Member Info for Mirasol

"They transacted a large chunk of money. Which implies they don't know what they're doing. "

I think it was the money left over in Petty cash and as for knowing what you're doing - they took one look and got out - which suggests a they're a damn sight cleverer than all the PI's here

One is a company that employs 115,000 people world wide and makes profits of over 1.3 Bn Euros a year - the other is a company that is financed by payday loans that has drilled 3 wells in 6 years - one good, one bad and one they won't tell us about.

Which do you think is the most successful??

"as matters not to you"

Tymers - I' ve been posting on here a lot longer than you have - and I've made no secret of my position - bought in around 1.16 5 years ago and need around 2.40 to exit having made 10%.

UKOG UNited in Woe

" would, long ago, have removed the current directors imo. "

and that is probably why they weren't welcome....

"We will have an RNs this morning"

Now 08:50 and no thing on the horizon...................

I think YA only asked for a £ 75 k conversion as they are trying to keep the whole edifice afloat until they get all their cash out - I doubt they'd lend any more to UKOG without some good news to keep the poor demented PI's buying.........

"Bouygues are no major. SCDM is the private investment vehicle of the Bouygues family"

Its true they aren't a major oil company but they have annual revenues of over 35 Billion euros - which makes them a player in any game. The fact they bought in and then bailed out ASAP has never been explained by anyone - but they clealry didn't like what they saw.

River runner - another new poster - this time with a negative agenda - who do we think it is really??

"Big Portland CPR plus a first Kimmeridge CPR at HH would be needed."

PCS - BP are never going to come back onshore UK - they sold Wytch Farm when it was still producing 10,000 bopd. They don't need the hassle (swampies chaining themselves to every petrol station) , the reserves aren't big enough, it takes far too long to achieve anything. No major is interested - and they haven't been for over 20 years

"That rumour does the rounds from time to time"

yeah and every time I point out that the Portland at HH would keep BP in business for about 5 days....... people say "BP" because it's the only major oil company they know..................

" HH is declares commercial going forward n a CPR rather than just by UKOG."

Penguins - to be pedantic you don't need a CPR to declare "commerciality" - that is HHDL's call based on their judgement (!!) and they can go ahead and face the consequences (good or bad). For example the OGA does not take a view on any commercial aspect of the field development - only the technical issues. The question of profit or loss i for the company and the punters. Big companies do not produce a CPR - they just take a view.

A CPR is needed for small companies and for anyone who wants RBL - that's all

But without it everyone will assume the worst - which is why we desperately need NEWS

"Could be one tanker per hour."

Another outrageous post from TrollH-

I see its only 20% today - it was 40% at last nights close :(

Crude prices plunged further yesterday as Monday’s panic continued, with no end in sight to the swelling global supply glut. The more actively traded June WTI contract briefly slipped into single-digits a day after traders had to pay $37.63 to get rid of their oil at settlement of the expiring May contract, with funds continuing to sell as they face shrinking storage space and a 30% plunge in global demand. US June futures traded a record of over two million contracts. US President Donald Trump called on the government to make funds available to the oil and gas industry, calling Monday’s crash a “financial squeeze” and talking up a halt to Saudi imports.

Kremlin spokesman Dmitry Peskov said that major oil producers could hold further talks to discuss their new output deal if needed, while OPEC kingpin Saudi Arabia said it was ready to take extra measures to stabilise oil markets.

US crude inventories were forecast to rise by c16.1mmbbls in the week to 17 April, after posting the biggest build in history last week, although the API reported a smaller 13.2mmbbls build post-session. Official EIA data is due today.



Brent fell $6.24, or 24%, to close at $19.33. The expiring May WTI contract rebounded from negative territory and expired at $10.01, as most open positions were settled on Monday. WTI for June, the front-month contract as of today, fell $8.86, or 43%, to $11.57. Brent’s session low of $17.51 was its lowest since November 2001, while the WTI second-month (June) touched a record low of $6.50.

"David lenigas have any involvement in this share anymore"

Certainly not officially tho he may still own stock as a PI. He disappeared off to build up an Australian operation but they seem to have stitched him up (!!!) and he was ousted leaving a trail of tweets - about a year ago maybe??.

some wretch keeps trading 3 shares.... weird......... maybe the office cat is sitting on the keyboard

PCS - you are correct that we have to wait for a decent RNS (now nearly 4 months since we were told about the water) and the CPR for definite info. Until then all we have is the historical published data.

i'd also point at Alba - they clearly aren't sure which way this is going to go. If they thought it was a dog now they'd take whatever UKOG was offering in paper and dump it all immediately. If they thought it was going to be a great success they'd find a way to maintain their stake. As it is they aren't clearly aren't sure - and they have all the data.

" I here there will be more today "

Who from? Harry the Horse? Mystic Meg?? Heid??? (in descending order of accuracy)

"Has SS done a deal with another entity who are sending our oil into storage vessels, and is getting a better price than at Hamble. I just do not know, but think its likely."

Zoom - pray tell us why this other, open hearted and open-cheque booked buyer would pay more for the oil than UKOG's long term buyer? When they can buy literally millions of barrels at market price? UKOG are lucky to have anyone to take the oil at the moment - they may finish up having to put it in those little plastic bottles and send out to LTH...........

"The board suddenly left today and returned to yesterday evening."

Last week at one point it went back to late February for an hour - I suspect finger trouble in the IT department. LSE run out of an office in Essex these days and probably employ Joey to run the website..............

Even YA won't put up cash?

Looking at Angus they've had to go to a big PI for their latest cash injection and the talk there is that is because YA/Riverfort wouldn't continue to lend large amounts.

Do UKOG have someone like that in the background? We know we can forget the BoD

Whats the game with all these tiny trades? Dozens of less than £ 100 deals going through - presumably someone is trying to manipulate something but what??