The degree of negativity from some when you consider that solo are on the edge of declaring a commercial oil find in hh a deal on an already proven commercial discovery in Tanzania to add to a well that is already producing.
Ruvuma is a massive project reaction, 5TCF of gas GIIP and 2 TCF proven, 2 large wells drilled and a 3rd to come around year end + the gas pipeline to the processing plant.
I don't suppose the collapse in the Oil and Gas sector helped much and the resulting years between drills 1 & 2 in Tanzania but with the large Omain Zubair corporation taking over 50% of the asset and becoming the operator I fully expect it to speed up here on in. 40 Scuffs by Jan 2020 and 140 scuffs target.
Not sure about any octopus but they do show a total of 8 wells on the full field development plan.
RE: Highlights - last weeks interview22 Jul 2018 11:34
But Kejoglo, all the good news is still to come, although you a right the $20 million per 0.5 TCF deal between Aminex and the Zubairs is good news as is the initial flow testing at Horse Hill.
The rest of your post is just conjecture and opinion
RE: earnings and yields per share ?22 Jul 2018 09:50
lol mousey, the madness of some posters, I might not be a giant but that does not make me short, at least not when I stand next to mousey and share a cracker ;)
Not sure it would cause any delay Tarry, weather permitting of course, since they could easily do that during the rig lead time. That is of course if they are even moving it.
Afternoon willow. Well in my mind its should never have fallen below the 3.5p placing price for more than a few weeks and bearing in mind we have a valuation for Ruvuma last week that makes the asset worth $20 million even without a licence and in addtion the project is de-risked to production, the market cap should not be below this figure based on one asset only.
Yes BG, but solo say sale or funding and are talking to a major bank now the project is de-risked through the Zubairs investment and pledge to production.
I hate to break up the PAID TROLL fest, but you do realise that the Board are not taking any money and have not for the last 3 months but deferring till post monetisation?
RE: earnings and yields per share ?21 Jul 2018 07:36
Morning BG or rather good night BG, oh no I quite agree and that much was always my expectation in terms of the post drill but I still stupidly had the expectation of a back to back drill and more so after the low flow achieved. I just think the company com's around the deferment of NT-3 was poor.
I was still under the impression that C-1 was in the same spot?