George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I am expecting to see aminex funding announcement and the conclusion of farmout negotiations Mr J and if the Omani's make an offer for part of Aminex 75% then solo's 25% is valued, expecting HH to start before then though based on onsite prep.
the Rig contract is this end of May or June Mr Perkins and will we have any news before the EGM for Aminex in your opinion Mr Perkins, Friday was a bad milestone day for me invested in Solo under the key 3p mark and it need to get back above again next or I fear the worse really for the share, although endless averaging down/top ups there only so far a investor can go, can`t wait to the EGM to give him a piece of my mind, however things could recover before then !!!
Dub; you say "I personally expect this Gas and hopefully Petroleum Basin to significantly deliver over and above what the independent consultants have indicated to date. The use of the words (in a high quality cretaceous sandstone reservoirs) give me confidence." Do you not think that the "independent consultants" - the Experts" would not also be aware of this and made their assessments based on it? How and why are you second guessing their assessments? I think they would know what a "high quality cretaceous reservoir" would look like and be likely to yield; don't you?!
Hi Dub, there is no doubt about the quality and size of the find to date. The next drill target looks to be significantly bigger and is targeting a thicker part of the Cretaceous sandstone as well as a deeper Jurassic Oil target, west and updip from NT-2 https://www.dropbox.com/s/b4tdls493h0lb5o/Screenshot%202018-02-02%2010.06.19.png?dl=0 Need the operator to complete their farmout with the Omani's and the rig contract tendor is due to complete by the end of next month.
Hi cperkin , The following extract is taken from RNS 7459M. "Advancing the Ntorya appraisal and its commercialisation is now a key objective for Solo and we are pleased that rig mobilisation is now underway. The discovery of gas in high quality Cretaceous sandstone reservoirs in the onshore portion of the Ruvuma Basin represents very significant value". I personally expect this Gas and hopefully Petroleum Basin to significantly deliver over and above what the independent consultants have indicated to date. The use of the words (in a high quality cretaceous sandstone reservoirs) give me confidence.