Member Info for cperkin

No idea edgar, could be related to Ruvuma or as you say one of the other options.

SOLO's PR company via email to Big double on Tuesday.

"Thanks for your email. Your timing is impeccable as the Company is presently working up an update for the market."

Indeed they did, I was in a meeting with the solo board when the RNS was released and then went onto the AGM where Crusty gave the BOD a verbal dressing down (to say the least)

Interesting that SOLO's PR have informed us all of pending news and are preparing an update, I wonder if it's related?

They both show on L2 on the LSE Frank, 2 buys one for £28K and one for £19K

They show on L2 here Frank.

09:41:43
0.95
2,979,039
28.30k
O
10:36:44
0.95
2,000,000
19.00k
O

Expecting the AEX/Zubair Farmout completion John and of course the ARA by the end of the month for solo. Not sure what else we will see as per the update from BD yesterday?

"I have received a reply confirming an update is being worked on and will be released soon. Let’s hope there’s some positive news in it."

Maybe it's just going to be an rns about a director from 5 years ago ;0)

Longstop approaching....again.

"despite changes of board of directors five years on "

What Directors was that 5 years ago burning? I know it's been a while and the current Directors have not delivered beyond selling some assets and "almost pulling of a deal" but 5 years?

All depends when you buy and sell I suppose Caddy, the "Spikes" as you call them are generally linked to drill events as per most AIM O&G stocks. The fact that the NT-3 (Now C-1) "back to back drill" on NT-2 sat for 2.5 years is the real issue behind the fall, just look at Aminex for a comparison, same thing.

Lets see what the BOD manage to produce in the update they say they are going to deliver, as for the primary asset (Ruvuma) the farmout should complete very soon and then maybe we will see what the BOD's intentions are and what interest there is over the already large, drilled and appraised gas asset.

For balance.

It's multi-bagged many times before and probably will again Caddy, after all the primary asset is worth at least 2.5 times the current mcap based on the deal currently going through.

Anyway, thanks again BD

Many thanks for the effort on behalf of all shareholders BD, much appreciated.

Chris

That's true Bluff, but so far they have delivered little. This is their landing page on their site;

“The Board of Solo leverages its extensive commercial and technical expertise with a hard focus on monetising its portfolio of investments and delivering value for its shareholders.”

Done some of the first bit but nothing tangible as yet on the second.

Zubair/AEX Farmout due for completion at least.

Come on Now....

On 23 April 2020, Tullow announced that it had agreed the sale of its assets in Uganda to Total and that CNOOC had rights of pre-emption to acquire 50% of these assets on the same terms and conditions as Total. CNOOC has now informed Tullow and Total that it has elected not to exercise its pre-emption rights. Accordingly, there are no changes to the previously announced transaction or timeline and Tullow continues to expect the transaction to complete in the second half of 2020.

Excellent news for the Uganda-Tanzania Crude Oil pipeline project (EACOP) from Hoima-Tanga. CNOOC Uganda has informed
@TullowOilplc
and
@Total
that it will not pre-empt the sale of Tullow’s assets in Uganda to Total

https://twitter.com/abdulsamadz/status/1265910317437063168

Good morning steve, fully agree. I will email the BOD if nothing by the end of this week.

Ruvuma farmout/sale?
Helium-1 IPO?
Deal/ acquisitions?
Strategy, has it changed from 20,000 boepd?

As Ariel Arrow said - Silence!

Average age in Tanzania is 17.5 years and 40% of the population are rural, not prime Covid ground it seems, regardless the Gov has been taking a kicking of late ref O&G and not before time, even a professor at Dara Uni put his name to a publication last October that was less than complementary as posted at the time.

"The African Nation That Can’t Get Its Energy Industry Off The Ground"

https://oilprice.com/Energy/Natural-Gas/The-African-Nation-That-Cant-Get-Its-Energy-Industry-Off-The-Ground.html

Should be an interesting general election...

Glad to hear and I think the same regarding the likely significant increase in value post C1 drill.

The Helium-1 CEO said the other week that they expect to drill in the 4th Quarter, which can only happen post IPO. Seeing will of course be believing.

Hi Jetty, hope all is well for you and yours. The licence was a long time coming and in the bag, so once the farmout is complete then the project is 75% funded to production with an estimated spend of around $120 million.

Just waiting one signature now.

Dropped the bid after 3 trades worth less than £3k total John, not worth getting wound up about.

Farmout completion this week or next would seem reasonable and then we might get to see what the deal is with SOLO's 25%