Member Info for Mirasol

"No hedge on any gas produced from the sidetrack ;)"

The hedge is on production from the field (as is the loan) - not a single , named well - they probably need the sidetrack to meet the hedge

"You can pay off the loan early, but there'll be a penalty for not paying the entirety of the interest. Seriously, it's no big deal."

Wrong - the people who hold the hedge are looking at making a genuine fortune at current prices if SFB performs - they won't give that up for a small payment - they'll want full value. After all they are the people who took the risk.

it isn't anything like a mortgage - it's more like borrowing money from the "Friends of Italian Opera" - a pound of flesh is a minimum payment here

"20 year production licence ahead at Horse Hill for 6 wells plus water injection. "

Wizz - that's a plus plus £ 20 million investment - do you honestly think that will happen? The Portland isn't as awful as Penguins thinks - it's behaved just like other Portland reservoirs - but it's small, they decline and the water comes in.

The Kimm is clearly a dead duck as is. Fraccing and multiple well bores might crack it but who has the money to test that out? Not UKOG for sure

"Why did'nt they just say early next week. They must have known on Wednesday that the Tanker was on imminent departure for the field"

Probably been sitting at the NOMAD for a week or so - not certain about the date so just shove it out anyway - sloppy , yes, critical , no

Adrain you never address the issues
the appalling SP, the lack of info on the "sale", the serial non-delivery of anything by the company
far easier to just **** people off I guess

Macnumpty - you're the one who resorts to bad language on here..........

"It really is the most extraordinary market anomaly: the share price is more or less where it was in the wake of the Brockham RNS of 28/06/19. In the meantime, the price of natural gas has gone up by how many times? About 6?"

For once I agree with you Ocelot - AND they have 5 or 6 people sniffing around - and still it doesn't move

The reason is of course that no-one believes the management 's estimates and promises. They have wrecked the sentiment here

"I wander if a continuous drilling program at Horse Hill will now happen with support and without all the previous delays?"

Sure all - they need is approx £ 1 mm a month to finance it

"I can't see Miss Finch having another go at stopping production at HH."

if only - she's crazy and crazy people aren't logical I'm afraid. What would she do if she wasn't doing this? She'd never be noticed... she just wants the attention

"ps Assuming that Mr Wolf will be based in the UK - I wonder where his office will be ?"

Since he's a money man and not an Engineer I'll bet it'll be within 800 m of St. James /Mayfair - where all the VC's are based

always ready with an insult Adrain but you never address the issues

the appalling SP, the lack of info on the "sale", the serial non-delivery of anything by the company

far easier to just **** people off I guess

It hasn't been a good year for the company - the Turkish problems and a steady decline in production at HH
No other drilling, no new acreage
Really there isn't much positive to report but I'm sure they'll do their best to paint a glowing future

"i suppose it’s possible to be fully invested in a short holding is it?"

You cannot short any small oiler stock - you know that so why raise the issue ?

"My belief is that the investigation has been concluded, a number of people of interest have been identified and contacted, others reported to AIM or the FSA etc"

All DB has to do is to say exactly those words - he doesn't have to tell us the names - but NOTHING is said so the reasonable assumption is that NOTHING is happening

"SS bought in early may mean news very soon Gla."

if he'd bough t £2k's worth it would send a better signal than the minimum to keep himself in a job

Don't think Maris spent much time out of the UK - he may have been a senior exec at companies OPERATING in SE Asia but I seem to remember him as London based when he was at SOCO. He's quite well thought of I understood - well, except on here of course..............................

"less of the 'we' as your obviously not part of our company!"

WRONG - I bought shares pre consolidation and am still well down

i'm waiting for the CPR - which is taking even longer than the famous "leak Enquiry"

"Its paid for agitation ....simple as"

Or paid for pumping - guess which is most likely???????

"Even on here they sort threaten to publish some folks names and addresses gained from council planning websites"

But didn't you realise it was a public forum? That they publish the names so people can see who is REALLY commenting - and not someone who has used over a hundred aliases on this forum alone?

Really Adrian.................................. "DYOR" :))))))))))))))))))))

"West Newton is being looked at very seriously and strategically with many options on the table. I have no concerns whatsoever and would prefer that the job was done professionally by Rathlin when they are ready. I have every confidence that it will flow commercially."

We've been paying for it for 4 years and not a drop has come to surface..........................