Member Info for cperkin

Oil pushes higher after steep US inventories drop

https://twitter.com/FT/status/1011985273067106310

But Mr J we have 3 potential drills in the second half of 2018

Horse Hill second well if flow tests confirm current well commercial.
Helium-1 drilling
Ruvuma basin Drill to increase the current 2TCF

Yes, Kejoglo, there has not been a major event here since the last drill and the 18.5p high reached in April 2017 and before that the previous drill and spike. Seems to be a drill driven increase and decrease in Share price, so well done on predicting the non drill drop.

However on the flip side we are waiting for the Operator Farm out to conclude along with a licence and rig tender to then announce the next drill event.

So to be clear even during a major drilling event you still expect the SP to keep going lower or only got to what price exactly?

I don't like to try and predict market prices myself, especially with Farmout negotiations ongoing with the companies largest asset. Waited this long, happy to wait a bit longer (suits me) and divert any UKOG profits over here.

Good luck.

http://www.proactiveinvestors.co.uk/companies/stocktube/9718/all-eyes-on-kimmeridge-flow-rates-as-horse-hill-testing-gets-underway-9718.html

Not my bullet points Mr J just what has been communicated by SOLO and Aminex BOD via RNS as per their plans.

Well the good news lignumvitae is that there is NO fund raise short term as per the below.

If you are a shareholder and have not listened to the recording of the meeting, then please email;

chrisj@buchanan.uk.com

For example 10 minutes in.

" Are the board happy at the AGM to state that till monetisation @ Ruvuma happens no future purchases of existing or new assets will take place" (sic)

Answer - "I believe so and part of what will be put forward at the AGM"

Just press F5 to refresh the screen Kenrun

Indeed, we have no idea what they are doing behind the scenes or what impact the current negotiations between the Tanzanian Government, the Omains and Aminex will have on solo and all during a closed period for the company.

Still at least he jumped straight in with a £590,000 purchase @ 3.5p The BOD hold a lot of shares between them.

Waiting for the operators of those assets to deliver like the rest of us?

Manipulated down, anyone would think an RNS had been logged.

GL

So the choices are

No Farmout or licence and SP tanks and Western business will pull out of Tanzania as will the Omani's who are waiting to build a massive Fertaliser factory amongst other things.
or

Farmout + licence = rerate north

Think I will hold onto my shares, thanks all the same.

Looks like you were spot on with your 08:55 post Drewky, surprise!

The new platform works much better, deleting abusive posts but maintain the thread.

Much appreciated.

It will help Joe but I think you will have to wait for Ruvuma, the proven contingent resources with the first 2 wells drilled are after all 10 times the size of Horse Hill to SOLO

Hope they like Porridge willow ;)

Lets see now, dropped 12% yesterday on no news, very little volume but the logging of an RNS? Very suspect, lets see what they do today.

Solo Oil plc (LSE AIM: SOLO) is pleased to announce that it has been informed by Horse Hill Developments Ltd ("HHDL"), the operator of the Horse Hill-1 ("HH-1") Kimmeridge Limestone 3 ("KL3"), KL4 and Portland oil discovery, that planned flow testing operations of HH-1 have commenced. All key equipment necessary to carry out a 150-day long-term extended flow test campaign at HH-1 is now on site. The Company holds a 9.75% beneficial interest in licence PEDL137 containing the HH-1 oil discovery.

Following final equipment set-up and the subsequent removal of three temporary suspension plugs in the HH-1 wellbore, flow will first be re-established from the Portland sandstone oil pool. Testing of each of the KL4 and KL3 oil pools will follow completion of the Portland test sequence.

https://www.investegate.co.uk/solo-oil-plc--solo-/rns/production-flow-test-operations---horse-hill-1/201806270700036733S/

Mr J, It's a tender process that Aminex are in charge of, as in who makes the best bid to aminex for the rig. Clearly if no contract then no drill. But I think everything is interdependent on the farm out negotiations and the 25 year development licence, dont you?

You thought it was bad @ aminex Drewky, a walk in the park compared with the solo BB, big resources at stake at both either way.