Member Info for Mirasol

"not if they are forward selling the majority"

They'll have to prove it produces at a forecastable rate to forward sell

I remember a major oil executive from the States saying:-

"oil is very odd product. If the world price is $ 50.00 a barrel I can sell an unlimited amount if I ask $ 49.99 and I can sell none of it if I ask for $ 50.01"

The problem for EDR and its partners is the amounts produced are very small - that limits the absolute upside I'm afraid. But it will still be better than where we are now.

"which one first?"

As discussed below I'd bet they go for the HH2z first - they don't want to risk screwing up their producer before they have a second string to their bow.

Poster HH1 HH2z Total

Sting69 560 650 1210
Mirasol 400 400 800
Skwizz 400 400 800
Ohmetoe 780
Penguins 450
Mickybee 1

I don't know rogan - the optimists aren't backward in naming numbers either IIRC

I'll just keep a running total and see how it comes out.

I could spend the Bank Holiday paging back to see what some have already forecast but that really would be a bit naughty , don't you think...........

That makes sense roganjt - get HH2z flowing BEFORE buggering about with HH1 - they'd look a bit silly if they screwed up the HH1 well and then HAD to make a success of the HH2z......................

"Basically give investors the information they need to start to assess the value of the company"

Agreed - but NOT WELL RATES - we need total forecast PRODUCTION TOTALS - Angus pulled the wool over everyone's eyes at Brockham using rates. AS you see Penguins - they have the numbers in the FDP - it doesn't take any work to share them. Then we can judge if people deserve bonuses or not next year.

"But the wise are buying your cheap shares"

We're fine boys & girls - Gandalf, and the Fair Eleven Folk of Lothlorien are buying in

Off and running:-

Poster Date HH1 HH2z Total

Mirasol 23-May-20 400 400 800
Skwizz 23-May-20 400 400 800
Penguins 23-May-20 450

"Whats is everyone's hopes and numbers on a rns of increased production? "I

rather than the usual Ramper/Deramper arguments let's just have a sweepstake - as we did withe share price last year. I'm happy to moderate it .

What will UKOG state as actual, steady state, production from the HH1 dual completion and the HH2z Portland in an RNS?

I'd be happy with:-

HH1 - 400 bopd from dual completion
HH-2z - 400 bopd from the Portland

Over to you folks!!

I think it'll be Ok in the medium term - Getting Wressle on stream will do something an- the big potential setback is Shell not taking up the options offshore if the oil price doesn't come back

"Hopefully the start of the interventions to significantly increase production.. including commingled kimmeridge oil flow from hh1.."

That I think is a reasonable hope we can all subscribe to - increased production is a key to turning this share around and ensuring any form of long term recovery here

"So you got it wrong. Get the fact right before posting crap. Anyway why are you here are you even invested?"

I don't think you're either the Dalai Lama or the Archbishop of Canterbury 10p -sorry taxis.

and now Jazzy Jim - but a "masked Troll" I think............... it's as if someone watered the desert............

"I'm hardly a newbie," Taxis......

Officially only 81 posts in over 5 years, turns up here on Friday night around COB with a long holiday weekend ahead and already ****ging people off-

come on 10p - we know it's you............... :)))

Welcome to another Newbie - taxistoohigh!!! And all ready one post removed by the Mods!

That makes about 10 today wonderful, wonderful and it "finished at 0.225p"

i think most people will look at "16:35:48 22-May-2020 0.20 GBX 10,000,000 20,000.00 " for a btter indication of the real price

Bringing in the big crane normally means subsurface work - I'd guess its the dual -completion - 7-10 days work

"Is that the Sound Energy that has risen 37% this month? Up 5.58% today. That one?"

Yes - the one that was 42p a share 2 years ago and now is 1.4p

And still they come -

manchego, TTFN..................

quite a few seem to be "masked Trolls" to quote young 10pTymers.

Hurricane - that's a tough reservoir - almost unique I think - but still 10,000 bopd a day

I don't think they can stop water inflow in such rocks - it's a matter of handling and re-injecting it .