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Solo Oil Share Chat (SOLO)



Share Price: 6.00Bid: 5.75Ask: 6.25Change: 0.00 (0.00%)No Movement on Solo Oil
Spread: 0.50Spread as %: 8.70%Open: 6.00High: 6.00Low: 6.00Yesterday’s Close: 6.00


Share Discussion for Solo Oil


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Jettydog
Posts: 175
Premium Chat Member
Observation
Opinion:Strong Buy
Price:6.00
View Thread (2)
RE: Possible sale of stake
Today 09:37
Hi cp and CP, I have been of this opinion for months now that these assets are so valuable we should "forget" the other stuff and focus here. If a suitable high value farm out is not forthcoming then we buckle up for the long term and keep all the cash ourselves. If this time next year we are in production and making 1 million a month profit I think our share price would react positively.
I can see no current reason to drill NT3, why should AEX unless the demand requirement is there. Secondly I have my cash ready for the open offer if it comes. Both roads ahead look sunny, the only option I do not want to see is a bad farm out deal.
 
cperkin
Posts: 7,700
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Today 08:18
Morning Crusty - it's funny, part of me that wants the earlier pay day says farm out or sell the lot, the other part of me says, take the medium term pain and don't sell the crown jewels.

We will of course have to wait and see which comes first, NT3 (estimated spud Dec/Jan) or sale farm out/down.

In fact I think the more immediate concern might be Horse Hill and the funding for the extended flow test and additional drill. The hearing is October the 18th I believe and although the sums will be small they will still need to be provided.
CrustyPete
Posts: 6,133
Off Topic
Opinion:Strong Buy
Price:6.00
RE: Possible sale of stake
Today 08:06
But CP will Solo still own all 25% by the time all of those things are known? Somewhere in that list will be the NT3 drill date and we know what that means.

Moreover how uh of that risked / in risked NAV will NR and the BOD be able to translate into cash. That is the most important question as it provides the proof of concept for the whole Solo project.....

It will also have a read across for AEX.
Ivorgasleak
Posts: 436
Off Topic
Opinion:No Opinion
Price:6.25
RE: Possible sale of stake
Today 07:48
That's more like it cp, I wondered where you got 200m from. Maybe you can see the future? That would be handy. Risked NAV could be heading that way before the year is out. Who knows?
cperkin
Posts: 7,700
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Today 06:37
With a new CPR in place soon + the 25 year development licence soon + the basin model update covering all of Ruvuma and not just NT and of course the development plan and EPS we will be in a much better position to then determine the true NPV, the current $100 million risked NAV is only our starting point today.
Jettydog
Posts: 175
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:6.00
RE: Possible sale of stake
Thu 22:56
Repeating my calcs on the revised figures, current proven total is 1.3 TCF which with the agreement with the TPDC equals $3.9 Billion making Solo's share $900 Million. Now it is true this is potentially over 25 years and there will be significant costs of production but countering this there are unknown extra resources still in the ground to be discovered. This has to value our Tanzanian assets at £200-300 Million at NPV alone without even considering the UK and Helium. Everyone makes their own decisions but it is going to have to be a bl00dy good farm out offer to get my vote and I am not planning on selling a single share this side of 50p
cperkin
Posts: 7,700
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Thu 22:46
$100 million risked NAV that should be prior to tripling of NT resources Ivor ;)

https://www.youtube.com/watch?v=uyPFNKbQg58&feature=youtu.be&t=399
cperkin
Posts: 7,700
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Thu 22:08
200 million risked NAV - NR's words in an interview before the last NT upgrade and the tripling of resources Ivor not mine :)

Sleep well
Ivorgasleak
Posts: 436
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Thu 21:51
Cperkin, a risked NAV of over 200 million. I'll take it! 51pps. We have a little way to go yet! Lol. Well, I'm off, early morning. Enjoy the rest of your evening.
willowpillow
Posts: 628
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Thu 21:49
Until the development license is secured it's not worth a bean imho, once that is in place though then those sorts of numbers can warrant being chucked around.




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