Member Info for cperkin

https://www.londonstockexchange.com/news-article/SOLO/corporate-update/14588984

+1 don't see anything at current market prices, take your divi out of any offer induced rise.

Zubairs are already in control BP, well them and the TZ.Gov.

What size offer would you accept bp, as in vote for?

Nothing wrong with taking profit along the way DC55, fair play to anyone making money in this game & as you say, not made till banked.

De-ramper jh!!!

About time for another speeding ticket?

4 working days till the Longstop date NM, so update the end of this week or beginning of next is expected.

Tanzania is a basket case full of huge natural resources.

It's certainly one of the possibilities BG, not sure how probable, although solo has now had the data room open since the 2nd March.
"As previously announced on 2 March 2020, the Board launched a formal process to explore value realisation options for its assets in Tanzania. The Company has seen an encouraging level of interest in its Tanzanian assets and a number of interested parties have requested access to the data room. The Board remains confident in the inherent value of its 25% interest in the licence - supported by the abovementioned extension, which provides clear visibility on the route to commercialising this strategically and economically important asset."

They have since confirmed they are working on an update for the market but timing is outside of their control. ...

Would be amazing to leave this debacle behind and concentrate on fully funded drilling and asset development.

@TZ.Gov.

New Ex Zubair man at the top, no previous form other than a 20 to 25% drop post last communication.

Leaving it to the last minute or expecting closure on the longest farm-out in the life of O&G?

Hi obone hope you are keeping well and you make a big fat profit... easily manipulated with so little volume, I have some cash waiting on the side for a top up myself, just waiting to see if our friend can meet my target ;)

GL

Who knows steve, someone is working hard every day to keep the price low whilst any deal is waiting. The proportion of low volume sales, £15 to £50 are way out of proportion to any other stock being traded on aim, last few days below.
My guess is it will continue till the Ruvuma deal is done and dusted.

16.60
12.86
55.75
39.03
22.62
15.97
37.50
23.65
23.02
13.34

Morning steve, their communication post One Dyas deal has been woefully disappointing, I expected much better from such an experienced bunch of professionals.
What is going on in the background is any ones guess as is this update they said they are working on over 2 weeks ago and the new email saying it is dependent on events outside of their control.
Again, could be anything but I would guess at the link to the AEX farmout… fingers crossed!

That's the position it was in last year steve, no licence. AT least they have a licence for now, all hinges now on the AEX/Zubair farmout completion. News should be this week, one way or the other.

Lets see what happens over at AEX this week. Farmout longstop is the 30th June, so news this week either on yet another extension or who knows, completion?

Yes, garden has gone crazy this year, harvest already good and lots to come.

Will be interesting to see any offer on Ruvuma.

If you take the AEX/Zubair deal then it's only worth $20 million, if you believe the Geologist that identified the gas field and drilled deeper with aex then it's worth $100 million.

Either way, about time they go on with it.

Indeed BG, need the export gasline to meet those kind of volumes to make any "rapid" development worthwhile, a BCF a day according to the TPDC.

Hi steve, how does your garden grow & I hope you enjoyed your celebrations.

Could be time the Zubairs tidy up the JV and forward development? About £20 million spent by SOLO shareholders here on the asset so far, any offer less would probably get a negative shareholder reaction and vote as it would be a loss never mind the C-1 potential upside with a Double geological target.

That AEX/Zubair farmout post licence and payment is taking a long time to sign?

On repeat now Burning?

Blimey you must have slept through the NT-2 drill & the 11 times increase in resources, burning?

Try reading a few of the RNS's maybe, I mean the other week you claimed the BOD had been in place 5 years.... clearly another one of your "facts"?