Member Info for Mirasol

I have great faith in the minds of AIM directors and their advisors to find a way round any obstacle to screwing the LTH's.................... Maybe Aleph will get shares as part of the deal?

"Wressel is about to produce (it has the ability go glow more) flow has been cut back to aid planning applications, they may let it flow more."

In which case they will have to go back to the planners for permission - you can't just "open the taps"

Just as long as the deal doesn't envisage the arrival of an "HHDL" type investment vehicle

"the Company, Saltfleetby Energy Limited and Aleph Energy Limited ("Aleph") have appointed lawyers, following the completion of technical due diligence."

Sounds like the money is coming from Aleph - maybe they've stitched together a group of investors rather than a single source

Yannis - some on here believe that Shell buying the gas is some sort of major endorsement of Saltfleetby - it isn't. As you say it's a straight forward business transaction if and when the gas is delivered

Financing? I'd hope they can get it - in my mind the question is on what terms and from whom......... if they have trouble with financing SFB the company is in real trouble. When they do get the money they'll have to deliver the project on time and on cost - something not associated with ANGS to date

"Constant misery/negativity is not healthy."

Agreed - but then irrational optimism & misplaced faith isn't either

Shell are not "involved" - all they've done is to sign a contract saying "if you have gas we'll buy it" - no investment on their behalf at all. And its so small they'll never notice if it doesn't turn up

INEOS have just effectively dumped the onshore UK

I can't see why they'd come back in

James - the planners have already said it's not in the public interest - and that's the pros - not the idiot councillors who need no encouragement to say no. To go against the professionals will lead to all sorts of legal action by the swampies - and where will the money come from anyway?

My goodness - our antarctic friend certainly ruffled a few feathers - just about every identity of current rampers on here (where is my old mate 10p?)

The train must be about to leave the station...................

"more news on Turkey due soon, "

Why?

Ocelot - note they still didn't give a period for the "stable flow"

Also of course they don't have the cash to go back there

The Board of Rathlin will act in best interests of the shareholders - as RBD have the biggest interest by far that means in fact in the interests of RBD

I'm sure they will listen politely to the other shareholders but they won't have any influence

Bit of a fever on the RTR chat about a possible RTO, flotation etc etc

They occasionally remember that the well(s) need testing first...............

"So I've been here a while and done copious amounts of research into UKOG, "

Maybe you should be telling us what the value is then - but I suspect you are just another old friend under another name trying to create some posts with high numbers in them.

"The Weald assets EACH provide net present values in the 10s of millions in the success case."

If they are successful - name one Ocelot - not Broadford bridge, not Markwells Wood, not the A21 and HH is looking very sick

and SS himself says that 40% of any NPV on success is burnt in delays.............

I think they may have realised that making money a a licencee is even harder than as a shareholder - but I doubt they'd have sold out of UJO and RBD unless they needed the cash

Do you think her ever reads those emails? I bet the mail box is never opened - just cleared out every year.

OPEX is almost always given on a per field basis

Remember that UKOG had over £3mm in Admin costs in 2018 accounts and HHDL another £ 0.25 mm

OK they'll have cut back but I'll bet they're still way north of EDR - who spent just under £ 1mm last year

because they can't get out without an enormous loss???