Member Info for Mirasol

where's the snow???

"Before the project, a single well abandonment generated approximately 2,000m3 of waste water and cost £950,000 to send back onshore for treatment and disposal."

Firstly that's offshore not a tanker on the roads, secondly it contains drilling fluids and isn't just formation water

If it was £66 a barrel no oil field would ever make money.............

there isn't one AFAIK

It goes up in the morning and then everyone who can piles in to make a 3% gain so they can boast to their mates

And there are a steady stream of LTHS who just decide they've had enough

"Where do you get £49 per barrel which is over £10k per tanker."

It was number from George Lucan - the Angus CEO - but knowing Anguish he probably go the decimal point in the wrong place.................. It's way OTT IMHO but they could be paying over a tenner for sure

I've a memory of costs on the £15 a bbl range for treatment but it may have been a long while back

To me not spending a few quid converting HH2z to an injector into the toe (which is in a different pressure regime to the producing zones) suggests that the reservoir model and the economics are very unfavourable...........

There isn't one - I think it's been with the EA/OGA for some time

Panther - he's a serial ramper on other stocks - just looking for someone to rise to the bait here

Correct not yet

"(Mardon Taylor) No response from him as one might expect."

I don't think he's ever said a word in any way at all - just takes the cash

GKB - I've never understood how ANGS could be paying £ 49 a barrel. I 've heard numbers of £ 2 - £ 4 a barrel for Avington over the years but then Igas are disposing of the water into their own water injection well at Stockbridge I think. I presume that ANGS are actually paying to have the water cleaned rather than re-injected..................

If only TS2 - I need just N of 2p to break even.........................

Normal rule of thumb is that you can produce down to 50-60 bopd onshore UK and not lose money - you need about 100-120 to really pay the bills. UKOG have a higher overhead than most so they need somewhere north of that. A small amount of water is no real problem - but at 20% + as at HH it s starting to become an economic drag on the operation if you have to truck it.

They should be looking to convert HH2z into an injector I think

Don't do ISA's Heid - it's just pouring money into sticky hands in the City

And It may be big or it may not

I just can't believe how long its taking them to test this

"How come the same people posting all the negativities everyday"

Same as all the people who most clearly wrong positive comments week in ,week out

"And that is exactly what makes UJO so well positioned"

yep! To join such companies as Egdon, UKOG, Angus, Europa, Midmar, Magellan, Celtique, PENTEX, Viking, Warwick, Alkane, Star, Corallian, Reach, Dart, Clyde, Cuadrilla, Courage, Sterling.................

"...we continue to engage with possible lenders and the paperwork only requires a few tiny clarifications before we sign up . We hope to do this in the next 90 days....."

"AME have not put out any press release that it is happening that I could find."

Why would they? Its routine for them , they're not listed on AIM and they have other peoples money in their pockets

They are drilling at 3000 ft in the mountains - people drill at over 8000ft up in the USA. Oil isn't just found below sea level

"Can't beat the onshore for oil and gas"

A place where not a single field has been discovered capable of producing over a 1000 bopd in over 20 years? Outside of Wytch Farm not a single even small oil company operates - only minuscule AIMers? A place INEOS has abandoned for the offshore in the N Sea??

Oh yeah...............