Member Info for Mirasol

Surely the highlight will be the chance to see a genuine, live Tidswell??

Craig - be sure to sell before 12:00 - every day trader who bought in at the bottom will be selling again - just like Friday

I don't know and have never met Lucan but I have a sneaking feeling he got into this lot and now wishes he'd never heard of ANGS. Presumably he's talked to everyone in his contact book and not a single one has stepped up to help. "oh God - here comes Lucan again..." can't be pleasant......

What does he do now? The bottom feeders don't seem to want to take on 100% of it and they are fighting over who gets the cast iron hold on the assets (such as they are). This is pretty desperate stuff for AIM. There are normally enough sharks (often with Australian accents) who think they can pull the wool over PI's for long enough to turn a $ on any stock. The fact no-one is stepping up tells us everything

"reserves are added for the Kimmeridge,"

UKOG admitted in their EA submission that the Kimm is not economic at HH - you can't add reserves in that case

"George Frangeskides's opinion is of interest to me."

call him up and make him an offer - he'd take your arm off.............. he hung on too long until actual production - which has been very disappointing - everyone else bailed out ahead of the facts - now no-one wants to buy their stake - not even SS

"the companies involved in Horse Hill think it could be a very large project."

there were 8 companies in HH-1 - UKOG, Angus, Magellan (tellurian), Alba, Stellar, Solo, regency, Doriemus

6 sold out, Angus don't pay their way leaving the LTH of UKOG to finance the whole wonderful deal

" George Frangeskides"

Ah yes - gorgeous George who avoids paying his share and hopes SS will buy him out

UKOG is overwhelmed with short term rampers AND derampers today - dozens of posts from people never heard of before

Don't you just love AIM?

"Maybe you should look at SS's previous discovery record."

hasn't been very good for the last 8 years Wizz......................

Come on Heid give us your old song about Uncle Steve

why are you here Jaffy? Us LTH's haven't had much of the benefit of your 7 years of previous posting (allegedly) on LSE before

and at ANGS

Looks like even Ocelot has given up on the "imminent" financing package

" but not everything always goes wrong."

It does at UKOG

Keep posting heid - you might be able to keep the price afloat until you can get out

"Did the EWT finish at the time the production licence began March/April 2020."

Yes - the OGA wouldn't hand out a PL while the EWT was running - tho it was, in fact the other way round.

Because so little was happening onshore UK and because the Kimm was so new the OGA effectively allowed UKOG to produce under the EWT approval for well over a year. They'd argue (correctly) that UKOG weren't making a profit so that was OK under the guidance.

Once they'd approved the FDP the EWT officially stops and the production licence supersedes it.

Wizz - you haven't addressed the issue that the reservoir model is clearly wrong

reserves must go down and there goes any RBL

"Water injection was always going to be needed in the early stages & would need to have been provided to support production that was not even there in the EWT to prevent depletion. As far as I know HH1 in its present form was not drilled as a production well, it will be interesting to see what happens after the water injector is fitted & what it will produce as a horizontal well after its reperforation when the water is reinjected."

Wizz - the injector was well 4 or 5 in a 6 well campaign - HH2 zwas supposed to be the 2000 bopd producer- remember?

HH-1 is a slant well (tho not very slant in the Portland) - it was never mean to be an injector nor have UKOG ever said it would be - they talked about a dual completion as a producer from the Portland and the kimm (remember that?) .

You don't turn your only producer into a water injector - not even ANGS are that stupid.

"RNS says construction complete end of May. "

Did they say "imminently" ... or what year???

wizz - the problem is that HH2z was supposed to be a PRODUCER - it isn't - at least some of it is in the water. So the original Reservoir model is wrong as they have water where they expected oil - that means a certain reduction in Oil in Place and in what can be produced. That's why there is no new CPR