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Have had some of these for yearssssssssss sitting on a loss needs to do a few more 100% yet.
Does anyone know the commercial value of this now? Apologies haven't checked in for years.
At this rate we’ll break 5p before todays closing :)
Still some way to go to get back to 10p though?!
Just looking at my very old spreadsheet I have annualized revenue from Ntyora-1 and 2 at $96M gross $24M net to SOLO based on initial flow rates, $40 for condensate and $3.1 per thousand SCF. This is a huge asset for the market cap.
The Ruvuma asset just shot up in value with it now 75% financed to production and probably full field development @ $40 million earnings pa @ 25% holding
Nice to see. Bring on 5p
5p is the old 1p. 1p was the steady group. Rerate back to 5p prior to any new drills.
AEX up 181%, SOLO only 76% so far.
quoted 1.54 to buy but was gone in a flash
Aminex has so far increased its mc by 24 million pounds in 30 minutes.
We are up just 4 million pounds.
Come on solo.
Hopefully is this the start. :)
Good luck!
I’m out guys good luck to all those still in
Left field RNS catching market totally off guard. No shares available. Illiquid share. Mega value unlocked by news. Perfect recipe for mega short squeeze and huge rerate. GLA
Well done AA, Exactly what I invested for...Ruvuma! Bring on that spud date + details from the BOD on;
"The Company has made significant progress on its Tanzanian asset sales process and extracting maximum value from the Ruvuma asset, which is key to delivering our broader strategy. The Company continues to await the completion of the Aminex / ARA Petroleum farmout ahead of the expected conclusion of its own process;"
Just came in from work outside and saw this, looks like the curcus didn't go on to long.
Given how long we've waited for this this and how much the market cap had declined in the interim, none of this asset will have been factored into the SP. This deal unlocks Ruvuma where SOLO has 31.8 MMBOE 2C at Ntorya and 39 MMBOE 2U at Chikumbi. Rerate from here should be massive. GLA
Seem to remember a fag packet calculation of $400 million.
Aminex up 100% we are lagg8ng behind at the moment.
https://twitter.com/cperkin99/status/1315641586391429123/photo/1
Yes Vike, massive for a little £9 mill mcap company...
...how big this is for SOLO. Monetization of this asset is next
Will our Board finally have some work to do?
Feel's like I've been shaken awake after a looong slumber..hopefully a decent re-rate soon.
Very hard to buy wither stock at lower prices on that news. AEX up 106%. Fabulous news.
Https://www.londonstockexchange.com/news-article/AEX/ruvuma-farm-out-government-approval-received/14716934
AMINEX PLC
("Aminex" or "the Company")
Ruvuma Farm-Out - Government Approval Received
Aminex is delighted to announce that its wholly owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited ("APT"). With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days.
Robert Ambrose, Chief Executive of Aminex commented:
"We are delighted to finally receive Government approval of the Farm-Out and would like to thank all agencies of the Tanzanian Government that were involved in the process. We would also like to thank ARA Petroleum for its invaluable assistance and support in securing Government approval of the Farm-Out and in advancing $5m to the Company over the past 12 months. We now look forward to completing the transaction within the next few days and handing operatorship over to APT."
No SOLO RNS yet. Should be later today or tomorrow morning. This is a huge deal.