Member Info for Mirasol

" The decomm liability," is likely to be peanuts - if the FI ever agreed to removing it . They have a great record of reusing old stuff down there so I'd be amazed. And much of it can be towed off to S Africa or Chile very easily. Its not a Brent Platform

"Full disclosure of Maris and Chaffe's action's prior to the High Court judgement needs to be investigated ASAP."

Its buried and no-one is going to dig it up now. They will be quietly eased out , probably in the next year I'd guess once the Bluewater contract is renegotiated.

" I can assure you I am NOT currently connected or employed by Angus in any way at all."

Thank God for that - I guess they learned from Steve Sanderson's mistake of being photographed with you and letting you onsite.

Why! In those famous SFB Salt Caverns of course BV!!

I hope they can find them...................

down under 0.7 pre consolidation - 7 thousands of a pound per share,... there's value folks

"Mirasol, cheers for making me spit my tea out through laughing......LOL.....is this real??"

Too true - he/she has never denied it.... it was so funny I thought it deserved to be captured for posterity - especially the wonderful reference to Adrian aka Fool on the hill - the man on 10,000 false ID's on here

"Things are going pretty well across the board at the moment for Angus"

the SP is 30% below a laughable all paper offer from Sound - if that's going well.......................

It sounds like some posters are missing Adrian's posts or tweets.

We didn't have to wait long ..................

"Personally I'm not bothered about production and water cut figure's "

My goodness - an oil company that doesn't have top worry about production Adrain! How... different

"She won't accept she ramped UKOG and Uncle Steve , sadly for her too many remember it well"

Who can forget:-

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

Its only Thursday and we've already got Adrain back with us..................

"Now, I just hope we get the EA & PP approvals on time."

Agreed - this is were past mistakes are catching up with them I think. The EA will be crawling all over the paperwork

"I think the RNS is good in that it demonstrates that the Directors have not been updating the market in a timely manner and investors can use it in litigation against them in future litigation should they loose any money."

I'm no fan of ANGS management but there isn't a hope of bringing an action - define a "timely manner"- you can't. They'll just say they did it when they had enough info to come up with a revised schedule - they did say they'd do it "in January" and they delivered the RNS within that time frame.

There is no requirement to update the market on every day to day piece of work

"either (a) screwed the well downhole, or (b) found that the downhole pressure is rubbish given the geology. To support (b), did they not have downhole pressure sensors installed to give them the data to help establish when they "could" return to the Kim?"

They seemed to be doing OK for quite a while on the Kimm - it really did flow (unlike Broadford Bridge) so I doubt they screwed up the reservoir. A lot of published technical discussion around the whole Kimm Play was to do with the extent of pressure connectivity and pressure support in a rather unknown reservoir.

The odds are they drained all the oil that was (easily) moveable over the 18 months or so of the EWT - declining pressures would have told them they had a problem a long time before they stopped. No doubt a lot of studies were carried out and we can guess that the costs of doing something, or even completing it as a dual producer, were not attractive .

So unattractive they went off to Turkey instead.

" We knew that delivery in Q1 was not possible for some time now"

Yanis - you are correct and you were one of the first to point out the reasons why it would never happen - however you were attacked by the usual ramp squad who claimed all was well - after all ocelot kept quoting RNS's that we now know were wwwwayyy out of date as if they cam e down on Tablets with Moses..

It doesn't help the sale process - ANGS have never delivered a single action on time and the latest delay just adds to the sorry history

"My research"

Ah yes - where IS that Zechstein report heid????

"What happened 2 years ago is for the archivists. What matters to the market is the present and the future"

Not when it's the same people making the forecast.

late , always slipping to the right and always needs more money

there's a pattern here ocelot and that's why the shares do so badly - no-one believes any forecast ANGS management make - they wait on actual delivery.

"I would like to see all the Falkland oilers join somehow & move it along asap"

None of them has any money TBH - other than maybe Navitas

FIG might have something to say - they don't want all the acreage held by one entity - everyone remembers what happened when Denmark did that in the late '60's.................

they always place these shares with low life companies who quickly turn the stock to PI's

PI's are more likely to hold in a takeover than the City Boys as they always believe the stock is worth more - then you finish up like Sirius.

Trouble is Cynders that cutting VAT & NI means the Govt will have to raise money from somewhere else to pay for Covid and the NHS (and the military the way things are going).

Either higher taxes or more debt or BIG cuts to some thing - such as? ....... Putting tariffs on foreign goods never works- all you do is pay inefficient UK suppliers and workers and the price goes up even more for the consumer - you finish up like Argentina. And most of the things we import haven't been made in this country for a generation - TV's? Mobile phones?