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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.425p 0.00p 0.00p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.7 -0.3 - 15

Solo Oil Share Discussion Threads

Showing 39701 to 39724 of 39725 messages
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DateSubjectAuthorDiscuss
21/10/2019
08:54
Cpap, KAV are highly risky as punters found out recently and as they're a very early very risky explorer they've nothing to do with SOLO as KAV are in a different sector. SOLO is currently setting itself up to become a mid-cap gas producer. Regards, Ed.
edgein
20/10/2019
10:55
Another SOLO related Africa = By all accounts Mikes Moles is now at the drill site on the northern part of the KSZ with Hillary Gumbo and the whole local LSE:KAV team. A live from drill site interview with Mike Moles is planned for early next week. Very exciting times!
cpap man
19/10/2019
22:37
I'll be taking up mine. The strategy is mapped out nice and clear. More production deals in the pipeline already ;-) FYB
pol123
18/10/2019
10:05
Hi EdgienMany thanks for your reply, as you say a lot depends on personal circumstances so I will wait and see what the actual offer is ,once again many thanksPaul G
paulhgreen
18/10/2019
08:51
Yes its in the recent RNS they plan to come back as Scirocco Energy. With the new production and asset and focus on European gas production its really a new company. Regards, Ed.
edgein
17/10/2019
21:37
Will there be a name change when it opens for trade ? Scirocco or solo
onehanson
17/10/2019
08:40
Paul, Well that will depend on personal circumstances for each holder, some may not be able to afford to take up more in the open offer. Also SOLO has had a mixed history and a long wait for progress in Tanz that may also put some off. They're looking to get around 30m Euro so 18m from loan suggests circa 12m from cash/open offer. It depends on the price of those and how close it is to the current share price. Will it be circa 400m shares at 2.5p, or will it be closer to 200m shares at 5p? That would also influence some decision making. Personally I did rather well on these on the build up to N-2 drilling and testing. I have an average circa the current share price, probably about 2.2p and plan to take up a few in the oo. But I'm not sure everyone else will though, depends on personal circumstances. I'd expect the oo to be fully underwritten so it shouldn't matter anyway. Regards, Ed.
edgein
16/10/2019
19:01
Who is going to take up the open offer, I really don't know what to do as I am already loosing many thousands and I feel I might be throwing more in to the directors pockets your thoughts and opinions would be appreciated as i,m not really sure what to do. Yes I know (DYOR) not asking for advise. Paul G
paulhgreen
14/10/2019
11:13
https://total-market-solutions.com/2019/10/14/malcy-talks-oil-gas-xv/So, @DDS_DocHoliday caught up with @mgrahamwood who recently returned from his trip to Kurdistan to discuss their thoughts and views in the Oil and Gas sector..Companies Covered: #JOG #UJO #RBD #GENL #GKP #CORO #HNR #ZOE #CORO #HUR #EME #SOLO #NUOG #ECO
burtond1
14/10/2019
11:12
A bit of positivity perhaps. https://www.youtube.com/watch?v=FZTlMhMw6L4
vinceelliott
14/10/2019
09:06
This guy Malcolm wood reckons the share will reopen at about 10 pWatch his comments in the linkLet's hope he's righthttps://youtu.be/-tGsTxJRaMA
c31161
14/10/2019
08:40
They said in the recent RNS they expect to be back in action again around the middle of this Q. So all should be done around mid to late November. Regards, Ed.
edgein
14/10/2019
08:33
Any idea when solo will be open for trading again ?
onehanson
14/10/2019
07:47
Vince, The effective date of the transaction was 1st of Jan 2019. Lots of free cash generated which SOLO can get its hands on once the deal completes. SQZ's Erskine for example had effectively paid for itself from the effective date to the completion date of the asset. Opt, Yes they recently mentioned being in detailed discussion on 3 deals recently. The Dyas deal may not be the only one that completes. Regards, Ed.
edgein
12/10/2019
21:34
I think deal 2 is already in the pipeline ;-)
optastic
12/10/2019
09:52
Very happy with the latest develpoments at SOLO. A good deal and atlast a bod with real intent. The upgraded 20000 boepd target is mouth watering! We'd better keep some cash aside for the open offer. Any guesses on the terms? Looking at the amount they want to raise it could be a 2 for 1 offer, so i'll need a fair few quid. I fully intend on going with this one. GLA.
