Solo Oil Share Discussion Threads

[barryjoe10] 25/7/2017 08:41

Lol that was a moment of madness haha

[dhelect] 25/7/2017 08:41

Yes me too over £200000 profit wonder what would happen if I tried to sell the existing amount of shares as my account has not been adjusted yet just showing the huge profit

[simon8] 25/7/2017 08:38

HAVE TO SAY I AM THINKING OF RETIREMENT TOO....OOPS FORGOT TO DIVIDE MY SHAREHOLDING BY 20, BACK TO WORK THEN!!!

[barryjoe10] 25/7/2017 08:37

What does the consolidation mean?I'm up 8k in my portfolio with solo anyone tell me what's going on

[football] 25/7/2017 08:28

up £200k so far with solo today

[temmujin] 25/7/2017 07:47

ukog ready to fly again..above 6p pre open

[donald trumpton] 25/7/2017 07:43

Think SOLO will head the leaders board this morning lol

[tmmalik] 25/7/2017 07:37

I don't think majority of brokers are ready to trade solo shares today

[c31161] 24/7/2017 22:42

Football I am trimme on the other site

[football] 24/7/2017 22:34

David Lenigas replied
Chris ONeil‏ @trime61 24m24 minutes ago
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@DavidLenigas Hi David, what do you think about SOLO Oil consolidation, good or bad for share holders ?
1 reply 0 retweets 0 likes
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David Lenigas‏ @DavidLenigas 9m9 minutes ago
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I think it was about time they did it.

[c31161] 24/7/2017 22:31

trrimePosts: 2,070Off TopicOpinion: No OpinionPrice: 0.24David LenigasToday 22:30DL has just made me eat my words, I tweeted him what did he think of solo consolidating his reply@DavidLenigas Hi David, what do you think about SOLO Oil consolidation, good or bad for share holders ?I think it was about time they did it.Reply | Recommend | Report

[doerx2] 24/7/2017 21:18

This has been rigged. People voted no but there votes where not counted. Why would you vote yes to consolidation after voting no to stop a placing. Fing stinks

[thehitman1] 24/7/2017 20:52

Suspension?.

[1hopefultrader] 24/7/2017 19:49

It would be nice, but they always come out on top..

[m0rrisminor] 24/7/2017 19:36

I truly believe in karma I hope NR is about to receive his experience .

[1hopefultrader] 24/7/2017 19:35

Love all the people suggesting other shares... MMX is a buy I agree but the others no idea..

[dudleym1975] 24/7/2017 19:31

RE: ValuationI have extended the valuation to all 4 companies below so you can see where the most value is left in buying these 4 Companies. Company /%HH / fair value share price HH only/ Current share price ALBA. 10. 0.81p. 0.68p UKOG. 32. 1.39p. 5.95p SOLO. 6.5. 0.13p. 0.24p PRIM. 6.5. 0.61p. 0.33p IMO ALBA and PRIM have the most upside here. ALBA has Brockham too but it really looks like they are going to get hit a with a placing soon judging by their issue of equity RNSs past frequency. SOLO has passed fair value for HH. UKOG are kinda fair value if you assume BB-1 well has the same flow rates and resource size as HH and BB-1 is fully owned for UKOG. Then value approx 1.39p + (1.39×3) = 5.56p but this does assume well flows back with good pressure. Hope it does but have been watching 88e aware not to count chickens too soon!!

[dudleym1975] 24/7/2017 19:25

Guys get ya money into PRIM see above for calcs and comparison to uKog Take note

[dudleym1975] 24/7/2017 19:25

Interesting post from lse poster batgirl take note chapsValuation of HH onlyHi all, been valuing HH which we own 6.5% of the oil. Valuation short term using the last flow rate test and longer term using the full field size of 10 billion barrels of oil. We await the Surrey council meeting August or September for agreement (hopefully) that we can do long term flow testing for up to 9 months so will give us some more oil to sell for funding. This is just valuing the oil side of PRIM not Fresho or the gold mine + other investments made by this board. Flow test at HH is 1688 barrels a day for upper/lower Kimmeridge and Portland. At £30.77 a barrel for 365 days this is £18,958,012 yearly. (using 40 dollars a barrel). Only 6.5% of this is ours so £1,232,271 yearly. Multiply by a Pe ratio of 8 is £9,858,166 as our mcap. Divide by the number of shares in issue which is 1,601,882,500 gives a value price for each share of 0.61 pence. (When I carried out the same calculations on UKOG and their 32% share here I get a value of 1.39p a share. They are currently approx 5.1p a share which I can only attribute to high expectations pre BB flow test results and the numerous other wells they have at various sites and stages of life cycle, some of which are already in production phase). PRIM has been slower than UKOG to re-rate as we're not an oil company took people longer to catch on. On a long term basis the licence oil fields PEDL 137 and PEDL 246 have an oil in place estimate of 9.97 - 10.99 billion barrels of oil. After last UKOG RNS looks like this may be upgraded at sometime too as weald more promising than we thought. We await log from BB-1 RNS to see more indication if oil in ground gets upgraded for all weald oilers. So if I take a field size of 55 square miles as is the case here and with 10 billion barrels of oil in place. Then 5% approx recoverable is 500 million barrels extracted over 20 years by drilling more wells like we are asking for planning permission to do, gives 25 million barrels a year. At £30.77 a barrel is £769,250,000 a year with 6.5% being ours which is £50,001,250 a year. Times this by a Pe ratio of 8 to value us this gives an mcap of £400,010,000 Shares in issue is 1,601,882,500 so long term a share is worth 24.9p each. Ultimately what you decide to value a share at is up to you, decide your own pe ratio to use and oil price...this valuation is fairly conservative, HH probably will get an oil in place upgrade and a different rate on long term flow test, but IMO the shares are definitely undervalued on mcap at the moment. GLA.

[1hopefultrader] 24/7/2017 19:22

collapse in the morning???? or survive another day??