Member Info for Mirasol

"My understanding was that the Kimmeridge was sealed. What it takes to unseal it and re-establish the flow I don't know."

Depends on the completion - the big problem is that the Kimm pressure seems to have dropped to uneconomic levels

"West Newton: Biggest gas discovery in 50+ years"

Pity it doesn't flow

"BV, Where are we with Lidsey?"

Waiting for a farminee - likely name Godot.............

". Again nomad vetted statements"

How many Petroleum and construction engineers does the NOMAD have? Zero - they just take what they're given by ANGS

The difference is that they may be chased if they tell fibs in an RNS cp to a twitter feed

Seems they 've moved from Odiham to Reading.

", Bor own 100% of it's acerage "

That's because after over 10 years no-one else wants to be there Flaky. If RKH can't find a decent partner with a big discovery in relatively shallow water, Argos can't get anyone right next door to Sea Lion - what lunatic is going to go South of the FI where the weather is some of the worst in the world?

". So my take is there’s an ongoing discussion with GC about decline rates and economic cut offs"

that CPR is a very long time coming 8 months? think of the cost... almost as long as the Leak Report we ere promised

And we're still well under the 1.5p offered (sort-of) by SOU.

Where are BP, Shell etc etc who are supposed to be buying in?

HITS posted this and as fara s I can see no-one ever disagreeed with him/her

"Full production of 1.5 million therms as of June 1st? Probably a small sentiment-based spike at one of two vital milestones being passed - but it pales into insignificance compared to the necessity of a successful sidetrack.

At 1.5 million therms per month, c. 100% of Saltfleetby production is hedged for the next three years - and that means (at today's latest mark to market futures pricing) that Mercuria would get £75.5 million of pure profit over the next three years and ANGS/SEL would share £24 million of gross revenue over the same period. Out of which they have to pay £14 million plus back on the loan, leaving just £10 million of revenue to cover three years of G&A, plus field operations costs (and then ANGS also has the Knowe £1.4 million CLN to pay off next year). That would leave ANGS in close to a zero profit situation over the next three years."

TD - The side-track is needed to MEET the hedge - if it doesn't work the company is toast

"Adrian's valued input will be very welcomed here"

who can forget the Secret Pipeline?

Not bad for Dear David - 33% salary increase................

"Water injector"!! It was supposed to be a 1400 bopd PRODUCER

"If as expected, in the current political Gas and Oil shortage global message background, the application is approved."

We'll need to raise several million quid to pay for it

" So that tells me you wouldn't put all this effort into an empty box for nothing!"

They don't do it for nothing - they're well paid........................

it has been discussed to death on here

no-one will pay big money for a company that is dependent on a single well - the risk is just too great for the buyer
That's why we need some production diversification ASAP

Pity it doesn't move the SP - like here - there is no trust in anything the management forecast

Adrain's latest ID has been thwacked - all his posts gone over on ANGS

" A whole discussion forum turned into a horror show thanks to one selfish individual."

He'll be back - short of them taking out an injunction against him all they can do is play Wack-A-Mole. IIRC one weekend he came up with at least 4 separate ID's (and then boasted about it) All gone 09:00 Monday

"The first part in any derisking process with a project like this is to get through the build phase and into production."

What is clear is that most of the market doubt they can do this. This week even some of the support crowd on here are starting to get worried.