Solo Oil Share Discussion Threads

[millse] 16/2/2017 10:16

It is a good sign when shares trade above the placing price, however normally history proves that most of the time the share price will drop to the placing price fairly soon afterwards, time will tell.

[c31161] 16/2/2017 10:12

All those who thought they had missed the boat must be over the moon

[dhelect] 16/2/2017 10:10

Just as a matter of interest NR holds 38,500,000 shares when they recently reached 0.66 they were worth £254,100 they are now worth £209,825 so he's lost approx £45,000

[temmujin] 16/2/2017 10:09

just bought iofina IFO...looks a bargain!

[temmujin] 16/2/2017 10:08

impressive volume suggests this wont hang about sub 0.6p for much longer...added

[edgein] 16/2/2017 10:04

Millse,

Karma, old chap, karma. Prey that Badile doesn't cause Armageddon on that bubble. You'll find that I'll be here for some time to come as there is a lot of work to do on Ntorya. No need to ramp here, we're still grossly oversold and have significant assets to develop.

Regards,
Ed.

[millse] 16/2/2017 09:56

Ed, just look at the long term share price graph, all of solo promises in the past came to nowt.
Like I say what shares I left on the table were quickly devalued to the point I stopped following them.

HH promised alot a while back but didn't do much for the sp, it even made national news, UKOG benefitted but solo didn't.

I know your just a ramper who's been caught with his pants down today, same with the clown Datatit who was topping up yesterday, well he surely put the mockers on solo today.

I do hope that they prove the find as it will be reflected eventually in the share price

[vinceelliott] 16/2/2017 09:56

Volume traded this morning exceeds last two days trading.
Share trading now slowed down since 0900
Share price down approx. 7.5% from yesterday
Figures below from spreadsheet show that based on
1 yesterdays closing price
2 injection of £2M in new funding
3 additional 400,000,000 new shares

the new price should be 0.5946p approx.

So the 7.5% drop
negativity of share dilution
negativity of 20% discount for new shares
positivity of reason for funding (look at effect on AEX)
rampers derampers
AIM
shorting by new shareholders of the additional 400,000,000 new shares

overreaction ?




SHARES IN CIRCULATION
New Total Latest Increment Previous Total
7,387,691,682 400,000,000 6,987,691,682


Closing price 15/02/17 0.6
Company Value 41,926,150

16/02/17
New Value Added 2,000,000
New Company Value 43,926,150

Value per share
0.5945855889

[edgein] 16/2/2017 09:55

C31161,

Oh I'm just highlighting that those making the most noise of how bad this little placing is for SOLO don't even hold the stock. It says it all though as its been relentless buying at 0.55p. Like PREM recently it looks as if this placing stock won't last very long as you point out. Imo the placee is forward selling.

Regards,
Ed.

[c31161] 16/2/2017 09:50

EdgeinDon't know why you bother wasting your breath with none holders, solo had to place or had no money to continue NR hasn't just planned this yesterday. The people who are p@ssed off are the ones who were waiting to sell. Today already almost 200m buys nearly half the placement in under 2 hours. And yes I know the shares are not in the market till 23rd Feb, but we might be a surprised when we find out who the placee is.

[edgein] 16/2/2017 09:42

Millste,

My numbers on SOU are spot on. Interesting though that SOLO are now a trading share even though you've held some of them for years "allegedly". Get your story straight before you post or folks here will "start" to think you're like Ross and LH, not actually holders of SOLO and posting out of "good will". :) I'll tell you if SOLO is a good investment when I sell my position here from 0.22, 0.23 and 0.27p. Until then there's progress to be made at Ntorya, HH and Arreton.

Regards,
Ed.

[edgein] 16/2/2017 09:31

GD,

Absolutely, the 45-60 day estimated cost of NT-2 was $2.5m net to SOLO. :)

Regards,
Ed.

[greatfull dead] 16/2/2017 09:29

From the AEX bb and IMHO a very good post. By the way I hold some AEX

"haggismchaggis


16 Feb '17 - 07:21 - 60182 of 60222    0   0
£2m seems rather a lot for 25% of the well testing programme?

"and the analysis of future development options for the Ntorya discovery,"

Does that bit mean they are pricing in some 3D seismic over Ntorya, N2 and/or N3, maybe The Likonde overlap of Ntorya? That would certainly explain the need for more money than just the well testing costs"

Work it our for yourselves. Do more research I say!

