Member Info for cperkin

Hi vike, hope your keeping well. Yes I noticed that and I think contradictory and more cautious than the Aminex report which suggests a H2 2019 spud. Earliest date I expect would be December as per the last 2 drills. - all pending the licence of course. Also interesting is that the solo report talks about the 25 year development licence being issued prior to spud and nothing on the appraisal licence extension which is the condition of the farmout?

Might be the case BD, in my case the company paid the tax upfront and then I had to reimburse them.

Thats correct with the Tax steve, certainly been the case when I have left a company and taken my options.

Glad he has gone to be honest along with all the old Bod and management team, thankful for the couple of decent assets in the portfolio they secured but thats about it.

For me cusp of transformation suggests delivery is near term (O&G timescales ) as opposed to just announcing the strategy like they did 3 months ago?

Oh dear Mick, as you well know we will all be right and all be wrong at times, thats shares for you, they go up and down.

Yes, I think the high ground is probably a better place to be than in the sewer, took a while to climb out.

Depends, the Tanzanian official line is that the country is not benefiting enough from the current contract and PSA terms as taxes and royalties are being avoided via offshore accounts. Regardless of if that is the case or not, they clearly want to negotiate better terms for Tanzania.

Hi Phillo, quite agree on the NAV and I share the frustration,currently massively undervalued according to value on the books.

I think they are saying the opposite and that through the deal(s) they are working on will deliver transformation and diversification whilst they wait for the Tanz Gov to complete the PSA terms review for all O&G operators in Tanz.

um, diabolical would look like ANGS - 60% thats what happens when you drill and find nothing, good job the discovery drilling and first appraisal is already done here at solo and they found loads of gas with both drills aye burns, around 4 times as much as ujo/rbd etc in fact.

Have a lovey weekend!

Indeed you know they don't publish the full report Mick, like I say for the BOD to make up numbers here is a very poor show and spoilt a very good presentation.

Not part taking in the **** up the wall contest Mick I was kind of hoping we were beyond that. The revenues are increasing here and it's good to see for shareholders. We will all have to just wait for the Government PSA review to be complete to see which way the wind is really blowing and what the new terms will be for all operators.

You mean they made it up then Mick,bit dodgy don't you think? Shame because the rest of the presentation is very good (thanks for posting) and this makes the BOD look a little unprofessional to say the least.

Thanks steve, Helium of all things :)

Gov contract and PSA review Bluff is the reason and it is impacting all 11 O&G companies in Tanzania.

lol so funny, no I bought in on KN-1 production and Ruvuma drilling so not so long ago, seems you have not done your research szynd, or maybe confused?

Have a lovely day, oh and don't take my non response as rudeness, it's because you are filtered.

I would be happy for any positive development steve:) I admit to not knowing very much about REEF as it is way before I ever heard of solo although I guess the Oil price & sector crash impacted hard?

+1 Mousey and Drewky and good luck my friends!

Well I guess it's only been 3 months since the strategy announcement steve but I thought we might have heard more about the REEF disposal?

Hi Mousey, well thats one way to put it, guess there will be a fair bit of 10 to 20% trading for the next few days. That 25 year licence would help right now!

Best of luck and I hope the cheese store is well stocked :)

No news I would guess John, it's a report on last year & 6 months old, still it will be good to see the salary that is no longer being drawn by Dan M as a 2019 saving.

Not invested at the mo but very sorry for holders and never expected to see such a fall in SP, horrible to see all the "told you so" comments, rarely does AIM bring out the best in individuals.

Good luck!

Over 2 months out of date cups and come on there is no comparison with a Syrian war distressed asset.

Ntorya CPR numbers reduced, really? Must have missed that RNS or do you think it is a naughty conformation bias mistake