Member Info for Mirasol

It is the Daily Mail - accuracy is ... unlikely

"So Russian Gas and Oil being excluded from global market"

Not if it comes through a pipeline dear boy - only by ship

", this statement by the company and nomad vetted. "

Wow! That really makes me feel good :(((((((((((((

should have taken SOU at 1.5p?

Can the company please confirm the sidetrack schedule please. Asked on 30 May 2022
The precise spud date has not been set but is expected to be in the first three weeks of July.

Does the company continue to be in discussions with the 2 interested parties in Saltfleetby? Asked on 30 May 2022

We have kept an open line to three participants. Non-binding offers have been tabled but they did not reflect the true value of the asset or were contingent on various milestones being met.

"The FIRST scheduled repayment (£1.5M) of the Mercuria £12M Loan is due Sept22 - will SEL come up with their share or is Angus lumbered with the lot."

As Ocelot will tell you ANGS now owns 100% of SFB - 100% of the gas, 100% of the hedge and 100% of the repayments

"They then hit on the gas storage project and changed their name or split "

They split - IIRC Portland was a single operation that was going to require a vast amount of cash whereas Egdon was a small oiler with a number of irons in the fire. The City types preferred a simple story so they split the companies.

Portland almost, but not quite, raised the cash and then spiralled down through Infrastrata etc etc. Egdon stayed as a small onshore UK oiler

" Surely they can’t object "

the people who vote them in aren't interested in anything other than their hose prices

Oil & gas is bad for house prices - that's all you need to know

"we are within days of g"

those days include 2021, 2022 (March, April , May Mid June-

this company is inapplicable of delivering ANYTHING on time and on budget -other than the salaries of the BoD

"Given this should now be trading in excess of £100m mcap compared to sector peers theres a huge disconnect from fair value, "

You're posting on the wrong board - you should be on BP

"Miras, but that 1600; isn't it on a single bore? So, after further development?"

The 2016 CPR had around 15 mm bbl in place in all reservoirs ' at' at say 40% RF that's 6mm bbll - you don´t need a lot of wells to drain that efficiently - max 3 - I'd guess

"others that also have no balls to invest and just talk balls."

Mirror, mirror on the wall.............................

johnie123 - a member since 2012!! But only arrives on here today

Welcome! Welcome!! Welcome!!!

"Take us to a penny"

So you expect a consolidation as well?

and "songstress"

"Development plans could easily lead to Wressle being top onshore producer in UK. "

Very unlikely if not impossible

Wytch Farm produces around 11000 bopd even now - that's 14x the current level of Wressel. even EDR only think they might reach 1600 bopd

Onbeyondzebra - newbie already playing Sherriff

What is your reason for joining us?

" we picked Lidsey & Brockham up on the cheap." - yeah still paid Lenigas tho and for what?

whereas SFB we were paid to take off WIngas's hands.........

SL
FID targeted 2023/24

Another reinvention of the wheel.