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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Solo Oil Share Chat (SOLO)



Share Price: 4.50Bid: 4.25Ask: 4.75Change: 0.00 (0.00%)No Movement on Solo Oil
Spread: 0.50Spread as %: 11.76%Open: 4.625High: 4.625Low: 4.375Yesterday’s Close: 4.50


Share Discussion for Solo Oil


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cperkin
Posts: 9,134
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.50
RE: RNS says Q4 2017
Today 13:22
I don't think there is any chance of any RNS through each stage of the review such as PURA Gas.

From the AEX RNS on submission of the plan, we will be updated this year.

"The Development Plan is now subject to review by the Tanzanian authorities and the Company will provide an update on this and the timing for spudding the Ntorya-3 well during Q4 2017. "

So My expectation is still year end unless I hear via an RNS any different GAS.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=AEX&ArticleCode=9d0tt94c&ArticleHeadline=Submission_of_Ntorya_Development_Plan
 
Gasoilina66
Posts: 306
Off Topic
Opinion:No Opinion
Price:4.50
RE: RNS says Q4 2017
Today 12:30
In fact I would have expected an RNS saying it had been passed to PURA for approval. We dont want to be waiting 3 or 4 months with no good news or we will be giving away 40% instead of 20% for our 5m.
Gasoilina66
Posts: 306
Off Topic
Opinion:No Opinion
Price:4.50
RNS says Q4 2017
Today 12:14
They will update us on the spudding of NT3 not on granting of dev licence the update may just say spudding will comence on receival of develpment licence which we hope TPDC will shortly pass to PURA for approval or words to that effect.
CrustyPete
Posts: 6,783
Observation
Opinion:Strong Buy
Price:4.50
View Thread (2)
RE: For arguments sake
Today 10:54
See also the post below from Gaslady on AEX BB....

"Petroleum act 2015
Section 68 (3). Page 64
"The minister shall not grant development licence under subsection (1) without prior approval of the cabinet."

That'll add considerably to the 60 days stuck at PURA I suggest......
obone
Posts: 693
Off Topic
Opinion:No Opinion
Price:4.50
RE: For arguments sake
Today 10:44
Thanks cperkin for sharing Tanzania licensing process.
Thats some tomb that 2015 Petroleum Act document.
cperkin
Posts: 9,134
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.50
RE: For arguments sake
Today 10:06
Or Monday GAS?

It was worked on with the TPDC prior to submission.

The RNS says Q4 2017, so anytime in the next 6 weeks.
Gasoilina66
Posts: 306
Off Topic
Opinion:No Opinion
Price:4.50
RE: For arguments sake
Today 09:37
So we dont know if TPDC have reviewed it yet then could be months away
cperkin
Posts: 9,134
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.50
RE: One more
Fri 19:53
Good point Crusty, depends on if there is any bargaining power in the NT-3 drill with regards to the application timing?

....Liquids....
CrustyPete
Posts: 6,783
Observation
Opinion:Strong Buy
Price:4.50
RE: One more
Fri 19:53
You are quite right though without that it is a question of "can the last person leaving please turn out the lights".....
cperkin
Posts: 9,134
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.50
RE: For arguments sake
Fri 19:52
IT was submitted over 60 days ago to the TPDC. The TPDC review it and then submit it to PURA, whom have 60 days to approve and send to the Energy minister for signature, or at least that's my understanding.

https://www.dropbox.com/s/e0uai3wetmp9tqa/THE_PETROLEUM_ACT_2015_No_sw.pdf?dl=0




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