Member Info for Mirasol

Historically you pay circa $50k per producing bbl.

So 90 million buys 1800 bopd approx

Another appeal which they'll win but months of time and effort wasted again

Show us evidence that most people back fraccing please. The latest numbers show only 17 % in favour

RT you still leav8ng us as promised if the SP isn't 5p ???

" Gas is coming!"

Its been coming since 1st June or any one of 6 or 6 other sates

I guess eventually it might - by which time it'll all belong to Mercuria

"I wonder if Lucan will come clean tomorrow,and admit it’s not going to happen."

Whatever he says "he'll be pleased to report....."

"Don't tell me Miserable Soul Mirasol is bashing away once again on a Sunday morning..."

The rampers were on here long before me today Doctor - check Adrian's latest incarnation

"There will be loads of support for fracking in Sussex and Surrey when the locals are offered free energy bills by the fracking companies."

For 3.6million people Adrain - really? HH for example doesn't produce enough oil to run a single average petrol station

Even Ms truss said "subject to local approval" - and there's just LOADS of support in Surrey and Sussex for fraccing - we all know that - we've seen thousands flock to every well site and worship there.....

Adrain - why do you bother?

" we should allow fracking where local communities support it."

And not a single areas has so far said they'll support it. Electoral suicide and they all know it

"There is huge support to bring back fracking for gas onshore UK. The majority of people want fracking for gas reintroduced"

The last Government survey showed

45% against
17% for
39% don't know/don't care

"My hope is that that comes from monetizing other holdings and that they have taken a fundamental decision to make HUR their last holding to monetize to allow as long as possible for true value to accrete. It is what I would do, and accept a black swan event risk. "

That's a risky strategy - with the OP around peak and a slight, but steady , decline in production the time for CA to get out is now. As people have pointed out there has to be some expenditure on something to keep HUR in business and why would CA do that? Take the money and run I think and leave the future to someone who has a longer term view

"Ibug, So what is it that attracts you to UKOG, a participant in an industry where investments are for the long term and a company which pays no dividend?"

So why are you here Ocelot?

"What are they doing with all the waste water as there’s a water shortage can’t it be cleaned and used"

it's sent off for cleaning - costs a fortune - the main reason small UK oil fields finally stop is the cost of water shipment and treatment.

I like the calculation but we'll probably find that the BoD decides to blow it all and buy UKOG & ANGS..............

You're not answering the question Ocelot - it's very simple - do you believe what Steve Sanderson says?

Ocelot - do you believe what Steve Sanderson says?

VHB sounds a lot like ocelot to me

never a breath of criticism of the BoD or their actions (or lack of same in this case)
Very measured "tone"
Cut and paste merchant as well

Ocelot - do you believe what Steve Sanderson says?