Member Info for Mirasol

Not sure its possible

further UK investment is pointless for the next few years but they've burnt a lot of money in the USA. The directors are old and past it. could be curtains

They have to stay in suspension until Trafigura and the other vultures sort out the financing and who gets what from the remains.

If they relisted they'd have to make a convincing case for the future to PI's - including details on the debt etc - otherwise the rush to exit would be enormous and the price would finally collapse totally. The fact that no-one is in a hurry to sort this out, but just let the debt pile up tells you that they are thinking of ways to capture the assets whilst leaving the rest of us high & dry.

"Let the leeches perish."

Ever read Christmas Carol? Which ghost is coming for you??

"I'll quite happily switch back to a petrol "

they won't be available - the manufacturers will phase them out and the Govt will gradually tax them off the road

Yes - but then given there is going to be 3-4 years with no new exploration drilling there's little left for anyone TBH

The current fields will gutter on but there's no upside

The Govt takes in a lot of revenue at very low cost to themselves from Petrol. Less petrol sold = higher taxes elsewhere = someone has to pay.

The idea of taxing EV's has been around ever since they started to sell in numbers.

If you don't want it say which taxes you'd increase

ITSAWRAP suggestions are fine but it wouldn't leave much of a company - and it would require Reach, Reabold & Egdon to take on extra costs - I'm sure they all fancy that.

And hard to see anyone shelling out cash or shares to buy into the UK Onshore for the next 4 years

"Yes it was from one of those three companies."

So .... no-one knows anyone at JHI- they seem invisible - not even sure where their office is. Certainly don't have one in the UK. Navitas have very few people in London and are famously closed mouthed - so we're back to Sam and the boys at Sharkeys I guess who have little else to do

"I detect disappointment that the FID wasn't announced on Monday f"

only by those who are desperate to sell - read the long term posters, those who seem to know the FI and the industry and none of them expect it before Mid December

"The source was from within one of the companies involved in the basin fyg."

So that's RKH, Navitas or JHI? No-one else is in the NFB

And yes the article is 2 years old but you don't risk a $ 50Bn project in a country you've been in for over a century to buy a small percentage of an average sized oil field. It's too small for BP and so it's even small for Shell. And no-operated! For Shell that would be a terrible loss of face

He's desperate

"Institutions like Peel Hunt " make their money holding shares for idiot PI's

And tell us again how you short a stock like UKOG? In 7 years no-one has ever shown it can be done

Laura2022 Posts: 14,205 Price: 0.0155 No Opinion

RE: Government energy self sufficiency 26th Nov 25 Today 08:27

12.30pm budget

Expect huge ££ investment for Dorset and Hydrogen network UK pipeline

RWS, National Gas etc

Well it wasn't mentioned at all - what a surprise

"From the budget: Revenue of £3.8 billion to be used to fund generation and STORAGE to meet future peak demand."

There is NOTHING new today for UKOG, or even for the rest of the hydrogen generators.

I have searched the Chancellors speech, published by the Treasury, and can only find footnote references to hydrogen generation referencing previous statements. There is nothing new on generation. The only reference to £ 3.8 billion is to LAST years investment by the whole of the National Wealth Fund covering 28 projects.

Pork pies again..................

" Found my radar because of some rumours (as yet unfounded) i heard about shell being interested"

Well take it off your radar

"In Argentina, Shell has been present for 110 years and today controls or has a working interest in 11 hydrocarbons areas.

Focused on the Vaca Muerta unconventional hydrocarbons formation, Shell is the country’s fifth-biggest oil producer, with a 5% market share, according to July operator data in a report published by local consultancy Economía & Energía."

"Argentina’s state-run oil company YPF, in collaboration with Shell, has signed a project development agreement to advance the development of the Argentina LNG project. Touted as the nation’s premier LNG project, the multi-stage $50bn Argentina LNG initiative focuses on the liquefaction of gas for international export. It involves extracting gas from specific blocks in Vaca Muerta and transporting it via dedicated pipelines. These pipelines will stretch 580km to a processing and liquefaction facility that is set to be constructed in Sierra Grande, Rio Negro, along the Atlantic coast."

" once the debt is sorted and this acquisition is bedded down, ."

So many, many years in the future....................

Far too many people make a great living out of AIM - lawyers, PR hacks, NOMADS, - for any govt to intervene - after all the City of London is sooo important to the UK

I'd like to know who Malcy was talking to.......... the silence/absence of the main Board plyers is one of the more interesting aspects of the current shambles

Shenandoah is Proven Producing

Sea Lion isn't - until they start producing any CPR numbers are simply estimates - sometimes they're accurate and sometimes they are horribly wrong.

" if Sam/RKH knew that FID was being delayed until next year they would have a legal duty to tell us?"

Not necessarily - there is no duty to give a minute by minute update on the Company. Legally the most critical requirement is the immediate disclosure of any "inside information" or "price-sensitive information" that could materially affect the company's share price.

But that's a call by the Nomad and the Company.

If Navitas decided NOT to go ahead that would require immediate disclosure. But if they delay it by a month or so? I doubt that would be seen as requiring an RNS