Member Info for Mirasol

" A single example - PwC forward curve figures based on oil futures prices is a nonsense -a futures price is a figure which you can buy at to sell in future to make a profit, having tied your money up for yonks, it aint the expected actual price of oil. As for citing (even Maris was embarrassed saying it) that this was standard industry practice for estimating the future oil price - utter nonsense."

yes and no - normally companies have their own forward curve and it's kept very very secret. The problem is that whoever writes the CPR has to publish the numbers they use in the calculations. It's easier to use a publicly available number and then you can just shrug your shoulders if asked to justify it and point to "the market".

So Ocelot IS 10pTymers.................

the question is how troubled did Maris look?

He knows the result already of course................

After all, “How is it possible that an independent assessment carried out in 2017 is able to produce in place volumes for Halifax amounting to 5,143 MMstb (best estimate), up to 9,043 MMstb as a High case, when only a few years later, without any more wells having been drilled on the discovery, its volumes essentially disappear from the radar?”

You forgot to mention the production data............

No - as they're SHAREHOLDERS and this was BONDHOLDERS meeting -

pay attention for heavens sake...............

Too many people burnt too many times by "transformational" O&G discoveries that never panned out on test or in commercial production

Mr Investment today "I don’t try and manipulate prices, you want to pick on bullies you’ll find plenty here but I’m not one of them…"
Mr.Investment Posted in: UJO Posts: 1,513 Price: 0.145 No Opinion RE: OPEC05 Mar 2021 08:54
Or you could always try getting yourself a tissue and crying to someone who cares about your opinion?

Mr.Investment Posted in: UJO Posts: 1,513 Price: 0.145 No Opinion RE: OPEC05 Mar 2021 08:37
You never know with these councils, one minute they are turning down a few new homes for first time buyers made out of solar panels and straw because it’s opposite a councillors house, the next they are approving a block of 100 flats made out of deaf children because they’ve had a back hander. What I never understand is why we don’t just bribe them, it works for everyone else.

Mr.Investment Posted in: UJO Posts: 1,513 Price: 0.145 No Opinion
RE: What has happened 08 Mar 2021 10:09
I’ve gone nowhere you wet wipe, you won’t be getting away from me that easily... took a weekend off reading messages from clowns like yourself saying the same thing that’s already been answered 100 times already. My job for the week (making RNS Translator, yourself and others cry) was done. Like I said, there is little to do now until we get proper updates (soon) other than troll you and RNST.

I understand I may have upset a few people last week with my jokes/insults being too much for your fragile hearts to handle. Let me just take this opportunity to apologise... to absolutely nobody. If you think threatening to report me to LSE or councillors worries me, think again.

That Eco freak Ruth hayhurst has posted the following on DoD:-

A company statement to investors also said Angus was in dispute over what it called a “significant invoice from a financial service provider”. It said this was not the company’s broker or nominated advisor (Nomad). Angus said it had sent a letter before action. The net claim was “unlikely to be material”, it said.

Any ideas what she's talking about?

Trouble is people have been caught more than once by UJO stitching them up with a float leaked in advance to their "friends"

"Message to the naysaying fraternity........we know there is going to be a placing......thank you for all your efforts to help us understand the situation"

We've finally got through to him!!! :))))))))

"Around the spud day, there will be 10b shares trading a day and possibly more some days."

Don't be stupid................

"Harsh to say that about Adrian as he knows his stuff from UKOG."

He's a person with serious issues is our Adrian - he was SS's Best mate - even more so than Heid , then he disappeared, then reappeared as a toxic, threatening, anti UKOG poster then switched again to support them through thick and thin. He needs help

Mr Investment "That last comment epitomises your RNST, because you have been caught talking rubbish, misleading people and manipulating figures so so many times it’s beyond a joke"
Mr.Investment
Posted in: UJO
Posts: 1,513
Price: 0.145
No Opinion
RE: OPEC05 Mar 2021 08:37
You never know with these councils, one minute they are turning down a few new homes for first time buyers made out of solar panels and straw because it’s opposite a councillors house, the next they are approving a block of 100 flats made out of deaf children because they’ve had a back hander. What I never understand is why we don’t just bribe them, it works for everyone else."

