RE: Assets15 Jun 2018 18:41
Exactly the same Jetty.
HH could well be confirmed as comercial at the end of the extended flow testing and the reserves moved to P with full production from at least one well as early as next year and with 9.75% of HH belonging to SOLO that is around 3.2 million barrels of oil in place for the Portland only.
As for Ruvuma, which is by far for me the main attraction, it is calculated that solo currently own over 30 million barrels of Oil Equivalent with their 25% share of the proven reserves with the 2 drills so far. It is also possible that this could be in production during 2019 earliest, although the year after might be more probable. The other key point is that if the 25 year development lands then the resourses move from 2C to 2P and wold be reflected in the market cap.
Aminex Farmout, licence and Rig contract* (*due at he end of this month)
Waiting for them buses!
Good luck all!