Member Info for Mirasol

looks like production is flattening at around 60 -62 bopd with slowly increasing water

gas is up quite a bit tho' - maybe producing at or near the BP

oil 62 bopd (61 lastNov), water 36 bw (32) gas also up

they'll just extend the period of talks - happens all the time

nothing to change things unless and until the FIG issue a put up or shut up notice - but as they are the only game currently in town they won't do that

" charters saying its only way is up from here"

they never say anything else on any stock

it's mumbo jumbo without a single piece of real mathematical theory behind it.

"What some people type on here are libellous statements and I think UJO should record all of them and take legal action."

well they could carry out an investigation and promise to do something about it - ...

hold on...

didn't they say they'd do that over the leaks?

GP I'm sure I read that they were planning for Ceres abandonment in '22 or '23 - then the price shot up...............

I see UJO have kicked their CPR down the road for another few months by "extending the scope"

"What were we to note about the single share trade on Friday?"

Supposedly a signal by a mafia/lizzards/brokers to their mates that they are either going to dump a zillion/buy a zillion shares

A very old, long disproved myth beloved by small time rampers........... people can use telephones these days

"what if the offload last week wasnt as productive as we hoped."

Th eoffload isn't "productive" - thats the job of teh well. They know exactly how much oil is stored in the FPSO minute by minute.

There is a small possibility that for operational reasons, such as really bad weather, that the shuttle tanker might leave without a full load but there is nothing to suggest that has happened in the last load out. There are small variations in how much they carry - bit like when you fill your car up at the pump - you never get quite the same number each time - but it really doesn't matter.

"Does anyone have an idea how long these Reserves and Resources Reports generally take?"

Three months is a normal timeframe - then they are considered as "valid" for investors for another 6 months

This has now been underway for 6 months - the costs will not be cheap - GCA are a top line outfit and charge accordingly - I'd say we're now looking at a £200k bill

Those of us who remember previous interviews with ANGS CEO's are heading for the hills..................

George seems a nice enough guy but his forecasts have been woeful.

"We know good news is finally due"

i'm afraid that is a hope or an aspiration rather than anything based on facts. In fact its hard to remember when there was GENUINE good news here - I'd suggest it was getting approval for the HH FDP - the rest is all promises (IoW), steps along a wrong road (Turkey) or straight failure (BBr)

" The world wants less reliance on Russian oil and gas and they won’t start using it again"

You mean NATO - the rest of the world really isn't that interested and, take it from me, if Russia started offering discounts you'd be amazed how much CIty traders would funnel through the UAE etc etc

down 7% today so far..................

They're installing things at SFB, they have 4 or 5 people supposedly interested in buying the company, the gas price is through the roof and still this share languishes..................

"Even the decision not to appeal Arreton was presented as a way to save £500k for other opportunities."

But they spent over £ 500,000 on it in the first place Ocelot when you take into account the Solo buy and all the consultants in the application for PP. It's clear that they really don't rate the UK anymore but they won't find any easy deals in the USA - they didn't in Turkey which was last years white hope

" Great news, no additional costs "

how much have they spent over the last 5 years on it?

"We also increased our interest in PEDL331 Onshore Isle of Wight,.. to 95%, paying Solo Oil £ 350,000 in cash and shares"

Highlights:-

US$4 million revenues generated to Union Jack since re-commencement of production during August 2021
· Well continues to produce under natural flow with zero water cut
· Site upgrades ongoing
· Early settlement of £2,083,000 has been paid made to Calmar LP in respect of deferred consideration on acquisition of 25% interests in PEDL180 and PEDL182 containing the Wressle development
· The Company is covered for all operational and CAPEX costs, including any envisaged drilling, for the foreseeable future
· Wressle operational update to be published during April 2022

"Kurgan & Mirasol, that was not the sort of announcement I was referring to and you know it."

Sorry Ovets what sort of announcement were you thinking about?

As for respect - I've been there, I know people who fought there, I know people in the FI right now - and none of them seem to think that life must stop right now for a couple of months.

Good revenues, CALMAR paid off but no news on the CPR...............

or the leak enquiry of course

"UKOG has survived a succession of setbacks in pretty good shape;"

"the war situation has developed not necessarily to Japan's advantage" Emperor Hitohito after 2 atomic bombs dropped on his country