Member Info for Mirasol

"Strong buy."

last week you claimed to have sold up dear friend

"l do not why you and hit are posting on this board if you don't hold shares in the company it is beyond me"

Ask Gideons/Adrain/FOTH - he was out ;last week but still posts loads of rubbish

"Simple one really - do you own shares in Angus?"

Same as Gideons .....................

I'd say there was an emphasis on weasel-words "hope", "assuming" etc

" I would doubt very much there being a suitable window of opportunity (30+ days for just 1 well) during the first 2 years of SL activity for any rig to sail off to Argos to drill a wildcat exploration well despite the possibility of shared mob costs"

Actually windows do occur - there are times when you can't drill as you're installing various bits of kit - it also makes sense for SL to know as soon as possible that there is more oil in the area - it changes everything from sizing kit to financing - if you know you're likely to have a customer nearby it really helps.

IIRC Forties in the N Sea made more money from tariffs from other fields than from the production from the field itself - they were first and held the cards.

"Moody reportedly said that that Rhea is too far away from Sea Lion to be a satellite tie-in and requires a standalone development."

Rhea is approx 25 kms from SL - that's well withing the range for current technology for a tieback. iIRC someone did one over 100 kms in the GoM 8+ years ago. The problem is no-one knows that is in any for the many Argos prospects.

"Completely agree RT003. This is the week where we should begin the lift off."

As opposed to 2 weeks ago, three weeks ago, four weeks ago.................

"US Senate to file anti-monopoly lawsuit against OPEC"

tried back in the '70's and failed

you can't effectively sue sovereign nations - especially when the main perpetrators are your allies

"They said that they are looking at reproducing from the Kimmeridge layer now that production permit has been granted.
From memory during testing it produced 400 BOPD but we don't know what was possible if the taps were opened. "

they haven't said anything about the Kimm in years now - and they never bothered to deepen HH2 to even tag it. The consensus is that they have produced all the oil from the fractures and very little from the actual rocks which don't flow (or flowed very badly)

"Negative sentiment mainly because of Sanderson.
If he was given his marching orders I would dive in here upto the 'makers nameplate' :)"

Why? Nothing would change - they can't change HH or BBr or Turkey - it will take years to turn this ship around

"West Newton, imo, will flow commercially this time."

Ah - so you're now a Petroleum Engineer with access to all the data we must assume?

"If we take Alba's 30/11/20 valuation of its stake of 11.765% in HH at £4m,"

That was when they were expecting several hundred barrels a day

And who would believe Alba? They didn't even pay the bills at HH

7 bar is only 101 psi - that's hardly enough to inflate a truck tyre. If teh gas came out at reservoir pressure you'd have to choke it back

"He’s gone for BOR because they actually have something in Darwin, "

RKH and Navitas can't get SL started and Darwin is a much, much bigger ask - madness to invest in BOD

"At the very worst income coming it covers Dave’s wagers"

I never had him down as someone who bet his own money TBH

"George Frangeskides, (Alba's) Executive Chairman, commented:"

Is he paying his way at HH yet Ocelot?

Jeez! i go away or a few days and find that Gideons/Fool/Adrian has seen the light and bailed out and is back over on UKOG.............

Things must be bad here

Serenity is still risky - what HUR need is another income stream by the end of 2022

Then they can talk exploration

"Angus and the 2 interested parties should know each other quite well after almost 4 months."

Its pretty clear no-one will bid until they know the hedge can be met - and based on verifiable flow rates over some time - not the famous "instantaneous rates" that led us all up the garden path at Brockham last time

It could come out as a 3 year, monthly series.................