Solo Oil Share Discussion Threads

[barony] 10/10/2018 17:39

Oh, I see. We sold 13m in Ukog just before it's share price went up. I thought NR was no longer in charge?

[barony] 10/10/2018 16:55

Apparent success at one of our holdings, ukog, and we go down?? Doesn't make sense.

[doerx2] 08/10/2018 12:07

A few disgruntled ukog holders on here today. It will all come out in the wash. Hopefully ukog @ 1p before I get in.

[rayrac] 08/10/2018 10:46

So Solo comes out of it with around £250,000 to the good? 13m shares sold in UKOG.

[katsy] 08/10/2018 10:11

So your BOD are bare face liars. Makes you feel good you have trustworthy people in charge of your investments.

[barony] 08/10/2018 09:49

Still looks like a year to grant a licence means not a business friendly country, or something happening _ insufficient bribery?

[cperkin] 07/10/2018 21:54

CH-1 is appraising the 763 BCF 2C resources and a deeper 900 BCF giip target which may or may not be the elusive oil that Tullow JV'd in for at the get go.


NT-2 increased the resources 10 fold, the C-1 drill is targeting thicker sands and the deeper target.


One well in Tanzania flows at the same rate boped equivalent of the FFd @ Horse Hill ( all the planned wells) Ruvuma is planned for 8 wells total - 8 times the total flow rates of Horse hill in fill production.

[edgein] 05/10/2018 07:59

Barony,

Well this is Africa so things take way longer than normal. Tanz is desperate for the gas, its gonna be long term for all those offshore Tcfs while Ntorya is a simple tie back to the gas gathering facilities. According to AEX they're ready to go as soon as approval is in and get CH-1 spudded. So its a case of being patient. Its looking very like Ntorya/CH-1 has the possibility to add way more to the value of SOLO than 4.2% of already pricey UKOG. Personally I'd take the £4.5m and run.

Regards,
Ed.

[barony] 04/10/2018 13:58

Hi Ed, what do you think is holding back our production licence? Nearly a year now. Makes Tanzania look like a bad place to do business.

[edgein] 04/10/2018 10:12

Barony,

Yeah its a funny old market at the moment, folks off chasing hype. I guess this small increased interest in KN is useful if the well intervention is successful. Its quite possible that some of the behind pipe pay in the well will flow and bring the well back on again. But the main event here will be the eventual drilling of Ntorya-3/CH-1, that will be a well to behold when the time comes.

Regards,
Ed.

[whattheduce] 04/10/2018 08:35

I think you will find it is Solo dumping to get under 3p which is helping the share price drop, the post below was remarkably insightful imo.



rossannan
25 Sep '18 - 15:33 - 10877 of 10886
0 0 0
Rayrac

No, strategic - get under 3% and then they can hold, or sell, the rest under the radar as they see fit.

[barony] 04/10/2018 08:27

An increase in assets for nothing and the share price drops! Good old market makers. I think Mr. Lenigas might have been right in his recent comments about the nonsensical UK market.

[burtond1] 03/10/2018 09:01

https://total-market-solutions.com/2018/10/03/big-dave-lenigas/Interview with @tmsreach with Mr Lenigas...

[seastork] 01/10/2018 16:59

Cheers burtond1, have cast my vote and seeming as there are only 235 votes cast thus far it's within our reach still to have this actioned on our behalf.

[divmad] 01/10/2018 07:36

Is the Ruvuma farm out deal dependent still on government licences, approvals etc being granted? Or is it unconditional?

[burtond1] 30/9/2018 14:47

https://twitter.com/tmsreach/status/1046395091395522560?s=21Worth a vote??

[barony] 28/9/2018 09:55

Looks like Tanzania is a bad country to invest in, looking at AEX report. Licencing a major problem. Is it backhanders required, or just a backward administration? Makes me worry about the Helium business.

[ken chung] 28/9/2018 09:18

It's a perfect short.

[barony] 27/9/2018 08:39

Really like the new team and their focus on commerciality, rather than just always grasping the next “prize”, without realising the last one. NR still useful, but under control now by folk aligned with shareholders’ interests. I bought more in the last release and am starting to feel some confidence that I will see the “special dividend” promised in this half year report.

[rayrac] 25/9/2018 14:40

We are pleased to announce the close of this transaction ahead of the key Kimmeridge testing phase at Horse Hill. Solo remains a supporter of the project as we continue our exposure through our 4.2% stake

Wishful thinking rossannan?