Register
Login:
Share:
Email Facebook Twitter

Great guests on our new Trading Show 'Share Views'. Click here to watch.



Solo Oil Share Chat (SOLO)



Share Price: 0.25Bid: 0.22Ask: 0.28Change: 0.015 (+6.38%)Riser - Solo Oil
Spread: 0.06Spread as %: 27.27%Open: 0.235High: 0.26Low: 0.235Yesterday’s Close: 0.235


Share Discussion for Solo Oil


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


harrizma
Posts: 103
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.25
RE: Looks like a
Today 13:02
put people off buying, they know what's coming, buy and hold I say
 
NMH19
Posts: 5,069
Off Topic
Opinion:No Opinion
Price:0.25
Looks like a
Today 12:49
False spread going on here - can anyone hazard a guess why the MM do this? Seems a little daft to me....
cperkin
Posts: 247
Off Topic
Opinion:No Opinion
Price:0.25
RE: AGM
Today 10:31
Many thanks Vike, good to know!

About time the Bid ticked up me thinks Interesting times indeed!

GLA
Bluffmaster
Posts: 113
Off Topic
Opinion:No Opinion
Price:0.25
Did a topup under ţ3K
Today 10:26
Just topped up on the basis that there will be no further placing until 1p... NR knows this share has to hit 1p at least in the short term!
harrizma
Posts: 103
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.25
RE: AGM
Today 09:54
Thanks Vike much appreciated also
harrizma
Posts: 103
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.25
RE: AGM
Today 09:51
Very good point BD, what did he say to that?
vike1
Posts: 161
Off Topic
Opinion:No Opinion
Price:0.25
RE: AGM
Today 09:44
A couple other minor points to add to BD's comprehensive summary from yesterday's meeting:

- MEM has not yet signed off the extension as approved by TPDC. No worry here, as the Minister is a stickler for detail, and refused to sign a few weeks ago when a minor grammatical error was spotted. Hold-up now is just getting it in front of him again.

- Though mgmt is still looking at all options, a farm-out for Ruvuma (seemingly the preferred option) should be completed within 2-3 months after drilling date announced. My take was that drilling could commence prior to SOLO raising its share of funds, but can't confirm.

- NT3 drilling plans depends on success of NT2 results. When asked how they define 'success', this is at minimum proving up NT1 discovery, but reiterated that their hope is to find 0.5 - 1Tn tcf.

- Rig currently sitting on top of NT1, and can be shifted to NT2 site, and followed by NT3 if (hopefully) needed. We have first right of refusal for use of the rig.

- AEX busy looking at all monitising options. If NT2 meets potential, it will justify a high-grade steel pipeline to Mtwara (25 kms away). Other options include laying cheaper/faster plastic pipelines (industry-standard) to local markets and nearby industrial plants.
Oggy06
Posts: 664
Off Topic
Opinion:No Opinion
Price:0.25
RE: Agm
Today 09:31
Thank you much appreciated.
bigdouble
Posts: 3,111
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.235
AGM
Today 09:03
Made the point to NR that we maybe much better hanging onto our 25% share of Ruvuma if we can fund the drilling either out of revenue or funding on the back of it.

Hate to see us sell 12.5% for a few million when longer term it could bring in an additional $10 million per year for the 12.5% share
cperkin
Posts: 247
Off Topic
Opinion:No Opinion
Price:0.235
View Thread (2)
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!

GLA




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.