Member Info for Mirasol

"Mirasol" been in Angus years lol"like all the other oil stocks you pull down, pull the other one."

BV - the value of what 's left in the dog stocks its hardly worth paying the fees to sell them

Think - you might have gpt 1.6 p form SOU 6 months ago and invested it somewhere better

well you could have lost a small fortune on here this year Rob

1.8p after first gas? it was supposed to be headign towards a £1

Ahh Tymers!! I think he was forecasting the market Cap not the SP

Tymers 21/01/20
Stick. Well done and you have been listening . Today's so is for most investors golden ticket beyond the 50 percent traders this has 25p written all over it for 2020.glh

I don't "flip" shares PPush - I've been in this for years - and very painful too. But there's reasonable criticism and there's silliness and the idea off a daily update is the latter

yes Push - but they are supposed to factor all that into the plan

the problem is , on site, its often like those old games where you have to move tiles around to complete a picture and you only have a single space to work in.

They will have the same issues on rig-down. 10 days is a standard cushion for a simple well - lets hope they don't exceed it .

"Total capitulation to the Putin anti fracking lobby, " which seems to include a lot of Tory MP's and even more Tory Councillors

Overreaction by the market - although EDR hold a lot of acreage that would benefit from fracking, .the current business is purely conventional. In fact EDR have never participated in any fracked well IIRC

Time to move on

Haggis - you assume they have a long term plan and are not communicating it to us

My guess is that they're thrashing around, in an admittedly unbelievable fiscal & political environment, and can't decide.

"Winnifroth has made this personal. When he fell out with DB over the investigation on Brailey, he started a campaign of hate against DB and the company. "

I rarely agree with TAC but on this he's right - Tom W is not a trustworthy source of news and he flips his opinion on a lot of companies. Most small companies discover this to their cost. Steer clear

"who’s lending the shares to short?"

Joker, once again - tell us how to short small oilers.

It just isn't possible and there has never been any evidence that anyone has or can do it - short of a straight bet - which turned out badly for those who tried IIRC

"Shouldn't we have had an update?"

Enzo et al - as a fully paid up green , putin paid, bridge dwelling Greta Thunberg fan I can tell you there is no point. The company isn't going to issue daily bulletins, give you a direct live feed from the drill floor etc

Nor should they - they have better things to do right now. Assembling a rig, especially on a site already covered in pipes and other kit is not easy . It has a level of risk and danger is not done correctly. These things often overrun by a few days.

The only people who demand daily updates are the miserable day traders stuck in their back bedrooms desperate to get a tiny spike so they can make a couple of quid.

"No impact. We do not currently and do not plan to frack."

I understand that it will be very very difficult to make Balcombe work without fracking.

" not through fracking but using more conventional Texan-style drilling methods"

You know, I don't think that's a great picture to paint . In most people's minds Texas = JR Ewing

"There was another aspect to Truss and Rees-Mogg's approach,"

Every politician in the world has watched what happened here. It's murdered the idea of lifting "supply side constraints for a generation" - everywhere

"I wonder if Mr Sanderson takes any pride in his work here at UKOG? "

Is there any evidence he is still with us? he hasn't even given a soft soap interview in ages

Maybe we should call in the police

"That had some pretty high numbers when it flowed before."

Really?

The test utilised Nitrogen and coiled tubing to clean and prime the well which when removed
allowed a natural flow at 853 bopd equivalent, not including 22.5% water. A second flow period
was undertaken with the well flowing naturally at 1,587 bopd equivalent, not including 6.6% water.
The Balcombe-2z well produces from a single Micrite Layer, just one of the Kimmeridge Micrite
Layers. During the initial flow period, the well slugged at up to 3,000 barrels per day which had to
be reduced as it exceeded separator operating capacity. Duration of the test runs were limited

BUT - they never mentioned how long those flows were for. Those of us who remember previous Weald RNS's from ANGS and UKOG know this is critical

or 6 months wait..............

I could see that the OGA/NSTA felt they were taken for a ride by Trice and friends. Approval for the development was fast tracked due to political pressure when nothing else new was happening offshore. They probably now go over anything from HUR with a fine toothcomb.

"Grant Shapps to Business & Energy - a slippery weasel, no doubt 'open to persuasion' on fracking. "

hmm he's swung both ways on fracking before - the most untrustworthy of all the Cabinet TBH

"News has been imminent for longer than I thought."

Must have borrowed the dictionary from ANGS