Member Info for Mirasol

Starting to sweat BV?

The Financiers won't need you on here once they've taken the assets over

103.47 million cu ft is the hedged amount for July 2022 = 3.34 mmscf per day

that's 1,125 mm therms approx for July - spot is running around £ 2- £ 3 per therm

" during the week commencing 20 June 2022"

Pretty clear I was told by one and all last week as were others who have been burn't by believing ANGS management before

Number of "newbies" around this morning

" is the reality that 1st gas is imminent "

Like when GL was raising funds "imminent" - that took 9 months and every day anyone who questioned it was howled down by the ramp brigade.

We are late again, and the SP is still way under the SOU offer of earlier this year

It really is starting to smell

"Does anyone think that slicing here and putting in Equinor"

from the ridiculous to the sublime.................. at least they don't leak like a sieve

'Additional development drilling on Lancaster doesn't even have to access additional reserves. Simply accelerating the already identified reserves has a huge positive impact for a couple (or more) reasons. Not least.. by accelerating extraction, the reserves can be evacuated sooner, and thus reduce the not inconsiderable cost of keeping the AM on station. The most economic way to produce from a field is as fast as possible (within limits) and then shut in.."

The NSTA/OGA have strong views on such things - they aim to get the MAXIMUM out of the reservoir - rape & pillage is not allowed

"The only way to derisk Loxley is to drill it..."

True - and the fact that Godley Bridge (which is what it really is - a change of name to avoid simple folk from realising it was a dud) has been parked for years. It's Risk and Cost benefit analysis - the risks here must be similar to Basur -insufficient seismic, depth conversion problems. And of course no money in the bank

"As evidence of the forward-thinking information provided in the 20/21 annual report, this was the 2nd paragraph of the Chairman's statement:"

yeah yeah yeah - him and every other fossil fuel company Ocelot - and now we're into gas storage - I wonder why???

"I'm expecting SS to buy up all the old coal mines and start extracting methane on the back of that study."

There was an outfit that used to do that - Alkane? EDR bought some of their acreage IIRC

"Nice rise in to the close on Friday"

5 hundredths of a penny...........................

"Wasn't this an invitation to industry players to get in touch "

yes - and how successful has it been?

No serious player is interested onshore UK - no-one has farmed into successes like Wressle, and SFB ( proven gas field) had be given to ANGS with some cash as an enticement.

"and widened the range of their projects. "

what we've actually seen is conveyor line of "transformational Projects" - only one of which has actually worked (and is non-transformational. Gradually BBr, Markwells Wood, A24 , IoW fall off the conveyor belt into the dustbin but they're replaced in a steady stream by Turkey, geothermal, gas storage etc etc.

What is constant is the remuneration of the BoD and the constant dilution

"The idea that P6 is about to run dry is a pure lie..it's got another 2 years in it and I bet more"

The worry is the pump - not the reservoir which is behaving predictably currently

The Company has a single point of failure - which they need to address by getting more producing assets ASAP

'Contractors are working toward a target date for first flow of well-head gas through the plant during the week commencing 20 June 2022 "

Clearly they weren't working hard enough

"The only consideration that I can give you is that now all permissions for the 6 wells, water injection and transport are now in place for HH."

That's about £ 15million - where is it going to come from Wiz?

"I haven’t “ramped” this or any other share for about 3 years. I have been super cautious to say what I observed, report what’s happening."

Tony13579 Posts: 4,741 Price: 0.25No Opinion 03/05/21
RE: Horse hill ... ongoing plans.... for Kim and PortlandToday 06:01
For all the negative spin ... This is my take.
Horse hill is producing.
Production will increase when the EA approve the change to permit in a few weeks

Update on Basur-Resan any time (the last RNS was on 20/04)
Could there be news of a farm-in at Loxley now that the appeal has gone UKOG's way?

Maybe we'll never here of Turkey again

And as we keep pointing out anyone could have farmed into Godley Bridge/Loxley at any time in the last 20+ years

" I think the risk of the well drying out is close to zero f"

I think you mean watering out

But the real risk is mechanical failure of the pump - that is not an overnight job to source a replacement and then get a rig out there to replace it

"I think the point Infor is attempting to put across is that Harbour has are several assets in operation, has a forward plan and several new projects in operation whereas Hurricane is a one well outfit with diminishing life, with no forward plan and no ongoing assets"

This is the critical point for LTH's - Harbour have options - HUR currently has none