Solo Oil Share Discussion Threads

[edgein] 22/3/2017 11:49

Bonanza,

Hardly likely, a short term test of NT-2 won't have used up very much of that placing. We're still getting an income stream off KN-1. They'll not need cash in the immediate future, not likely before the upgrade to resources at Ntorya. HH at 6.5% won't cost much to fund, NT-3 is likely to need cash or possibly 3D seismic, but that's not imminent either both likely months after resource upgrade. It'll take some time to plan seismic.

Regards,
Ed.

[football] 22/3/2017 11:35

Do we still have that big pot of cash/loan facility which NR doesn't seem to want to touch but keeps on doing placings instead?

[1bonanza] 22/3/2017 11:28

Ok, so we have diluted further and also spent cash, that means there are Zero funds in the kitty after last placing for NT2. What's this running on now ? And how are we funding N3, HH etc etc ???

[m0rrisminor] 22/3/2017 11:12

Why do some characters to many name to mention on this. Bb come to the conclusion that , to acquire a position in company that sources helium is detrimental to solo oil. We are a investment company has NR as said on many occasions. We have already a producing asset in Tanzania N2 will be sold soon. You should at least look on the solo

Website for your research before investing . I have been in solo since 2010 and now I

Can see that the company is coming good so when my share price is met I will move on Gla lth.

[warrenfingerfood] 22/3/2017 11:02

Ed been here years too, I changed the name when I cancelled by sub here and changed over to using sharePad. Which I recommend highly.

Any rns with the word or hint of a placing in sends an share price red unless it's at a premium. I'm surprised this resisted for so long, easy to sell at the bell. You got to protect your capital on Aim even if the round trip ends up being a loss of some profit.

[edgein] 22/3/2017 10:54

Dexter,

5p is quite a bit in the distance, but you could potentially double your money or perhaps more on the upcoming resource or gas in place estimates once the jvp conclude their tech analysis of the well results and drilling info. 5p will require either selling Ntorya after drilling NT-3 or selling 20% of the H1 assets a year or two down the line once they've booked a large lump of that helium into reserves. the company did exceed expectations on Ntorya and that's likely to be reflected in the upcoming release.

Regards,
Ed.

[1bonanza] 22/3/2017 10:51

Down to placing price and possibly lower.

[edgein] 22/3/2017 10:50

Warren,

I have no idea who you are, I've never come across you in the 13 odd years I've been a member here. The winnitfroth mob always like to make a big thing out of a small placing though and ADVFN is infiltrated with minions. ;)

Regards,
Ed.

[csmwssk12hu] 22/3/2017 10:50

PEL moving again QS

[datait] 22/3/2017 10:21

Yes Rayrac we have it in all corners looking very good as each post exciting news on results wooooooooosh 5p plus not in the distant future.

[rayrac] 22/3/2017 10:13

It's in the right places/positions. Gas/helium Tansania. Oil, the Weald UK.

I like it.😍😜;🆒👍🏽🤑
28165;👏997;

[datait] 22/3/2017 10:08

market makers happy to snap up your stock only to move it up later. Hope you the sellers made a profit and not unhappy at missing out on the big one.

[warrenfingerfood] 22/3/2017 09:42

Ed am I to be regarded as a Winnifroth now?
I think most of that mob is in peoples imagination, but so be it. :-)
I can't think TW is responsible for a fraction of what disgruntled pi's claim.

[trulyscrumptious] 22/3/2017 09:39

The market needs to be educated a little bit more about Helium.

[datait] 22/3/2017 09:38

Fotball not at all I was out 7:30 this morning not long back, always best to take yourself away from a given situation so that you don't make any errors hahahahaha

No matter what the news you can never tell which way the market will go.

[datait] 22/3/2017 09:32

Dont forget the markets are down over all.

[datait] 22/3/2017 09:31

Notice that we move up as soon as the buys start to come in, mm's dont want to give much away. That speaks volumes.

[datait] 22/3/2017 09:29

market makers will rob you only to go blue later.

Watch this space.

IN DATAIT WE TRUST.

[edgein] 22/3/2017 09:26

Football,

Thanks for posting that sums it up nicely. Massive upside, early stage project, its a good fit in with Ntorya and HH.

Regards,
Ed.

[datait] 22/3/2017 09:25

We are now a BUY recommendation love it.

[datait] 22/3/2017 09:22

I told you this is good news bring it on the markets love it.

[football] 22/3/2017 09:21

Solo Oil (LON:SOLO, 0.60p) – Speculative Buy

Solo has announced it is investing in private company Helium One, a helium project developer focused on the Rukwa project in Tanzania. Helium One also has several other helium projects in the area where gas seeps with very high helium concentrations have been recorded. Rukwa itself has unrisked prospective resources of 99 bcf, and considering helium sells for approximately $145/mcf, Rukwa has potential to be a very high value project. Also important is the favourable supply demand dynamics in the helium market. Demand grows at circa 3% per annum while the price has doubled over 10 years and the US strategic reserve, an important supplier of helium, plans to cease supplying the market from 2021. Solo investment consists of £1.2 million in cash and £1.35 million in shares for 10% with a 90 day option to buy a further 10% for £4m, half cash, half shares.

Our view: The helium market is a $6 billion market and growing steadily. Although we are unfamiliar with the helium market (main suppliers, consumers and global project pipeline) the fact that Rukwa looks to have very high concentrations of helium which is rare, suggest it could have significant advantages over helium gathered as a bi-product in hydrocarbon production. The improving supply demand dynamics and very high value of helium versus natural gas are also obvious attractions. Helium One's 2017 work programme will prepare the ground for drilling in 2018. Meanwhile we look forward to learning more about what appears to be a very exciting investment. We have a Speculative Buy recommendation on Solo.

Beaufort Securities acts as corporate broker to Solo Oil PLC

[football] 22/3/2017 09:20

22 Mar 17 Beaufort Securities Speculative Buy 0.59 - - Reiterates

[football] 22/3/2017 09:17

ASolo Oil makes 'attractive strategic investment' with Helium acquisition




NR talks about today's

Published on 22 Mar 2017
Tanzania-focused gas investment firm Solo Oil PLC (LON:SOLO) has announced its move into helium with a deal worth up to £6.55mln.

Solo's chairman Neil Ritson tells Proactive they're spending £2.55mln for a 10% stake in Helium One in a cash and shares transaction and has the option to double its holding for an extra £4mln.