Member Info for Mirasol

Not sure anyone is waiting - I think they'v e just shoved the shares to the back of the drawer and given up

"Another 10 years when things all go boobs up war in middle east /china etc oil will be a premium and we will be fracking the crap out of Surrey I am sorry to say"

yeah there'll only be 200000000000000000000000000000 UKOG shares then and the marketcap will still be £ 10 mm

PS _ have a look at the guy's CV - when it comes to commenting on O&G I suspect its a bit better than yours adoubleuk - and mine as well......... :))))

"Nothing to do with the North Sea whatsoever"

Lot of people use "N Sea" as shorthand for UK Offshore rather than list every damn basin - and he's in charge of Clair and his title is " senior vice president, BP North Sea" - so BP obviously are happy with it.

2 trades all morning....................... this share is now dead I think

"when they are asked why they never answer t"

Adrian - people have asked you for months to give some reasoned analysis but all we get is abuse week in and week out - go and look in the mirror

"and it's crap quality too, 31 API."

Bit harsh Cynders - lots of big fields are 30API or worse - Alaska N Slope varies around 31API - sure you don't get Brent price but its still eminently sellable at and money making. Once you get below 20 API your problems start

Just another kid trying to get himself through school somewhere in the sub-continent.........

Its very good of UKOG to help them I think............

MJFSG today Get in now while it is low , We will see 7p+ here again in future G L A

MJFSG 30th April 2020 Yes of course we will more like 8p + G L A

The needles stuck...................

"On 21 June Sanction Hearing CA will present better 'Plan'"

Can they do that at the actual hearing? or do they have to publish it ahead of the hearing? The judge won't be able to read any plan and see if its legal if they don't provide it in advance - at best you'd get an adjournment I guess

"hhhh, the sifting through of FUD before the rise into drill results. It’s reminiscent of 2017."

Who were you in 2017 IIngo - come-on - tell us......................

Welcome IINGO!!! - another new ID folks......................

One thing that no-one is addressing is that as far as I can see not a single other oil company is sniffing around - you normally get a few who think they can rescue some value out of 10,000 bopd and money in the bank. A decent sized new operator could appease the bond holders and fund new exploration - but no-one seems at all interested..........................

You can tell panic is setting in when they appear on Thursday rather than Friday...........

" There are much better opportunities out there"

Name three....................

"Whose decision was it to hire ERCE to do the CPR ?"

For a decent CPR from a reputable outfit you have a very limited choice - 3 Uk based and 2 US based outfits. One of the US outfits does very few N Sea/Offshore CPR's. Companies may not have bid (not enough capacity, timeframe, conflict of interest (eg representing say Kerogen) or just don't like the job.

TH2 "RE: New Share Issue 27 Dec 2019 09:02 There is no need for any new shares."

Shares 1/1/20 6.9 bn
25/02/21 13.2 bn

TH2 "RE: New Share Issue 27 Dec 2019 09:02 There is no need for any new shares."

Sahres 1/1/20

"The more pertinent comment is the acknowledgement that PwCs report is reliable as below."

Smann - he was referring to "Condition A: the company has encountered, or is likely to encounter, financial difficulties that are affecting, or will or may affect, its ability to carry on business as a going concern" he wrote

"The threshold for Condition A is, however, relatively low. It is enough that the Company is likely to encounter financial difficulties that may affect its ability to carry on business as a going concern. I am satisfied on the basis of the extensive review undertaken by PwC that this threshold is met"

So yes he agrees thatthe PwC Report shows there is a problem but he alo wroye

"These are all matters which, if properly evidenced at the sanction hearing, would be relevant to the exercise of the court’s discretion. In particular, the extent to which there is or might be value in the shares in any relevant alternative is likely to be of importance in determining whether it is appropriate to sanction a Plan that results in the current equity being diluted by 95%."

So the assumptions can be tested in court later

RFTS - the judge doesn't HAVE to support the shareholders -

he wrote "The matters of concern raised by the shareholders are matters to be considered at the sanction hearing" - they will be considered along with the rights of Bond Holders and possible Creditors. Unless someone puts an offer on the table then he'll be choosing between some pretty unpleasant alternatives.