canigou2
11/10/2019
23:02
Looks like a possible bull run. Deal, production around 2100 boped, earnings €20 million nett , Ruvuma licence, Helium-1 IPO, New company, 20,000 boepd target. Take a look at UKOG cap, bopd and compare.
cperkin
10/10/2019
19:50
Expect we will be up 100% min on re listing. I for one will take my full allocation. So much more to come from Sirocco, 3-5 Yrs we will 10+ bag if they deliver.
optastic
10/10/2019
18:59
Is the share price going up or down? is the only question I need to know.
doerx2
10/10/2019
09:37
"Three core areas with 14 gas fields, producing c.99% gas / 1% condensate." Sounds like interests in 3 core blocks and Dyas has a large variety of assets in this area. Perhaps like SQZ they'll eventually take some more of their mature assets: https://onedyas.com/assets/ Regards, Ed.
edgein
10/10/2019
09:13
Since you like comparisons here's another one for you, its right back to June 2014 and Serica's acquisition of Erskine for circa $20m: Highlights -- The transaction provides Serica with an immediate and long term cash flow stream. Net production for the year 2014 accruing to the interest acquired is estimated to be 1,234 boepd after providing for periods of shutdown to meet planned maintenance programmes. Provision for decommissioning at the end of field life has been provided for on the basis that Serica's estimate of decommissioning costs relating to the asset acquired will be met by BP, on an inflation adjusted basis, with Serica being responsible for any costs above this level. -- The transaction increases Serica's proven and probable reserves from an estimated 5.2mmboe to an estimated 8.8mmboe (Company estimates) and increases proven and probable reserves per share by 53% (after adjusting for the maximum number of new Ordinary shares to be issued as part of the consideration). So similar 2P (3.6mmboe) with about 30% less production. Erskine transformed SQZ and subsequently allowed them to fund the acquisition of three more fields from BP. It was the first transaction that kicked it off. They still don't have anything as large as Ntorya but certainly haven't done too badly since. Regards, Ed.
edgein
10/10/2019
08:50
Crucially what this production and ongoing development does for SOLO is that it allows them to develop their 25% interest in Ntorya when they get the development licence from the Tanz gov. As pointed out on here recently the Tanz authorities gave the go ahead for several gas/coal power projects and rejected pure coal driven projects for the domestic market. So gas within that energy deficient country is going to be high demand and Ntorya is sitting there ready to be advanced. So it what this 1750boepd does to SOLO makes it the transformational deal that it is. Regards, Ed.
edgein
10/10/2019
08:44
Its a little bit more than that though isn't it: Solo's pro-forma net 2P reserves at 1 January 2019 are expected to increase by 3.6mmboe Associated net 2P NPV10 of c.EUR40 million (pre-tax) Net average production in H1 2019 from the ONE-Dyas Assets was approximately 1,750boepd expected to increase to approximately 2,125boepd in 2020 Significant development upside within each core area Incremental 2C resources of 7.5mmboe at 1 January 2019 Associated net 2P + 2C NPV10 of c.EUR99 million (pre-tax) Near field resources and proximity to existing infrastructure Well defined work programme to convert 2C to producing 2P reserves Potential for production increase to over 3,300boepd by 2022. Moreover an effective date of 1st Jan 2019, so SOLO has been a producer from then. Market didn't believe that Ntorya would get developed so they discounted the 2C 700Bcf approx that SOLO has there. The above 2P is entirely PDP reserves with a clear and funded plan to add 7.5mmboe to current infrastructure. The above level of production would put them on similar levels to that of Regal Petroleum and I'd rather have Dutch North Sea assets. These assets completely transform this non-producer, short term, medium term and long term. Moreover since the effective date the asset has generated around $15m assuming it dry gas an a low rate of $5/Mcf. That's pretty material to a �12m company. Especially as they plan to double that within two years and there's likely to be around 10-20% of that as condensate too but we'll know more in the AD to come. Regards, Ed.
edgein
09/10/2019
17:18
So they've paid $35m for 3.6mmboe 2P or $9.72 per barrel. Rockrose, has a market cap of $282m and 63m 2P reserves = $4.48. So it must be really special Dutch gas that we're getting here?
frugaltree3
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