Solo Oil Share Discussion Threads

[1bonanza] 18/8/2016 07:22

No mention of taking up the further interest in this by NR.

[northwestwirral] 18/8/2016 07:13

RNS

Kiliwani North First Payments Received

At a production rate of 25 million cubic feet per day and Solo's current interest these payments equate to approximately US$150,000 per month.

[doerx2] 15/8/2016 10:57

Disgusting management. Clueless and should be sacked.

[doerx2] 12/8/2016 13:24

Monies coming by sea snail i see. FOS this lot

[edgar222] 12/8/2016 13:04

Ross

I don't disagree but dilution is the name of the game in tiddler oil and gas. I prefer that to debt.

And its what they do with the dilution that's important. Massive Oman corporation into Aminex as its vehicle, very large gas sought in forthcoming drilling, some of which is appraisal not wildcat exploration, and an income of up to $15m pa when KN1 comes onstream.

I know nothing about Alba and very little about HH so cant compare. My only point is that Aminex in Tanzania is looking very exciting, and btw Solo's acreage there is too if they can afford their share

[doerx2] 11/8/2016 11:49

While pi's get shafted, they all get paid. Performance related salaries should be the norm IMO.

[doerx2] 11/8/2016 11:46

Obviously Nr doesn't give a toss about sh's and monies coming in are not a price sensitive issue ffs. These people are unbelievably arrogant and need a shove.

[edgar222] 11/8/2016 11:33

It is possible to observe that company X have good management without that being any reflection on Company Y's management.

FWIW I did not mean by saying that that I do not rate Solo's management. I do.

It is their business model I do not like. Investor, not operator, never in control.

The following is not a comment on Solo at all. The Aminex management have handled the downturn, cash and debt issues, licence requirements and Tanzanian relationships extremely well. Others would say there has been massive delay and that is true but IMHO given the market downturn, POO and it being Africa with inherent delay I think they have done well. More importantly than all that, when Jay B says something is going to happen it does (so far). Which is why I am relaxed about the forthcoming gas sales level and production starting seamlessly from commissioning.

Of course Aminex are not in HH. So you will miss out on that play if you switch. But it is noteworthy that Solo's position is that Tanzania is where the potential is.

[edgar222] 11/8/2016 10:52

.....but I would be quick.If they announce 5000 boepd sales you wont get these prices again.Due any day. Thats if you believe Tz wants the gas now.

[edgar222] 11/8/2016 10:50

RossI am in Aminex and never held Solo.I think you are too hard on NR, here and in LGO.And without wanting to diss Aminex' loyal partner (Solo) they are a better investment. Omani Corporate royalty using them as a vehicle for East Africa. Debt about to be sorted. Exciting drill programme. Good management.

[1bonanza] 11/8/2016 10:33

It's not just about Tanzania now though, HH is bubbling away in the background, with this at least there are both opportunities but yes, I wish I had bailed out long ago.

[c31161] 11/8/2016 08:15

Solo are just an investor Aex are the operator they are the ones who need to ensure payment solo have no power

[whoppy] 10/8/2016 09:02

Me too. I was really hoping Ritson would have gone and someone like Humpty Dumpty put in his place. Couldn't do much worse.

[simon8] 10/8/2016 07:44

My heart jumped when I saw the title of the RNS...the hope that Ritson had been sacked / resigned flashed through my mind.... alas no, still stuck with him, a bit of musical chairs and undoubtedly more salaries to pay out to a bunch of useless non achievers.....

[football] 09/8/2016 10:18

That cheque is already being cashed in down at cash converters and NR is partying it up on some Caribbean island big time with it

[doerx2] 09/8/2016 10:13

The cheque must be that heavy it's to big to process :)

[c31161] 04/8/2016 19:41

If the cheque is there i think it could have a big affect on the share price remember it's the first time we have ever had income