Member Info for Mirasol

"next move a dividend 6 months from April say 3% +"

Really? paid for with what? At 100-120 Bopd gross Wressle will just about covering production costs.

You have to ask what do they do for the money - I can't see it's more than 1 day a week - there are no operations, no vast number of bills to pay

I suspect Lucan probably spends an hour a day reading and sending emails, calling his mates and goes of elsewhere

Yes - the UU is a bit of a giveaway isn't it....................

"Could West Newton be bigger than Wytch Farm !!!
I'm beginning to think it could be with all the secrecy ...no News"

The other monster onshore UK find also has no news - at Horse Hill...................

"How does he get away with the way he runs this company "

loads of tiny shareholders - no big outfit that can get rid of the BoD - and since they dilute rather than get loans there are no major lenders who can turn the screws

"Must be a takeover on the cards here."

we should be so lucky - who would buy? There is little UK production and you can get the same terms from Aladdin on any of their assets (it's their business model) - why take on the abandonment liabilities at HH & Broadford Bridge - and the billions of shares and demented share holders? The French came in, took a look round ,and disappeared overnight

"AIM CEOs in my experience simply can't sit still, and for some reason they are under the impression that chasing rainbows and buying up other non-producing assets is something shareholders want to see. "

Lot of truth there - but the real problem they have is they have a very limited asset base, and when it moves as slowly as the UK Onshore you need to keep doing new things to keep the news flow going and the AIM day traders interested. If you don't you're like Egdon - an RNS every 3-4 months if you're lucky, few daily buys/sells and very little excitement - but reasonably well managed

we all know who Ozy is - our old friend Adrian Aka FTH

he went through a bad patch appearing every Friday after the mods went home, posting like crazy until 9 am Monday when they came in and booted him into touch again. After about 6 weeks of it he came on as Ozzy and has moderated (more or less) his behaviour and is now allowed to play with the nice boys again.

But the old cloven hoof is likely to come out again if we push him too far

"What do you expect Heid from the sort who try and intimidate people "

says Mr Investment who mocked people with disabilities last week

"The directors have confirmed repeatedly that its completion is imminent. "

That says it all in one phrase - the loan is always "imminent"

"It was in an RNS and any material change to that plan (Q1 '21) would need to be communicated."

you clearly haven't been on AIM for very long

"People often forget that ANGS can dispose assets too to bring in cash."

Which ones - not even UKOG would cut a deal on Balcombe and Brockham when they REALLY believed in the Kimm and Lidsey has been a dog way back to 2005-ish when Midmar tried to sell it. SFB is the only sellable asset but you'll remember that the last owners had to pay people to take it away - and if ANGS sold it they'd have to do the same

"I noticed that it's a very challenging environment to get the gas parts"

that's Lucan talking - the suppliers probably tell him it's challenging to ship parts to someone until they see the cash

In the midst of the greatest slow down in 70 years in the oil business parts/kit will be available everywhere

sorry finger trouble - only 25k

Its only £1200 Ocelot.................

Good to see your up Adrian

Thanks IBUG

$1,429,417 gross to end December 2020 - UK Annual Admin 2019 £ 4.166 million

so where will the rest of the $ 5mm come from for Turkey.

"Both turning up to be crap , we are catching them up slowly"

in dark moments I sometimes think it would be good if UJO, ANGS and UKOG merged - then I'd only have to read one lot of false promises from Company, see one lot of massive dilution and one lot of persistent underperformance..................

Ocelet - can I ask why you continually keep requoting RNS's? No-one believes any "forecast" the company gives anymore - we only believe in facts - - such as the OGA figures - or perhaps a new CPR?

over six years since they drilled W Newton A - and still not properly tested......................... even UKOG managed to test HH in less time..............