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Morning Chris.
Gneiss latest accounts show tax of about 140k so about £750k profit.
I wonder how much of that profit is derived from fees charged to this company for services rendered.
A few hundred plugs to pot so busy in the garden.
Have a good weekend.
They say their is no charge to the company, I am sure they can afford it on Gneiss expenses as no doubt this is the crux of their meeting and the solo part took all of 20 minutes.
Given their past/current performance and how much money they're costing us, if I had my way they'd be lucky to be allowed to stay at a Tr@avelodge and at their own expense! Gleneagles probably cost us a fortune. Talk about adding insult to injury!!
Name change followed post Tanz elections by FO is my best guess. Helium-1, who knows? Do we really have a member on the board still?
When will we lose that fecking name officially please does anyone know ???
and at least the first good news will come a Scirocco Energy RNS and everything to do with Solo has been a disaster so good bye to bad rubbish, next stop Farmout completion and PROGRESS FINALLY !!!
Can hardly contain my excitement.
The name change should keep us all satisfied for another 6 months, a well deserved pat on the back to our board.
Hope they enjoyed the jolly up at Glen eagles.
Solo (AIM: SOLO), the AIM investing company targeting attractive production and development opportunities within the European energy market, announces that, at the Annual General Meeting of the Company held today, all resolutions were duly passed.
Morning chris.
Maybe new name will mean better future.
The last 8 years have been pretty dismal to say the least.
I trust they will check the spelling of the new name.
At least it will give them something to do before the drinks and canapes.
Red dot later saying all resolutions passed, including the name change. Wont be sorry to see the name SOLO Oil removed to the AIM history books, and a ridiculous name for a company with only gas assets, at least for now.
Feck all Steve as per usual is the name of the game, at least for all there bluster we sold most of our assets/cr** and we got a name change out of all there hard work, keep it up folks !!!!
Hope for news soon on ipo etc.
Helium airships are being developed.
Apparently helium is not combustible and completely safe.
A helium balloon if ignited will just pop.
Agm tomorrow.
Red dot tomorrow morning would be great timing.
Thanks.
Morning steve, the TPDC posted the article only yesterday, link below to the main document repository, it's the last doc in the list, loaded yesterday...
http://www.tpdc.co.tz/pdfstuff/?C=M;O=A
Morning Chris.
Looked at theTPDC website.
Last news update Jan 2019.
Seems their website isn’t updated very often.
We need that farmout signature soon.
Why give us a years extension and six months later still not signed.
At least we have the name change to look forward to.
Evening steve, all we know for sure is that the Tanz Gov department TPDC have it as part of their 2020/21 budget. I personally think it will all become clearer post October election, others believe that it will come before.
Evening Chris.
I assume this means that the farm out and subsequent drilling programme should definitely happen soon.
I'm glad someone else translated it.
I'm not too fluent in Tanzanian.
136.
Mr. Speaker, in 2020/21, the Government through PURA will continue
overseeing and controlling the activities of the high-flow gasoline. Those activities are included
and: drilling of one (1) exploration well (Chikumbi-1) in Ruvuma nursery;
two (2) exploration wells (Jump-1 and Mtarawanda-1), one (1) development well
(Applause-2) in Ruvu nursery; and drilling of exploration and inspection wells
in Mnazi Bay North nursery. For the year 2020/21, a total of Shs
1.69 has been allocated for the performance of these responsibilities.
http://www.tpdc.co.tz/pdfstuff/Bajeti.pdf
Thanks to foolsandcows + Bucks for translation
Thank you cperkin, all the best to you.
Good luck froggy and of course those remaining.
Shame as we could finally be so close to farmout etc. Your decision however. GL
Sold my holdings last week after 5 yearrrrrrrs of torment and frustration, fed up of keep paying wages!!!!!. Might of lost value of a decent new car, but might treat myself to a Double Mac tonight !!!.
yep that is correct Vike
This is going nowhere till the BOD actually deliver something tangible with their stated goal of "delivering value for its shareholders.”
Ruvuma will get released once the Gov feel it is right for their political agenda imo.
For the rest, over to you Bod!
I'm sure that a change of name will transform this company and all of our lives for the better. And if you believe that, you'll believe anything, just like we've been doing for years!
Listen in? No comrade, "the meeting will comprise only the formal votes without any business update or question and answer session. A very limited number of persons from the Company will be present to conduct the meeting such that relevant legal requirements can be satisfied."
The beatings will continue until morale improves.