Member Info for Mirasol

There is no point in trying to get a new CPR on Loxley as there is no new information - no new seismic, no new well data, no production. We all know that a new CPR at HH would make grim reading and TBH the cost of doing it would be a waste of money.

Turkey is stranded - no news on the seismic suggests that they won't be back on site drilling until next spring - IF they decide to do it

"So why have the big boys not been interested in the company or any other company come to think of it they must have there reasons"

I believe a lot of them looked at HUR before the water arrived - now it's seen as a busted flush with a single well and a mistaken geological idea

"What would it accomplish? It's the lack of positive updates that's the problem""

Sorry - you couldn't get a much better update than Wressle - but the things is that continued silence from the BoD re W Newton, the lack of action on the leaks and the steady dumping of shares by someone has taken this share back to 0.1 in old money - less than it was before the consolidation in other words.

"Moreover there should be plenty funds if and when Turkey we’ll starts drilling."

Where from? ANOTHER dilution of course - there is no chance of RBL here

A fact we can agree on is that HH isn't covering the G&A costs of what is an expensive operation compared to other small oilers onshore UK

"I take it you have been drinking."

No - but I have a decline curve graph to hand and, as you are aware, I'm not one of the ramp squad

Oil production dropped from 250 bopd to 100 bopd in 6 months - it only declined by about 10-15 bopd on running average since last November. Water cut climbed quite quickly to above 25% but has stabilised at 28-31%. Overall there is still a decline but it's now slow.

Looks like so many other onshore UK fields - low , slowly declining production from a small reservoir with fingers crossed the water doesn't shoot up suddenly

"DB has gone completely AWOL,"

Good observation Cinders - and the price continues to fall and the in-house broker releases (on Twitter FFS - hardly a CPR) a bullish "evaluation" while someone is selling steadily and the price drifts downwards

Old AIM hands know it's time to batten down the hatches and get out

"Ever heard of a companies broker ever giving a downbeat assessment on a company that helps pay their salaries?
No me neither!"

And of course SP Angel are one of the mightiest brokers in the Western World - ...... not

Cynders not sure the current numbers are as bad as you say - yes production is down but so is water - I suspect there was some days missing through maintenance.

Looking at the curves it looks as if they are flattening out and we can expect them to decline quite slowly going forward with a slowly increasing water cut. So we're problem looking at it staying over 75 bopd for the next 6-12 months.

A typical tiny onshore UK oil filed in other words

he could go and use the same chain of people as the other small oilers who don't suffer from leaks (or at least not as badly).

the suspicion remains that it's loose talk within the company to their mates that starts it all off.

Its not "the people behind the avatars" who is leaking real information - it's someone in or very close to the Company

Its happened at least 4 times and it's time the BoD took responsibility and sorted it out - it doesn't happen on other small oilers

DoneK Posts: 592 Price: 0.65 Strong Buy 05/11/20
RE: £12 financingToday 11:01
what cant be stated as in doubt is
*The new pipework will be completed in November
*the Long Lead Gas Processing plant items are on order
*the Finance deal is in progress
*Gas prices has significantly increased and are inline with the CPR
Q1 Angus Energy will be making money from Gas and then we will see where the Trolls are at

Wrong 11 months ago DoneK

the steady sells suggest that someone already knows the result - once they're out they'll leak it to one of the usual low life who will blast across t social media and the PI's will be toast - again.

Lots of the cheer squad out in force - but the price continues to wallow - MUST DO BETTER boys

"DB has done everything he thought was good for UJO, and he's built some great assets here.
he's planted the vineyard, we are picking some grapes, lets drink the wine"

Pity all his barrels seem to leak regularly

"So my personal advice to the BoD is get on with producing oil and gas in the UK, and quickly too, and sod the rest of the
world"

you forgot to mention that the Great British Public is far more worried about the effect of onshore drilling on their house prices that they'll go to any lengths to stop it

", then when good news comes out, they disappear. "

Just explained why they're still here - there is little good news

"panicked by their own civil servant fake pandemic models"

You're right James, it was all a dream, there wasn't a pandemic with thousands of people dead, hundreds of thousands in hospital etc

If you'r e so wrong on CV19 why would anyone listen to you on shares?

"Now you can never be certain but I think [field/discovery] is pretty special/potentially transformational/largest unappraused target” blah blah."

And you can read similar stuff in the last 2 years on UKOG, ANGS, etc etc -

"How much are you paid to constantly de-ramp Mirasol"

Deramping only works if the share price falls so that someone can buy in and THEN SELL when it rises - when it just falls for years there is no point Luckee - there is no money to be made - just a steady erosion of wealth.

Ramping on the other hand is desperate attempt to keep the price high enough so that the company can issue another Billion shares and fund the BoD's life style