Member Info for Mirasol

or even 30th November......

Given typical AIM behaviour I'd be amazed if the BoD don't hand out bonuses all round...............

"this Monday is the last day of Autumn."

Its Mid Winters Day Ocelot - Autumn ends 31th November on most folks calendar

"So long as HUR start to drill the well before the P1368(S) Lincoln licence expires on 30 June 2022, they are fine."

So you're suggesting they hire a rig, ramp up the drilling team, drill for a few days then suspend and demob the rig? You'll be wasting millions - and I'm not sure the OGA would be stupid enough to fall for it - they'd insist you continued drilling or they'd just deem it that you haven't met the commitment. they've done it before............

"They have enough money to cover the repayment of bonds, and some spare, so could start drilling early next year, and if there isn't sufficient funds for any reason, to cover the final bond payoff by June, I am sure there would be other ways of raising funds given the potential of this field. "

but can they also cover the Abandonment Liability? And its clear they've been trying to get a farminee for several years with out success

"5) This leaves us with those who are either paid to deramp, or hope to buy cheaper."

you missed out those burnt badly by previous leaks from this company that wiped a fortune off people's investment

"Resume production at Lidsey during Q1"

Where di d you hear that, pray?

geothermal has been around since the 1930's or even before

No-one has ever made any money without a vast subsidy - which is why it has never taken off outside places like Iceland

we are really looking forward to getting started on billing the hell out of UJOG - we saw what NUTECH managed.............................

all the small oilers are in bed with new Geothermal companies - many of them run by ex Oilfield folk

None of them have serious experience and none of them bring any cash, only bills, to the table. With a geothermal well costing as much as UKOG's market cap it's clear it's purely a PR exercise - you have to have "green" credentials htese days - just as you used to have to have Shale gas, or operations in the FSU or.............

"even better to see a unexpected major share purchase as described also."

where was it "described " Wizz - only in your post

Baits - the Nostradamus of AIM

baits Posts: 8,264 Price: 0.80 No Opinion 29/03/21
RE: Funding update RNSToday 00:18
Anybody ****ging off a share are one of four things.They want it lower to buy in.They are a tree huggers.They have no friends never will have and just like stirring it up.They lost a lot of money on Angus like Alan2017 who I might add praised this share to high heaven when Brockham was being drilled.Here is a snippet from the 10th of May he posted.
I wanted to wait until the water zone was isolated....but I will now repost a post from many moons ago.
Personally I have used the rate of 1,000bopd for expected flow rates during the commercial production test at Brockham. Set yourself a benchmark and then anything above it is a bonus. I've used 1,000bopd in reflection of what HH saw just from the Upper and Lower Kim layer tests in 2016.
It bodes well for an Angus SP rerate, as we are about to test the same formation that has been flowing 5miles down the road as the crow flies, as well as the interbedded shale. A highly deviated well sees more of the limestone than a less deviated well...trigonometry.
The added bonus is that Brockham was drilled specifically as a Kimmeridge producer with the correct hole size / drilling fluid, whereas HH wasn't due to it being an exploration well assessing multiple zones of interest.
That's a very interesting point as I've based my production rates solely on the HH 2016 test and not a standard production well with the correct sized hole and not including the additional hydrocarbons in the interbedded shale, so Brockham should see better flow rates than the HH 2016 test
Brockam isn't a horizontal well, so I will go for a conservative figure of 1,000bopd flow rates.
Take your pick it could be anyone of those.

I understand you referred to "major purchases" as if it was in the RNS in as blatant a lie as we've ever seen on here Wiz.

what I'd forgotten was Ceres - thought we were looking at abandonment but at current prices it's making money hand over fist - admittedly not a vast sum in real terms but it all helps....................

"Albeit a bit rampy at times."

:))))))))))))))))))))))))))))))))))))))))

I've done a search on the RNS for "major" and get "no matches" - so admit it

there was NO MENTION OF MAJOR SHARE PURCHASES

and anyone who thinks £1k is big purchase should go back to saving in a piggy-bank

Remembr how Heid never mentions UKOG and has stated he/she isn't invovled there??

this morning on UKOG a post re Wressle followed by "Oops sorry. Meant to be on Union Jack Oil page."

He she REALLY needs to remember which name and account and company they're' ramping - its confusing the rest of us

"It would be even better to see a unexpected major share purchase as described also."

Dreaming again Wizz? No mention of that in the RNS

"- a deadline stated by Angus for receiving EA approval"

Yes by ANGS - not the EA... as we've pointed out the EA has plenty of wriggle room. Once again the ANGS statement was spinning or, more likely, they never bothered to read the full set of EA rules

For once I even have some sympathy for Ocelot here - of course £1k isn't going ot move the SP - but it's a matter of optics - and it gives them a n answer to the "why doesn't the BoD invest?" which has been running for 6 years

I look forward to other Directors buying in :)))))))