Solo Oil Share Discussion Threads

[barony] 04/10/2016 08:37

Thanks Ed. I just get antsy when there is a lack of communication from the company.

[simon8] 04/10/2016 08:37

Well, flying south...as I sadly predicted, the placing price or below will be met before long...it always happens, you issue over a billion of new shares at a massive discount and diluting current holders by 20% then where was it ever going to head......

Ritson, return your salary please, you have not earned it.

The only possible redeemer is the upcoming drill which at least the useless Ritson cannot mess up as he is not operating it, even then if good news I fear most of us who have been screwed over here won't be seeing a profit but only a reduction in losses.

Sick of this.

[edgein] 04/10/2016 08:31

Barony,

The tanzanians have been paying for gas produced within its country for years without issue (Songo Songo). There is no comparison between Tanz and a dispute between Kurdistan and the central Iraqi government over who pays cost oil. Its only a matter of time before more speculators move in here and clear any overhang as the multibag potential of Ntorya is clear for all to see.

Regards,
Ed.

[barony] 03/10/2016 09:01

Why do we need to appoint a second broker? Plus, are the Tanzanians continuing to pay us for the gas? Latter very important if we are to have any future - look at gkp where the Kurds don't pay their debts.

[cinques] 30/9/2016 15:31

Plus quite a few 10's of millions just from peeps buying at 0.2385p to 0.2390p

[simon8] 30/9/2016 12:29

Yep, looks like our newbee is churning that 1.1bln at a modest profit to his 0.18p.... that's over a 100M shares gone in two trades......

[flyingbull] 30/9/2016 12:13

The monthly oil stock challenge is still on! A test for your oil stock picking ability. Deadline for entries is this Sunday 2 October 2016.

[warwickdwarner] 30/9/2016 11:52

52 mil wasnt me

[simon8] 28/9/2016 08:18

At a guess a sell, price 0.23...pretty much on the bid, but if it is the newbee he's made a nice profit on the 0.18 it cost him.....hope that isn't the start of 1.1bln being dripped out and a massive overhang being created........

[warwickdwarner] 27/9/2016 17:41

66 mil buy or sell

[simon8] 26/9/2016 15:08

Cinques - I am hoping the buyer holds on to them, given the 1.1Bln represents 20% of the company (dilution) if they were flipped we would from an share price perspective be annihilated and the co that took the placing would be lucky to cover their 0.18p cost!

Let's hope they're in for the long run......no churn please, we hopefully have good news from the impending drill.

[edgein] 26/9/2016 08:53

Kwizza,

Interesting interview, I had forgotten that they had only tested a 3.5m section of N-1 to give the 20mmcfd test rate. Very encouraging that the updip appraisal location has an anticipated much thicker sand interval. Edge of seat type stuff given what the discovery/exploration well flowed. Well design is likely to be more of a developmental type rather than discovery design, now that they know the depth of the target that they're looking to develop. They'll know the number of casing points and what the likely pressure will be from N-1 results.

Regards,
Ed.

[cinques] 23/9/2016 17:02

It would appear that the placee has plans other than wholesale flipping.

[c31161] 23/9/2016 16:11

Considering an extra 1.1 billion shares hit the market today, this is doing remarkably well

[barony] 23/9/2016 14:25

Should also say that company communication is poor - one example is that I have had no reply to my polite email after one week.

[c31161] 23/9/2016 13:42

Listen to the podcast

[barony] 23/9/2016 13:36

Maybe we are cheap because we keep diluting and will need to do more diluting to pay for the next drill. Cash is cheap to borrow, but NR just dilutes - even though we should now have an income to make debt repayments..

[kwizza] 23/9/2016 11:49

Solo Oil plc - Drilling rig contract signed

[edgein] 23/9/2016 09:21

I thought there would be more of a buzz around SOLO after the recent run of news from the company. Not only have they just put to bed the YA golbal death spiral equity funding but are now also funded for the appraisal drilling of the massive potential at Ntorya, starting in the near term. The company is already cheap based on HH and KN assets let alone the TCF's potential. SOLO far more justifies that cap than SOU, just look and compare the test results for Ntorya-1 to SOU's recent test results in Morocco. £16m cap here compared to around £500m cap there, completely nuts.

Regards,
Ed.

[oldvic] 23/9/2016 08:32

we live in hope of

doin a Sound !

[c31161] 23/9/2016 08:02

Rwauu listen to the pod cast

[1bonanza] 23/9/2016 07:42

I'm as disappointed as others on our dilution however I still think this has legs. Lots to play for. GLA

[c31161] 22/9/2016 17:44

The appraisal drill is like the questions after the £32k question you can increases by multiples but if they get it wrong you still have the original £32k