Member Info for Mirasol

"Cummings isn't a politician - though he is said to be confrontational."

I know someone who worked with him says he's incredibly bright and can be very pleasant socially but takes no prisoners in an argument - very much in your face.

urns up at 17:48 Friday just as the LSE mods go home, already posting away on here and on ANGS ......

I suspect its HTH2 as he hasn't started raving yet -if it does go to melt down mode we'll know Adrian is back with us - anyway Welcome young shaver!!!

Should have nothing to do with our goverment they should send him back to the republic of Ireland and sort things out there ","

he's from Durham................. as opposed to BoJo who is from New York

You've got to give TH2 marks for trying....

"convoys of tankers " :))))))))))))

Would want to invest too much money and time if the court was going to reverse it..... they have to turn up, not apearing basically hands the case to teh swampies.

The Field Development plan approval from the OGA is still awaiting the outcome of this case - no, its approved that's why the OGA include the production figures from March in their monthly statement -

Top up performing well...... definitely over 0.16p now :-) - 5 thousandth's of penny up............

"Big buyer still going on UKOG share too....possibly some high value investor building a position.... maybe someone involved in the recent placing at 0.16p seeing cheap shares and knows the potential from their due diligence and information received in the placing discussions. "
ah! the mythical "supermajor" or "HNV investor" - rolled out when there is no activity on site, no news, no oil being produced

Really Th2 you can do better - what about the French coming back in? And the price is falling today............ again

This is what all small caps (and majors)a re having to say - they're afraid they'll be downgraded unless they have "an energy transition" exposure

It was exactly the same 10 years ago about shale-gas... everyone was talking it up, a few (unfortunately) carried through on their plans and the rest just quietly faded into the background

Ripley - Alba are a wild punt on Welsh Gold for heavens sake . They hold onto the HH stake because it costs them nothing. N0-one else is interested in buying it so they might as well hold on and hope it comes good.

Over on the ANGS Board they reckon the deal with Doriemus was done to get cash, any cash, into the company to keep them afloat ahead of their planned £12 million float.

"AME's business strategy re high-risk exploration is perfectly sensible and offers opportunities to their partners."

Agreed it's a normal business model - in the UK it#s one the EDR have pursued for years

"With the Turkish license looking to be a high rate of success"

Adrian - no-one has published any estimate of chances of success

"Pressure test takes hours not days or weeks."

They take as long as the Petroleum Engineer wants Gibbon - it was explained to me a while back by someone in the business

You flow the well until you get a steady flow. Then you shut in and record times and pressures.

these are plotted on various graphs and from them you can estimate things like the connected volume, the presence and distance (tho not the direction) of any barriers, limits or baffles.

The problem is that the vertical axis is pressure on a linear scale 100, 200, 300 etc but for the theory to work the TIME is plotted on a log scale - so 1 second, 10 seconds, 100 seconds, 1000 seconds ...... increasing every step. You don't know when the graph is going to stabilise to start with so you just keep recording - the longer you do it the more accurate your interpretation. So the 7th point on your graph is at 1 million seconds = 277 hours or 11.6 days and the point after that............

If all you want to know is "is it going to flow oil or gas" you can flow it for an hour - - a "seagull scorcher" offshore or a "bankers burn" at full throttle.
http://folk.ntnu.no/perarnsl/Literatur/lecture_notes.pdf

But that's were you get the massive flows that CEO's love to RNS - and they have little to do with how it will flow long term. AIM is littered with examples Brockham for a start

UKOG have been pretty good I think at conducting long shut-ins - they don't report the details but they do collect a lot of data

" By the way it's looking very good from what I'm hearing :-)"

Were you hearing The Voices when you predicted we'd be at 20.7p a share this year??

Gibbon - that article is 30 years old - the basics are the same but the technology and the analysis has moved on a very long way I understand

Of course

If I was (god forbid ) a chartist I'd see a steady decline that has gone on for years - any reasonable person would extrapolate forwards and assume it will continue.

This of course is not necessarily what will happen - there could be a ma"black swan" event which changes the whole picture

the optimists believe that is likely, the pessimists don't

So far the pessimists have proven to be right unfortunately

"Past performance isn't necessarily a reliable guide to future performance."

It has been here - 100% accurate for several years.................

Unpublished report - not a CPR produced under PRMS apparently (otherwise they would say so)so XODUS still unwilling to sign off on actual Reserves or Resources

No new data so how could they? As they say " is interpreted to contain .."

Take your choice - not a lot or a lot or (most likely) something in between. What is clear is that there is very significant geological/geophysical risks here - far more than at HH

"In terms of recoverable gas resources, the calculated figures places Loxley as one of the largest gas accumulations discovered and flow tested in the UK onshore."

If you read the 2018 CPR Ocelot you'll see that XODUS weren't able to categorise the Loxley numbers under the current PRMS rules - they're not even Contingent Resources. They stated:-

"In all scenarios there was gas bearing reservoir on PEDL234 however, more data is required to properly estimate the in place volumes. Recoverable volumes were not estimated at this time due to the inherent uncertainties. Xodus believes that a further modern appraisal well and extended test is required to narrow the current uncertainties and enable a better estimation of potential recoverable resources to be undertaken. "

No new seismic has been acquired and no wells drilled since then so it still applies. In other words any calculation is no better than a guess right now - you can show it has very little gas or you can show there is a lot of gas but no-one knows. Obviously SS would like us to believe the larger number but.......

