Solo Oil Share Discussion Threads

[canigou2] 27/9/2019 10:52

These two snippets are very important IMHO:

- "The Company is fully funded for its share of the Chikumbi-1 well"
- "Solo continues to monitor its investment in He1 closely as it progresses to public market in 2H 2019 and advances the planned drilling programme in early 2020."

They will need funds, inevitable for a small cap, but after the results from the Chikumbi-1 well and He1 drilling is much better timing, when hopefully the share price is many multiples of where it is now!

GLA

[edgein] 27/9/2019 07:48

Can,

Well He1 is due to IPO around October so there's going to be some market recognition of that and SOLO estimate they'll have around 10%. They're in detailed negotiations on 3 assets of 20 they've been looking at to acquire and see themselves becoming mid cap within 3 years. Market is totally missing the fact that they've circa 115mmboe in gas at present too. Hopefully see that to the development stage after the drilling of C-1 which has the added upside of targeting the potential for the elusive oil on the licence. AEX's team have previously suggested the increased oil potential the further west on the licence you go. So plenty of short to mid term upside on this current small cap.

Regards,
Ed.

[canigou2] 27/9/2019 07:42

"We expect the second half of the year to be a transformative period in which we intend to continue to deliver our strategic evolution in line with our ambitious growth objectives."I hope so....

[maverick081267] 26/9/2019 09:44

Just bought some my buy is shown as a sell!!

[barony] 25/9/2019 17:10

Thanks Vince.

[vinceelliott] 25/9/2019 15:51

As of June 28th, Solo still retain a small holding in UKOG. (From year end results)

[edgein] 25/9/2019 15:29

Vince,

Yes hopefully they were all gone during the first six months of this year at much higher than today's UKOG price.

Regards,
Ed.

[vinceelliott] 25/9/2019 15:25

Last RNS dropping holding through 3% limit. 18M shares added post this RNS due to IOW disposal. Other sales unspecified, but intent is to dispose of whole holding.

[edgein] 25/9/2019 15:09

Well the interim results should be out any day, they came out on the 27th last year. Hopefully they sold out of UKOG when they were 2p. Its very interesting that they've just appointed 2 M&A specialists here as the company said they were looking at non-core assets of the majors. Perhaps its an old BP or BG gas asset like SQZ did with Erskine and then later with the large package of fields.

Regards,
Ed.

[barony] 25/9/2019 14:42

Read the rns. Any idea if we own any ukog?

[whoppy] 25/9/2019 14:09

Nice move up. Some more news coming?

[barony] 24/9/2019 15:50

She’s from Oil and Gas UK, an industry body, not ukog. Saying that in case that’s what you thought, also because I can’t remember if we have any shares in ukog left either.

[come on] 24/9/2019 13:24

How many shares in ukog do we still have or did we sell?

[canigou2] 24/9/2019 13:21

The two new appointments are quite youthful (36 & 40). I personally really like that, they will likely come with ambition and verve. It makes a nice change from the usual appointing of stiffs or old boys whose only intention is draining the company.

Ducks in a row you say, yes it appears so.

[barony] 24/9/2019 11:34

Aex and Ara see promise in recent moves by the Tanzanian government. Ruvuma licence soon, we hope!

[barony] 23/9/2019 09:41

Bod continuing to get their ducks in a row with these two key appointments. I continue to feel more assured of my investment performing.

[cperkin] 19/9/2019 17:43

Find out soon by the looks of it Barony, October looks like the licence date. As for Helium-1 it's a mining licence and the terms have already been agreed post Arcacia.

[barony] 18/9/2019 14:12

Are we any closer to getting helium out of the ground, consolidated, shipped and sold? Will Tanzania give a production licence for it? Is there any point in investing/ wasting money in Tanzania?

[cperkin] 18/9/2019 12:15

11225 of 11226

[m0rrisminor] 18/9/2019 10:32

Have come to the conclusion that investing in the AIM market is not profitable anymore

Time to leave it alone for a Period of time, 7years back I was making a good return on my investments not anymore just holding now till the tide turns GLA Morris.

[wolansm] 17/9/2019 11:31

Good bbc article in helium shortage

[northwestwirral] 13/9/2019 14:49

Email from Hargraves & Lansdown.

Cadence Minerals plc - Consolidation

The Board of Cadence Minerals plc has announced proposals for a Consolidation of the Company's Share Capital.

Subject to shareholder approval at the Annual General Meeting to be held on 20 September 2019, Shareholders as at close of business on 20 September 2019 will have their holding consolidated, receiving 1 new share in place of every 100 shares previously held. The new consolidated shares are expected on Monday.

If the proposal is approved, we will credit the shares to your Account upon receipt from the Registrar which may not be before 8.00am on Monday 23 September 2019.