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Solo Oil Share Chat (SOLO)



Share Price: 0.855Bid: 0.84Ask: 0.87Change: 0.06 (+7.55%)Riser - Solo Oil
Spread: 0.03Spread as %: 3.57%Open: 0.795High: 0.86Low: 0.795Yesterday’s Close: 0.795


Share Discussion for Solo Oil (SOLO)


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nomoreheros
Posts: 66
Off Topic
Opinion:No Opinion
Price:0.89
forgive the pun
24 Oct '14
A lot of buyers this morning have been 'shafted'. The downward slide continues.
 
smokinjoe
Posts: 3,246
Off Topic
Opinion:No Opinion
Price:0.90
View Thread (2)
well the ukog board
24 Oct '14
sound a bit more positive than the solo board
YellowHCP
Posts: 563
Off Topic
Opinion:No Opinion
Price:0.90
Intraday double bottom?
24 Oct '14
Let's hope so..
RGE2014
Posts: 27
Off Topic
Opinion:No Opinion
Price:0.90
If it is the 28th...
24 Oct '14
I will be selling on the 27th if we have seen a rise in anticipation. Seen it too many times, profit takers driving the price down.
oilyscum
Posts: 238
Off Topic
Opinion:No Opinion
Price:0.91
Politicians
24 Oct '14
You all have an answer for everything. Was the wait worth it? Lmfao

Esso has drilled here b4 no matter how they spin it. We all know unsuccessful that companies history is. Hahaha

From 1.09-.90 on your long awaited news.
mainshare
Posts: 835
Off Topic
Opinion:No Opinion
Price:0.91
View Thread (2)
RE: article
24 Oct '14
how many sites were they going to be drilling at HH..?
pyjamaboy
Posts: 168
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.90
View Thread (2)
article
24 Oct '14
Solo Oil (LSE: SOLO) announced an oil discovery at Horse Hill this morning -- and as I write, the firm's shares are down by more than 10%.
The explanation is simple: although today's news confirms that the Horse Hill-1 well has found oil, the amount found appears to be far below pre-drill expectations. The first (Jurassic) stage of the well has found oil in only one of the four targets that original well operator Magellan specified before drilling.
Jurassic disappointment
The discovery, which was made in the upper Portland Sandstone interval, only appears to contain an estimated 3.1m barrels of oil in place -- compared to pre-drill estimates of 57 million barrels.
Today's announcement from Solo also refers to the lower Portland Sandstone interval having a gross unrisked in place prospective hydrocarbon volume of 16.8 million barrels of oil. However, it turns out that the Horse Hill-1 well has not discovered this interval, which appears to be located further south than thought. In other words, the well has missed this target completely.
The key numbers
Here's a comparison of Magellan's pre-drill estimates versus today's reported results:
ClimbingWooster
Posts: 1,142
Off Topic
Opinion:No Opinion
Price:0.91
Watchhouse
24 Oct '14
Then it would be a hot share to have :-)
Watchouse
Posts: 24
Off Topic
Opinion:No Opinion
Price:0.91
View Thread (2)
RE: If they drill any deeper
24 Oct '14
.... was thinking more like lava! lol
smokinjoe
Posts: 3,246
Off Topic
Opinion:No Opinion
Price:0.91
the 28th october has
24 Oct '14
been mentioned on ukog.. apparently they were not ready to release the news so I read it as we might have more news on the 28th...............hold on to your shares guys........



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