Member Info for Mirasol

"hat the 'intellectual property/data' of HUR's development of a fractured basement field "

Well it would tell them what not to do I guess. There are a lot of basement fractured fields across the world - some offshore Vietnam for example - that work fine - unfortunately HUR got it wrong

"So Mr Pye was correct. He called it right."

he was indeed - but at the time someone who had met him said he wasn't exactly a diplomat. The issue was that Trice just steamrolled anyone who disagreed with him - they lost the FD over that fabulous deal to raise money from the caring, supportive Bond Holders IIRC

"So we can't drill P8 because someone is not comfortable, "

have you ever watched "yes Minister?"

"not comfortable" is Civil Service speak for - "we think this is the craziest , most lunatic idea we've ever heard (even from you lot) and it will break all the rules that we have on flaring"

"Hi baits, the mud logger takes rock samples from the shakers to determine the drill depth as they proceed."

actually no - the wellsite geologist uses the samples to see what rock formation they are in and compares it to the prognosis. They know exactly where the drill bi is in x, y z from the amount of pipe in the hole and the directional drillers readout.

In a high angle/horizontal well like the sidetrack its really important to know where you are geologically - once you get near horizontal you risk drilling along just above the target and you can't execute a simple , immediate, turn down to hit the gas layer. Getting too deep isn't as bad but then you have to adjust the well so its drilling upwards at an angle - that leave the "heel " of the well lower than the formation and risks water coming in and cutting off production in the future while there is still a load of gas in the horizontal section.

"Ells so called expert, So what you are basically saying is you are a professional trader "

Not even that - its Adrain operating out of his back room and the local pub at a site somewhere in S England - he's so far under water he might be in the bar of the "Titanic"

"that's if institutions can support the stock above ."

INSTITUTIONS? Have you finally flipped - they were never, ever interested here - the words founded by David Lenigas was as far as most of them read - and since? The Bn barrel gusher............... Turkey, Portland

"I dont think l the present share holders are really interested in a profit in 3 to 5 years after a commercial discovery is cofirmed in Turkey ?"

2 years before they started production I'd guess - but who would pay for all the kit? Guess...........................

"The relationship between the NTSA appear and HUR mgt appear somewhat strained"

There certainly was tension in the Trice days - some in the OGA wanted to support Trice and crack on as fast as possible because there was nothing lese happening offshore. Some of the technical guys felt they were being pushed for political reasons - IIRC someone went public on it

found it :-

https://www.energyvoice.com/oilandgas/north-sea/280759/oga-geologist-clashed-hurricane-west-shetland/
Mr Pye alleges he was kicked off the review process in 2017 after a “stormy” conference call in which he claims to have challenged the company’s interpretation of the reservoir and expectations for production. His removal from the process was specifically requested by Hurricane’s then-chief executive, Robert Trice, in an email to the OGA in February 2017, seen by Energy Voice.
Mr Trice said feedback from his team indicated Mr Pye was “inexperienced” with respect to fractured basement reservoirs like Lancaster and that the geologist was “unsuitably placed” to do the job.He also complained about Mr Pye’s “demeanour”.
In a response to Mr Trice, Gunther Newcombe, the OGA’s then-operations director, said Mr Pye’s technical capability was “highly respected”. But Mr Newcombe acknowledged Mr Pye’s “line of questioning was not helpful” during the call and that his behaviour may have been overly and uncharacteristically “robust”.

I don't think we've ever been told what the production choke is but the constraint has always been the gas flaring

"Mirasol think most on here would be happy if you did one with being so popular ?"

Thanks ASh - but instead of worrying about me perhaps you can explain why this share languishes under 2p at a time of record high gas prices and actually in production?

You need to have a customer for the electricity - Ok you can use some of it on site but I doubt you save much as you still need the backup of conventional sources. Egdon survive by NOT paying out on extra kit - they have always been extremely careful on capital commitments

"They should have gone ahead with drilling P8 and then argued the case for further flaring consents a"

That would have been a very brave decision - even assuming P8 worked (which is not a certainty) they could still have been knocked back by the NSTA - who would rightly point out they had warned HUR that they had to have a solution to the flaring issue BEFORE they drilled the well. I suspect the NSATA would see it a a flagrant attempt to railroad them. They are still bruised by the way Trice pulled the strings and got the original FDP rushed through over their opposition.

$ 40++ mm and no approval wouldn't have gone down well on here

"JokingU UJO is not being shorted."

Rampers claim the stock is being shorted every time it doesn't SOAR as they need it to - no-one ever explains how shorting small cap stocks on AIM actually can be achieved.

"Even bids for deliveries starting years into the future are being rejected.”"

That's mainly because the suppliers want people to lock into long term contracts (+10 years) at high prices. The buyers are looking for short term contracts

Still posting RT?

You promised to leave remember??

If you have a£ 500 mm to spare - yes..................

If you posted as many "events" as Gavin did you'd be right sometime - he's the worst of the rampers on here - its all made up

"Is successful "

Therein lies the issue

"Is Shell willing to pay 8p per share"

No - SFB would be 1/57000 of shells current production

"That’s being generous mirasol…"

That's me - one of life's optimists Rich................... :)))))))))))))))))))))))))