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What you need to know.


Solo Oil Share Chat (SOLO)



Share Price: 0.29Bid: 0.28Ask: 0.30Change: 0.00 (0.00%)No Movement on Solo Oil
Spread: 0.02Spread as %: 7.14%Open: 0.295High: 0.00Low: 0.00Yesterday’s Close: 0.29


Share Discussion for Solo Oil


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cperkin
Posts: 487
Off Topic
Opinion:No Opinion
Price:0.29
View Thread (2)
RE: The future
Today 16:17
As Steve pointed out, Zero hour is approaching and news is due on;
KN1 2nd tranche
Production date and optimal flow rate -NR hints at the mid-range of 25mcfd
Farm in or other option for NT2 & 3
KN1 third tranche
drilling Q4 of NT2

Lots of news to come between now and years end and some due in the next week or so.
GLA
 
Magpies2
Posts: 81
Off Topic
Opinion:No Opinion
Price:0.29
View Thread (2)
RE: The future
Today 12:11
Thank you Steve58 for your response and let's hope that 2016/17 is the year(s)!
reaction
Posts: 458
Off Topic
Opinion:No Opinion
Price:0.29
KN-1
Today 10:55
Hope the increase in our % of KN-1.goes ahead. All based on a production figure of 20mmcfd." I'll buy that for a dollar." What a bargain. Bring on the cash flow. A fantastic opportunity.I look forward to further testing of KN-1 in due course to confirm higher reserves than have been credited. Looks like those reserves have enough pressure built up to push out in excess of 25 mmcfd. "Well I never did you ever."

"COME ON SOLO"
steve58
Posts: 1,776
Off Topic
Opinion:No Opinion
Price:0.29
View Thread (4)
The future
Today 07:54
I would not like to bet on their being more dilution short term.

Income of about £1.5 million a year does imo reduce the need for more share issues.

We do however need more cash to increase our stake to 10% with another instalment due next week should we decide to take it up.

As I mentioned last week imo we should keep our stake as it is conserving cash for ruvuma and horse hill.

As nr mentioned ruvuma could be about 20 times bigger than Ntorya.

Also imo some sort of share consolidation will happen in the next year or so.

It all hinges on whether nr decides to up the stake to the full 10%.

We can also not rule out further investments although imo we should for the time being stick with what we have until
more income is coming in.

We should have at least some information as to what the future holds next week as the 15 day deadline for taking
the second tranche is nearly here.
Magpies2
Posts: 81
Off Topic
Opinion:No Opinion
Price:0.29
The Future
Sun 22:40
Just canvassing opinion. I bought just short of a million shares for an average of 0.0038p over the last year and it's a LTH (has to be really) and the money I'm talking about is peanuts really. However, is this a share where every time it gets somewhere half decent there's a massive placing by the board and down to 0.0025p it goes again? To the knowledgeable people out there a question: do you think this cycle will ever end?
bigdouble
Posts: 3,253
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.30
Question
Fri 11:51
Most of the sells are usually buys. The way to tell is just do a dummy trade. The spread will reduce as volume increases. Hope this helps.
westgate
Posts: 57
Question
Opinion:No Opinion
Price:0.30
Question
Fri 11:19
Been in this a couple of years but never posted. Respectful question. Why is spread so big surely if smaller volume would increase which would benefit mms and sp? Also, sells 5 to 1 yet sp holding up...are shares in short supply? If so why doesn't sp go up? Would be glad of folks expertise.
bigdouble
Posts: 3,253
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.295
JoeCreed
Fri 08:22
Yeah totally agree and I have a feeling NR see's NT2 as our priority as well. Have we the money left for the Kiliwani tranche though?
JoeCreed
Posts: 7,045
Off Topic
Opinion:No Opinion
Price:0.295
View Thread (4)
bigdouble
Fri 07:59
I don't think we should buy anymore Kilowani. Near term cash is precious and we have more exciting things that the money is needed for, like drilling in Ruvuma!
lynthip
Posts: 796
Off Topic
Opinion:Strong Buy
Price:0.295
Morning
Fri 06:47
All




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