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SOLO Solo Oil Plc

1.85
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Solo Oil Plc LSE:SOLO London Ordinary Share GB00BF1BK408 ORD 0.20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.85 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.80 1.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.85 GBX

Solo Oil (SOLO) Latest News

Solo Oil News

Date Time Source Headline
27/4/202306:00UKREGScirocco Energy PLC Board Changes
06/4/202306:00UKREGScirocco Energy PLC EAG Investment Update

Solo Oil (SOLO) Discussions and Chat

Solo Oil (SOLO) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Solo Oil (SOLO) Top Chat Posts

Top Posts
Posted at 07/2/2024 21:40 by iceagefarmer
so solo sold their stake in helium one..oh dear
Posted at 21/10/2020 11:00 by 7767
The more positive talk on the thread the more it will attract sellers to bring the price down!!!
Posted at 20/10/2020 05:53 by burtond1
Malcy talks SOLO with Doc Holidayhttps://total-market-solutions.com/2020/10/20/malcy-talks-oil-gas-xxiii-part-2/
Posted at 16/10/2020 15:51 by dbfromgb
A lot of tweets from SOLO today which as I read them are signalling the sale of their Tanzanian assets to focus on developing their strategy in Europe. Clearly any sale can only take place once the AEX farmout is complete, and I think we could then expect an announcement. I am also expecting an announcement of a deal between AEX and WEN to develop Nyuni, which could potentially be part of a three way transaction involving SOLO. Plenty of scope for corporate activity involving these three companies with the potential well signalled by all three.
Posted at 16/10/2020 08:10 by 7767
Typical AIM share as soon as any positive moods on these threads its sold and the price drops
Posted at 14/10/2020 10:40 by stonefold
GP (Jersey) Limited is a private company with a low profile, that has been in business for 30 years.
It has previously invested in Union Jack Oil gradually building a stake up to 15% over 2 years, which it sold for more than 100% profit.
The share price of UJO today is still 60% higher than the average price GP bought its shares for.

GP might on 20-10-2020 have 61,573,978 shares in SOLO with an average price below 1.06p

They are happy to slowly buy in the market to increase their stake.

They see strong potential for an increase in value.

Expect to see a few holdings RNSs
Posted at 12/10/2020 16:06 by rosco230667
Wow you are a brave man shorting everything SAR NCYTSNGSoLoAnd many more you must be very rich
Posted at 12/10/2020 14:04 by stonefold
AEX have got gov permission to proceed with a large gas project (drill, seismic, tie in 2 exsiting wells, pipeline to existing gas processing plant which is connected to national grid pipeline.

Solo own 25% of the Ruvuma PSA licence (but the mcap / book value of the project to Solo has been keep very low because the Tanz gov have been very slow years to give the final approval)

Re-rate in progress for AEX and SOLO
Posted at 31/8/2020 19:59 by thordon
Great Except the Helium project for Solo needs a massive investment to get started
Posted at 24/7/2018 14:52 by stonefold
Estimated profit example for investing £100 in each of the seven Horse Hill companies.

HH = Horse Hill = PEDL 137 and PEDL 246

This calculation uses figures and assumptions which may be incorrect.

It ignores:
Share price spread.
Brokers costs
Exchange rate cost
Tax
Any ordinary shares that these companies hold in each other.
Inter-company loans.
Debts and liabilities for Horse Hill or other projects the companies are involved in.
Fund raising that may occur.
The total number of shares in issue may change due to options, warrants or placings.
Some or all of the HHDL partners may sell early for a lower price.
The other projects/assets of the companies may change in value.
100% of an assets value is not reflected in the share price.
That TELL’s costs to the operator HHDL are carried by all the other partners in HHDL until production starts. Once production starts then TELL’s carry cost debt is gradually repaid to all the HHDL partners from TELL’s share of the production revenue.

