Member Info for Mirasol

"I agree that it might be some comfort if he bought shares in the company but it certainly is no indication of malpractice."

You are right on both counts - TBH I'm pretty sure SS could earn more money elsewhere - certainly for the effort he appears to put in - but there is clearly a gap in his understanding of how the stock market works. No-one goes round checking if the CEO of BP has bought shares in the company - it's irrelevant -but in start-ups and small caps it's a vital signal.

I've been involved in some small businesses and the first question any investor asks is "how much of your own money is in this?"

Maybe because he's essentially got a Big Company background - but the other members of the BoD should advise him

"he takes his salary, prints confetti but doesn’t purchase any for himself."

Not just him - only 1 member of the BoD has shares it appears and he bought them 5 years ago..............

"https://uk.finance.yahoo.com/news/london-oil-week-suffers-more-201710696.html Mind I doubt SS were on the invite list"

You pay to attend - other than the speakers who are invited.................. big schmooze fest in normal years

TBF there have been cases where big trades have been reversed recently - but normally not immediately. I think these end of day trades might be Tellurian - waiting to see where the price ends up and then dumping another couple of million every day

Anything over 0.6 p seems acceptable

Although I was awarded my "masked troll" badge by Steptoes (not sure if it was S1, S2 or........ ) I have to say I think we'd be in a far worse position without the eyes. At least they post the pictures on Twitter so you can see what they're basing their reports on.

I can live with a bit of over enthusiasm from guys who sit out there day in , day out ... it isn't a very nice spot on that road by the site and even walking around it looked a bit "open air " for yours truly when I had a look last year

Which Board - this one shows

18-Feb-20 16:25:08 0.6125 16,326 Sell* 0.60 0.65 100.00 O
18-Feb-20 16:24:45 0.6125 46,939 Sell* 0.60 0.65 287.50 O
18-Feb-20 16:22:03 0.60 7,500,000 Sell* 0.60 0.65 45.00k O
18-Feb-20 16:21:43 0.60 7,500,000 Sell* 0.60 0.65 45.00k O
18-Feb-20 16:20:35 0.6145 162,470 Sell* 0.60 0.65 998.38 O
18-Feb-20 16:18:03 0.617 29,523 Sell* 0.60 0.65 182.16 O

19 million shares in a few big trades since 15:55 - and the best price was 0.605

"then all buys ."

for get the red/blue - what is critical is the trade rprice

The 1 million share deals are all done at a low price - the smaller "buys" are all for small amounts of shares - more numerous but its the two big dumpers that drive the price here - every afternoon after 15:30................

'Our Competent Persons Report is on schedule for release during February 2019, "

I think we'd all be happier if they could get the correct year................ doesn't exactly build confidence.........

"The Famous Five do complex Water Ingress fixes (without any subject matter expertise or inside technical data.)
ZERO credibility."

he WAS quoting from the technical paper Peter - just because you didn't read it all the way through there is no need to get abusive....................

Argus -

Thanks - I normally don't do twitter but that certainly looks like some sort of tubing unit on site - - - probably 10 days to a final fix and steady flow from HH2z.

TH2 - it will take a minimum of 2 weeks to fix after the arrival of the kit - see my post last week.

So far we haven't seen a workover rig nor a CT unit. The PLT logging tool may not be obvious but you can't run it without the other gear. So stop ramping and sit patiently............

it is however possible they are on dual flow from HH1 - which would mean they might be covering their costs at long last

PCS - calm down - Penguins and I aren't saying chemical methods don't work - just that they don't appear to be useful here.

The Company have never said they were going to use Chemical methods - it all stems from someone on here month ago trying to find a "quick fix" solution on Google.

A mechanical shut-off is by far the most common method used for this problem - and it generally works. As the published article points out a chemical fix is NOT a quick solution - a mechanical/cement job should fix the issue in a couple of weeks work once they know exactly where they need to place it.

TBH I think the rig crew will be much happier dealing with a well known technique rather than something they've never used before

I'd expect a mechanical shutoff backed with a liberal dose of cement - it's relatively simple, very well known, used for well over 100 years, the kit is available (not the PLT tool but that's a different beast) and quite quick once they know where they want to shut-off

There is also the question of EA & OGA approval - they both get a bit twitchy about pumping new chemicals into the ground.................

"I wish they would release some news on the way forward, silence is deafening"

They have done - they said they were waiting for Planning - and they've go that, they said they were waiting for a farminee and they've got that.

If you expect a constant drip of (non-) news trying to pump the price you're in the wrong stock. Go and look at the RNS history for Egdon - they don't publish updates on ops - only results.

And because of the large immovable holdings held by Petrichor/HEYCO & Premier there is relatively little liquidity - this is a stock for LONG time holders only..............

"So assuming they are using chemical fix to quickly address the water ingress."

AFAIK the compnay has never mentioned a chemical fix and I don't think was has ever been aplied onshore UK. The whole story comes from Google Warriors in here.

"news on the gate re coiled tubing" - I'll believe that when FTH posts a picture of the CT tower in place - look back at BBr - its about 4 storys high and no-one has shown a picture of the big coiled tubing drum (several m in diameter, going on site yet...............

I just have this vision of a computer at YA seeing the price range rise to 0.65 and WHAM! there goes another few million shares.............

"When the first trade of the day is someone's dumping 2.5 mm shares at the bottom end of the spread - followed by a steady 1 mm plus every hour or so... no doubt finishing up with 3 or 4 mm at or just after close......."

worse than ever ....... 16:32 trade price 0.59p 7,000,000 share dump

"Talk of 5 Tankers today ?"

where?? FOTH only shows 2