Solo Oil Share Discussion Threads

[doerx2] 12/5/2017 11:16

Ritson should buy more shares to show the confidence he as in the company just like aex directors have done but we will see!!

[turbotrader2] 12/5/2017 11:09

Paying more than mid for your shares

[kevjones2] 12/5/2017 08:40

Chris168, a farmout does not involve 'giving away'. It involves receiving money/services in payment for part ownership. It's likely there are a few companys wanting to be part of what is a huge discovery. Whether NR gets the best deal or not is the big issue.

[chrisc168] 12/5/2017 08:21

Farmout would mean Solo have to give %% away which means less income. It's just as bad as placing.

[turbotrader2] 12/5/2017 08:12

Bet we get news very soon on the "monetisation ":-)

[kwizza] 12/5/2017 00:49

Solo Oil - Appointment of Executive Chairman

Thu, 11 May 2017, 10:30am BST

[whoppy] 11/5/2017 23:47

A farmout would be nice with back costs paid. Not dilution!!!
Pretty standard for an exploration company with an asset but no cash. That's how you monetise. Beats Ritson's pathetic strategy.

[rayrac] 11/5/2017 22:20

I was one of those who attended Kozel's last presentation and opened the eyes of many shareholders to what a jumped up little prat he was!
So if you are referring to me TheNorth.. get your facts right! I moved out of GKP well ahead of the herd and probably you too!😜

[thenorth] 11/5/2017 17:54

Pmsl says the man that fell in love with Todd Kozel....

[rayrac] 11/5/2017 16:27

Mind you, even with a new man at the helm, I still don't rate LGO as anything other than hope tomorrow. Wouldn't touch it with the proverbial!

[1bonanza] 11/5/2017 16:21

Spot on, in fact prior to the last placing I was warning of its RNS any day, C31 stated over again NR was using a loan facility not diluting. Guess what ? ....... the sound of silence

[cpap man] 11/5/2017 16:18

PROACTIVITY: An oily tint as Angus Energy, Solo, LGO all gain



Dear Proactive Investor

There was an oily tint to some of the biggest gainers in London today, particularly on AIM.

Angus Energy PLC saw its shares jump over 20% higher after it confirmed that it had submitted a required addendum to the field development plan for the Brockham oil field in the south of England.

The company noted that, in addition to the standard Health and Safety Executive approval, an OK from the Oil & Gas Authority would be the sole regulatory requirement needed to produce hydrocarbons from the Kimmeridge play at Brockham.

Angus also provided comments on what it described as “unwarranted and groundless speculation” created by some press reports pertaining to the recently drilled BR-X4Z sidetrack, and said it had sought legal confirmation of its planning permission.

Elsewhere, explorer Solo Oil PLC (LON:SOLO) – which has UK onshore interests itself, as well as operations in Africa - got a boost from news its boss Neil Ritson is moving up to become executive chairman from non-executive, with its shares adding nearly 9% as a result.

The move comes at a significant time for Solo which, according to the company, is gaining significant momentum behind its oil and gas assets, notably in Tanzania.

Closer to home, the company also has a stake in the Horse Hill discovery, the so-called ‘Gatwick Gusher, where long term production testing is scheduled to start later this year.

Ritson’s switch also followed on from news yesterday that he had stepped down from the helm of Trinidad-focused explorer, LGO Energy PLC.

Shares in LGO – soon to be renamed Columbus Energy Resources PLC – continued to be buoyed after that news today, fuelled by the ambitions of its new chief executive Leo Koot.

The incoming boss told Proactive’s Andrew Scott that he still sees LGO’s Goudron field - which has been producing about 500 barrels of oil per day - as the firm’s ‘money maker’ - creating the free cash flow to support new ventures into larger and ‘exciting̵7; exploration plays.

Koots said exploration in Trinidad’s south west peninsular already provides one such opportunity, with what he describes as ‘significant potential’, and he is now also looking further afield.

[rayrac] 11/5/2017 16:15

You are contradictory whoppy and pathetic to boot!

If he has any other means of raising capital, other than monetising the assets, then I'd like you to state what he should do, instead of moaning about him!

Whatever he does will mean dilution! What made you buy the darn shares in the first place? Your own stupid optimism?

[whoppy] 11/5/2017 15:56

Need a higher sp, and Ritson to deliver

[whoppy] 11/5/2017 15:37

He's been farming out the bullsh*t for long enough...so I hope you are right.
As the Indians in America say, many buffalo pass here. Man speak with fork tongue.

[whoppy] 11/5/2017 15:19

Todays RNS was filled with more hot air. Ritson actually used the word monetise. Does he know what it means? Hope he's not getting confused with the word 'dilution'.
He is saying he wants to monetise the assets..not dilute them??
Perhaps someone could check .
He probably means he will get money by diluting the assets through issuing more shares...as that is all he knows.

[1bonanza] 11/5/2017 15:16

Well said Kev, c31po we care as we're searching for the answer, where is the funding strategy?

[kevjones2] 11/5/2017 14:47

Moronic and snide ramper comments about posters' agendas just because they can't deal with the truth. A pathetic way to avoid answering the actual question and thus leading to the question being asked again and again and again:

"Other than completely decimating the sps at LGO and Solo, has NR done anything useful since he went out on his own?"

For the record, I hold 2.72million of these at a cost of over £15,000. My average is around .44p as I took some profit in March. If you doubt my honesty and want to avoid honest questions that actually do not suit your ramping agenda visit LSE and ask anybody if I'm honest or not.

[turbotrader2] 11/5/2017 14:46

This will bounce very soon