Member Info for Mirasol

"Hopefully good news by end May and marking up of share price"

It's pointless making these predictions - we have absolutely NO IDEA when the tribunal decision will drop

Very much a POO play currently - which is a lot better than being a basket case play as we were 12 months ago.

Alpeh Team CV's are all Finance people Adrain - not a Petroleum Engineer, geologist or geophysicist listed in their team

So very good at organising loans and hedges but wouldn't know one end of a PVT analysis from the other - you'd be at home

"We are waiting on input from partners on our interpretation"

None of the partners have any exploration staff AFAIK - so their "input" is going to be useless

like the leak report no doubt.......

"Some will bring UKOG in to this...but did they have a producing asset like Wressle...NO."

Some people thought different at one time Heid...

Heid Posted in: UKOG Posts: 11,788 Price: 0.975 No Opinion

RE: Blue day31 May 2019 16:20

Blue is the colour, oil is the game
We're all together and winning here on aim
So cheer us on through the sun and rain
Cos Uncle , Uncle is his name.…

Come to Horse Hill and Adrian may welcome you
Wear your Ukog Tshirt and security sees you through
Sing loud and clear until the tankers flow
Sing Ukog Ukog everyone

"The Gaffney Cline reports will take as long as they take to unlock more value of Wressle "

You clearly don't understand what a CPR is heid. It's a report on what is there, what may be there and based on past performance

It does not "unlock" reserves or value - you might get that from a technical report suggesting a new technique

The problem here is that we've been waiting over 6 months for a promised report by industry experts into CUREENT value - and it hasn't appeared...................

"The new seismic was pre-stack depth migrated ("PSDM")"

Still only 2D - what is clearly needed is 3D - but that costs even more money

"Stephen Sanderson, Chief Executive Officer, has informed the Company that he has purchased 865,800 ordinary shares in the Company."

he HAD to buy the shares - it was a fig-leaf they put in place when there was an incipient shareholder revolt last year - remember ? And he waited to the last possible moment to start "buying" in

Cubane ENI are a quoted company - they can't "hide" things

we've never had an RTNS about the cots of the West newton test..................

". Different time, different market."

Same BoD, same non performance

"That they are making things so drawn-out and laborious indicates the award is likely to be significantly higher, "

You've clearly never dealt withe Italian Govt. They can take all day to decide to get out of bed - especially when it's non-budgeted funds that are needed

Joining us here adrain?

Welcome old friend, welcome!

PS There IS a real pipeline here by the way............

"Anyway, my take was Rockhopper most likely to win, but Italy will do all they can to stall further post award"

Remember the UK Govt avoided paying Iran for those tanks for over 40 years...................

Personally I'd love to see Heid and Royo both canned

" I am not privy to the discussions George Lucan is having with two potential bidders for the asset.-Gideons"

Thank god for that

"I'm a saying gas in May."

But Adrain - you said Gas in March was a 10%% certainty....

HH decline rate is now pretty well established

It will gradually decline at an average of 0.5-1 bopd per month and the water will increase at about the same rate

POO, Water disposal costs will be the cut-off factors. So just another very small oiler with large dreams........ to join a very long list over the last 50 years.............

rereading the RNS it sounds as if they retain their 50% as they paid for the first 3 wells