Member Info for Mirasol

This is good news - in general Lincs are pretty good - they've been dealing with Oil & gas for 40+ years

"of course that is true as they don't have oilfield experience, so how would they have met me."

exactly the attitude (sigh..) that you used (sigh... to tell everyone how Brockham would work...............

11-Jun-20 09:23:43 0.19 10,000,000

"I also understand the Angus guys actually have no idea who Alan is"

I think they know EXACTLY who he his - check out Lucan's one post on 19th May - Linkedin lists two people of that name who could fit the bill but I thin it maybe someone else who was around in Aberdeen a while back.

He's taking a hell of a risk continuing to **** people off on here - if this was UKOG Steve Sanderson would have had a writ on him months ago

If they thought the price was about to go up?

To me it looks like someone has heard (this being AIM) something and decided it's time to get out at whatever price they can get as it will a lot lower very soon.

PS Pablo isn't PCS - he wrote in a reasonable, understandable style. My guess is that Pablo is Joey - who never discovered punctuation or capital letters but saw the light and turned away from ramping just in time to save his immortal soul. 10p should ponder on this.

10-Jun-20 15:30:41 0.12 12,641,414 Sell* 0.19 0.20 15.17k O

Phew - reversed a minute later!!!!

Oh Alan2017 is back again - where DID he go immediately after the Brockham disaster? SIgh......................

Now back ****ging off individuals left right & centre............

Don't like to reminded about your "solid Bottom" young shaver???

I see even more new rampers are out today including Brighteye - a thousand welcomes!!

it's really a soulless task - however much you need the money

where is 10pTymers all of a sudden - hiding under the bed in his Mumbai bedsit waiting for new orders?

and then of courre we have from last week:-

Shouldhavedone Posts: 543 Price: 0.205 Strong Buy
RE: When it hits 1b traded sharesToday 12:54
Been thinking for some time YA could be naked shorting this like they did with FRR. If so then expect them kicking off. They will need to cover. Let’s see. Who knows? One thing it seems to have a solid bo ttom support at .20p No more death spiral- sounds good to me.

They are a disgrace..................

"HH-1 Portland initial rates RNS'd just before the AGM, if not......….?"

Agreed - but they're cutting it fine - one small problem and they'll only be able to report the intervention is on-going - which will lead to a further loss of confidence.

And I doubt we'll get a production forecast for 2020 either "as its early days" 6 years after they started HH1

We drift ever closer to sub 0.2p - without some really startling good news this is heading very slowly south

"By the way, where has the money gone for Holmwood?"

They don't operate Holmwood - that was Europa who spent over 8 years trying to get a permit to drill. They pulled out and it's now UKOG as operator - they claim to have a suitable location called ?A24? but it's rarely mentioned by them these days - they have other issues.

"The maximum hgv movements per day is 16, also this is only for a set number of months as per rns a few years ago. Not sure how many barrels this equates to."

each tanker can take 200-230 barrels of oil - so 16 tankers = 3680 bopd

"Now he has hadto sort the YA situation as it was eating away at the shares ."

yeah - but it was his decision to use the YA financing as their basic model - presumably as it keeps any interfering lenders/owners at a distance,. YA etc don't care how the company is run as long as they can get their shares away. Its been clear this has been getting tougher and tougher.

I suspect it was their reluctance to continue shoveling cash in that brought about the Vision on the Road to HH to shift to a more normal financing - but that brings the risk , for the BoD, that someone will have the power to ask awkward questions about things like bonuses .

"If tallow and premier recovered then the opportunity is here ukog united"

Tallow? Tallow??? You mean the candle stick makers 10P??? Jeez - these guys in Mumbai............

"I want to believe that SS is going to pull something out of the bag, but when he goes quiet, it's normally bad news! I think the only thing we can be sort of certain on is HH1 is churning out between 200 to 300bopd from the Portland. There is a high probability that something has gone wrong with HH2-z. The amount of tankers leaving suggest that we are hardly getting any decent flow from it."

I suspect you may be correct

"But I am right in thinking that ukog have had kimmeridge oil from this rns last december? If there are billions of barrels why is it taking so long and why have angus done nothing? Given that the gas wont really give much to shareholders if any, better to look at oil?"

1. yes UKOG/HHDL have produced from the Kimmeridge (which is amazing) but rates seem to have been low (less than 200 bopd) and may suffer from high depletion (fractures) . They are currently concentrating on getting the Portland up & running

2. Billions of barrels is across the whole Weald - that's from Winchester to Kent. It's also IN PLACE - no-one knows what the recovery factor may be - but probably quite low. - maybe 1-3% The numbers are based on 1 well , HH-1, and are calculated by two reputable outfits - but at this stage they're really only an educated guess.

3. Gas or oil? You have to play the cards you are dealt. I think Lucan would like to get out of the Weald for good - it's a hellish place for swampies and delays and the rewards aren't very good so far. He had the chance to pickup Saltfleetby cheap and, with luck, it will make money

"Why cant they ship Saturday????? half day!!!!"

They can and they sometimes do but it seems less o during Covid - possible issue sin the terminal I guess. Doesn't make any difference they're only shipping about 8-9 tankers a week so a couple on Mon or Tuesday makeup the balance

"Looks logical to me . two tankers in before 12. "

it's Monday - you often get 2 and occasionally three as they can't ship Sat p/m or Sunday......................

"Ok, so if Brockham is identical why have we abandoned it? Or are we going back to it at some point?"

No evidence it is identical - and UKOG haven't (yet) managed to duplicate either the Portland or the Kimm - and it's almost 6 years since HH was drilled first.

Many suspect that it was the Old Regime climbing on the bandwagon of Lenigas's hype. The wells seem to have been screwed up and the reporting of the evaluations was... less than complete.