Also the new valuation figure for Horse Hill I have plucked out of thin air, is based on assumptions:
That the EWT will be successful.
That the field moves quickly into production.
That the estimated recoverable reserves are as I expect.
That the £ $ exchange rate and price of oil does not change.

£ $ 1.3123
£ Aus$ 1.77154

Oil $71.03 bbl

1.
Ticker == Shares issued == Current share price pence

DOR == 50,420,109 == 9.596
SOLO == 471,953,594 == 2.495
ALBA == 2,848,614,934 == 0.595
PRIM == 2,796,619,343 == 0.167
GUN == 4,882,924,490 == 0.045
UKOG == 5,207,240,526 == 2.17
TELL == 240,520,000 == 594.376

2.
Ticker == % of Horse Hill that each company owns

DOR == 6.5
SOLO == 9.75
ALBA == 11.765
PRIM == 3.25
GUN == 1.3
UKOG == 32.435
TELL == 35.0

3.
100% of Horse Hill was last valued at £30,769,230 when SOLO bought 5% of HHDL for £1 million.

Ticker == Last value of Horse Hill that each company owns £.

DOR == 1,999,999.95
SOLO == 2,999,999.93
ALBA == 3,619,999.91
PRIM == 999,999,98
GUN == 399,999.99
UKOG == 9,979,999.75
TELL == 10,769,230.50

4.
For each company the mcap. is made up in part by the last HH value and by the other value of projects/assets that company holds.

Ticker == mcap £ == Other value £.

DOR == 4,838,313 == 2,838,313.71
SOLO == 11,775,251 == 8,775,251.23
ALBA == 16,949,258 == 13,329,258.95
PRIM == 4,670,354 == 3,670,354.33
GUN == 2,197,316 == 1,797,316.03
UKOG == 112,997,119 == 103,017,119.66
TELL == 1,429,593,155 == 1,418,823,924.70

5.
If you now buy £100 worth of shares in each of the seven HH companies, that £100 would consist of:

Ticker == last HH value £ == Other value £

DOR == 41.34 == 58.66
SOLO == 25.48 == 74.52
ALBA == 21.36 == 78.64
PRIM == 21.41 == 78.59
GUN == 18.20 == 81.80
UKOG == 8.83 == 91.17
TELL == 0.75 == 99.25

6.
For the sake of this calculation the other value remains unchanged.
Following a successful EWT, confirmation of commerciality and recoverable reserves, and Near to the start of production the new value of HH by my estimate would be £100 million.
This would give an increase figure for the value of the HH part of the £100 invested. From which a profit figure can be produced.

Ticker == new HH value £ == Other value £ == New Total £ == Profit £

DOR == 134.34 == 58.66 == 193.01 == 93.01
SOLO == 82.80 == 74.52 == 157.32 == 57.32
ALBA == 69.41 == 78.64 == 148.06 == 48.06
PRIM == 69.59 == 78.59 == 148.18 == 48.18
GUN == 59.16 == 81.80 == 140.96 == 40.96
UKOG == 28.70 == 91.17 == 119.87 == 19.87
TELL == 2.45 == 99.25 == 101.69 == 1.69

7.
This gives the implied new mcap. and new share price

Ticker == mcap. £ == New Share Price pence

DOR == 9,338,313.71 == 18.521
SOLO == 18,525,251.23 == 3.925
ALBA == 25,094,258.95 == 0.881
PRIM == 6,920,354.33 == 0.247
GUN == 3,097,316.03 == 0.063
UKOG == 135,452,119.66 == 2.601
TELL == 1,453,823,924.70 == 604.450

Only for entertainment - DYOR

[Edited to correct wrong figures: ]
(section 4 -other values £)
(section 7 -new mcap £)
(section 7 -new share price pence)

Also
Estimated recovery factor 30%
Which gives Estimated recoverable reserves 3,900,000 bbl. oil
Solo Oil share price data is direct from the London Stock Exchange

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