Member Info for Mirasol

Yanis - if you look at the "reasons for reporting a thread" posting live data is one of the basic no-no's............

IIRC its a Stock Exchange rule - so that they can charge people more for a live feed

O K Bandits - when will UKOG produce more than 300 bopd of oil net?

" don't suppose the gov't. have a backup plan? Of course they do."

Well it's well hidden from MP's, ministers, the media and industry Ibug. In an emergency they can INSTRUCT all gas producers to go flat out and damn the consequences but even then there isn't the people and kit to do it quickly. Just check some of the industry websites - they've been forecasting this for years

"The UK works on a JIT system for gas holdings and it has worked for years so they are currently running at 100% so what is the problem?"

the only country in Europe that does IBug - and what happens when the Russians "accidently" cut N Stream? And the price of LNG goes through the roof and that tanker from Qatar we were depending on changes course from South Wales to Rotterdam at the last moment?

JIT works just about when you can produce 100% of your needs locally - which we used to be able to do, now we can't - we're dependent on imports again.

As with the blockage of the Suez Canal, we're at risk of any unplanned disruption

"What have management got to gain by being complicit in leaks?"

They stay in with the low life - who help them out with information on other "investing opportunities" when another company somewhere on AIM leaks.

"It also makes the economics of Basur-3 very attractive."

But only if they ever find oil there Ocelot. The fact the well has had to be suspended while they shoot new seismic proves the interpretation on which they took the deal and came up with reserves etc is completely wrong. This makes Broadford Bridge look like Forties TBH

"A very badly worded article. Britain has plenty of (gas) storage capacity."

Wrong IBUG - the main field that was devoted to Gas Storage was taken out of service a couple of years ago because the Govt wouldn't sanction a very small increase in gas p.rices Older investors might remember Infrastrata when they spun out of Egdon 10+ years ago to set up a storage scheme off the Isle of Purbeck - again the Govt refused to allow any price increase (a tiny part of a penny a therm) to allow it to go ahead.

Some of the gas fields in production can be ramped up but it stakes time, people and kit otherwise you can wreck the reservoir - after 10 years of running down oil & gas in favour of renewables the amount needed - and the time it will take - are substantial

"This additional data should provide a more complete picture."

A single new line IIRC

However they still have to convince a farminee - and no-one has ever shown interest in Lidsey before. In fact farm-ins onshore UK are getting to be very very rare

"Another reason for UKOG to "talk down" the value of HH in its books is the traditional one, of getting all the bad news out of the way."

You mean there has been GOOD news? If so most of us seem to have missed it over the last 6 years

"The first leak was from a poster called Decisions, "

Leaks don't come from BB posters - they come from people employed by the Company somewhere along the line..

Once it is posted on a BB they might as well put it on the front page of the FT

There is an appallingly incestuous culture of small company management, "experts" who take cash to push shares , hold pat-a-cake U Tube "interviews" and hold "seminars" - all for money. At least one well-known "expert" was rumoured to threaten companies with a bad press if they don't pay for interviews etc

TAC - why do other companies manage to get placing away without leaks but Bramhill can't?

If he can't maybe its time he moved on

"The preliminary work suggests that the historical mapping should be discarded and the structure mapped afresh using the new data and with further work to tie in two historical wells nearby ..."

You'd have though they would have used the other wells previously?

Anyway more delay and then they have to find a sucker to farm-in.........

When was the last onshore UK farm-in... was it ANGS at Balcombe several years back??

I'm still worried as to why they need the money - the books aren't that bad - maybe its in case WN fails (and the bills there for testing must be eye watering by now)

It's definitely a possibility that fraccing would help with the Kimm

But in the Weald? Have you MET any of the inhabitants? Solid Tories to a man and also fanatic at stopping anything that might affect their house prices

Expect pictures of seismic crews from UKOG - the fact they're not at the actual site is no surprise - the problem isn't the top hole - it's where to put the bottom hole. So they'll be shooting new data up to several kms away

"Under the old management the company made many mistakes "

And JTP is still there - and the new management manged to get the cost of SFB redevelopment right didn't they - only out by £10mm

Hey! Rubey is back - good to see you again Heid

My goodness JD - you really have come alive on here!

I hope they're paying you by the word.................

"Mirasol, is there any share you are supportive of at this moment in time?"

yes but its hard to be positive about small onshore UK Oilers

"What makes me laugh even more is that DoneK has found the accurate information from the Angus Q&A site"

Who can forget the ANGS site about Brockham??? Right up until they pulled the plug