Member Info for Mirasol

How does 60 bopd gross pay for the salaries here?

"No company would provide a running commentary while such negotiations continue:"

Not true - look on say Energy365 - companies regularly update the market about such things. Santos for example have made regular updates

about the progress of their proposed takeover by ADNOC - and the outstanding issues at each point.

Ocelot stated she is a shareholder on 18th Aug in reply to my question

"but yes - I'm a shareholder . Now Ocelot - are you?"

Yes

"UKOG does have some financial liabilities" - Ocelot

"the war situation has developed not necessarily to Japan's advantage" - Emperor Hirohito after 2 atomic bombs dropped on Japan

"but how did this exchange advance anyone's understanding of the company or it's sp"

It drives decent, informative posts off the front page - its an old trick but still much used

Rockhopper are and were a tiny company - they did remarkably well to get the funding to drill the wells and discover hydrocarbons. But that was it. The oil price went south, they had no other serious income or assets. No -one was going to lend them a $billion ++ to develop Sea Lion - bankers want a track record, certainty. Even Navitas have had to work hard to raise the cash- but they have other fields and they've been able to assemble a good team.

Think of all the other oilers you might have invested in 15 years ago - Desire, Talisman, Premier, Cairn, Ophir, Dana, Sterling, BG, Toreador, Svenska, Addax, Caithness, Northern, GB, Celtique ..............

"Do you seriously believe ANGS would have been able to release an RNS on 19/5, with the information contained therein without there being any truth in thecontent?"

On AIM? who could seriously think such a thing. Let's say the RNS doesn't say they're doing a deal - they're thinking about it

I 'm thinking about winning the Euro-lottery

" I am currently unable to understand Mirasol's."

You wouldn't be able to understand my position - I haven't sold my soul to ANGS and its advisors

Getting rattled - asking questions about "do you own shares"

telling us she does own shares

starting on personal attacks

sad to see a pro fall into the pit with Adrian & TH2 etc

"Despite our understandable optimism, we need to remember that in 15 years only two companies have cemented their interest,"

Of course Noble, a large US company , farmed into Argos in PL001 and effectively took 100% of the interest.

then they did nothing and exited just as the oil price started to recover - very very very strange - never understood it at all.

"Not to mention a rig contract that will last for 9+ years if they are drilling straight through/back to back on Phases 1,2,3,4,5"

I'd say that is unlikely - they will, of course, want to prove that they can execute Phase 1 of Sea Lion and get some cash flow. But it's easy to swap the rig over to Isobel or anywhere else in the NFB for a 60 day exploration/appraisal well at any time. They may want to do it so they have time to digest the vast amount of new data each Sea Lion well brings anyway

"But is it perfectly normal for these commenters to post multiple times a day on various O&G shares, always presenting a negative spin."

Croq - the reason the spin is negative is because they are such rotten performers. Small AIM O&G companies have turned into a disaster area - UKOG, ANGS & PPP are suspended. Egdon was taken out, UJO & Star stagger along, Europa are totally pie in the sky. Reabold & Rathlin are a joke. The only one with any hope is RKH - and they're aiming at a significant dilution to fund Sea Lion. The level of value destruction in this sector is enormous.

There is a long history in all of these shares of grossly optimistic management announcements followed by share price collapse. That is undeniable.

"That reading for 16/08 must be the highest in a good, long time: 0.1453"

11th February to be precise. At that point the 30 day average was 0.1437 - now its 0.0985 or 32% lower

I thought it was TH2 for a moment not Ocelot - who is clearly running out of ammunition - no steer from his employers again this weekend.

but yes - I'm a shareholder .

Now Ocelot - are you?

"Why do we think RKH were in such a hurry to get their portion of development costs in place so quickly ?"

Because FIG and Navitas want proof the RKH money is there BEFORE they give approvals, and not the day before - they want it well in advance so they don't get blind-sided at the last moment. Think about the FPSO for example - they have to give notice to Bluewater as to delivery dates etc etc - they need to know that RKH have the cash before signing a multi year contract worth hundreds of millions.

"we know that they are using open hole gravel packs, not smart completions. This means that any water encroachment is not as easy to control. They have to run production logs to see where the water is actually coming from and then work out if they can stop it be - for example - injecting resin across the water encroachment zone."

Good points - there's a trade-off with smart completions - more expensive and much more prone to go wrong over time. Not so bad onshore Texas but something to avoid in the NFB I think. and water breakthrough is a curse that has few really effective treatments. You can pump all sorts of things into and across the water zone but it generally finds away round or through fairly quickly.

05-Aug-25 0.1201

06-Aug-25 0.1260

07-Aug-25 0.1302

08-Aug-25 0.1260

09-Aug-25 0.1249

10-Aug-25 0.1248

11-Aug-25 0.0907

12-Aug-25 0.1242

13-Aug-25 0.1182

14-Aug-25 0.1048

15-Aug-25 0.1354

16-Aug-25 0.1453

Rolling 30 day average 0.0985 mcm per day

"Whose side are you on, Mirasol?"

The side of truth Ocelot. Honesty. Fair dealing. Bright light into dark corners.

"This is the point I was making, that Angus is very far from being a PI stock, nearly half of its issued share capital (48.66%) being held by significant shareholders."

nice to know whose side you're on Ocelot

Thanks Croft - it looks like a reasonable summary of the geo-technical risks.

They won't know until they have some production history that shows pressure and fluid performance what the issues are. Most fields require at least some tweaking (or "optimisation" if you are writing the RNS).