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ETF Securities experts James Butterfill and Townsend Lansing: did you know you can go long and short on ETF's?


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: 6.125High: 6.125Low: 6.00Yesterday’s Close: 6.00


Share Discussion for Solo Oil


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Jettydog
Posts: 174
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: 7,692
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: 7,692
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: 435
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: 627
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.
Ivorgasleak
Posts: 435
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Thu 21:43
I don't think any of us want to wait another 10 years Steve. I was pretty sure NR had secured 100m a couple of weeks back. Then I woke up and realised it was just a dream. Gutted!
As I said the other day, very hard to put a value on this. I would love it to be that high, but I think that may be a tad optimistic. However, the value is increasing with each basin update.
steve58
Posts: 2,376
Off Topic
Opinion:No Opinion
Price:6.00
Possible sale of stake
Thu 21:31
I have seen calculations on here which value the gas very conservatively at over 300 million pounds and of course as the gas in place increases so does the potential sale value.

So who knows any things possible.
cperkin
Posts: 7,692
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Thu 21:30
I think more than 5TCF based on the current CPR for Ruvuma prior to NT2 drill being 4.7 TCF the risked NAV must be over 200 million , never mind post 25 year development licence, that event if awarded of course seriously de-risks the licence area.
willowpillow
Posts: 627
Off Topic
Opinion:No Opinion
Price:6.00
RE: Possible sale of stake
Thu 21:21
I can't see 100 million tbh
steve58
Posts: 2,376
Off Topic
Opinion:No Opinion
Price:6.00
Possible sale of stake
Thu 21:16
I may seem greedy but I'd rather have 100 million plus in the bank in a few months than wait 10 years or more to recoup the same figure.

Of course if we sold out we save the costs involved in all those years of production.

It will be very interesting to see if any offers materialise once production licence is obtained and an idea of the total recoverable reserves in place.

I'm hoping for 5tcf plus.




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