller companies with disdain. They, especially Shell, think they know it all.

It may well be someone you've never heard of. It could even be Beacon for example.

It really doesn't matter if a new entrant is capable or not.

Its only thr Operator you need to watch and so far Navitas look prettty good

Yes ignore everyone who points out that we still can't trade our shares, that the debt is vast and unkown, that the ceo is missing withiut any explanation and that rhey can't even get the accounts out on time ( i suspect the auditors wanted their cheque to clear)

This outfit never gets anything correct

8+ ramping postd on this dog.

They've never done anything with previous MOU's