Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
<br />Solo Oil PLC (LON:SOLO) has agreed to cash out of the Horse Hill discovery whilst an extended well testing programme is ongoing.<br /><br />It has struck a deal with UK Oil & Gas Investments PLC(LON:UKOG) which will see Solo receive £4.5mln of cash and 234mln UKOG shares (4.2% of the company).<br /><br />Bigd... you say they brought the shares with the proceeds... isn't it the shares plus 4million? Above is per proactive article
Solo is always pleased with others rns lol....
Does anyone know how long it would take to drill CH-1 once it starts?
... I really can't understand why they can't approve the licence... do they want gas or what.... it's been at least months since submission... what the hell are they waiting for... approve the dam thing
... Well for those who complained about the AEX-Zub deal... let this be a reality check... Would people rather AEX kept their share and risk sp to fall futher than the 52 week low?
Finance is indeed necessary to drive these projects ahead.... not sure if the £3 million will go far but lets see if it can get us through monetisation.
Exciting times for both companies .... strong buy.
400k... averaged down... but still over 4p :(
For aminex... I really don't understand why this is happening... I hope the drill bit starts turning soon...
Zubairs as operators one can only expect quick turn around... this year has been a complete waste... If Jay knew he would not be a operator in the near future why was the fool tendering for rigs when he should know zubairs are in a much better position to do so... Jay could have used that energy in preparing better presentations looking at our other assets etc.
The 45% rise not being sustained is due to this...
was indeed a a bad day for AEX... 52 week low established... at least I have some comfort in knowing we are fully funded for the drill... and unlikely to be diluted.
60% down... not sure if I will breakeven this year... I wish I brought in now lol!
I take it the 10p party is postponed :(
Oops lol... that's still not bad
Luckily I am in both solo and aex... there positions could not be any more different... held for a few years now.... lòoks like the waiting will be over soon.
Cperkin... the misleading part is spot on... the talks of nt3..4..5.. at a time was clearly miss leading for novice investors like me... if so hits 5.18 I may forgive him lol
6700 barrels of oil equivalent will mean approx 30 million dollars per year to solo and aex EACH... this is at 50 dollars per barrel?.... not a bad deal imho no point sitting on a asset that does nothing... esp with the costs associated with running a aim company.... the salaries.. fancy office... xmas party... biscuits
Might be cheap... but I think development will certainly be faster....
Remember subs have to:
"establish an early production system to achieve accelerated first gas development at Ntorya to a minimum gross rate of 40mln cubic feet of gas per day (MMcf/d), around 6,700 barrels equivalent."
Though call but I really do think the asset is Worthing keeping until it starts to produce something...
We hold the same as aex.... how will we fund our share?
Putting the sp reaction to the side...
Aex has secured a massive care free which will hopefully keep our debt free status for time to come... not to mention no dilution... not sure how to value this.
This will certainly attract all kind of investors (Not just the aim dare devils)... £5m in cash won't hurt!
Boost from Grant of licence still pending (holding us back maybe)... but as I mentioned before zubairs are not fools... they would not invest unless they thought they would get this...
Sp_ hopefully will climb steadily back as the drill bit turns.... it's the black gold am after!
Must be clear... solo shareholders are not mugs... heads must roll to illustrate this... hope this happens.
CERP board changes was the best thing since sliced bread :)
Agreed... Solo is currently at the lowest point in its share history (more or less)....
We have reached 18p in the past and there is no reason not to mash this now whilst we wait for certain events (beyond our control to unfold)...
Its the waiting that kills this SP and I bet the operators did not expect this level of delays (esp when they were talking about NT4, NT5 etc lol).
Solo will come good eventually... But this spread is a joke... is there an overhang of a massive sale I wonder?
To further appraise the Ntorya gas field and to test a deeper, potentially oil bearing, zone the operator has proposed a further well, Chikumbi-1 ("CH-1"), to be drilled in 2018. The requested 25-year development licence, which envisages an early production scheme ("EPS") prior to full field development, continues to be reviewed by the Tanzanian authorities and the operator remains confident that the licence will be granted once ongoing discussions have been concluded.
Have you actually seen the spread!