Member Info for Mirasol

TrollHunter2 Posted in: UKOG Posts: 2,295 Price: 0.175

No Opinion

Massive oil field in Turkey23 Nov 2020 11:53

Happening early next year......couple of months away now.

Loxley and Horse Hill to bridge the gap between now and then.

IoW to happen next year also..... permissions in discussion but will be financed by Resan success.

This is no one field oil company. Several plays and several wells planned in each field.

Mid-Cap oil and gas company status within reach.... could all change very quickly, especially with Resan result early next year and production by the summer. £££££££££££££ :-)

Enjoy the transformational ride from here chaps.

Quote over 9 months old - nothing has happened since

And the apparent disappearance of Zielicki

Trafigura probably want to keep the actual work at arms length - to avoid any abandonment liability. Cut down the management to one or two, outsource the ops to someone like Charlie Palmer's outfit , rake in the cash through repayment of "loans", "defaults" and "interest", keep the shares suspended as long as possible. Delisting would save them money but its always useful to have a quoted vehicle in case you come up with another Cunning Plan to shove out on AIM

"I wonder how you would feel if someone made you an offer ?"

Just who is going to buy a failing UK onshore outfit with abandonment liabilities and a useless US Stripper operation?

It'll be last thing on Friday and it'll say that they aren't going ahead - it was never anything than a smokescreen to cover the suspension and the default.

01-Nov-25 0.1477 mcum m per day

02-Nov-25 0.1540

03-Nov-25 0.1422

04-Nov-25 0.1423

05-Nov-25 0.1411

06-Nov-25 0.1335

07-Nov-25 0.1438

08-Nov-25 0.1403

30 day rolling average 0.1398 m cum m per day - production seems to have stabilised back at the Feb 2025 levels

Can anyone who wants to wander on about Climate change, politics etc go somewhere else please?

This is supposed to be a board about investing in RKH

Https://energynews.biz/china-unveils-first-liquid-hydrogen-tanker-truck/

and you think they'l be allowed to drive along leafy lanes in Dorset?? They're nothing more than a motorised bomb

"... have you heard of data centres, AI and a company called Ceres power."

yeah they make big losses as well............ £ 28 mm loss after tax last year

"Honestly, why insiders selling before placings has been par for the course for years. "

yes but UJO has been one of the worst for leaks

"Definately, it's laid out in the RNS's and CEO interview. So much evidence this is going to be massive."

Ah yes - UKOG RNS and CEO interviews - have been such a great guide to the future haven't they TH2? 29 BILLION shares, £ 100mm burnt and a share price that is so low its hard to enter into an EXCEL spreadsheet

"Doesn't the work have to be carried out by June 2026 under a work programme agreed a year ago by the NSTA ?!"

the history of the UK onshore has been people not meeting the time frame for their commitments and the DEn/DTI/OGA/NSTA granting extensions for years

TBH the onshore is so insignificant it's a pain in the A for the regulators . Its so much easier to rubber stamp an extension than have to go through the messy process of enforcement.

Marko doesn't realise just how many pathetically obvious rampers have been seen on here over the years.

We've seen it all. He can't even produce a graphic of a rocket.

TOTALLY unconvincing.

JHI aren't listed so Westmount will have trouble realising any value. Also they're not doing much

No-one will go to the S basin for 25 years or so - BOR are a lifestyle company

Falkland Islands Company - they run most of the town etc

'Reabold anticipates re-entering and recompleting an existing West Newton well in Q1 2026 in order to establish sustained gas flow. The gross cost to re-enter and re-complete is expected to be c.£1.4 million (c.£1.2 million net cost for the consolidated Group).' ..a ray of hope for Q1?"

No rig contracted, no work on the site started - = no chance for 6 months at least. And where's the cash going to come from?

You could answer BP's questions Marko - we might believe you then

The only way the SP will go up here is after a 10,000 for 1 consolidation

I'm assuming that FID will be announced before year-end and that should certainly improve the SP here.

My thoughts turn to the post-FID landscape. I'd expect a steady increase for a month or so as late comers and institutions come on board however after that it looks pretty flat. Yes, there'll be a lot of news flow for 18 months or so about contracts and people etc but nothing that actually changes the basic numbers. The next real game changer will be the results of the first development well somewhere mid/late 2027, so its going ot be a prett yroutine stock for a while.

The only possibility is that someone comes in to take the company out - but I suspect that would aslo wait on initial results from development. The buyer could look pretty silly if something went wrong.

Mr Chairman still seems to me missing inaction - still not signing the RNS's nor making any comments.

However I detect a slight change in Ocelot's contributions this week. Sounds like his elders & betters have been in touch , possibly prepping him for an announcement in the next week or so. Probably pulling the plug on the mystical RTO ("oil price scenarios changed") and with some statement that they're close to a formal agreement about the debts they have.

And how much have the PI's made compared to Bramhill?

Lets not forget all the leaks, all the promises and forecasts and now the price in the gutter again