Form of Proxy
Please complete this box only if you wish to appoint a third party proxy other than the Chairman.
Please leave this box blank if you want to select the Chairman. Do not insert your own name(s).
I/We hereby appoint the Chairman of the Meeting OR the person indicated in the box above as my/our proxy to attend, speak and vote in respect of my/our full voting
entitlement* on my/our behalf at the Extraordinary General Meeting of Hurricane Energy plc to be held as a hybrid meeting on 5 July 2021 at 11.00 am, and at any
adjourned meeting.
* For the appointment of more than one proxy, please refer to Explanatory Note 2 (see front).
Please mark here to indicate that this proxy appointment is one of multiple appointments being made.
I/We instruct my/our proxy as indicated on this form. Unless otherwise instructed the proxy may vote as he or she sees fit or abstain in relation to any business of the meeting.
Signature Date
In the case of a corporation, this proxy must be given under its
common seal or be signed on its behalf by an attorney or officer duly
authorised, stating their capacity (e.g. director, secretary).
Ordinary Resolutions For Against
Vote
Withheld
1. That Steven McTiernan be removed from office as a director of the Company with immediate effect.
2. That Dr David Jenkins be removed from office as a director of the Company with immediate effect.
3. That John van der Welle be removed from office as a director of the Company with immediate effect.
4. That Sandy Shaw be removed from office as a director of the Company with immediate effect.
5. That Beverley Smith be removed from office as a director of the Company with immediate effect.
6. That John Wright be appointed as an additional director of the Company with immediate effect.
7. That David Craik be appointed as an additional director of the Company with immediate effect.

I never called Cinders a liar or a hypocrite

I did suggest that as he had provided no back up and was proved wrong immediately afterwards he should explain/apologise

" not a single question was submitted before the meeting or during. "

He did say "no RELEVANT questions were submitted before the meeting" - and he did give people all of 10 seconds to use the chat function to ask questions directly....

AIM governance stinks

only 5% voting against the Resolutions - they'll be in the pub by now................

It's a bit of a giveaway that the two people with real management experience of oil companies (Cartwright) and onshore ops (Bone) aren't on the BoD but a contractor who has made a lot of money from UKOG is Chairman.

E: Buy or Sell?Today 16:54 Trollhunter 23/04/20 Probably BP taking another stake :-) I'm not selling any of my stock to a major anywhere near this price. Huge value to be realised over the coming months and years.

.TrollHunter2 Posts: 1,103 Price: 0.22 No Opinion 23/08/20 RE: Turkish has found largest in record Sun 21:53
Agreed, September rally coming :-) Locked and loaded.... might take a few more later in the week if they keep the price below 0.5p Good luck fellow investors.

TrollHunter2 Posts: 1,202 Price: 0.135 No Opinion 30/10/20
RE: bought inToday 12:01 Good move.
We are currently trading as a nano cap (<$50m) SS target is mid-cap ($2bln - $10bln) which isn't unreasonable once they get some wells working...... could happen in any six month period going forward very quickly.

UKOG price prediction 31/12/2019 (23.59pm)Today 09:52 Entry Now Closed Good Luck On Your Predictions Entries !!!)

Lonely_Shooter: 33p
TrollHunter2: 20.7p
Legalease: 20p

Mirasol
They didn't start "producing" till mid-March so OGA figures are short for a 12 month period. Plenty of RNS updates on number of barrels produced if could be bothered to read them. 2020 Annual Report. By end February 2021, post period, the Horse Hill field had produced and exported over 137,000 bbl of Brent quality crude from its Kimmeridge and Portland oil pools, providing the Company with a solid revenue base. 96,000 barrels in 2019 Annual Report. 35,000 barrels in 2018 Annual Report.

OK - the figures in the Annual report you quote include the Kimm (which has never been on "production" only on EWT so the total quoted to end Feb 2021 of 137000 shows the EWT produced 90,165 bbl oil and "production" for one year is 46,835 bbl

In 2018 August RNS
""HH-1 continues to deliver positive results that exceed the 2016 Portland test outcomes. The excellent short-term high rate test results, combined with pressure build up data, provide further confidence that the next phases of the Portland test can deliver both an optimal sustainable long-term flow rate and deliver the primary objective of confirming the Portland's commercial viability. "

It has never produced at anything like the numbers in the 2016 or early 2018 flow tests - max production per month in the first year of official production was 240 bopd average. A simple graph shows it'll be under 75 bopd by year end