Member Info for Mirasol

But MACNimby - you were going on about Vast Salt caverns a couple of weeks ago

the document says

"“Saltfleetby Gas Field” means the depleted natural porous strata reservoirs comprising elements of Early Westphalian and Late Namurian Sandstone beneath the storage area"

and it's dated 2010........................

see you made the mistake of popping up on the UKOG board Gideons /Adrain - and then Whack -a-Mole by the mods

"SBY also has 15% uk gas storage potential after gas extraction"

Ah yes - the salt caverns again.................. liek the hidden pipeline at Horse Hill eh?

"Argentina has no claim to the Islands at all."

The problem is Ralph you can say that, I can say that, the FI can say that but the Argentineans continue to claim it - and that is the nub of the problem. Trying to ignore them is what finished up with them fighting the war in '82. One side cannot unilaterally tell the other that they have "no claim" when its clear the other side do.

Any international oil company does its due diligence and territorial claims (Mediterranean, Offshore Africa, S China Sea) etc are red flags

"Didn't have to add "de facto" though, that alone gives credibility to the Argies when there is none"

its what they've always said - the history of the FI is long and complex - at one time the USA (or rather the US Navy) ran the place and that was before the British took it over so they could have a notional claim like the Argentinean one.

There IS a dispute, what is needed is some long term solution. Regretfully the Invasion of 1982 pushed that back by at least 100 years.

They certainly visited the FI but I don't remember that Mrs Clinton had anything to do with the deal collapsing

The US said - ”We recognize de facto United Kingdom administration of the islands but take no position regarding sovereignty.” but hat was exactly the same position they'd had for 50 years IIRC

Noble went into the S acreage at the same time so it wasn't a US govt decision .

If a person or business gains control of more than 30% of the voting rights in a business then they must make a cash offer to all other shareholders that is at least equal to the highest paid price in the previous 12 months

"due to the massive letdown that was premier. "

Agreed - problem was they were the only show in town at the time - The Argentineans were banging on and there was no one else interested - or interested enough to sign a piece of paper. Remember Argos eventually farmed to Noble and then they pulled out a year or so back - it ain't easy

Apologies about the 33% - yes its 30% of course - finger trouble on the train!

Flynch - under the City Code they DO have to make a bid at 3over 30% - unless they get a dispensation - and they are not easy to come by for major companies

The City Code outlines the rules and principles that those conducting M&A in the UK must follow. These include, but are not limited to, the following:

Companies must disclose information (financials, shareholding structure, operational breakdowns etc) in a timely manner through official channels, such as a circular or prospectus, which is made available to all shareholders on an equal basis
Those managing the pension schemes of all companies involved must be notified
Favourable deals for certain shareholders are banned, all must be treated with equal fairness
If a person or business gains control of more than 30% of the voting rights in a business then they must make a cash offer to all other shareholders that is at least equal to the highest paid price in the previous 12 months
If a person or business acquires shares in the target company during an offer period then the price offered to all other shareholders must at least match the price paid
The target company must appoint an independent advisor to provide advice to shareholders on the financial terms of the deal, which often includes the stance of the board and whether they support it or not

"though this in the AME annual report:- 'proving the recoverable reserves to international industry standards and to the satisfaction of financial institutions allowing for a possible IPO at the London Stock Exchange.' suggests that figures presented by AME aren't to SPE standards."

To be fair Penguins "international industry standards" these days means the PRMS - which the SPE were one of the driving forces in writing

From a recent CPR "Reference is made herein to the Petroleum Resources Management System approved by
the Society of Petroleum Engineers (SPE) Board of Directors, March 2007."

"Now you didn’t expect that"

Don't be silly - he/she couldn't resist it - now...
How about a song ?

I don't think Heid is a"she" - I think its multiple posters - the content varies so much - all rubbish but different rubbish

"back in the 2nd half of 2019, after the Brockham RNS of 28/06/19. Then it was ruled by the denigrators"

Can you remind us why that was Ocelot? perhaps a BoD who pushed the Brockham test right up the moment they were supposed to start it and then told us it wouldn't work?

People have long memories and that's why there is such suspicion about "first Gas" here

"Mirasol, let me correct you - when GL’s involvement was announced, early January 2019,"

true but he only became a Director on the 29th Jan - at which point the price was sliding

"About people like Mirasol is they want you to stop using fossil fuels "

baits - show me a single post where I've said that - I'm pro oil and against swampies - but I also believe you shouldn't believe everything that lifestyle management tell you

"Gla all and especially to the new investors buying in for the big rises."

A translation for newbies who don't know the Fool on the Hill:-

"I'm way underwater again - please, please, please buy my shares...."

"and also use this board to bash the now CEO who had nothing to do with the past."

George Lucan - appointed 29th January 2019 SP 7.5

and the current price is? And how much dilution on top Adrain??

"we are doing a lot of things""

I suspect we're TRYING to do lots of things - but no money to do anything new, no real influence over Sea Lion, absolutely no idea what's happening with the Arbitration... it can't be easy banging your head against a series of brick walls for years

"Their history shows that they have done nothing but bash and deramp all the oilers they post on."

Their history shows they've been right - about dilution, about BoD salaries, about delivery dates, about the SP..................

Whereas you Adrain have still to find the "secret pipeline" at HH