Member Info for Mirasol

You really don't understand do you Legal? It's not a matter of "public opinion" - it's science and engineering - hard facts - fracturing already fractured rocks IS A BAD IDEA from a technical viewpoint. You just increase the chances of it all leaking away and it's hard to produce oil or gas without a shed load of water arriving

"Why isn't the SP much higher?"

A lot of people who were in in February have doubled their money - why hang around if you're a short term trader?

TrollHunter2 Posts: 1,671 Price: 0.205 No Opinion 22/06/21
0.5p this week!!!Today 08:50
Come on fair value is at least 0.5p this week as the rig is being commissioned ready for the drill next week.
You're getting the shares far too cheap right now. We'll be over 1p again getting close to drill results.

UKOG price prediction 31/12/2019 (23.59pm)Today 09:52
Entry Now Closed Good Luck On Your Predictions Entries !!!)

Lonely_Shooter: 33p
TrollHunter2: 20.7p

" We look forward to hearing of the Operator's plans for enhancing productivity and delivering on the inherent, and to date largely untapped, value "

And so say all of us - but don't get your hopes up Ocelot

Tygra - if they don't produce enough then they have to buy gas in the market to fulfill their commitments - or they have to pay Mercuria the same value.

ANGS haven't got that money and at that point they wouldn't be able to raise any more from anyone. They'd be totally bust and Mercuria could sue for the outstanding sums. We'd be wiped out

"We are up for sale don't forget, "

Ah yes - and nothing is happening - the SP hasn't even reached the dizzy heights of 1.5p that SOU were talking about

"Headinthesand with a successful sidetrack they expect the loan to be paid off by year end."

But it doesn't get them out of the hedge - that#'s a separate agreement. And IF they are producing enough to meet the hedge why would the hedge owners gave all the upside back to ANGS?

"Not sure what you know about HH but UKOG"

So what are you qualifications our new friend? Been drinking in the Black Horse with some old posters on here?

"The beneficiary of our hedge would not in my view shut down production and commence legal proceedings to sue the company or take over our interest in SFB"

Are you mad? They'd be able to get their hands on the gas field for legal fees . It's no brainer. They just reemploy the onsite staff, run off the Bod and the office staff and they're home & dried.

"asher, I presume news is due when Wobble Gob turns up ranting as usual, I have a steaming compost heap to make wg feel at home."

What I always like about BV is his careful researched posts and intellectual gravitas.

"Nothing will be off the table ,especially if we can improve on a known commercial existing site uk based "

The latest NSTA (ex-OGA) road map published last week hadn't a single mention of onshore oil & gas

Very slight decline in reservoir pressure and slight increase in water cut - reservoir behaving well and according to plan right now

"Angus's Saltfleetby is close to first gas, so way ahead of Loxley, but earlier this year Angus had 5 different parties expressing interest in it (or in the company as a whole)."

A field pretty much in existence - they estimated less than £2mm to reconnect and finished up needing £ 12mm

Maybe someone at RKH Towers could earn their salary and give us a translation? They must have it as they would have to agree to it's publication

Its a "feature" of the system - it means nothing

"My reading of it is that the contingent resources (2C 712mmbbl) include Isobel, the prospective resources do not."

Possibly right - NSAI could have been a lot clearer IMHO but then they're all engineers - never a map or crosssection in any of their reports - nor any decent graphs. Not even a location diagram!

What interest me is why Navitas have published this right now - suggests something is moving

TrollHunter2 Posts: 1,202 Price: 0.135 No Opinion 30/10/20
RE: bought inToday 12:01 Good move.
We are currently trading as a nano cap (<$50m)
SS target is mid-cap ($2bln - $10bln) which isn't unreasonable once they get some wells working...... could happen in any six month period going forward very quickly. It's a case of place your bets and wait and see.... after good research ofcourse on the fundamentals and potential assets. UKOG has a lot of asset to shoot at, so I'm fully in and waiting :-)

TrollHunter2 Posts: 1,170 Price: 0.16 No Opinion 12/10/20
RE: Buys flagged as sellsToday 11:39
Trolls busy this morning now they've got down off the rig and let UKOG get on with reperfing and increasing OIL flow rate out of HH-1. With the new set-up and the pumps working to their specified capacity we could expect to see a production rate of 500+ bopd by then end of this week.

Sea Lion Main Complex ("SLMC") only numbers. Isobel is mentioned as part of the deal in the covering letter on page 11 but page 12 says SLMC only