Member Info for cperkin

Apparently another full load of oil left this morning

https://twitter.com/WealdOilers/status/1020262705712771074

Sorry my mistake on the 3D, the Zubairs of course pay $5 million.

The costings he lays out in the video are in fact very interesting, so in summary.

The total for the C-1 drill will be $20 million and Solo's & Aminex both contributing the equivalent of $5million and the Zubairs $10 million
The EPS (including the pipeline) = $30 million and solo & Aminex both contributing the equivalent of $7.5 million
3D seismic over the complete Ruvuma basin = $10 million with solo & Aminex both contributing the equivalent of $2.5 million and the Zubairs $10 million.

So SOLO's total cost to production of 40 scuffs including 3D (not needed for current production) = $15 million for first year earnings of $12 million.

I hope solo do not farm down and get the bank loan from a major bank as indicated and go for the initial production rates and initial $12 million annual earnings which will then fund the development of the other wells to reach the 140 scuffs and $35 million per year earnings.

Cost details below.

https://youtu.be/cntSwqspHDQ?t=69

Much the same thing in my book and we clearly have both in one here folks, a double act of desperation it seems.

Never any facts about the share or current developmments just clown words of sadness and desperation, quick to dig at indicidual posters, all the halmarks of an on line Troll no less - pathetic realy.

Poor clown :( they are often very sad and have to put make up on to try to disguise a smile.

Now shall we talk about the $110 miilion commited by the Zubairs into the Ruvuma asset that solo own 25% of - oh no best not, the clown gets sad and it's very inconvenient.

Shall we talk about te current flow rates @ Horse Hill - oh know best not the clown gets sad and it's all to inconvenient.

Oh wel, how about the production plan to 40 scuffs and the $12 million a year earnings for solo...oh no lets not it makes the clown sad.

Seriously the clowns balls are so big it thinks it can come onto a BB where it is not invested and dictate what investors can or can not post.

LAUGHABLE - that is the only good things about clowns they make you laugh :)

You might as well split your teabag and peer deeply into the cup as listen to some of the CLOWN predictions being made by some on this BB with their hot air and drama words.

Don't listen to the bull, do your own research and make your decision based on facts.

You might find the below more useful and factual. The media are all from this week and last.

https://www.youtube.com/watch?v=g3iu21SHXfo

https://www.youtube.com/watch?v=CGh03ErAxpM

http://www.lse.co.uk/media/exclusive-aminex-ceo-says-institutions-are-delighted-with-zubair-farm-out-terms.html

Good luck :)

At this stage I would only consider the last CPR and the OIP for the Portland and thats still to be proven, hence the EWT, encouraging results so far though as for the kim, like I said earlier all to be appraised and unproven to date.

Mousey you have been here a lot longer than me taking the risk for potential reward so I can only imagine how you feel and I was not dishing the question at all, it was a very good one and I think the conclusion is the TPDC are not interested without the Zubairs. Lets see how long it takes to get things moving....all of a sudden.

Still not raining here either :)

It was a step out to test the extent of the basin, a step out too far though by the looks of the result, maybe a little over ambitious and greedy?

Oh and willow, never tell anyone what you have invested, it's none of their business and they certainly don't want to know for YOUR benefit!

Don't dish the Portland Willow, it looks like it could be commercial bread and butter for all the companies involved, the Kim is unknown for now but yes, it could be far bigger.

Good for you Willow, only be swayed by assets and the current facts, stick to your plan all the time it makes sense and don't be swayed by posters who offer nothing in terms of valid research.

No way on this earth will it get voted down in my opinion. The deck was shuffled when the Zubairs bought up 29 odd % of the company and the cards have been dealt, regardless of how you feel about it and I have already made my feelings clear.

I resign myself to waiting for the accelerated development plan to be delivered and of course the delivery of the C-1 drill and the secondary liquids target.

Most welcome steve, hopefuly all shareholders get to benefit at the end of the day, certainly it has been a long wait for good news and traction but I confess to feeling very positive about the events in the second half of this year, Horse Hill and Ruvuma and maybe Helium as well.

NR was looking worn out in previous interviews and you could sense the relief & change in this one and I am also glad that shareholders will continue to benefit from his technical skills.

Big Dave cant half ramp but it does not mean that his opinion should be disregarded, just look at Horse Hill and the conviction that has got HorseHill developments to this stage and the edge of comerciality, as for the Government, who knows what they will do, whatever gets them the most votes I suppose but with a running deficit way behind plan to be paid off it must have some appeal.

I agree steve, I think the Zubairs and Aminex have given him exactly what he needed and coupled with him stepping down this year the second half looks to be shaping up to be a very good one for solo and it's shareholders :0

Of course the fact the trolls are working overtime tells me everything else I need to know, laughable!

Sorry first link did not work, try this.

http://www.proactiveinvestors.co.uk/companies/stocktube/9905/solo-oil-s-neil-ritson-on-horse-hill-ruvuma-and-plans-to-refresh-the-team

For anyone that missed it, including the MM's ;)

http://www.proactiveinvestors.co.uk/companies/stocktube/9905/solo-oil-s-neil-ritson-on-horse-hill-ruvuma-and-plans-to-refresh-the-team

https://www.youtube.com/watch?v=CGh03ErAxpM

I get your point skinny and you are right 2019 is possible for HH production, I just meant not to get too far ahead based on the flow rates so far, it is still very early days of testing, but you are right 2 wells is the initial target should the first be proved comercial.

If anyone is likely to buy solo's share, surely it is the Zubairs?

He is certainly bullish Jetty and he is not a CLOWN ;)

https://www.youtube.com/watch?v=CGh03ErAxpM