Member Info for Mirasol

the last was Trollhunter 2 weeks back............

RE: Buys flagged as sellsToday 11:39
Trolls busy this morning now they've got down off the rig and let UKOG get on with reperfing and increasing OIL flow rate out of HH-1.

With the new set-up and the pumps working to their specified capacity we could expect to see a production rate of 500+ bopd by then end of this week

Mr.Investment Posts: 1,102 Price: 0.22 No Opinion 02/09/20
RE: Free MoneyWed 20:36
I can already see the impending herd on the horizon. This time next week you’ll be lucky to get a share here under 0.4p. Couple of weeks ago people saying a placing was likely before the planning meet. Not sure where those people are now, sitting quietly having loaded up if that have any common sense.

Tymers Posts: 2,950 Price: 0.27 Strong Buy 28/05/20
RE: The winds of change...Today 15:31
The sp is only going one way from here up quite simple if you want to make some serious money you invest imo huge uplift 1p before long heading to 2p an upwards I knew this was coming like many holders and new are coming on board. Happy Days Ukog United

0.1457p.... where is our Premier Ramper when we need him???

Since a Director bought into this company

say it all

I've been involved with several raises from banks etc - the first thing you learn is htat they'll try and tell you that of ocurse they will lend - but you need to know exactly what steps you have to getthrough. I know of one company that v nearly went bust becaause they were assured they'd get the loan - right up to the point it never arrived intheir bank account.

Natural resources companies are problematic as few people understand the risks (cp leanding on ofice space in say Singapore) and they have to rely heavily on their experts (inhouse & consulting) to guide them - then they apply a discount "just in case"

Thank you - my take is that the Bank would have flagged their minimum loan size up front - I'd suggest that ANGS went in for the P10 case in the CPR and wanted over £ 20mm but the due diligence wouldn't support that number. Normally Banks will only give you 50% of proven producing - maybe 60% on a good asset when prices are high. This is proven but not producing so they'll have taken a bigger knife to the numbers. Also would want to see a bigger investment by the BoD - they REALLYy want the Directors to feel the pain if it all goes south

What big International Bank ocelot? If it's Gneiss "On behalf of the Saltfleetbyby Joint Venture Angus Energy plc have engaged Gneiss Energy.."

"Engaged" means hired - ANGS are paying Gneiss - it's not "offering assistance"

"Expect flow back on tomorrow or Wed? "

Cinders - the ideas have been explained several times in the past - they have to shut in the well to measure the pressure as it builds up. The longer they wait the more accurate the data ( a reservoir engineer can never wait long enough...) - its judgement call depending on how it is reacting. No doubt they are comparing it to previous pressure buildup as well

Problem with "big banks" - in fact slightly small banks - is that they 've seen all this before. They also employ their own experts to look at all the data and don't accept a CPR as evidence. Plus they also have long memories and no doubt have an interesting file on ANGS, UKOG etc etc covering events of the last 6-7 years.

"Asher: it seems to me that any trade at 0.73p+ is a buy. I don’t know why the algorithm is getting it consistently wrong."

Because its very simple - Bid 0.7 Ask 0.8 mid pt = 0.75 Trade at 0.73 is LESS than 0.75 so categorised as a SELL, if it was 0.751 it would be categorised as a BUY as its ABOVE the mid price

Its a rubbish system - I don't know why they bother

yes, correct. The Pet Engineers will want the longest possible buildup, the FD the shortest............

We should get the July production figures from OGA this week?

https://www.csi-pl.com/Natural%20Gas%20Pipeline%20Sizing/Natural%20Gas%20Pipeline%20Sizing.html

to deliver the 10 mmscfd max used in the CPR they can get by with something between 1-2" diameter probably

"I thought all the old ramping crew had become derampers"

not all................ some have disappeared others still beat the drum - but that's what they're paid to do

"there have been a few workovers on the Portland, presumably because production tails off (declines) -"

Looking back UKOG/HHDL have worked over the Portland on a regular basis - but more often in winter . I suspect its a waxing issue or similar - nothing to worry about but it means you have to pull the rods every 4-8 weeks - seems to kick in once the night temperatures drop below 8C

Whatever Wizz thinks the absence of any production guidance for the future means that its impossible to value any production except on the basis of 3 month old OGA numbers - and we're due an update from them (if not from the Company) quite soon

"James we are not living in the dark old days we have quick setting concrete these days?"

It's not your drive they'e concreting - the stuff they put down hole has to be able to flow through a small pipe in large quantities at temperatures and pressures well above surface ambient. Then it has to fill in all the gaps between the casing and the rocks (which is not smooth). Then you want it to set properly so it will protect the well bore from a sudden kick of gas or oil at much higher pressures and temperatures from lower down - and do it for 100 years ++

Cementing is a very specialised, and expensive business - and not one you want, can or should try and cut corners on just to save a day or so to help with the news flow

"Whilst I’m sure there are those on here who welcome the fact that you’ve graced us with your presence, and Enlighted us with your intellect. "

says Skyfarmer with 36 posts - clearly one of the old ramping crew under this weeks camouflage

"There have also been issues with the lack of oil flow at Broadford Bridge and the flow of water at HH-2z, for which SS cannot be held entirely responsible."

ocelot - you are correct that SS can't control the geology - on the other hand he is responsible for choosing what acreage to pick up and what to drill and how to drill it. UKOg 's record isn't that different to the other onshore UK oilers over the years - about a 33% exploration success rate spread out over an infinity of time.

I see the problems as a chronic secrecy - why did the French come in/ Why did they suddenly exit?? Why did he keep on pouring cash in BBr?? What happened at HH2z? What is the future plan?? There is also the problem of grossly over-selling the assets - but that goes withe terrain (I suspect UJO shareholders are in for a shock soon for example).

And the appalling lack of communication - nothing solid, no hard numbers, no definitive forecasts.

And then there is the bonus.......................

All this sin't the fault of anyone else - it's a tiny group of people on the Board and SS clearly controls every tick of the clock at UKOG.

"For HH 2 that they could only pilot to the Portland and then side track, not pilot to the Kim , then sidetrack the Portland "SS always intimated that HH2 would drill to the kimm - he never said how far in - it was only post drilling it we discovered they hadn't done it. At the time it was put down to cost savings but it might also be that the long term testing of the Kimm at HH1 had shown it wasn't worth it