It's in the same section of the CPR as Broadford Bridge and we know how that turned out

I make it 127 predictions - all wrong by a factor between 3 and 227 - all too optimistic

Only about 20 of the punters still posting on here

Philbtach - here you go - I thought I'd keep a copy - the bad news is the WOST prediction (SeaDoc) was 3x the current price..................

UKOG price prediction 31/12/2019 (23.59pm)Today 09:52
Entry Now Closed Good Luck On Your Predictions Entries !!!)

Lonely_Shooter: 33p
TrollHunter2: 20.7p
Legalease: 20p
DavidWK: 13p
Free-Money: 11.73p
Vaghellis: 9.6p
SandyBugler: 8.86p
johnnybbad: 8.09p
Ontheotherhand: 8.04p
Tymers: 8p
TheReverand: 7.8p
Dinero: 7.6p
Strummer: 6.73p
Stockraiser: 6.66p
LifeO'Reilly: 6.60p
wilsona07: 6.5p
Redheadedrager: 6.5p
GoldmanSachs1: 6p
andyparkins: 5.7p
Bubafatz: 5.5p
scooterstan1: 5.1p
JTTALV: 4.80p
northfork: 4.77
jmhy: 4.6p
Vulcan998: 4.5p
robbiec1480: 4.30p
scottydott: 4.27p
Nippy: 4.2p
****neyles: 4.17p
Fufighter: 4.15p
Mkx007: 4p
Joey86: 4p
wasred: 3.9p
Plasmerman: 3.9p
Ngapali: 3.88
soupy61: 3.81p
InvesterInvester: 3.8p
Tobep8: 3.8p
BIGHOW: 3.75p
s7eve: 3.75p
Petercraigscot: 3.65p
mayforddriver: 3.57p
Tetrolite: 3.55p
Gilders01: 3.50p
biscuit68: 3.45p
JimmyRustler: 3.33p
roganjt: 3.25p
chromeinvestor: 3.20p
james-darby: 3.2p
kernowlad: 3.15p
Greggie3383: 3.15p
Spider11: 3p
Phil7390: 2.98p
GSYMAN: 2.95p
Stocktaker01: 2.92p
Groover: 2.86p
oneandonly1: 2.75p
Lancs-Lad: 2.65p
oilybloke: 2.60p
Lionsden59: 2.57p
Ohmetoe: 2.55p
Haybob: 2.54p
copland: 2.53p
Garrold: 2.48p
Justdabbling: 2.41p
Ste_J: 2.40p
Rmnm: 2.38p
Sorpresa: 2.33p
hikeaholick: 2.32p
ipadtrader: 2.30p
Cardinal3: 2.25p
Joeyjoejoe: 2.20p
CaptainStanley: 2.20p
Teelin36: 2.15p
Slaine202: 2.15p
breconchap: 2.15p
ben1093w1: 2.12p
TheWildcard: 2.10
robone: 2.05p
Neostars: 2p
FootieladBaz: 1.99p
JRoiler: 1.95p
Ongold: 1.89p
max19: 1.86
Poole-Gems: 1.85p
Geode: 1.84p
ertfed5: 1.80p
Labbloke: 1.77p
Yorkshireman1954: 1.76p
Ttso: 1.75p
Yare: 1.73p
merlin_andrew: 1.68p
loadsawedge: 1.68p
gezza: 1.66p
Jeremiah99: 1.63p
Bigjamie: 1.61p
DMac1973: 1.60p
FJones: 1.56p
MickyBee: 1.55p
Ashes999: 1.54p
Ninetails: 1.50p
Crocqman: 1.48p
Handy111: 1.46p
Ewqwe1234: 1.45p
RupertBear : 1.42p
toftshaw: 1.39p
Qwerty59: 1.35p
figaro3: 1.30p
Beevorma: 1.30p
LeoLazarus: 1.27p
Hully145: 1.25p
rich3648: 1.23p
ANSELMO: 1.21p
Skwizz: 1.20p
Rosewall: 1.16p
TimeNotTiming: 1.15p
daltry: 1.15p
fiftypoundnote: 1.12p
Insidious: 1.10p
pokerock: 1.10p
strudel: 1.075p
dsfat: 1.07p
Ap90: 1.05p
Ibug: 0.99p
pennydealer: 0.98p
JayKay1: 0.80p
Picardy: 0.59p
seadoc: 0.48p

"It would be better for UKOG to sell Horse Hill "

Doubt they'd find a buyer - Magellan could only sell the UKOG and I don't think anyone has offered Gorgeous George over at Alba a fist full of dollars.

And now the production rates are down and the Kimm seems to be a dead dog who would buy it? Like Saltfleetby you'd probably have to pay someone to take it off your hands.

"Why ANGS bought another 10% of Brockham less than 3 weeks ago."

same as when they bought the Big Australian out of Lidsey - a favour for an old and dear friend............