Member Info for cperkin

It is matherdj, but it might help if you feed domestic demand and your own peoples needs from cheap onshore gas whilst the longer term development and infrastructure for LNG is built. Even the GOV's very own GAMP report pretty much suggest the same.

I think it's good news, it sends a clear message to the Gov for the benefit of those remaining, if you want to develop your country and meet your GDP targets, you need power and you need a more transparent and faster decision tree. Funding does not seem to be the issue with the unspent budget + World bank funding so the issue is clearly Government decision making & implementation. Bulldoze it and get on with it!

About time the Gov sat up and put their listening ears on, Exon is shouting loud and clear. The Bulldozer needs to get Bulldozing in his own back yard it seems, never mind elsewhere.

or.. A Game of Mousetrap! - - sorry Irish ;)

A Glorious Message (RNS)

Well we just increased our holding of HHDL by another 5% so once the flow testing starts it should get some kind of a kick!

Thanks Crusty, similar to what I was thinking. Of course if BB had have come in for UKOG with oil, the probabilities might look different. Still, I expect a crane will be onsite soon and they can get testing.

Arabs Got Money - Aminex Get Money?

I also think the back end of 2019 would be the earliest to see production from the 3 wells, more likely he year after based on past experiance, although gas demand could very well outstrip supply next year. Horse Hill, if commercial is likely to be in production before, if 300 barrels per day is the result, then 30 of those are Solo's and according to the RNS would provide $30 profit per barrel, so around $250,000 per year profit. Crustyanyone they quote a 30 million barrels in place, what would you expect the recovery to be from this % wise?

It all depends on if it comes with a licence and which licence, appraisal or 25 year development licence? I have my own figure in mind and have seen a range of guesses on the Aminex BB from $1 Million per % to $5 million per % With a market cap here of less than £12 million any offer (if made) in that range is going to be very positive for solo. Something is always worth the price last paid after all.

As much as any other Main listed company trrime. The Zubairs have poured in Millions of $ into Aminex and Ruvuma and we wait to see what they offer this time and what they get in return from the Tanzanian Gov. I am sure the negotiations are both delicate and high stakes. I will make my judgement when we see an offer and how many $ per % of Ruvuma is made. $1million per % values solos @ $25million, 1.5 Million per % = $37.5 million value to Solo etc. I am keeping an open mind for now trrime

Soon see when they start selling them both here and at UKOG I suppose Crusty. For me its all a side show to the main event with Aminex and the Zubairs....a very welcome one indeed ;-)

See they just converted £750,000 @ UKOG this morning to add to their US$116,168 from solo yesterday. Looks like they are locked and loaded for flow testing then.

Africa Gas Massive

Well it flowed for 325 bopd for it's short 8.5 hour test previously, so about right. Guess we will find out when they flow test it.

For the first zone in the Portland I think trrime, the Kimmeridge is far less certain. The pump they are using has a max stroke of 475 bopd so 300 to 475 max would be my expectation..

Angry General meeting Another Government modification All getting Mullered Another general meander A great Management - haha for the haters!

Agree Chris and the last buy just went through @ 2.68p well above the 2.5p ask, what a crock of S***

Looks like the nasty MM's have opened the spread and dropped the BID for a single trade of £272 against the other 6 trades between 2.49 and 2.50...surprise!

"there is not even speculative buys (that would cause the sp to rise) going on!" Well except for whomever it is that keeps buying 500,000 shares @ a time since the 5th of June, nice and slow and steady so as not to spike it to 3p again as happened around the 5th.