Member Info for cperkin

Not really H1 requested to close the UK registered company themselves back in May. The only conclusion that I can draw is that any IPO is unlikely to be in the UK.

https://beta.companieshouse.gov.uk/company/09523349/filing-history/MzIzNTAwNTY0M2FkaXF6a2N4/document?format=pdf&download=0

mherby, the money was deposited in the BVI holding company Helium One Ltd company number 1888591. As posted by stonefold previously, extract below.

MD of the BVI holding company is Helium One Ltd company number 1888591

Director of the UK subsidiary company is HELIUM ONE LIMITED Company number 09523349

Director of the Auz subsidiary company is HELIUM ONE PTY LTD ACN 618 979 007

It is quicker to say MD or CEO of "Helium One Ltd".

The 2.5 million that Solo paid for a stake in H1 is shown in the accounts for the BVI holding company Helium One Ltd company number 1888591.
As that is a private company the accounts are not made public.

Seems about right to me Ufufuo, about time for a resurrection, Phoenix never managed it.

3.5p

Certainly become more extreme both ways on the BB's WMOC and with social media and apps, invite only chat rooms, just adds more layers.

Taking so openly will bring plenty of insults by those up to their necks in the game of course.

UKOG could have a nice little profitable business in the Wield with the flows from the current well + more production wells, it will never take over the greater weild basin and all those ramptastic billions of barrels of oil though.

All great thanks WMOC & hope & trust the same for you.

I quite agree on the pump followed by dump/de-ramp, some sleeves swings are just ludicrous and transparent.

Tough world for noobs,on aim and should come with a P&D handbook on sign up. Greed and Fear are easily manipulated, anyone can do it.

wmoc, should the subject line be something else :o)

Well thats your opinion Kejoglo but how do you know nothing is happening? seems in direct conflict with the wording from the BOD - Cusp of transformation? I expect that we will see the first deal delivered in the second half, whilst they continue to work on their asset disposals.

For the Primary asset, the review date conclusion has been set by the Government for the PSA reviews and I look forward to the conclusion & imo the licence + Farmout and spud date.

The company has millions in cash and disposable assets (REEF + shares in UKOG) and with the reduced costs would have to do nothing for 3 years or more to destory the value as you describe.

Getting ready for the football, so have a lovey evening and

COME ON ENGLAND!

Fair play Kejoglo and quite right to retract such a statement.

According to the email BD posted and the accounts it is remuneration of £458,00 in 2018 compared with £767,000 in 2017 - Rather a large reduction. Work on divestment and DD on deals as well as the finance arrangements for the 2 placings.

Just take a look at the Epsilon and YA previous financing to compare the cost @ current market rates.

Sorry Kejoglo I don't understand you said in your post it was a racket (as in some underhand and potentially illegal scheme to defraud shareholders) I simply asked for some evidence to support your accusation.

Too late Kejoglo already has.

Have you any proof of your accusations Kejoglo? Shareholders have proof of the asset, the size and flow rates as per the CPR oh and the study by GE, surely you are not accusing such companies of lying and being involved in some unsubstantiated cover up.

Come on provide some evidence please.

Hi TC, there are only 3 people working for solo

Fergurson - Exec chairman
Fitzpatrick Non exec director
Reynolds Non exec

Everyone else is bought in on an as needed basis from Gneiss, including the funding for placements, rather have that than the old YA, Epssilon flippers and robbers myself.

If you believe it and it may or may not be true, then it is based on "inside information"

Just below this as I post is;

"Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse. This could lead to an unlimited fine and up to seven years in prison."

Waiting for the FCA to show as much bollx as TF (SP)... at least they have some, no matter how bent (ouch) that might be.

AIM regulation is a complete joke.

Shame trrime, the funny thing for me is the womens football is brilliant, skilful and natural with little or no diving, dropping on the floor at the touch of air as it passes a face or limb. The funny thing is the the men play like women and the women play like gentleMEN.

True spirit of the game for me.

Sorry not meant to be sexiest in anyway just a funny juxtaposition.

Sorry to hear that AA, evens out for me today for a change :)

Come on the lionesses! Tough game against the current holders USA.

ENG-A-Land!

Oh the fun of Aim chesh.

Asset + Cash = £18 million, current mcap ~ £8 million

As a solo holder, I would say the new BoD are generally conservative in their estimations, unlike the old NR days. However they say H1 in their estimation and it should probably be taken seriously. Late December spud 19 or H1-20 makes little difference in the grand scheme, the licence and having the ability to make a spud date is all that matters right now, all eyes on Tanzania and the PSA review and negotiations.

GL those holding.

I do not deny that the downside posts of the likes of Kejoglo are not impossible but there again I think the upside scenario is more probable.
If we Isolate the current most valuable asset, Ntorya, the current market value offer is $20 million so around double the current market cap.
Surely the Zubairs would be much more likely to buy some or all of solo's 25% to move them across the line from a 50% holder post licence to give them a majority stake?

Which will come first, Kejoglos sub 1p or a BoD deal and or the appraisl licence for Ntorya which unlocks that $20 million valuation?
As for the 25 year development licence, that would increase the current $20 million valuation significantly, not saying it would reach NR's $100 million valuation, but it would be a good deal closer.

GL to the ones who actual hold.

2019 accounts will not include Dan M and his £250,000 ofd salary.

I think the last deal that genesis completed was a 0 cash armour so it's more than possible to achieve without dilution up front. Have to wait to see what they bring to the table.