Member Info for Mirasol

Not enough detailed info on total production, days flowing etc but it sounds like its 80-100 bopd maybe right now

Still waiting for approval for the squeeze

"Won't the method statements and risk assessments take about 4 weeks before any pre- assembly works begin?
If so that would make it June at the earliest."

All done in advance - you have to do the Risk assessment after design but before ordering the kit - and then approved by HSE etc as a routine. All subject to final inspection which normally takes less than 7 days to arrange and carryout.

ADoubleUk - you clearly have no idea of what a CPR is , who commissions it and the reasons its the way it is

The whole point is that is a stand-alone document (complete with ALL the definitions) and it has to be quoted in full - to stop dubious types picking and choosing the numbers they retail to the punters.

" It is the first time that geothermal electricity will be produced and sold in the UK. 3 MW of electricity is enough energy to power 6,000 homes."

It cost millions ........... of tax payers money

You didn't have to post the whole thing surely?

Because people are also selling - over the hour (counting deals over £ 1 k):-

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
27-Apr-21 15:17:55 0.232 5,000,000 Sell* 0.23 0.235 £11.60k O
27-Apr-21 15:11:52 0.2341 2,132,003 Buy* 0.23 0.235 £ 4,991 O
27-Apr-21 15:11:00 0.23 4,000,000 Sell* 0.23 0.235 £ 9,200 O
27-Apr-21 15:09:21 0.234 17,501,723 Buy* 0.23 0.235 £ 40.95k O
27-Apr-21 14:59:03 0.2325 936,672 Sell* 0.23 0.24 2,178 O
27-Apr-21 14:54:01 0.2365 1,265,983 Buy* 0.23 0.24 2,994 O
27-Apr-21 14:53:17 0.2365 634,249 Buy* 0.23 0.24 1,500 O
27-Apr-21 14:36:50 0.237 631,588 Buy* 0.23 0.24 1,497 O
27-Apr-21 14:25:26 0.232 2,932,492 Sell* 0.23 0.24 6,803 O
27-Apr-21 14:25:13 0.2353 3,402,444 Sell* 0.235 0.24 8,006 O
27-Apr-21 14:24:54 0.2361 2,120,267 Sell* 0.235 0.24 5,006 O
27-Apr-21 14:24:36 0.236 1,332,448 Sell* 0.235 0.24 3,145 O
27-Apr-21 14:23:41 0.236 3,903,759 Sell* 0.235 0.24 9,213 O
27-Apr-21 14:12:18 0.2363 6,138,541 Sell* 0.235 0.24 14.51k O
27-Apr-21 14:05:45 0.235 1,000,000 Sell* 0.235 0.24 2,350 O
27-Apr-21 14:00:10 0.23 1,898,818 Sell* 0.235 0.24 4,367 UT

It's last years RNS - why repost it?

Problem is SRBS UKOG is producing oil but it's still losing money every day

why buy when we know a placing will come............. I guess if you're going to flip it for 5% it makes sense

Reabold Resources has announced that it has conditionally offered to acquire additional Corallian Energy shares from existing Corallian shareholders, in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share, potentially increasing Reabold's shareholding in Corallian to a maximum of 49.99%.

Highlights:

Share offer to acquire up to 13.12% of Corallian Energy shares at a ratio of 474 Reabold shares per Corallian share
The Offer could significantly increase Reabold's position in the low-risk, high potential Victory Gas Discovery to up to 49.99%
Draft Field Development Plan anticipated to be submitted by year end
Planned 3-year gas production plateau from Victory, at a rate of 70 mmscf/d (11,666 boepd) from Q4 2024, delivering over 25 BCF of gas per year
Victory is located near existing infrastructure and in particular the Total-operated Greater Laggan Area
Assuming full take up of the Offer by Corallian shareholders, Reabold would increase its net interest in the NPV of the project by ca. £19 million(1), from ca. £53 million(1) currently to ca. £72 million(1)
Letter of intent signed for vessel to undertake environmental survey on Victory, with work planned to commence in July 2021
Once completed, the Environmental Impact Assessment will be an important part of the Field Development Plan ('FDP') submission

Conditional Offer to Acquire up to an Additional 13.12% of Corallian

Assuming a full take up of the Offer, Reabold would acquire up to an additional 13.12% of Corallian's issued share capital from existing shareholders, in addition to its existing 36.87% equity position.

By potentially increasing its position in Corallian, Reabold would be increasing its economic interest in the 100% Corallian-owned Victory Gas Discovery, West of Shetland, in which Reabold management sees significant value.

As previously announced, the Victory Gas Discovery was evaluated to have 157 bcf of 2C contingent resource with an associated NPV of £146 million(1). Victory is considered by Corallian to be a simple, low-risk gas development which has been fully appraised and requires no additional pre-development drilling. Victory is located near existing infrastructure, in particular, the Total operated Greater Laggan Area ('GLA'), with the development of Victory expected to be via a single-well sub-sea tieback. The licence P2596 (Block 207/1a), which contains Victory, was originally offered to Texaco in 1972 who drilled a discovery well in 1977 that flowed at circa 9 mmscf/d from 200 feet (circa 60.6 metres) of net gas pay in the Lower Cretaceous sandstones, proving reservoir commerciality.

· Commencement of free-flow test production at Wressle following safe and successful operations to recomplete and reperforate the Ashover Grit reservoir interval

Subsequent Events
· On 26 February 2021, Egdon submitted a planning application for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe-2 well site

Our key operational focus for the coming period will be:
· Progressing the proppant squeeze at the Wressle oil field to attain target production of 150 boepd net to Egdon

"Not concrete but 8 out of 12 so 66% COS I would hazard a guess"

COS is a minefield - there's a big difference between "finding oil" and "finding oil in the ground in commercial quantities" and "finding oil that actually makes us money" eg Broadford Bridge - HH- ?????Turkey hopefully?????/

One leaks like a sieve and the other practices total Omerta..............

UKOG also have a non exec who has, as far as I know never spoken to the media or to shareholders nor written anything. Their Chairman owns/is involved with companies who have done very well out of UKOG over the years but he lives in Texas. The FD is the only one who owns any shares and he bought them 6 years ago (and probably regrets it every day). They also have a couple of other senior execs who are not on the Board but clearly aren't paid in washers

Talking out your backside! It’s a very small unit

Their costs are well above what Egdon incur - and Egdon don't pay bonuses for an £ 9mm dry hole

"Bet that 100k buyer couldn’t believe his luck this morning watching dumbos giving their shares away dirt cheap for him to mop up right before 2 EWTs."

yeah - he's down £ 1000 quid already

"Imho, UKOG has always been managed as if it was a bigger company than it is.

Agreed - too many overpaid Directors and a cost structure of a company 10 times its current size

Someone has actually bought some shares in EDR............ now THAT is news!

In their dreams

That's 107 bopd Ibug - same as November near enough and less than 50% of April 2020

It would be better than a decline but hardly game-changing.

If they could cut there costs it might be enough to pay the corporate bills