Member Info for cperkin

Maybe, we will see the Mtwara licence extension this week as this will allow AEX to then release their farmout circular.

Fingers, feathers toes & claws crossed ;)

Waits patiently for the read across.

lol BG very glad to hear it, I must take my tin foil hat off for a moment :)

Please present your evidence as you seem to suggest these are facts?

Expect a licence, farmout and carry to production soon ;)

As always, many thanks Jonny and if the case not long to wait at all then.

Seems to me that the presentation is the warm up act for the Circular which would suggest that the Mtwara licence extension BG mentioned is close?

I hate waiting for buses!

Kim testing underway with pump running and flare stack active apparently.

Solo's 234,042,221 UKOG shares worth £4,622,334 at current price or 34% of current solo market cap.

Almost a repeat of Friday in terms of SP movement and that ended up with a £57K buy that was being worked all day wonder if we are in for the same then?

The figures include the carry of $35 million so represent 75% costs to ARA, or am I missing something StoneFold?

Fair point BG, thats one RNS that I eagerly await then!

Hope not BG, I thought they could still release the circular though with just the vote would be dependent on the licence extension. Hey ho, a little longer

willow the Omani's (the new operator - forget Aminex they no longer run the show post farmout) are not going to spend $107 million if they do not have assurance from the Gov that this will be in production from 2020.

A few Key reasons Willow.

1.0 The Resources are massive - 5TCF GIIP @ Ruvuma
2.0 Production from Jan 2020 with $10 to $12 million earnings minimum in the first year
3.0 The Zubairs are the new operator and committed to $107 Million spend (UKOG are only funded to 2019)
4.0 The EPS makes full field development self funding.

Joe they would be self funding, EPS at a minimum of 40 Million scuffs generates $10 to $12 million in earnings for solo, each well has a cost of $5 million per 25% holding.

lol Joe, I expect solo will have sold part or all of Ruvuma way before then, most probably post the next well C-1. If solo were to keep all the 25% (I think it's unlikely but they could) then the production from the EPS would finance the remaining wells anyway.

1st year production at the low end of 40 million scuffs generates $10 to $12 Million, solo's cost of each well is only $5 Million.

http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

Where is that circular?

Soon be spud o-clock 🥔🥔🥔🥔🥔🥔🥔🥔 8 spuds all in a row - 1 for each day that ticks of as we go

Give or take a spud or two ;)

That circular is due, red dot o-clock maybe.