Member Info for Mirasol

"They are in the process of completing a massive acquisition ffs."

Whatever happened to that OTM?

From the Sage of Broadmoor

Onetomany Posts: 651 Price: 0.245 No Opinion

RE: Next step 12/07/25 Today 08:55

Oh dear, really no clue what is going on. Suspect you will see an update next week on loan and placing. This coiled tubing will provide a significant boost to production from this quarter and the new well will be drilled a few months later. All this talk about going bust is completely ridiculous. They are in the process of completing a massive acquisition ffs.

" huge profits"

from a share of tiiny field producing 300bopd plus some struggling US stripper production - and a CEo who pays himself and his mates as if they worked for Exxon?

Shenandoah sale by Beacon looks like its driven by Blackstone who are moving into renewables. Plus, like a lot of US PE companies, they've been under pressure recently. I guess this is an easy win for them. Must be gutting for the Beacon guys tho'...................

Navitas just want to free up some cash for their other ventures. The Beacon sale will put a REAL value on their stake.

"if you want to get into the Falklands and have billions in cash, the only route is to take out Rockhopper for say £3 a share or £2.7bn "

nobody will pay that sort of money for 35% of a field that isn't on production

She could be used for any possibl drilling - none of the NFB targets are very deep and there are no issues with HPHT, H2S or similar.

The question is do you find an exploration or apprasial slot in the development programme or wait until it's complete? it's really a matter of juggling that.

To start with I'd guess that Navitas will want to know that the initial development wells are as per prognosis and that they can meet the production schedule without risk. You'd look a real twerp if you waltzed off to an exploration well, which went wrong and affected the rig, before you were certain about production.

"... Underlying this is a great business ...".

Yup - and its called Trafigura - who own the debt, the management and the keys................ we will get nothing

" the BRX4Z coming on line"

that's at least £ 3mm for a company that scraped a £140k profit last year...................

" of course the relisting of the shares must be the priority for the board"

;))))))))))))))))))))))))))))))))))))))))))))))))))))))

Of course, of course.....................

Even at full flow there will be a couple of crew change aircraft a week - and the regular RAF Airbus 3 times and the weekly chile flight and maybe a flight from Brazil. The upgrade/reapirs in 2010 would cover RAF C-17 's loads for sure

Mt Pleasant probably has less movements in a week than LHR has in an hour - I think there are alot more thing to worry about than the runway..

There IS a pipeline that bypasses the Straight that runs across Saudi to the Red Sea.

Its relatively expensive so pre war it was handling 140k bopd.

Last couple of weeks its been up to 5 million a day. About 30% of what is needed

The runway has hardly been used by airport standards.

Any work could be done at night. Thats what they do at heathrow and gatwick

Ocelot

They are still trying to historu match the model. That could be 2 months at least. Then run the model for in place and recoverable. Another 2 months.

Then negotiate the deal with trafigura based on those profiles

We'll be lucky to be out of suspension by end October

So we're now waiting for the history match on the reservoir model. You'll notice they 've been using a 23% decline curve for some time - but that fact was never communicated to shareholders as producton guidance.

Trafigura are clearly controllingthis - a tiny profit, and they still can take the keys any time whilst being paid for their loans.

The wembley stadium complex ia around 90 acres - that's TINY in oilfield terms - I've NEVER seen such a small reservoir size in any press release or report EVER

one well could drop the pressure across the whole thing in a couple of weeks.

Krzysztof Zielicki

Interim Non-Executive Chairman

When did he become non -exec? I don't remeber an announcement on that?? presumably they had to track him down to his hide-out to get eventhat signature.......................................

I suspect the problem is finding an acountant to sign off on what must be a sea of red ink

" Played the complete nutcase for a week and (against all the experts' opinions) got the Mullahs to back-down without bloodshed. "

back down from what exactly? and there are thousands kileld in Iran. they still hold the Straits and ships are allowed out because they say so - they are co-ordinating the traffic through the Starits. Trump has got zero - no regime change, no oil concessions, no say. And he's gone along way to fueling vast inflation across the whole globe - a real "genius" eh?

Its ANGS.

Always late

This is desperation - 100 acres?

Thats about twice the size of Wembley stadium. Reserves must be tiny and you can't draw much out of that before production will plummett