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Solo Oil Share Discussion Threads
Showing 31626 to 31649 of 31650 messages
|Oh well, next time I will take the profit.|
|chrisc168 we've all said that just before it falls back again
|Yeah, it's up 2%. Finally I am in profit.|
|Nothing happening here till the placee has cleared|
|bought in today...first time for along while|
|Looks like Epsilon still dumping their shares, massive overhang and drag on SP, it's going to take a long time for them to churn the billion or so shares they picked up in the placing...but they are making a small profit so I guess they're happy! I'm not!!!|
Look at the share price here on just HH, went from about 0.3p to about 1.3p. This time they'll be drilling 2 wells on Ntorya, ltp on HH as well as HH-2. The Ntorya apprisal well is much higher impact than HH for SOLO. AEX at £70m prices in some success at Ntorya already imo as that's toppy for their share in KN-1. SOLO doesn't have any success at Ntorya priced in at all, but is priced cheaply on HH and KN-1. Pressure will break here on the run into spud and TD, its only a 45-60 day drill time too. I wouldn't be surprised to see these break 1p on success at N-2 early in the new year.
|Ritson is drained and given up. 35 year experience and such a rubbish results. Time to close the shop.|
I post as StrictlySlick over on the LSE Forum. Used to have an account here but that was back in 2012. Always found this site a bit harder to use, but am willing to try again :-).
Regarding Solo, it good to see further news so quickly after yesterdays announcement I'm going to be keeping an eye on Solo for the foreseeable future. I've written a piece at
|This is going nowhere till the placee has cleared|
|Do we anticipate another dilution for costs at HH and N2? I have no idea of our current cash position and was daft enough to think NR would use loans to avoid yet more dilution last time for K increased share as we now have revenue.|
|8:28AM 18TH OCTOBER 2016Aminex, Solo Oil Expect Ntorya-2 Appraisal Well To Spud By End Of 2016
LONDON (Alliance News) – African-focused oil and gas company Aminex PLC on Tuesday said civil work at the Ntorya-2 wellsite has now completed, and the appraisal well is expected to spud late in the fourth quarter of 2016.
The process of mobilising the Caroil 2 drilling rig and related equipment has begun from the Ntorya-1 well pad to the Ntorya-2 wellsite, around 1,500 metres apart. Aminex said once the Ntorya-2 well has been spudded, drilling is expected to take between 45 and 60 days.
Both the Ntorya-1 and Ntorya-2 wells are located in the Rumava Petroleum Sharing Agreement site in south-east Tanzania. Aminex has a 75% working interest and is the operator of the well alongside fellow London-listed Solo Oil PLC with the other 25%.
In a separate statement, Solo Oil noted the progress made at the Ntorya-2 well, and said “advancing the Ntorya appraisal and its commercialisation is now a key objective for Solo”.|
As far as I know all these wells will be paid for according to their respective wi's for SOLO. Good to see the well site prepared for the rig and that they're doing extensive checks before spud. We now have a date/estimate for spud, hopefully an exciting new year for SOLOers and AEXers.
|Each time they sell they are making nearly 30% profit|
|Do we get a free ride on the new drilling?|
|Very interesting. Planning applications normally take about 13 weeks when they don't need a new EIA according to today's RNS, may not be too long before SOLO are getting some revenues in from the long term production testing at HH-1. Gonna be a very active end of the year and start to '17 at this rate with both Ntorya and HH activity. The share price may eventually start to reflect this news flow.
|Yeah your right but I think you could be in for a surprise|
Light oil is already present at N-1 aswell as condesate, so updip there is also a good chance to be a mix of light oil and condesnate similar to the discovery well (Oct '16 presentation page 11). Moreover the Likonde well which was halted due to gas influx also had residual oil. What investors will be looking out for is increased pay from the thicker sand section as that will turn a large find at N-1 into a huge company making find. Follow that up with N-3 and who knows where this will end up.
|I really don't know how anyone can criticise Neil Ritson, if it wasn't for him SOLO would be bust. I remember when we drilled last time, the partners were TULLOW, AEX and SOLO. According to TULLOW we had drilled a duster, they pulled out and gave their share of Tanzania to SOLO and AEX. Neil Ritson said, no this is not a duster we need to drill deeper so we drilled deeper and discovered gas and condensate, there were also shows of oil. Now this discovery has also helped us with our seismic testing and Neil said the results of the seismic show that around 2 km away it shows much thicker sands and believes there is a least 4 times the amount of gas than our present well. What Neil has not mentioned is oil, it wouldn't surprise me if this next drill discovers recoverable oil as well as gas. Now what will that do to the share price?|
|Another 45M churned...interested to see how the day plays out|
Yeah likely in a success case for sure. They have 75% of Ntorya but a £66m cap so some of its success already in there, £66m would be a bit toppy for KN alone. SOLO basically priced cheaply on HH let alone the other assets. On a success case I would imagine a possible 3-4+ bagger here and perhaps AEX will exceed £200m. We are talking potential TCFs of gas in Ntorya (recent presentation suggested 4Tcf potentitial on licence). Who knows in this market on a success case on N-2 and a possible N-3 we may get over-valued like SOU. SOU and PANR went to crazy caps on a good well for PANR and a modest well result for SOU. Its a funny old market at the moment for the O&G companies. A few years ago SOLO would be at 2-3 times where it is just on anticipation of drilling Ntorya.
|Anyone heard of Epsilon before - >14% of Solo held - guessing they're the new guys from the placing?
In Huxley's Brave New World the Epsilon's were pretty lowly and not given much intelligence.... have they picked their company wisely or is their name a reflection of their holding in SOLO!!!!!|
|Contact name on Rns,
Contact name:Sujatha Panicker. I think i shall.|
|"...it'll be off to the races here."
In that case will it be Grand National over at AEX?|