Member Info for blackgold00

when i was a lad

https://www.youtube.com/watch?v=VKHFZBUTA4k

yes, mojos and blackjacks, i remember, i'm pretty sure, back in the 60s maybe 1966 or there about, you could get 4 for an old penny, that's 960 mojos for £1, i also remember maybe a bit earlier, in Bampton's little fish and chip shop, a portion of chips 3d

yes agree CP, no great rush, unfortunately

"Exactly Jack, SOLO have a 5 million facility available for any C1 related cash calls."

i don't think its as straight forward as that CP

"Pursuant to the Subscription Deed, in the coming days, the Subscriber will make an investment of US$500,000 (the "First Closing"), by way of an initial subscription for new ordinary shares of 0.2p each in the Company (the "Ordinary Shares"). The Subscriber will pay for these Ordinary Shares at First Closing and it is expected that First Closing will take place in the next seven days."

"Provided the Company satisfies certain conditions set out in the Subscription Deed, an additional investment of US$500,000 will be made by the Subscriber following the Company's next annual general meeting, and a further US$1,000,000 may be invested within the next 12 months. The Subscriber may invest a further additional US$3,000,000, with the consent of the Company only, for a total of US$5,000,000, in the aggregate, under the Subscription Deed. Further information regarding the investment facility is set out below."

"The proceeds from investment rounds will be used by the Company to fund the planned appraisal programme on its Ntorya gas field in Tanzania and for general working capital purposes, while the Company continues to progress the sales process of its interest in Tanzania."

Seawolf, yes we always want more, but looking at it now and the time its taking, i think someone would have had a free three course dinner out of Aminex.

as i see it, the thing is with Solo, they could be hit with a substantial cash-call on or soon after the ARA/AEX farm-out completion. especially if planning is still going on behind the scenes for the drilling of CH-1 for the end of the year.

"similar boat to AEX imho!"

except AEX has its F/O already agreed, no question of having to except an inferior deal.

thanks GL, yes thought the same, and if they want to achieve their GDP forecast then they will need NT gas to fuel it.

poor Crusty

"That presupposes that Solo will still be holding their 25% until after the Drill bit is turning BG. I do not necessarily belive taht is their intention..."

No Crusty, whether Solo keeps or farms down their 25% share, bears no relevance to the value that the Zubairs placed on those assets when they negotiated the development based farm-out with Aminex for a 50% working interest in the Ruvuma PSA for $105 million

"The proof of the pudding will be in the eating, methinks BG...."

yes Crusty, and it's only the drill bit that will prove up and reveal Ntorya's value, and all we can say at the moment is that the Zubair's believe it's worth investing $105m in those assets to discover that value and to gain a 50% share.

i was agreeing with Crusty, not you RoJo, £15 m for my house, i wish

yes quite.

so what are we saying, the Aminex/ ARA transaction puts a value of 20-25 million on Solo's share compared to the current
£7m Market Capitalisation ?

what Crusty, when they tried to restart KN-1, fluid lift or something and they just about got gas to surface, i dont like being coarse but I've experienced more gas at work amongst the men folk. what was that all about. lol

its not, whether or not, politicians keeps their promises that we are concerned with, its just knowing that politicians can not help themselves from taking advantage or credit from big positive news or an event, especially during presidential election. now i wonder, who would have the say when a certain document gets signed ?

with pledge to create jobs
"Incumbent leader promises economic growth in address marking launch of his re-election campaign."

https://www.aljazeera.com/news/2020/08/tanzania-magufuli-kicks-campaign-pledge-create-jobs-200829142331953.html

"Tanzanian President John Magufuli has pledged to improve the economy and complete unfinished projects during a speech that marked the launch of his re-election campaign."

anyway while we're waiting, thats the 6lb of blackberry's picked ready to make two gallon of lovely blackberry wine, and just recently I've been making some good old pork sausages, feed up with the rubbish you get in the supper markets and the price you pay in the butchers. Honey roast for the kids, meaty Cumberland for that acquired taste and my favorite and that which is proving very popular, the Pepper Pig sausages, nice and peppery, can't make enough for them down work and our little grandson just loves them.

yes, that's what my old man used thought of all Bowie's fans

i just wonder how you are going to control all of those screaming fans RoJo