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Share Name Share Symbol Market Type Share ISIN Share Description
Solo Oil Plc LSE:SOLO London Ordinary Share GB00BF1BK408 ORD 0.20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025 -2.33% 1.05 1.00 1.10 1.075 1.05 1.08 1,439,844 08:03:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.6 -0.4 - 7

Solo Oil Share Discussion Threads

Showing 39676 to 39699 of 39875 messages
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DateSubjectAuthorDiscuss
12/10/2019
21:34
I think deal 2 is already in the pipeline ;-)
optastic
12/10/2019
09:52
Very happy with the latest develpoments at SOLO. A good deal and atlast a bod with real intent. The upgraded 20000 boepd target is mouth watering! We'd better keep some cash aside for the open offer. Any guesses on the terms? Looking at the amount they want to raise it could be a 2 for 1 offer, so i'll need a fair few quid. I fully intend on going with this one. GLA.
canigou2
11/10/2019
23:02
Looks like a possible bull run. Deal, production around 2100 boped, earnings €20 million nett , Ruvuma licence, Helium-1 IPO, New company, 20,000 boepd target. Take a look at UKOG cap, bopd and compare.
cperkin
10/10/2019
19:50
Expect we will be up 100% min on re listing. I for one will take my full allocation. So much more to come from Sirocco, 3-5 Yrs we will 10+ bag if they deliver.
optastic
10/10/2019
18:59
Is the share price going up or down? is the only question I need to know.
doerx2
10/10/2019
09:37
"Three core areas with 14 gas fields, producing c.99% gas / 1% condensate." Sounds like interests in 3 core blocks and Dyas has a large variety of assets in this area. Perhaps like SQZ they'll eventually take some more of their mature assets: https://onedyas.com/assets/ Regards, Ed.
edgein
10/10/2019
09:13
Since you like comparisons here's another one for you, its right back to June 2014 and Serica's acquisition of Erskine for circa $20m: Highlights -- The transaction provides Serica with an immediate and long term cash flow stream. Net production for the year 2014 accruing to the interest acquired is estimated to be 1,234 boepd after providing for periods of shutdown to meet planned maintenance programmes. Provision for decommissioning at the end of field life has been provided for on the basis that Serica's estimate of decommissioning costs relating to the asset acquired will be met by BP, on an inflation adjusted basis, with Serica being responsible for any costs above this level. -- The transaction increases Serica's proven and probable reserves from an estimated 5.2mmboe to an estimated 8.8mmboe (Company estimates) and increases proven and probable reserves per share by 53% (after adjusting for the maximum number of new Ordinary shares to be issued as part of the consideration). So similar 2P (3.6mmboe) with about 30% less production. Erskine transformed SQZ and subsequently allowed them to fund the acquisition of three more fields from BP. It was the first transaction that kicked it off. They still don't have anything as large as Ntorya but certainly haven't done too badly since. Regards, Ed.
edgein
10/10/2019
08:50
Crucially what this production and ongoing development does for SOLO is that it allows them to develop their 25% interest in Ntorya when they get the development licence from the Tanz gov. As pointed out on here recently the Tanz authorities gave the go ahead for several gas/coal power projects and rejected pure coal driven projects for the domestic market. So gas within that energy deficient country is going to be high demand and Ntorya is sitting there ready to be advanced. So it what this 1750boepd does to SOLO makes it the transformational deal that it is. Regards, Ed.
edgein
10/10/2019
08:44
Its a little bit more than that though isn't it: Solo's pro-forma net 2P reserves at 1 January 2019 are expected to increase by 3.6mmboe Associated net 2P NPV10 of c.EUR40 million (pre-tax) Net average production in H1 2019 from the ONE-Dyas Assets was approximately 1,750boepd expected to increase to approximately 2,125boepd in 2020 Significant development upside within each core area Incremental 2C resources of 7.5mmboe at 1 January 2019 Associated net 2P + 2C NPV10 of c.EUR99 million (pre-tax) Near field resources and proximity to existing infrastructure Well defined work programme to convert 2C to producing 2P reserves Potential for production increase to over 3,300boepd by 2022. Moreover an effective date of 1st Jan 2019, so SOLO has been a producer from then. Market didn't believe that Ntorya would get developed so they discounted the 2C 700Bcf approx that SOLO has there. The above 2P is entirely PDP reserves with a clear and funded plan to add 7.5mmboe to current infrastructure. The above level of production would put them on similar levels to that of Regal Petroleum and I'd rather have Dutch North Sea assets. These assets completely transform this non-producer, short term, medium term and long term. Moreover since the effective date the asset has generated around $15m assuming it dry gas an a low rate of $5/Mcf. That's pretty material to a �12m company. Especially as they plan to double that within two years and there's likely to be around 10-20% of that as condensate too but we'll know more in the AD to come. Regards, Ed.
