Member Info for Mirasol

"they were not your posts"

Adrian - I put the formula in the post - you go and show me where someone else has published the same formula

And all you do is shovel abuse at people.

I can't see any support from this Govt. for onshore oil & gas

The OGA hasn't held a bidding round for new acreage in 7 years and I'm sure there is no intention of holding another one for years. They wish it would all go away.

Offshore is over the horizon (and significant) and so they 're happy to see it continue

" where are your detailed technical informative posts?."

You obviously missed - or didn't understand - the ones each month on decline curve analysis showing that they'll be producing 50% water cut at HH by August/Sept then Adrian and that production will level off at around 60-70 bopd

Ozzy/Adrain - all you do is **** other people off - never add a single decent point to the discussion

Rogan - someone has just bought 20,000 shares - stop the pathetic rumormonging please..........

"My overall impression of the interview is that UKOG remains a highly ambitious company: Turkey, Loxley, in-fill drills at HH, 2 stand-alone geothermal projects in the South of England being studied, Isle of Wight.Imho, the current market cap of £32.4m bears no relation to SS's ambitions for the company."

Oh they're AMBITIOUS enough - the problem, as with so many AIM oilers is delivery - they can never hack it. The Current Market Cap reflects what the market believes they're worth - and TBH they'r a lot more accurate than SS

Horse Hill Oil Field EWT and Field Development Update (UKOG 85.635% interest)

UK Oil & Gas (UKOG) has announced that as a result of a successful reservoir pressure 'interference' testing campaign, undertaken to assess the degree of communication between Horse Hill-1 ('HH-1') and the new HH-2z horizontal, the Company now intends to accelerate the start of up to 25 years of continuous long-term production by 6 months. Production is now planned to commence by bringing HH-1 into Production during Spring 2020 and to be followed by HH-2z upon completion of the current extended well test ('EWT').

Jan 2020

Following recent discussions with the Oil and Gas Authority ('OGA'), a revised Horse Hill Field Development Plan ('FDP') has been submitted which, subject to OGA's final consent, will see the field's overall Production volumes grow in two initial phases compared to the single phase of the original FDP. It is planned to convert HH-2z from its current EWT status to Production in 3rd quarter 2020. "

"Mirasol - the OGA reports are for HH-1 Portland production under FDP - there is no FDP covering the oil produced under ewt by HH-2z."

Are you sure? FDP's are issued by Field not well normally...............

"The OGA only publish oil figures that have been produced under a production agreement where they have given approval as with HH-1. "

Wrong - OGA approved the FDP with several wells (not drilled) in it. It will include any production from the Portland in HH2z - you don't "add" wells one at a time IBUG - OGA have better things to do . HH2z isn't producing very much if anything due to the water cut.

then why didn't you mention it before holding him up as a source of good info and investment advice?

Most people think doing a stretch for violent armed crime to be something they'd like to know about their Financial Advisors.
Now if he'd taken up Charity work or other good works fair enough - but he arrived on AIM....

"Admin expenses down to 1,755k in 19/20 from 3,939k in 18/19."
Still too high - thats about 100 bopd going in Admin costs

Heid

Did you know about Hopkins before I posted?

Ah but Heid he went on later to dabble on AIM - read the article and tell me he's the sort of guy you'd take financial advice from....................

https://www.independent.co.uk/news/business/analysis-and-features/take-aim-fire-former-armed-robber-unmasked-oil-firm-s-boss-10432045.html

A line at the bottom of a press release revealed he had not disclosed his former name – David John Hopkins. It emerged this week that Mr Levi had good reason to conceal his past life: it included a conviction for armed bank robber y and 16 years in jail. In his blog, Mr Levi now admits that he was also arrested in an armed siege “where 38 firearms including sub-machine guns, pump- action shotguns, assault rifles, hand guns et al, and tens of thousands of rounds of ammunition, were recovered”.

Its still got the £ 1.2 mm CAPEX report on there as well.......... sloppy doesn't cover it really

one or two big buys but also one or two big sells - price is currently down 6%

"Just report admin will check his up address and ban him for good unless he moves house"

Adrian uses a VPN which gives random location I'm sure - that way they can't nail him. He's had so many ID's on here over the years we've lost count

"Lots of talk about water, what is the current water cut approximately ? Someone must know ?"

Well the Company never tell us so we're dependent on the 3 month delayed figures from the OGA

December water cut was 29.47% - its been increasing slowly but steadily since it jumped in June 20 from 10% to 23.78%

"Yes a country that wants business and doesn't build hurdles, or file things in the pending tray blaming COVID"

Also a country where the legal system is in the hands of whoever can pay the most and your "rights" aren't worth a penny

Be careful what you wish for

Anyone that listens to Levi should be very careful..........