It's really helpful if investors read at least read the Rns,we will be getting revenue v.soon. "The KNDL contains the Kiliwani North 1 ('KN1') well which is expected to produce at an approximate rate of 20 million cubic feet per day ("mmscfd") (equivalent to more than 3,000 barrels of oil per day) in first half 2015. This agreement, when closed, will represent a major landmark for Solo as it will give the Company its first revenue from Tanzania."
I think the question you should be asking yourself. Not if it is a duster, not if its commercial but will you wait the two years to get the oil out of the ground? Geologists have suggested that the oil and gas reserves at Horse Hill site could be worth about £2bn, with production beginning in about two years, Mr Lenigas said. Most people in AIM are invested in a company not for long. So two years is a lift time for some. just my observation
You did indeed start your post IMHO. A BB is only as good as the debate it generates. I wasn't having a go at you but the opinion that it couldn't be a duster. I hope it isn't a duster. My investment as well as your's will take a dive!
I hope I am wrong and this does not happen but after being bit badly on TRP I do not want to teach Granny to suck eggs but anyone that thinks this is a sure thing be aware it could also go down, so only put in what you can afford to write off. Imo it will go up to 1.4 on news of HH then drift back to 1.0 before news on Tanz. Tanz for me is the big one who knows where we will go when that is released!
True. Based on what the RNS has stated it cant be a duster. However, if the results are not commercially viable then it might as well have been a duster. We live in hope that strong results will be announced in the near future.
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