Member Info for Mirasol

£1k - thats about what SS probably earned consulting (via BuntyBay or whatever) for a single days work...................

My guess is that with Morzaria bowing out the fact would be that NO director owned any shares nor had bought any - even UKOG couldn't stand that fact

And tomorrow is THE DAY - the 17th - when the EA are supposed to come through
He'll probably explode by 11:00 if there is no news

UJO has had a better day - are some of these AIM E&Ps poised to recover some ground?"

UJO went up because of a positive RNS from Egdon - who are trusted (rather than UJO) - and UKOG has nothing really positive to say - just another "geothermal" pipedream where the price of a single well is larger than the company's Market Cap.

"Interesting term via a small bore pipe"

Doesn't work heat losses are too high - you have to site any user very close to the well bore - as in the Netherlands were they run green houses near wells

"Loxley decision news any day now "

Evidence??

" so that Boris [praise be his name] can come in and over rule the "woke" planners and deliver British gas for British consumers as a Brexit benefit"

Boris has done the sums - attacking local decision making on planning is an ENORMOUS vote loser in England - especially amongst Tory voters. Forget any real changes to the law

"Funding for the first well has come from the European Regional Development Fund, Cornwall Council and institutional funding. The estimated cost was GBP 16.8 million but is now expected to be GBP 17.3 million (around USD 23 million) due to cost increases due to the current pandemic."

More public money as the costs are so high no money can be made by normal companies

"Mirasol: Surely the opposite is true. Because there is no large shareholders then a 5% group may call a EGM and vote out the directors. "

Lots of small traders and most held through nominee accounts, most of whom can't be bothered to go through all the hassle of researching how to call a meeting, put forward a legally tight resolution (as you know SS and BoD will go through it with a tooth comb).

If one investor owned 10% it would be different but the French bailed out almost as fast as they got in (and we never were told why)

"May I add Oil companies will be making so much money they will be able to keep buying themselves back over an over again"

Suppliers will increase their prices, Governments will apply "windfall" taxes, exploration depts. will blow the money on wilder and wilder drills, companies will overpay for other companies, Directors will become seriously rich... we've seen it all before

"How and why is this salmon slacked wealth destroyer still in a job??????"

because he controls the votes - he was wise enough NOT to have a major investor, or any large organisations. He has almost no partners in the operated ventures and so its impossible to bring any pressure on him or the rest of the BoD

Can't understand all the talk on Turkey - they're not going back to the well until summer 22

" A decision will be made on whether a production well will be drilled according to the Reserve and quality of the Crude Oil. "

looks like TPO drill exploration wells and then come back later to drill production wells = delay

" H2 expenditure which may include an unpleasant surprise due to the extra long EWT at WN"

some of us have pointed this out before - the costs must have been wayyy over budget

and of course no Director has bought a share since 2015 - must be an AIM record

Ocelot has forgotten to factor in the 8x dilution

2016 2.1 Bn shares
2021 16 Bn shares

Lawyers

lawyers on a BIG case

International Lawyers on a big case

International lawyers on a big case involving a sovereign nation.........

Jarndyce v. Jarndyce

ED must be hurting REALLY badly - I've never seen such a fevered set of posts.............

"test of the new map where the updip closure from HH-1 seems a result of 'moving' Collendean Farm from a seperate fault block into the same fault block as the HH wells."

I suspect that revision may have been done quite a while ago - Collendean Farm always looked a bit weird (but its very very old) but since they don't publish very often and there is no new CPR.... who knows?

Thats a pretty small scale map but it doesn't suggest a high density of seismic. Since they have never published a map of the target structure we can't say if there was, or wasn't a line they could drill along