Member Info for cperkin

It's an option Drewky, but the offer has got to be good enough or go with production is the message.

I seriously hope that solo fund the $15 million for first production. $15 million cost outlay for $12 million a year gross revenue @ 40 scuffs - seems like a no brainer to me Drewky.

I completely agree Jetty. Events have overtaken where we were just over a week ago and with a clear de-risked path to production and an initial 40 scuffs and $12 million a year income for a cost of $15 million (if provided through a major bank) then it's a no brainer for me and gets 100% of my support.

https://youtu.be/g3iu21SHXfo?t=143

Thanks to jupiternmars

Thanks Jupiter

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

It would be approx. 100 barrels per day to SOLO, lets say 355 days a year to allow for maintenance =35,500 barrels a year to solo @$70 per barrel = just under $2.5 million gross and about $1.7 million profit.

We are a long way from those numbers with the testing so far though.

I quite agree Crusty, however I am looking forward to "accelerate the development of the Ntorya project" which by definition will create news flow at each stage.

Come on the operator, lets see delivery ;)

"Today's announcement emphasises our firm belief in the Aminex portfolio and in Tanzania, where the Zubair Corporation group of companies has existing business interests and enjoys strong relationships and an excellent reputation. We look forward to continuing to work with Aminex and the Tanzanian government to help bring forward development of this nationally important asset."
Sultan Al-Ghaithi

lol reaction, as someone who takes an interest across a wide range of LSE BB shares I can safely say that this is one of the least ramped AIM BB's on the whole of the LSE and anyone that tells you otherwise is a pure liar.

Think they are confusing P0werplay with "Cozy" Powell

Reminds me of a song by Inner circle chris.

Bad boys, bad boys, what ya gonna do, what you gonna do when they come for you ;)

They started the engine yet ;)

PMSL

Bent as a nine Bob note Chris, just add it to the FCA collection, L2 screen shots ;)

Many thanks for the analysis Stonefold and a very interesting development @ DOR. Are there consolidation moves afoot between the players of HorseHill?

Thats the total Jetty, so solo have just under 10%

Sorry Jetty, was otherwise engaged. I think it is impossible to value at this stage since if it is declared commercial then the risked NAV will be very significant based on the only the Portland and the CPR recently completed detailing 32 million barrels most likely OIP calculated by Xodus in 2017.

Massively undervalued as we have been saying for some time. Ruvuma + Horse Hill at proven flow rates to date from both. If Horse Hill continues to flow as is and is proved comercial, that is 2 significant proven commercial assets on the books.

These are only the initial rates Mr J so the competition is not over yet ;)

"Flow has not yet been optimised for maximum sustainable flow rates"

Based on the below, Christoffmcd with 360 bopd is currently in first place V 352 reported today, well done so far Chris!

Guess the average sustained Portland flow rate over the full test period, no justifications required and no judgements from others, a guess for fun no less!
fjones40 - 564 bopd
shirleyfraser - 563 bopd
willowpillow - 489 bopd
Mikha -472 bobp
steve58 - 450 bopd
reaction - 422 bopd
spartan_ - 421 bopd
Deanosbooty -399 bopd
BD - 385 bopd
Christoffmcd -360 bopd
SKY-RIDER - 323 bopd
cperkin -323 bopd.
Hoofharted. -311 bopd
trrime - 300 bopd
Mr_Bezzer - 251 bopd
FROGLEGS - 224 bopd
4Rok - 175 bopd

Initial Portland well "clean-up" phase completed successfully
·    Light sweet crude oil (36 API) and associated solution gas flowed sustainably via pump and natural flow to surface over a 4-day period to date. Oil contains no metered water content (i.e. "dry oil")
·    Metered daily oil rates to date equal to or exceed 2016 values. Highest observed hourly rate equivalent to an implied daily rate of 352 barrels of oil per day ("bopd"). Corresponding metered solution gas volumes are up to an implied rate of 30,000 cu ft per day.
·    Flow has not yet been optimised for maximum sustainable flow rates
·    First tanker containing 214 barrels of dry oil exported to BP's Hamble oil terminal
·    Initial analysis indicates well productivity unaffected by 2 year shut-in period since 2016
·    Following a planned 24-hour shut in (i.e. pressure build-up test) the first of three planned Portland test sequences will commence