Member Info for cperkin

Merry Christmas to you and yours Frank & enjoy the time with your family.

1.5 trading days to see what other surprises emerge on the Aim Casino.

Nothing any holder can do whilst suspended, other than ride it out and see how negotiations unfold with the One Dyas deal, if they are successful in negotiating a reduced price, it can only be due to reduced forecast production.

Solo enjoys an ongoing constructive dialogue with ONE Dyas, however there can be no guarantees that new mutually beneficial terms can be agreed, and as a result, the deal may not proceed.
Tom Reynolds, CEO commented: "In light of certain changes of circumstance since signing the Agreement with ONE Dyas, we felt it prudent to reengage with them with a view to agreeing new terms that better reflect the current and near-term outlook for the assets. This is wholly consistent with the Board's stated strategy to ensure any acquisitions are executed at fair value for the Company. We hope to agree on terms that are beneficial to all parties and allow us to complete this transaction. We will update the market in due course once we have firm clarity on how to proceed."

Still maybe Tanzania and a licence will save the day in the new year regardless of how this first deal concludes ;0)

I filtered Neil pretty quickly AA, their recent posting performance on TLW when 46p just cemented my opinion.

No one knows what the details behind the change of tact and request for renegotiation are beyond a material change in near term value, unless they have inside information which I doubt with this BOD.

Everything else is pure speculation

Marty, the shareholders who have not sold out believe and post as such, although at this price and mcap they are more likely feeling locked in. Nothing mysterious about it, they have money on the line in their belief.

I do question the sheer number of hours spent posting by non investors, maybe it's just me but I just don't get the hours and effort spent?

Everyone, invested and non invested is aware of the situation (or should be) and the current SP and the hours spent posting bile about other posters/investors helps no one.

The lady has not sung yet and investors and non investors are waiting to see which way this plays out.

I am surprised myself older, the BOD seemed so confident in closing the deal on the cof call, interviews etc, but it seems some material event has changed the short to medium term valuation. I agree, the BOD and team seem very well qualified and professional and I believe they are doing the best for shareholders by attempting to close the deal through with a renegotiation that reflects the material change.

I hope they do close a deal that reflects the projected value but from the RNS it is clearly not certain (negotiation tactic or not)

Hi Joel, if I am not mistaken they said on the conf call they had 5 deals, 2 had fallen by the wayside, this one with One Dyas they were executing and 2 others in advanced stages (SIC) something along those lines. Of course there is no guarantee that any will close out in full.

Well if this one does fall through then lets hope they are close with the other 2 deals they said were in advanced stages.

Well there's something else that's like Tanzania and never seems to change a Dunderhead insult post, what a surprise.

Merry Christmas Dunder!

Yes, agree Cups, either a delay or a material reduction on the forecast upside, so a lower price to be negotiated.

Well lets see what they come back with in the new year I guess. Glad we are suspended though!

Could well be Cups, OneDyas were supposed to have started work on infill well on K09ab-A tail end of 2019, could be an issue there? Who knows all guess work.

I wonder what has changed between October and now?

Well they have updated us as they said they would. Seems they are trying to amend the terms of the deal, no details so we just have to wait and see.

You feeling tired Stick? ;0)

Lets see what we get from the BOD by way of an update before Christmas. I think it may well be a yawn if they have not closed out the conditions as per the RNS.

· Regulatory approval in the Netherlands;
· the receipt of appropriate consents and transfer relating to the assets to be acquired;
· the confirmation that no pre-emption rights have been exercised in respect of the Interests, (these three CPs being referred to as the "Consent Conditions")

Thanks Andrew, not lost the will to live just yet, although Tanzania is pushing my patience to the limit.

Wish they would just get on with monetising their gas whilst they can and for the benefit of all and without being too greedy!

Hi Frank, there is nothing AEX can do, it is a 1 trick Tanzanian pony with the potential of being a race horse but can't get out of the stables.

Hi steve, I don't mind the deal taking longer than expected but I do mind not being kept informed. As for Tanzania, It's any ones guess when the Gov will conclude negotiations. The more deals the Bod can deliver the better whilst we wait & having the first one over the line would be a big boost to sentiment and shareholders.

Have to get BD to dust down the shareholders list if nothing by Christmas steve.

Welcome to Tanzania FL.

If only FL!!!

You are right Vike, my mistake.....sorry!