edgein
09/10/2019
17:18
So they've paid $35m for 3.6mmboe 2P or $9.72 per barrel. Rockrose, has a market cap of $282m and 63m 2P reserves = $4.48. So it must be really special Dutch gas that we're getting here?
frugaltree3
09/10/2019
09:26
Target 20k boepd in five years, not 5k, I note!
barony
09/10/2019
08:55
EC, Looks like it chap, I wish Leo can come up with an insta 1700boepd too! Effective from 1st Jan 2019 nonetheless. Regards, Ed.
edgein
09/10/2019
08:51
Another of Ritsons disasters rising from the ashes Ed?!
eggchaser
09/10/2019
08:14
Buywell, Has it anything to do with the falling oil price? These as gas fields. Regards, Ed.
edgein
09/10/2019
08:13
Buywell, Likely similar reason to why BP sold Erskine et al to SQZ. These are small fields to a large company, but large fields to a small company. They'll be non-core to Dyas but transformational to SOLO. Regards, Ed.
edgein
09/10/2019
08:11
Paul, I have no idea, they've also mentioned a capital restructure. So I'm guessing that the open offer will also be lined up with a consolidation. The open offer alone could be higher than 10p per share who knows. The NPV of the new assets is around 90m Euro for the reserves. More when they transform that 2C into 2P as they're planning to get production to between 2100-3300boepd in the next few years. All of this is much higher than our current £12m cap. Also factor in 120mmboe of gas in Tanz and 10% ish in he-1 and we could be looking at a market cap of over £100m. SOLO was grossly over-sold at £12m on its current assets. So they'll have to revalue the whole thing as a producer with good upside in the NS for development, a then fully funded producer. Could be a 100% more shares in issue followed by an immediate 1 for 5 or 1 for 10 consolidation after the restructure. Hard to tell without the details in the admission doc to come. I'm planning to apply for the open offer shares when they come, probably excess too. Regards, Ed.
edgein
09/10/2019
08:11
One has to ask : Why did the previous owners want to sell ? Has this anything to do with falling OIL price in the wake of a Global Slowdown ?
buywell3
09/10/2019
07:54
Hi EdThanks for that , what do you think the share price will be Paul
paulhgreen
09/10/2019
07:51
Paul, You can attend and vote at the GM if you like, otherwise no. Just wait and you'll receive info on the open offer, you can't sell now as they'll be suspended until mid-November (when the deal is expected to complete). Then just sit back and watch them come back at a cap multiples of today's. Regards, Ed.
edgein
09/10/2019
07:48
Amazing news. As suggested on here recently the most likely target for acquisition was north sea gas like SQZ did and here it is. Also like that other acquisition the effective date here is the start of this year. So the company will get significant revenues once the deal completes. SOLO from the completion date of the acquisition will be self funded for work in Tanz as well as on the new Dutch asset. Excellent stuff. Regards, Ed.
edgein
09/10/2019
07:42
All sounds good do we have to do anything regarding our shares ???
paulhgreen
09/10/2019
07:15
Reverse takeover.All coming to fruition her.Finance for new acquisition sorted, suspension and opening at higher levels.Its been a long journey but we finally have our eye on the ball with Alister.Good man.
raisethestake1
08/10/2019
08:46
If I remember right, that�s us spent �500k and got �1 back for Burj. Thanks Mr. Ritson! Glad it�s gone as it was just a distraction and another potential disaster in an unstable area. Now, please give us a nice progress update on all these potential new projects.
barony
07/10/2019
22:08
Now then now then , uuhhhuhhh
ball deap
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