Solo Oil Share Discussion Threads

[scyther] 23/11/2016 16:24

Eyes open for a late delayed trade that indicate how much they have shifted

[edgein] 23/11/2016 16:23

Good article, 0.8p looks reasonable at the moment for these three projects ongoing with much more to come fingers crossed. Mr Ritson did say that the unrisked NAV currently for our stake in Ntorya is £30m which is around 0.5p per share before drilling. Then add on KN-1 and HH and Shore's current price target looks reasonable. Hopefully they'll give that an upgrade around Jan/Feb. :)

Regards,
Ed.

[will02p] 23/11/2016 15:39

Well spotted....

[tromso1] 23/11/2016 15:12

Proactive Investors today

"Imminent drilling in Tanzania gives Solo Oil considerable upside potential"

[edgein] 23/11/2016 09:38

SOLO is still the cheaper of the partners for Ntorya, with an acquisition of around 11mmbbls 2P pending in Nigeria, KN and HH its very cheap and over sold. Its clear the sentiment on here from some and their reasons for it. There is already 140Bcf discovery at Ntorya, could be up to hundreds of Bcf after N-2 (60-70% CoS). As NR said in the recent interview that N-2 could ADD £70m to the cap here and they've a rig option to drill N-3 (AEX estimate around 1.5Tcf if N-3 appraisal well comes in).

Effiert,

COPL is exploration, AEX and SOLO are appraisal/development companies. Solo just happens to have 2 appraisal and development projects in the near term, one being the large gas discovery at Ntorya which quoting management could be developed in months rather than years (its only 20kms from the national pipeline which has significant capacity). The appraisal well is only 1500m from the discovery well on the same huge Ntorya structure. The second being what may turn out to be the biggest UK onshore discovery ever. Its already flowed significantly more on test than any other onshore UK well (its got characteristics of offshore wells). Planning permission in the pipeline for a sidetrack developmental well and HH-2 appraisal well (due around Jan 17 from the latest HH RNS). Given the tiny cap here and the quality of the projects I'm happy to accumulate up to 0.5p with a price target of 1.25-2p within the next 12 months (higher, much higher if they are successful at N-3).

SOLO is a perilous short for anyone, Nigeria could complete at any time adding 11mmbbls or about £15m easy to the cap for undeveloped reserves (in development and we'd be a smaller version of LEK or ELA). Planning permission/HH testing in the short term could add another £15m to the cap easy (share price went from 0.3p-1.3p on the last activity on HH). Drilling on a potential company making project like Ntorya makes this a nightmare short, just imagine if they report gas shows in the tertiary on the way to the primary! :)

Regards,
Ed.

[effiert] 23/11/2016 09:05

You guys ought to look at the last few posts at COPL. Spudding soon and could have an extra 2 free drills carried by EXXON. COPL already have two free drills in the pipeline one of which is spudding in the next week... game changer!

[runwaypaul] 23/11/2016 09:04

just clearing out some 10%ers....far higher pries coming during the drill.....let it play out gl

[tuff] 23/11/2016 05:07

Hot stock Herald - a strong trend for solo....Checking on current RSI levels on shares of Solo Oil PLC (SOLO.L), the 14-day RSI is currently standing at 40.34, the 7-day is at 33.05, and the 3-day is resting at 11.82. Relative Strength Index (RSI) is a frequently used technical analysis tool. RSI helps measure changes in price movement of a specific equity. RSI is a momentum oscillator that moves in a range from 0 to 100. RSI is generally used to interpret whether a stock is overbought or oversold. As a general rule, an RSI over 70 may indicate an overbought situation. On the other end of the spectrum, a reading under 30 may indicate an oversold situation. Traders and investors commonly use the RSI indicator in combination with other technical instruments in order to help spot prosperous entry and exit trading points.After a recent check, shares of Solo Oil PLC (SOLO.L) have a 200-day moving average of 0.27. The 50-day is 0.23, and the 7-day is sitting at 0.22. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA's may be used as strong reference points for spotting support and resistance levels. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities.The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors. The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R for Solo Oil PLC (SOLO.L) is noted at -72. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Solo Oil PLC (SOLO.L) is 33.81. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.Solo Oil PLC (SOLO.L) currently has a 14-day Commodity Channel Index (CCI) of -108.56. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

[hatey] 22/11/2016 19:53

Heads up

runawaypaul and loveandmoney1 are the same person 100%

Also uses the name purple11

[barony] 22/11/2016 18:10

Me too - 7 years

[paulhgreen] 22/11/2016 17:39

6 years here got the grey hair to prove it lol need 0.01 to break even

[dan_the_epic] 22/11/2016 17:10

Fundamentally this companies is utter gutter garbage. Zero ROIC creation.

Short term expect a ramped spike based on pure sentiment and gamblers look ahead to the drill.

AIM at its finest. A stonewall short once it shows evidence of spiking IMO, barring some big resource find.

[1bonanza] 22/11/2016 16:25

7 years of in and out, mostly in tho.GLA

[runwaypaul] 22/11/2016 16:18

SEVEN YEARS?

are you craaazy? youre only supposed to hold AIM for 2-3 month moves.gl with the plan anyway.

[1bonanza] 22/11/2016 16:11

Snap ? 7 years, funny seeing the newbies excited! GLA

[c31161] 22/11/2016 16:07

Sell I've had mine years I'd rather give them away

[runwaypaul] 22/11/2016 16:02

wont be long before you get your cash back.for gods sake don't sell now.just clearing out some numpties atm.
this will move far higher in time.atb

[c31161] 22/11/2016 15:59

There a lot of people like myself in here at 0.5p and above

[runwaypaul] 22/11/2016 15:46

o yes!

this will go up like gasoline

[ileeman] 22/11/2016 15:42

Real spread is alot smaller, alot of the time you can ignore what is shown you have to dummy buy/sell.

As runwaypaul said spread is 0.25-0.27

[simon8] 22/11/2016 15:41

So last Epsilon RNS as now below threshold, what they do with the rest is immaterial and dependent on their business model. The rise is sat in a ridiculously wide spread so just can't get excited by it... we need to see a narrow spread moving north; that we hope will happen in the run up to spud and results.

Perhaps we can be positive, I hope so.

[ileeman] 22/11/2016 15:40

60-70% is huge for a drill. That alone will drive this substantially higher.

When you buy into a drill story you are ussually risking your money on 30% strikes, SOLO is double that.