Member Info for Mirasol

"He wasn't "legally required to speak" then. SS asked him to answer a question."

wow! how many questions have the BoD answered in the last 3 years?

They take the money and run..... zero communication. what do any of them bring to the party? I suspect the FD does as he clearly can arise funds - or at least he's been able to do so since 2014. How much longer do you think they can keep up the current funding model?

I should have said "outside times when they are legally required to speak"

What about the media? they don't do even paid for interviews any more

when did you last see SS questioned by unbiased journo's?? 2018? maybe even earlier

I should have said "outside times when they are legally required to speak"

What about the media? they don't do even paid for interviews any more

when did you last see SS questioned by unbiased journo's?? 2018? maybe even earlier

The BoD

has anyone ever heard Marden-Taylor speak?

Kiran M is also never heard although he DID buy shares - 6 years ago

Alan in Houston? What does he bring to the party now the Kimm is dead?

And of course our Glorious Leader.

Several trades in EDR Friday ( and it's a long time since anyone could say that!) including a 1mm buy

Looks like the usual AIM leak is underway .................

The Weld is dead, Turkey... hasn't worked

What can they pull out if the hat next?

Maybe go offshore? Small interests like EDR in Ceres?

Shorting stories are BS - no-one has mangaed to short any of the small oilers for several years - soemone did play the spread betting game on UKOG but took a bath IIRC and that was at least 2 years ago.

These days no-one is interested as it's a one way bet on constantly falling and diluting stock

All the money they've raised is for Turkey and (maybe) to keep the lights on - tho the delay in Turkey is not good for cash flow.

They'll need about half a million quid to convert HH2 to an injector once and if they get permission - and the EA can be very odd about re-injection onshore.

partly but he's suffered from obsession for a long time - all that sitting outside Horse Hill didn't do him any good.

I think you're right GP - the pre-squeeze flow rates aren't very exciting I suspect and they were hoping to get the squeeze done quickly to get a better headline rate. Due to Covid and now the need for coiled tubing it's all gone a very long way to the right

"turning on all your friends "

He has no friends - everyone who has tried to help him has given up in disgust

After recent events I can see the police starting to take a serious interest in manic posters who clearly have serious issues

"Angus is committed to redeploying skills and expertise in drilling, high pressure and high temperature engineering"

What skills? they have none

"the payback on the investment in the conversion of HH-2z should be immediate and ... transformative (!?)."

Since they didn't have the correct reservoir model when they drilled HH-2z (which was supposed to be an over 1000 bopd PRODUCER remember) one has to ask are they sure they know where the water would go if they inject it here? It could easily just go straight back to HH-1

" At last we can focus back on TURKEY now."

bu there will be no drilling news from Turkey for at least 3 months..............

Scottyk Posts: 57 Price: 0.1425 Strong Buy 10/08/21
OMGToday 08:48 Not a clue why people would sell at such a low price .. will be back to 0.20 + by Friday

Scottyk Posts: 83 Price: 0.14 Strong Buy Prediction Today 15:09
Finish above 5% up today .. then a big RNS Monday .. you heard it here first

"Given our Licence holding is 80% we have some flexibility in terms of farming out some or all of the capital cost to third parties."

You can say that again - Lindsey is probably been on the market more than any other onshore UK opportunity over the years - everyone has looked at it and no-one has taken it up. The problem is always the same - small size, limited upside and worries about water disposal. who would take it - UKOG have no cash, EDR are similar and focused elsewhere, IGAS have had years to come in and have passed by on the other side of the road.... and that's about it really

Even Capt Ramptastic aka Mr Lenigas - got out of it at our cost

"that the current short term difficulties encountered may be to UKOG's long term advantage with UK regulations playing there part & what was previously only permitted for 2 wells HH1 & HH2 should now be up to 6 wells."

The "difficulties" have been going on for well over 3 years - and exactly what changes to the regulations do you see?

And where will the money come from for another 6 wells - that's another £ 20mm you are talking about?

TBH its not Wressle that worries me - its the interminable test at WN - approaching 3 months and not a single real flow rate number to hang onto

"Either they knew coiled tubing would/could be needed or this is an unexpected event."

Probably the latter - you don't keep a CTU on standby unless it p art of the initial plan - they're expensive