GLA,
GD

[edgein] 16/2/2017 09:29

Mill,

Eh, hardly a ramp, look at the results, you may decide to become a shareholder. AEX and SOLO recently drilled the best well in the history of both of these companies. You'll then know the reason its risen recently and the significant upside that remains if they are successful in testing this well and developing the next. This i'm afraid isn't a pump and dump stock.

The share price today has went to match the placing price, this is common place after a placing in any stock. Its interesting as a "holder" why you think the upside has been removed. Lets see what happens after NT-2 and possibly after NT-3. You'll still be a "holder" then too no doubt. :) 4 discoveries, tiny cap actual holders will be more interested in the result than in a small 5.7% placing.

Regards,
Ed.

[c31161] 16/2/2017 09:26

160m buys share price not moving

[edgein] 16/2/2017 09:12

Mill,

Will obviously you are quite careless about your holdings then and don't do much research regarding the sector let alone your own holdings. You had no idea how the jvp were to develop Ntorya. Surely you would have seen your SOLO holding rising from 0.2ish to 0.68p and posted well before now?

Its perfectly justified to compare one oil and gas stock to another. SOU are quite similar that they also have a large gas discovery and a similar working interest in that. Lesser reservoir quality at SOU and higher development costs due to their well design, NT won't need horizontal production wells. Perfectly legitimate to compare oil companies, I've done it for years, its the best way to see if you're buying an under priced or over priced investment.

I know I used the comparison to SOU first, that's why you feel the need to post in defence of your holding. SOLO imo is going to head in that same direction with the testing and potential development of NT-1 and NT-2. If it becomes that inflated it remains to be seen, but it shows what the current O&G sector is capable of when hype and hope takes off.

Regards,
Ed.

[millse] 16/2/2017 09:02

Ed, I do hold solo, have done for years

It was you who brought sou into the debate prior to me even posting, it was you doing comparisons.

I'm not completely clueless about solo, I knew about HH but admit not being up to date with recent news, the share price rises recently tweaked my radar.

The placing could have been done after the next lot of news due, and if it's as good as they expect then the share price would reflect it therefore less dilution.

Datatit, I've come across you before your just a blatant rampers who will say/do anything to make a few quid, anything you say it taken with a pinch of salt.

[edgein] 16/2/2017 08:58

TheLung,

Just highlighting what these folks are like though, if it isn't blatantly obviously already! :) However no matter how much they post it won't impact on the results from this well. Imo today's fund raising ahead of NT-3 is very positive for the outcome of NT-2, don't need to raise funds if testing wasn't warranted nor NT-3 required. Bring on the results before end of Feb. Others are just showing fear over their other holdings as they know that the cap of the other company in Morocco/Italy is far too high and at significant risk from a 1 in 5 expo well. While us at SOLO await the results of potentially the best gas well on AIM in years, on what is an absolutely huge sloping fan system. ADVFN is full of nutters and party poopers these days.

Regards,
Ed.

[thelung] 16/2/2017 08:50

It falls on deaf ears Ed. Next they'll be saying the raise isn't anything to do with NT3 because it doesn't say that in the RNS

[edgein] 16/2/2017 08:46

Mill,

Just pointing out that you're not a holder here and are a little irked by my referencing SOU, now capped close to £700m (production of around 100boepd and reserves around 4Bcf)! Tis why you post on a stock that you don't hold. Your post here recently suggested that you were clueless about SOLO.

Why don't you wait until they release the flow rates of NT-2 like SOLO holders are prepared to do? Then you can start to work out if a £37m cap has any upside (KN-1, HH, Arreton and most of all Ntorya)! However since you think SOU is cheap I don't hold much hope for you. :)

Again I'll repeat for a forth time. NT-3 is to be drilled back to back of NT-2 flow rates. This will cost $2.5m for SOLO's share of drilling costs. They raised £2m today. SOLO's wells aren't horizontal nor mechanically stimulated as the reservoir quality and pressure is high with these wells, they don't need that to get significant flow rates (see NT-1 results).

Regards,
Ed.

[c31161] 16/2/2017 08:46

This dilution has happened because we didn't have the funds to flow test or continue the appraisal, he had to raise the money now, no one really knows what the flow test will be or they would bother doing them. This dilution will have been planned weeks ago.