Solo Oil Share Chat (SOLO)

Level 2 is accurate

How certain are you that the buys are actually buys?

63million+ buys v48+ million sells, but no movement in sp. Come on MM's give us some room to breath.Feel very suffocated nowAhhhhhhhhhhhhhh.

Norway's Statoil and BG Group of the UK will construct a $15 billion liquefied natural gas (LNG) plant in Tanzania.

Tim Dodson, Statoil’s head of exploration, made the announcement in the wake of the company’s third big gas discovery in Tanzanian waters recently.

Statoil discovered about six tonnes cubic feet (TCF) of gas in the Tangawizi-1 well in Block 2, about 100km off the Tanzanian coast, bringing the company’s total recoverable reserves in the area to about 10-13tcf.

“We need 8 to 10tcf to underpin an LNG project, and to date we have found 10 to 13tcf,” Mr Dodson said, adding that Statoil and BG are currently scouting for a suitable site to set up the plant.

Tanzania’s Deputy Minister for Mineral and Energy, George Simbachawene, told parliament last week that the government is finalising a new gas policy to spearhead the industry.

The energy firms are also considering building two trains, as the LNG processing units are known, with an option for more.

Experts say that there is enough gas in the region for as many as 20 trains, each of which costs about $7 billion.

That would give Mozambique and Tanzania a combined production capacity of 100 metric tonnes of LNG per annum — more than the 77 metric tonnes per annum produced by the world’s biggest LNG exporter, Qatar.

Tanzania sees natural-gas reserves more than doubling by early 2015.

http://www.theeastafrican.co.ke/news/USD15bn-for-construction-of-Tanzania-gas-plant-/-/2558/1753892/-/stmovm/-/index.html?goback=%2Egde_4268676_member_240786478

I meant that someone would buy them as a normal trade
not extra shares issued.

hope for some good news soon.

mention of buy out of Tanzania asset.

may be s good option.

co can then concentrate on pan send maybe even reef.

if all goes well could have income from 1000 boe a day.

equates to over 20 million pounds a year current mv.

interesting times ahead so many different outcomes.

GLA

On the way up and poised for an afternoon rise to level off for the day??

I'm hanging on in there ...GLA

Agree,think solo will be bought out of Tanz.

Is coming but will it be good/bad or mixed who knows the waiting goes on!

hope so mate and it would only be polite to let the ii,s out on a profit