Member Info for cperkin

Ultimately up to the Operator post licence I suppose. although every other Ntorya Spud has been December and very close to Christmas.

Crikey I hope not Crusty!!!

Not convinced myself Frank on your target, seems some decent buyers around picking up on the weakness bearing in mind the upside impact of licence deliver.

Full ask already met once and subsequent buys within 0.005p of full ask.

Very much the same position and feeling as you Crusty, it took a long time for NR to move on and for the new board to sweep clean completely from top to bottom. Still job done and delivery seems to very much be in progress.

We wait for the next update whilst we continue to wait for that Tanzanian licence.

Quite agree p0wer, there is not much more to say other than for delivery by the Tanzanian authorities and the BOD on KN-1 although Crustypete's post regarding progress last week has a very strong ring of truth in it.

As for talk of 1p, 0.5p or any other pulled out of the hat number or personal target, the only thing that will shift the SP significantly is the extension licence and it should in all fairness rise significantly from these levels.

It has indeed dropped massively and one of the reasons why it is so undervalued Aston, but that is more to do with Tanzania timescales and Aminex and the Old dilution Bod strategy to be fair.

I do consider myself one of the lucky ones getting out @ 3.5p as I posted at the time thanks to the old NR dilution strategy whist placing shareholders at risk of further costs.

The new BOD do look tasty I fully agree and their staregy looks a darn site better than NR's ever did, although you have to give him full credit for identifying the deeper target at NT-1 and the subsequent huge gas discovery appriased with NT-2 after Tulow pulled out.

Shame that back to back drill of 2017 will have taken almost 3 years by the time they spud!

Another white coat rant then Kejoglo full of accusations of mugs and people out to trick others, all a bit delusional and paranoid, maybe investor just see the cash assets and market cap and realise that the delivery of the extension licence is worth the high upside V the risk of it not being delivered.

Yes the extension licence should deliver around a bag from these levels and even then with the strong cash position and assets the share would still be undervalued.

So if you believe the licence will be issued it looks like a great risk reward. If you don't then don't invest and go spend your time on something useful and positive like another investment.

Here are the links (again) you have failed to read and or understand since you are unable to comment/challenge or discuss in any intelligent way.

https://www.malcysblog.com/2019/04/oil-price-block-reabold-aaog-solo-gkp-and-finally/

http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-plc-corporate-presentation-march-2019.pdf

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SOLO&ArticleCode=bpgfq5a5&ArticleHeadline=Strategy_Update

Put the list up, a reminder of the multi TCF assets always go's down a storm, pending a licence approval of course...cough.

After all the current price is less than the Zubairs paid for their almost 30% of the company.

Welcome back Willow :)

Yes it is normal, Trolling an AIM BB for 2 years is not however "normal" imho

Kejoglo, there is a New Board of Directors who not only have purchased over 7% of the stock and have significant skin in the game but are highly experienced in the sector. They have released a new strategic direction for the company, again you clearly have not read or understood the content.

The Board is also backed up by a strong management team, note that these are not permanent employees of solo but are on secondment from Gneiss Energy as required, hence keeping the running costs of the company at a minimum.

The cash position is strong as are the primary assets and the new Bod are in the process of completing their 3rd deal and asset disposal, providing cash and a reduced spend.

Read these then come back with some sensible questions/comments perhaps for a change instead of made up future predictions based on non current facts & the old Bod and Management team.

https://www.malcysblog.com/2019/04/oil-price-block-reabold-aaog-solo-gkp-and-finally/

http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-plc-corporate-presentation-march-2019.pdf

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SOLO&ArticleCode=bpgfq5a5&ArticleHeadline=Strategy_Update

Frank I honestly don't see much profit in people day trading AEX, pickings are very slim and there are much better stocks for such things than Aminex.

Add the current 9% reported spread to the displayed SP and the pitiful volume then it is simply dead in the water till the licence is issued, bar some actual progress on KN-1 of course.

If you are buying at these prices then I would expect about a bag on the licence, then you will see some volume.

I can only assume steve that the New Board conclude that REEF does not meet their investment criteria and hence they are selling it.

"As part of the portfolio rationalisation, the Company has signed Heads of Terms ("HoT") with Levant Exploration and Production Corp. ("Levant") on 21 March 2019 for the divestment of Solo's 28.56% in Reef Resources Limited ("Reef") to Levant. The divestment of the Company's shareholding in Reef is subject to definitive documentation being agreed"

No worries steve and not aimed at you.

Ridiculous the time it has taken for the appraisal licence to be issued, I have no doubts that it will be issued, but when is any ones guess based on past history with Tanzania and it makes you wonder how much is linked to the 25 year development licence? Still Hradnose posted a link on aex to the Zubairs who have at least set up their new company in Tanzania it seems.
http://www.arapetroleum.com/about-apt/

You are right, solo are in a much stronger current cash position than Aminex and they need the licence and farmout to complete to get their first cash payment from the Zubairs of $3.5 million.

Meanwhile back at the solo raunch, will we here somthing on the sale of Reef and M&A before the Tanzanian licence?

And lets be clear here to ensure there is no misleading, this is in specific reference to Helim-1 drilling forecast for drilling the back end of the year, SOLO hold a little over 13% of the assets

The primary drill to appraise solo's 25% holding of the 763 BCF 2C + the 900 odd BCF additional discovery section of the drill is fully funded for the 2019 drilling.

Dear Bunny, please forget about the eggs, they are full of sugar and are not good for my waistline, can you please provide an appraisal licence for Mtwara instead.

Many thanks, oh this Easter and not next!

From the Company, I thought I would ask the question directly.

IPO is still very much one of the funding routes being considered by He1 presently. The timing and format of a proposed IPO is clearly dependent on many factors including market conditions.

The “drill for equity” option referred to in the strategy update is not an alternative funding solution to proposed IPO but rather one that runs in parallel to provide funding optionality.

Hopefully that provides the clarification you are seeking.

So it seems they are still keepin the IPO door open.

+1 CP & AA Kejoglo's agenda is adequately revealed for exactly what is by that post.

Take note readers and do your own research.

whoops sorry about that, bad job with the research links.

https://www.malcysblog.com/2019/04/oil-price-block-reabold-aaog-solo-gkp-and-finally/

http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-plc-corporate-presentation-march-2019.pdf

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SOLO&ArticleCode=bpgfq5a5&ArticleHeadline=Strategy_Update

I would suggest a little research is in order, lets stick to some facts shall we.

Some useful links below, strong cash position and fully funded for the primary 2019 appraisal drill - DYOR

Do have a look at the New Board of Directors, New Management team and New strategy when you get a moment, you might realise it bears very little resemblance to the NR days of old except for a couple of the decent primary assets.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SOLO&ArticleCode=bpgfq5a5&ArticleHeadline=Strategy_Update

http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-plc-corporate-presentation-march-2019.pdf

https://www.malcysblog.com/2019/04/oil-price-block-reabold-aaog-solo-gkp-and-finally/