Member Info for cperkin

The Company is very pleased to announce that David Sefton and James Berwick have agreed to join the Board.

https://www.investegate.co.uk/rose-petroleum-plc--rose-/rns/update---proposed-board-changes/201903280700192538U/

WDC and now rose.

Congratulations to you and your family Drewky! Enjoy wetting the babies head!

Well lets all hope that the new BOD, New Management team and New strategy can turn it around and provide at least some relief for you long term holders and decent profits for those newer to the share.

I don't disagree with he said a lot, KN-1 production by last Christmas being one of them!

Sorry dunder but we are not all O&G experts like you claim to be, we poor investors have to rely on what the "Professionals" tell us to a certain extent and I am not going to apologise yet again.

Just saying....again

Give it a rest dunder, you are obsessed m8 and acting like a complete troll.
JB said in a video interview that it would be $250K tops and you have been given the link before.

Have a nice day :)

https://mobile.thecitizen.co.tz/news/Massive-infrastructure-investment-in-E-Africa-set-to/2304482-5044356-format-xhtml-simdmbz/index.html

Bonjour Crusty, hope France was good.

Not my figures, the companies, from slide 14 in the new presentation, they are an experiance O&G Bod and Management team.

Yes and the valuation is quite straight forward and in no way over inflated like NR's old broker reports of $100 million and counts for 0 upside, just open market asset valuation.

Ruvuma and Ntorya based on Aminex current deal = £15 million
Kiliwani £ 1million
Helium 1 £3 million
Cash and shares £5 million
They have even taken £4 million off for 10 years NPV G&A

Leaving a value of £19 million V market cap of 9 million.

The old Board are gone, the old Managent team are gone, the old dilutive strategy of NR - gone.

Finally managed to read it all and impressed.

If you read nothing else, then start with the current summary on slide 14 and notice the current gap in the chart "other assets" Interested to see how they intend to fill it and through what type of M&A structure.

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

GL

Hi Drewks, yes maybe I was not clear, C-1 pad has been ready for some time, I was talking about the targets over the current production licence over Kiliwani.

lol pics that should be, they might as well be using picks the speed they are moving ;0)

Fix KN-1 Max and prepare the next well in that licence area,thats what they should be concentrating on Max, those things they can do whilst they wait for the Gov to issue a licence over Mtawa.

Other than a couple of picks, fluid lifting and the valve fix, we have no idea of their forward plan to perforate or when they expect to do so, thats all we need to hear, the plan.

Not just the board but the whole team, none of the old guard are left at all. Take their seconded operations manager form GNEISS energy for example.

In 2012, Doug joined Ophir Energy, where he managed their ?agship asset in Tanzania, at a time when the company drilled up the major resource base to support the onshore terrestrial LNG development. The culmination of his commercial efforts in Tanzania was the divestment of 50% of the remaining stake in the project for 1.3 billion USD to Pavilion Energy.

I

Looks like they were still loading it at 07:00, here it is John.

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

Conclusion1, if It was undervalued back then then it is even more so now?

Conclusion 2 No one here is any good at pumping or perhaps they are not even pumping at all but dealing with facts.

First time I have put a strong buy here for over a year.

https://bit.ly/2FseNOL

Solo starts at 46 mins

https://bit.ly/2FseNOL

Solo starts at 46 mins, a link that is well worth the listen imo.

thx to EB

It's completely new other than by name and a couple of the Primary assets. All the other NR purchases are being disposed of as were all the old management team.

Cash Rich, Asset Rich, New Bod and Management team, leveraging Gneiss M&A, financing, Tax and contacts
The 50:30:20 strategy sounds like a perfect balanced portfolio.

Looking forward to some M&A whilst we wait for Tanzanian to sort its self out.

Resources are considered recoverable reserves if they can be developed with reasonable certainty from a given date under current economic conditions, $60 per barrel gross?

Whilst everybody waits for the Tanzanian Gov to issue a licence with terms that are agreeable to all parties I am at least happy that the Zubairs again, confirm their commitment to the farmout, there is surely nothing else for the BOD to do but progress KN-1?

Get on with it Aminex and report on progress (# embarisng pace of progress)

Well WEN are certainly ramping up their cheap PR by using linkedin to publish pics of vistits to Tanzania, shame the Bod here can't do the same, despite them having similar meetings with the minister. Is it just the AIM listing or poor BOD PR here?

Pleanty of activity at least which bodes well for all.