Post by
KidKorsakoff on May 04, 2015 7:37pm
Mira Update: Marginal Field Extension Likely....
A good article that shows that the DPR will most likely extend the license for participants that have invested in their properties. Mira has spent approximately $35MM and has advance the asset so it has a strong case for extension. Key here will be for Mira management to communicate with the DPR the value they have delivered: https://africaoilgasreport.com/2015/04/farm-in-farm-out/dpr-not-in-a-hurry-to-revoke-marginals-licences/
Comment by
MRB403 on May 04, 2015 10:59pm
It even references Mira, broke and no asset. Lol. Good luck dude.
Comment by
notthor2014 on May 05, 2015 12:36pm
KK Mira's last Sedar (April 30th) post states they have abandoned all activities in Nigeria as of Dec31st 2014 if they have abandoned the project and Nigeria how will they get back the asset? it goes on to say they have not accured any funds for the outstanding liabilities they owe the partners and others- With their Nigerian chairman gone Jonathan must be then spending time in Nigeria?