Member Info for Mirasol

we discussed this earlier - RNS will probably be between the 10th and the 18th

News already baked in

At 0.1p that would raise about £ 9.7 million - two wells at Loxley, some money for Portland and Turkey.

Another year of life bought for the BoD

looks about right

And of course the dreaded Ms Finch and her squirrely lawyers will be back - perhaps anther crowd-funded appeal to the Supreme Court on the Sec States decision?

". I would expect any drilling to be fast tracked in time for winter"

They need £ 3 million and a rig ..................... they have neither

"The Loxley Gas project is set to take months not years.....could be producing Gas very soon and helping the country by the winter."

They have to raise £ 3mm, find a rig, drill the well, then apply for permission to test , test, drill an appraisal (another £3mm, apply for an FDP , build the facilities (more money). It's taken Angs 2 years to resurrect Saltfleetby , which involves no new drilling. Which winter are you thinking about TH? 2026?

Apologies - you're correct - decimal point in the wrong place

:(((((((((((((

RNSTranslator has posted the following over on UJO

“I see low risk with Angus on the basis any delay would see a strong recovery with patience as the gas will come on line. I wasn't aware of a time constraint in terms of their supply contract”
They have to supply 1.125mm Therms in July (and Aug & Sept) for which they will receive about 41p per therm. If the field can’t supply it then they’ll need to purchase in the market, currently £1.40/Therm.
You can do the maths…any delay or under performance is painful. That’s why Understanding the potential downside risks of an investment is important. Simply “believing” is not investing."

They'll owe £40 million a month if they don't get a move on - how much equity do you think that will leave for us folks? They'll be bust in a few days.

Must be lonely Bv being the only ramper left here.............. and that hedge just gets bigger and bigger in the front window doesn't it?

"the truth hurts doesn't it to an univested sewer Rat like you""

Who would listen to a potty mouth like this?

"Basically stop stressing and remember the old adage "It'll be alright on the night"."

I just remember the Yorkshire Potash disaster - sometimes it isn't all right on the night

"I note you post negatively on UKOG, Egdon, Angus etc, to name but a few."

Not on Egdon, RKH or HUR but I call a spade a spade

UKOG +8.9p down to 0.13p with massive dilution
UJO 0.45 down to 0.14 with a 200 to 1 reissue in as well
ANGS 35.75 down to 1.05 with large dilution and 23 days away from having to buy gas in the market to meet their hedge

Do you think there's a reason for being negative TAC? Or are all these great stocks that people should buy??

BV NEVER posts anything of value - its almost all one liners of abuse

"I am surprised the SP hasn't started to go north in anticipation."

The "anticipation" now is of bad news - no updates from the Company, drop dead date in site, and even the ramp squad seem to be spinning their wheels waiting for instructions - never a good sign

Gezza -supposedly on here since 2008(!!!) but only has posted in the last few days on here - welcome back!!

"Anyone know what the expected lifespan of the well is?"

One point is the mechanical issue around the ESP's - so far so good but they won't go on for ever.

The well production is decreasing slowly and the water cut is slowly but steadily increasing . The reservoir pressure is slowly falling - I'd say we definitely have a year, maybe two before reservoir issues might occur. But the pump? no-one knows

Which is why we need a plan to diversify wile we have the money

HeadInTheSand Posts: 4,617 Price: 1.275 No Opinion
RE: Angs TweetToday 16:40 23 may 2022
The usual ad hominem refusal and indeed inability by the heavenly choir to address any serious points raised. No surprise there then. Never mind, just a week to go before George has assured one and all that Saltfleetby will be in full production. How exciting.

Your 2p target isn't looking very good Adrian..............

"ANGS actually holding up well given we start circling the drain in 25 days."

I don't think many people have realised that. Even the green , hooded bridge dwelling trolls had steered clear of mentioning that a very nasty end is starting to appear on the horizon.

Possible a bail out by the mates of the BoD and the shareholders reduced to ruin as in N Yorks Potash

OMBRINA MARE ARBITRATION
Having commenced proceedings against the Republic of Italy in 2017 and completed the first and second hearings during the course of 2019, the Tribunal confirmed that proceedings had been formally closed on 25 April 2022. Under ICSID Arbitration Rules, the Tribunal has 120 days after closing to issue its Award, extendable by a further 60 days (Rule 46). The 120 days rule means that we should receive the final decision, including the quantum of any award should we
be successful, by 22 August 2022, or 22 October 2022 should the extension be required. The Company continues to believe it has strong prospects of recovering significant monetary damages.

no doubt lifted from their accountants mumbo-jumbo