Member Info for cperkin

Looks like the perf guns are going on according to Twitter, close to flow testing the Kim @ UKOG if thats the case.

Quite agree Killer, plenty of gas at the ready and the Omanis have the money & connections to bring it into production

workover, thats a first ever here - Aminex and the word quick ;)

I am most certain it will be Ruvuma, as it seems are the Omain Zubair corporation, they seem rather well aligned with Government of Tanzania to say the least.

I consider this good news for Aminex Hex as Aminex have no plans for LNG and are not one of the companies involved. In fact the longer the LNG project is delayed the more Tanzania will need Aminex gas to fuel domestic use.

Tanzania’s liquefied natural gas project suffered another setback this week after President John Magufuli accused the international oil and gas companies of seeking huge profits at the expense of the country’s development.

The companies involved in the LNG project are Shell, Ophir, Pavilion, Statoil and Exon Mobil.

He retierd after the AGM.

Worth £4,856,376 today.

Deputy Minister of energy, Hon. Mgalu Patience today inspected the project of building a network to distribute natural gas in homes

https://twitter.com/TPDCTZ/status/1041654670840815616

A big difference and mainly due to the Ruvuma valuation steve. But I guess thinking about it answers my own question. They have only detailed assets where they have a direct and recent open market valuation (with the exception of KN-1)

$20 million for Ruvuma due to the aminex Zubair deal
$3.5 million for Helium-1 due to the recent per- IPO raise
$6.5 million for the 234,042,221 UKOG shares

So the Kiliwani is the odd one out with no direct read across and a total assigned value of $5.2 million

Nothing for IOW, REEF and Burj

Well they are supposed to drill IOW next year with UKOG?

KN-1 news should be out by the end of the month, so around 10 working days Willow, will be good to know they have some gas flowing again and a little income for solo. I expect it will be low volumes and stop start again till they perforate the deeper section in Q4

Sorry, same Geological structure as Horse Hill with the Portland that should say.

No one else think it's strange that at least the IOW is missing from the NAV calculation? It is after all partly the same geological structure as the Isle of White and the Portland?

"Arreton-2, originally drilled by British Gas in the 1970’s, is now considered to be an oil discovery of the Arreton Main Field. Arreton-2 was never tested, however, modern electric log analysis reveals oil pay in conventional reservoir targets. When taken together with adjacent oil prospects Xodus has calculated a most likely gross oil in place estimate of 219 million barrels (mmbbls) in conventional reservoirs within the Purbeck, Portland and Inferior Oolite limestone. Arreton Main is considered by Xodus to contain most likely contingent resource net to Solo's interest in PEDL 331 of approximately 5 mmbbls."

OIL

Interesting the table on page 4 the unrisked NAV of $31.7 Million does not include;

Solos 30% interest in PEDL 331 on the Isle of White?
Solos 28.56% of Reef?
And of course the 20% of Burj in Nigeria - this one I at least understand

https://www.dropbox.com/s/nduuwx1qs9nlhft/SOLO_OIL_House_Stock_Monetisation_to_the_fore%20130918.pdf?dl=0

cockernhoe, glad "you read what the are an ass" ;) No idea, Monday, next week week after etc. All you can do is wait.

RNS 2898A

"The Company's economic modelling indicates that HH-1 Portland is robustly COMMERCIAL at even the lowest observed sustainable daily rate of 140 bopd and at oil prices below $60 per barrel. A formal Horse Hill Developments Ltd ("HHDL") declaration of Portland commerciality is therefore expected shortly following receipt of Xodus' final connected oil volume analysis."

"Independent oil consultants Xodus Group's ("Xodus") analysis of flow and pressure data interprets that further HH-1 Portland vertical well optimisation could achieve a forecast sustainable initial 24/7 pumped rate of around 362 barrels of oil per day ("bopd")* when full scale long-term production commences, exceeding original estimates. This analysis is key as it establishes the absolute flow potential of the Portland reservoir for future production wells."

Previously flowed @ almost 4 times the current Portland tested flow rate.

:) oh the joy!

The fact is you are just interpreting.

Please quote me the exact point where he says the spud will now be 25 days + 14 to 21 or 46 days according to you.

The RNS stands as the official standpoint, you are interpreting the BOD's words. The RNS clearly states the fact, with no need for interpretation.

Not ever yinvestor will have access or see the interview, the Regulatory news is the official communication. Like I say you are interpreting what has been said.

The RNS stands