Member Info for Mirasol

Ozy - tell us where our black & white friend is wrong please

He's right about the published numbers on Turkey and he's right about the poor performance of HH1 & 2z

" This condition is a pre-commencement condition to prevent damage to trees during construction and to ensure that the high amenity tree(s) to be retained"

Nothing crazy about that - its standard these days to try and protect trees in any development - they take a long time to replace .....................

"In the IPO doc on page 4 Angus said that the target for Lidsey would be to bring it up to 300 bopd "

And who wrote the IPO?

Not a single one of their forecasts came good.

They'll need planning permission for that new line I think....................

I wonder why the Conditional Mandate owners are only covering up to £ 8mm and not the full £12mm??

Interesting and well explained presentation

Looking at the maps the new top of the field is only 200-300 ft from the old mapped culmination - I don't think that is going to make a vast difference to Oil in Place ......................

ANGS are famous for getting simple facts like dates wrong in their RNS's - God knows who checks them..................

"It should be emphasised that the Mandate Letter is not a firm offer of funding and completion of the Loan funding remains subject to the satisfaction of those various conditions that currently remain outstanding."

Can firmly kicked down the road for 6 weeks - interesting that the large amount doesn't seem to have come via Aleph............

Due this week for November - i can't see them being very encouraging

"Up we go ??"

First new ramper of the week folks....................

"The other point Malcy made was they don't really need to EWT the KA is sailable in its current condition of data sets from both A and B sites."

You won't get the same price tho as any buyer will add in the risks that it won't flow well - look at the Kimmeridge at Horse Hill - looked great - but a long term test seems to have killed it stone dead. and anyone who believes Malcy will get all they deserve

24 hours since he posted - must be out there checking with "David" to see why they weren't warned about the Consolidation when the usual suspects seem to have had a (another) heads up....................

Do investors feel

A) This is still an exciting investment opportunity and you are cautiously optimistic?

Or

B) This share is going down the same well trodden path like many other AIM oilies of the past?

Guess...................

All fine ocelot but it doesn't bind the Councillors at all.... we all know they'll vote against , then we have to wait 1-2 months for them to publish the decision and then ANGS will go to appeal - which will probably be heard in September 2022

Lot of questions about that Balcombe test Ocelot - it was so convincing that that the owners farmed it out.............

TBH a year after they completed HH2z and we still don't have a CPR tells us all we need to know - HH is on life support until they find something in Turkey

And there are Council elections this summer - they may just kick the can down the road until later this year

The initial Balcombe test was the real start of NIMBY activism - those people haven't gone away and, if anything, are in a stronger position now. My bet is that the full council will refuse the Application (as at Godley Bridge/Dunsfold/Loxley) and we'll be looking at 18 months for a full enquiry

TBH ANGS don't have the cash right now to pursue this will o' the wisp - they need every cent to spend on SFB

I seem to remember that rate was the sum of rates over several intervals tested Ocelot - in fact they only produce one zone at a time now and its never shown much above 220 bopd

Bet they're watching the UJO proposal carefully - they're aiming to go from 19.8 Bn shares to 99 million

Looking for a better class of investor it seems..............

"The Board further believes that as the Company continues to grow and delivers on its mid-tier company objective, the decision now to implement the Consolidation is appropriate, attractive and timely and will be beneficial to both its existing retail shareholders and also assist in the marketability of the Company's shares to a wider group of investors including institutional investors in the UK and overseas and result in a broadening and deepening of the share register"