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Solo Oil Share Chat (SOLO)

Share Price: 0.235Bid: 0.22Ask: 0.25Change: 0.00 (0.00%)No Movement on Solo Oil
Spread: 0.03Spread as %: 13.64%Open: 0.24High: 0.245Low: 0.235Yesterday’s Close: 0.235

Share Discussion for Solo Oil

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Posts: 246
Off Topic
Opinion:No Opinion
RE: Agm
Thu 22:38
Long day at work for me and missed the action.

Brilliant summary BD & thank you very much

Some great news,

1st payment by TPDC made to Aminex
Next tranche of Kiliwani funds are already available - this is great news and agrees with my fag packet calculation.

The next few weeks should be very interesting,

Confirmed payment from KN1
Aminex EGM and take up of placing and confirmation of cornerstone investment
SOLO - Confirmation of deal on Ruvuma drilling funding, options as you described and then.......................

Drill time!

Posts: 670
Off Topic
Opinion:No Opinion
Thu 22:24
bigdouble for taking time to post detail, much appreciated.
Posts: 211
Off Topic
Opinion:No Opinion
RE: Agm
Thu 20:38
muito obrigado Big D !!
Posts: 1,665
Off Topic
Opinion:No Opinion
RE: Agm
Thu 18:50
Thank you bigdouble for taking the trouble to post your notes...very informative and reassuring.

Posts: 99
Premium Chat Member
Off Topic
Opinion:No Opinion
RE: Agm
Thu 15:47
thank BD
Posts: 9
Off Topic
Opinion:No Opinion
View Thread (2)
Thu 15:45
Yes thanks for the feedback BD.

Also cheers for pointing out the PDF harrizma.
Posts: 14
Off Topic
Opinion:No Opinion
RE: Agm
Thu 15:42
Thanks BD.

Posts: 3,105
Premium Chat Member
Off Topic
Opinion:Strong Buy
View Thread (6)
Thu 15:35
Ok dragged myself out of the pub.

Let me go through the issues one by one.

1/ Kiliwani income - NR confirmed Aex payment had been processed and ours should be in before the end of July. Think we are all on track with this issue.

2/ Kiliwani production - minimum will be 23 mcf per day. They have tested over 30 cfd and all was fine, no drop in pressure

3/ Ruvuma drill - they will be contacting various potential partners in the next two weeks, subject to Aminex funding going through next week. This will out solo in a far stronger position. All possibilities still bring reviewed, I.e. Using Kiliwani income, bank funding using Kiliwani reserved onced banked, doing a deal with Aminex funders etc.

4/ further assets - stressed to NR that Solo should concentrate there funds on existing projects. No more dilution until SP is well above 1p. Also no consolidation as that just justifies further dilution within AIM.
I am confident there will be no more asset purchases in the near/medium future.

5/ HH still at least a year away before any production.

6/ Solo Nomad was present and I stressed a few director buys would not go a miss. They are working on an open period where they can buy.

7/ gas demand - NR stated demand is growing at a fast rate and Aminex are considering the best way to bring Ruvuma gas to market. Joining 20k of pipeline to main line is an option.

8/ no discussion on reef or PAN think these maybe dead ducks.

9/ Aminex relationship - NR seemed very upbeat about our relationship with AEX. We rubbed your back with Kiliwani now it's your turn, possibility.

10/ next tranche of Kiliwani funds are already available.

11/ on the whole very positive for the next 3 - 6 months, lots happening and IMO NR is one of the better guys in the AIM sector.

Feel free to shoot questions at me if I've missed anything.

Posts: 1,693
Off Topic
Opinion:No Opinion
When does Solo get paid?
Thu 14:32
I've heard that there's a cheque in the post!

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