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Early Stage Investment Opportunities: SyndicateRoom, investing from idea to IPO. Watch here

Share Views Episode 9 - Early Stage Investment Opportunities


Solo Oil Share Chat (SOLO)



Share Price: 0.245Bid: 0.23Ask: 0.26Change: 0.00 (0.00%)No Movement on Solo Oil
Spread: 0.03Spread as %: 13.04%Open: 0.275High: 0.275Low: 0.23Yesterday’s Close: 0.245


Share Discussion for Solo Oil


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Kev4
Posts: 2,134
Off Topic
Opinion:No Opinion
Price:0.245
View Thread (2)
RE: Magpies2
Sun 18:58
Not sure what your post means, goupplease, but best of luck anyway.
 
goupplease
Posts: 6,479
Off Topic
Opinion:No Opinion
Price:0.245
RE: Magpies2
Sun 16:20
Post rec kev .
I would not buy with your cash let alone mine
Kev4
Posts: 2,134
Off Topic
Opinion:No Opinion
Price:0.245
View Thread (4)
RE: Magpies2
Sun 16:10
Excellent summation, Joe. It really is all down to N2, imo.

I have about same respect for NR as I have for, say, DL - zero.

That said, I think I'll take the plunge after the latest placing is subsumed by the market. I think Solo could see a very good sp rise if N2 is successful. Like your opinion, it's then a case of selling at the best time. If the sp does have a serious spike it will be despite NR, not because of him.
JoeCreed
Posts: 7,224
Off Topic
Opinion:No Opinion
Price:0.245
View Thread (2)
Magpies2
Sun 08:56
I have definitely learnt a few lessons on aim over the years, but overall done very well. I have held here for quite a few years and was one of those taken in by NR when he banged on about the activity in the data room etc. When nothing came of it I became very sceptical of NR, for good reason, imo. Then there was the excitement of the seismic surveys plus HH. All of this has dragged on though. Horse Hill could be great in the next couple of years, but is a slow burner. Finally we will drill N2. Traders and speculators could push this share North in the run up to the drill and I think 0.5p and possibly even close to 1p is achievable. Therefore I will probably take a punt sometime in the next couple of weeks because I think a rise in share price up to the drill is pretty much a nailed on cert. If a big discovery is made then there should be a surge in the share price, but that would probably be time to get out, unless N3 is really close by. Traders would leave and the share price would fall again as people lose interest. Then funds would be raised for N3, possibly an open offer? Could probably repeat the same exercise with N3? By the time that is done we may have a much clearer idea about where Horse Hill is going. So I believe there is plenty to interest investors here now, finally...
cperkin
Posts: 653
Off Topic
Opinion:Strong Buy
Price:0.245
RE: SOLO - an exercise in patience
Sun 07:06
Hi Magpies, first thing to do is read the recent RNS's and here are a few links that highlight the current situation.

Neil Ritson answering questions from Private investors last Thursday.
https://audioboom.com/boos/5079994-592-solo-oil-mysquar?t=0

Update from Amniex CEO 15th September
http://www.proactiveinvestors.co.uk/companies/stocktube/6000/aminex-plc-chief-looking-forward-to-imminent-production-6000.html

I am also holding at a similar average to you Magpies, and there is some big activity that could be game changing happening before the end of the year, will there be another placing, yes, listen to the podcast, expected placing & open offer in 2017 to fund NT3 and NT1 commercialisation but at an expected share price much higher than today.

Firstly SOLO are now producing form KN1, this is still testing gas and the average flow rate has been 15 mcfd the well has been tested up to 40 and is expected to run at 25 to 30, this will provide enough income for SOLO to cover all running costs, so self sufficient.
We are waiting for the final off take agreement to be signed and then the resources can be booked to the balance sheet.

The big prize is Ruvuma and a drill pad and rig are currently being deployed with drilling expected in around the next 6 weeks. SOLO own 25% of this asset and the expectation is for 1.5 TCF of gas to be confirmed, this could be worth some where in the region of $525,000,000. Our current market cap is £14,000,000. Solo already have the money to pay for this drilling.

Hope that helps

GLA
Magpies2
Posts: 115
Off Topic
Opinion:No Opinion
Price:0.245
View Thread (2)
SOLO - an exercise in patience
Sat 22:14
I only have just under a million shares at an average of 0.0033p and so my losses are tiny compared to some people on this BB. I need that injection of faith that this is a LTH but will the pattern of share placing to raise equity ever end? What are the chances of this share being allowed to rise to a level that makes it worth hanging onto? Being a bit of an AIM novice what do you think will have to happen to SOLO for the share to rise to a level, either short or long term, that will at least make all the wearing patience worthwhile? I see, for instance, that Steve58 has now reached a level of 7.2M shares and he say's the share is undervalued but what is the true value and what is the criteria for that valuation?.
steve58
Posts: 1,805
Off Topic
Opinion:No Opinion
Price:0.245
View Thread (2)
Nr on vox
Sat 17:37
Definelty undervalued.

I topped up yesterday now holding 7.2 million.

Not my all time high holding but getting there.
cperkin
Posts: 653
Off Topic
Opinion:No Opinion
Price:0.245
View Thread (2)
RE: NR on Vox
Sat 16:29
I am with you Joe, I I bought some more Friday while the price is still low and expect at least 2 X my purchase price by Christmas on the conservative side, time will tell of course, but if 1.5 TCF of gas comes in this could move big.

@ ohwahtif - there has just been a 1.1 billion placing at 0.18p and the share price = 0.245 that's a whooping 36% above the placing price, never before has this share kept above the placing during the placing time, maintained 22% above that price from announcement to placing and now 36% above, i think you are seriously underestimating the current market sentiment m8.

GLA and that drill hits the dirt in early November.
JoeCreed
Posts: 7,224
Off Topic
Opinion:No Opinion
Price:0.245
NR on Vox
Sat 15:51
I listened to that and the Brr media. I have to say I'm actually interested in Solo again for the first time since HH results and the first time my interest has been re ignited in Tanzania. Finally something is going to happen and for now we will have 25%. Considering buying some to trade. I expect the share price to roughly double in anticipation of N2 results. Got to be worth a punt. Just leave my main holding to ride on results.
ohwhatif
Posts: 198
Off Topic
Opinion:No Opinion
Price:0.245
Re share price
Sat 14:16
Ground hogg day, we herd all this when we were waiting on kliawani , now we have production and we are sill 0.00245




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