Solo Oil Share Discussion Threads

[barony] 30/4/2019 12:03

Good ideas bod, but time for a progress update and good to put regular Newsletter for shareholders in place.

[barony] 26/4/2019 13:59

Not only rubbish, but SHOUTING IT TOO! Filtered.

[barony] 23/4/2019 10:51

more like ambling, or strolling. certainly no marching here. signs of activity would be helpful!

[pol123] 09/4/2019 21:31

who knows, we now have a strong management team with a clear strategy. One thing for sure the share price will be marching North over the coming months

[whoppy] 09/4/2019 08:49

Maybe because BLOE looks like a producing asset and the Solo management are going to farmin.

[pol123] 09/4/2019 07:29

Why has our Chairman picked up 6% of BLOE....Make of that what you will

[m0rrisminor] 08/4/2019 20:59

We are going being to be bought out I presume.

[dhelect] 08/4/2019 13:36

Lots of buying going on ? Anyone know why ?

[barony] 08/4/2019 10:09

I will buy some more today. Averaging down cos I believe in the new board.

[toogood4me] 04/4/2019 09:32

Suggest you folk look really do read up on this oneBLOE ARE DELIVERING REAL OIL 1100 per day2nd well in progress Gas to come as wellUnder 20m Mcap Dyor this will be

[pol123] 03/4/2019 20:44

Picked up a good number today. Little downside risk from here and looking to pick up more asap

FYB :-))

[paulhgreen] 03/4/2019 09:59

whats Reef worth now not much surely

[barony] 03/4/2019 09:47

Turning the corner at last?

[barony] 02/4/2019 18:07

Abit of selling, Reef and Kili, would be great.

[cperkin] 02/4/2019 17:08

Always a bit of a desperate sign someone cross ramping a share on another BB, puts me right off even looking.
One of the 2 wells drilled here so far will deliver 1700 BOPDE equivalent an the market cap is 9 mill and the first 3 wells about 7500 BOPDE

DYOR ;)

Start here



And here

[toogood4me] 02/4/2019 15:31

BLOE ARE DELIVERING REAL OIL 1100 per day2nd well in progress Gas to come as wellUnder 20m Mcap Dyor this will be

[cperkin] 02/4/2019 13:47

Malcy write up, very Bullish



Solo Oil
Last week I was able to have an extensive discussion with members of the new Solo Oil board and senior management. I met with Executive Chairman Alastair Ferguson, NED Tom Reynolds and Doug Rycroft, General Manager Operations and John Daniel Technical Advisor. What became immediately clear was how hard the team is working to deliver deals already and quite how wide a set of skills that between them they hold. The fact that as many as 15-20 different potential deals have already been screened is testament to how quickly they have come out of the blocks and that shareholders can be confident about transaction pace.

Given that they have started to look at so many possible deals it would not surprise me, as I wrote in the blog before I met with them, if one or maybe two are not getting close to closing and thus starting to add value for shareholders. Indeed, whilst they were giving nothing away, I got the distinct impression that they were being quite bold and one might expect to see a relatively substantial deal at some stage. The level of experience of the team is such that there would be no qualms about making a move on an asset that would be designated as an RTO and lead to a suspension of the shares to return as a much bigger player.

The team has clearly looked at late life/mature assets and seen how successful this can be, and over a limited period with creative funding can be highly rewarding. Nowadays decommissioning is not so much the worry it has been in the past and with abandonment costs falling opportunities can contain some ‘pleasant surprises’ that offer excellent value. The board appears to have particular experience in this regard in my view.

We talked at some length about Tanzania and the way to unlock value as it remains without doubt a core asset and one which has significant potential in its own right. In this regard it is obvious that general discussions have taken place with Aminex and given that both ‘new’ Chairmen have a BP background some discussions may well have taken place which seems an eminently wise thing to do. The team is not being idle on this asset and are working hard with its partners to create value, ‘certainly not taking their eye off the ball’ so to speak. My feeling with regard to this is that the management want to make a success of it but would be equally as happy if the work on the rest of the portfolio on its own merit downsized the scale of Tanzania as a proportion of the whole.

There is clearly a lot going on already from the management team at Solo and the key phrase in their mission statement is probably ‘achieving near-term commercial outcomes to generate value for our shareholders’. They have an strong view that they want shareholders to have confidence in the board and they will reward that confidence. For what its worth I think that this management team is pound for pound one of the most experienced and smart technically and operationally in the sector and it would be a considerable surprise it it did not deliver. Financially they aim to have a self-funding balance sheet, capital efficiency to make good quality transactions with well defined upside and with sparing use of internal funds. If it delivers the ‘full cycle production, development and modest exploration vehicle’ it is intent on then I will not be surprised.

[toogood4me] 01/4/2019 09:07

https://www.investegate.co.uk/block-energy-plc--bloe-/rns/w-rustavi-well-16a---test-rate-exceeds-forecast/201904010700076236U/Check guys Will be over 10p this week

[toogood4me] 01/4/2019 08:53

Sports Direct's website at https://www.sportsdirectplc.com/media-centre/news-releases-and-press-kit/2019.aspx

[cperkin] 30/3/2019 20:56

Good job they off loaded most of them early, should have dumped the lot of course!!! Still the upcoming side-track might give them a good oportunity to dump the rest. Not like they are desperate for the cash after all, they have had the next drill funded since last year, when ever Tanzania gets it's act together.

Wonder if the reef deal will close out and how much additional cash it will provide?

[barony] 26/3/2019 18:15

Thanks again. Assets value double our mkt cap and a clear strategy, being delivered by a very experienced team. - all looks very good to me now.🤞ㇿ5;