Member Info for Mirasol

" but the present management have failed to inspire. "

the previous management was Dave Lenigas........................

" why isn't this standard operating procedure??? why wasnt it done a year ago??? I"

because you need to be certain it'll continue to flow - you need several months of production data to be able to come up with any reasonable data forecast on reservoir performance. They'd look very silly if they bought the kit and it went to water in 3 months......................

I can't see anyone coming in with a bid until after the mini-budget and the week or so after it while people go back and crank the numbers on their current operations.

"What's a realistic long term share price target for UKOG ?"

0.0000001p

"Remember to hedge next time in both UKOG & Valirix nomiungu."

come on Adrain - you know you can't hedge these stocks - no-one will take the other side of a certainty of further dilution and SP fall

"Shell Operatives on site this afternoon."

Changing the oil on the trucks?

"Its Brockham onshore project in Surrey was granted planning permission in April to produce oil at its BRX4 well until 2036"

latest NSTA figures for July show 10 bopd - doubtful it is covering the costs of production

"Of course it does beg the question why did they report "instantaneous flow rates of 884bbls/day" in September 2021 when the daily rate was never more than 650 and went as low as 350,"

Anyone who invests in AIM oilers knows all about the "rates" trick - unless it comes with a time period its the highest possible rate they ever think they saw - even if only for a millisecond.

"other known rogues"

And you? remember how you ramped the bejasus out of UKOG and then disappeared?

"The 'rampers' hold shares, the trolls do not."

evidence please

Adrian - why do you post links to your own twitter feed?

probably need a special bit to cut through the steel pipe - then change out for a rock bit

"Disappointed with Resolution and Endeavour, ok there's an extension of 12m but, at this point in time, there seems the only plan is to give up if we don't get a partner."

Without a partner this is very tough - several million needed for a 3D and then $ 20mm++ for a well - and that's just the start. You'd be betting the whole company

Agreed sensman - Tax credits in the past have gone for 30%-50% of the value ascribed by the seller.

You need good tax accountants but 8000 bopd pays for that

I'd bet on the steel works - EDR had a deal years ago to provide gas from Kirleatham to the steel works site in Teesside

They have the contacts and previous discussions of all the issues

Think Push is right 0 there's no reason to say exactly where they are every day - (unless you're a day trader)

A couple of weeks drilling and then maybe a week to log and get some results. People need to remember that they will have a couple of logging-while-drilling (LWD) tools on the drill string they'll probably need to run a full set of proper logs on the drill pipe (not on a wire) as the well will be high angle/horizontal - that's a much slower process as they have to add the stands 90ft at a time as you've seen in someof the videos.

Probably day traders re evaluating their position as costs go up and the bills come in

- you have to dump something and this isn't going anywhere soon so get out now

any idea how long it takes to sue the Government? and what it costs??

Originally y I think they were aiming for around 25 Bcf recoverable - but I did see something not long after they started production that it might only last to 2017. I can't find any numbers for production to date

seems to have been shut in for most of 2021 and last NSTA numbers were 2mmscfpd in Aug but it was 6 mmscfd gross in April.

"I'm new to this board. I have been a LTH of UKOG and if they finally get their act together I will be a millionaire. "

well that is never going to happen - one of the 5 worst shares on AIM