Member Info for cperkin

Exactly, the current market cap values solos 25% of the appraised 2 TCF as £0 - ridiculous! risked NAV of approx. $130 to £150 million. So the current market cap covers bugger all. You could argue without a licence 100% risk is applied and $0 Value, but that would suggest a probability of 0% for the licence when in fact I would guess @ nearer 90 to 99% probability. A joke valuation and or a walk down to aid a buy out. Can only be one or the other? Important that shareholders are prepared to vote NO in case of the second scenario.

"Let’s hope they are not gagged when we enter the room".... As long as their hands are tied when we leave, we can forgo the Gags ;)

Very surprised at the transparency to be honest BD? Is this a turning point in the BOD and shareholder communications?

Imminent ;-P

Anything it would seem to divert attention from the prize. Keep focused folks, like it or not if the Zubairs had not stepped in when they did Aminex would still be waiting to drill NT-2 never mind C-1 and with the licence lapsed you could argue Aminex would be dead. As it happens the Zubairs are stepping up again to take more of the asset(s) "The Company continues to be in advanced discussions for a farm-out transaction at Ruvuma, including the Ntorya appraisal area, with an affiliate of the Zubair Corporation, as announced on 21 March 2018." Notice the word INCLUDING Ntroya. Good luck all.

Mr J, I refer you to my earlier post where your questions were answered in full. Right, not spending anymore time on this BB tonight, enjoy whats left of the evening.

Exactly matherdj that is the next step, an EGM pending an unsatifactory outcome to the meeting and AGM of course.

Mr J, the meeting will be conducted within the FCA regulations and as such any matters discussed and any communication post meeting will meet those regulations in full. The bod have at this stage 1.0 Agreed the time and place of the meeting 2.0 The agenda items. 3.0 The Attendees. Any modification to the above will require the meeting date and time to be re-set and agreed with all parties concerned. If this is not good enough for you then feel free to organise an alternative and I will cancel my holiday booking. Mrs P is not best pleased as it is, so someone will be happy at least.

Sorry been very busy with work and family. I of course offer the same as BD and am prepared to step aside, but have booked and am prepared to give up a day of my personal holiday allowance in order to represent and seek the necessary actions to the agenda items agreed on this BB. The fact that the BOD are prepared to meet a small delegation of shareholders during a closed period is in fact quite extraordinarily and I see this as a statement that they are prepared to listen. We of course want action and not ears and failing a satisfactory outcome to the agenda items published on this BB in time for the AGM then our message is that we will provide proof of holdings and call an EGM. (you are welcome to organize Mr J) Either way all shareholders get to vote on the AGM resolutions and any EGM resolutions if required. Under no circumstance will the BOD nor the Nomad allow the meeting to be recorded. Certainly the Nomad will keep a copy of a transcript of the meeting but I do not believe they will make this public. We will appoint our own minute taker and will provide feedback. NOTE: The company have already informed us that no price sensitive information will be divulged during the meeting and the Company is in a closed period. https://www.fca.org.uk/markets/market-abuse/regulation-mar/closed-periods-preliminary-results Best of luck all and again thanks for giving up your time, rallying the shareholders and organising BD.

I remember so many moons ago watching the new apprentice or YOPS/YTS being sent downstairs to the Engineering stores for a bucket of steam or a long weight (wait) Kind of feels the same DPL! Still solo are in a closed period right now and that means...you guessed it...we wait :-P

lol gg the jam was all yours and came from you...YOUR JAM! The RNS's tell you all you need to know regards the current SP, perhaps if you stop attempting to put words into other peoples post and stick on topic this board might be a little better for all. Toodle-pip.

Not suggesting anything I simply made a statemnet about the ridiculous statement regarding Jam. The rest is all your very own fantasy it would seem.

"Jam tomorrow" Is the most ridiculous knock back, the whole of Western civilization monetary policy and indeed the stock markets is based on nothing else, hence national debt and the ability to borrow against the future. Good luck holders

Sorry missed one, last told average production from KN-1 = 3 Scuffs, based on well closure, pressure build up and run @ 10 Scuffs and repeat.

Hi DPLS, waiting for the below. 1.0 Farmout conclusion @ Aminex - advanced stages.- Values solo's 25% + as JV partner impact of deal. 2.0 Licence to drill and or 25 year development licence 3.0 Rig Tender due @ end of this Month - drill is planned for second half of year pending rig availability 4.0 Horse Hill O&G authority licence. 5.0 Laughing gas is Nitrous oxide and not Helium - IPO due this summer. 6.0 SLEEP - Yawn! Good luck

3p without a licence and farmout seems about right. Post farmout and licence however is what Malcy's 10p was referring to. Farmout + licence + rig tender (which closes by the end of the month) Good luck.

Mr J only 1.5 million of the 5 million loan has reported as been used to date and the recent placing of 2 million should mean that providing NR has his hands tied and not able to buy anything, then enough operational cash to see through to year end, bar C1 drill costs of course. Worth remebering the below imo from Malcy. Going back to Malcy and his 2018 bucket list "If I were Jay or his major backers I would buy the asset back in and make the fortune they deserve, if not somebody else might well! It stays in the bucket list on value and takeover prospects." Followed by his march update "Aminex announces that Eclipse Investments, part of shareholder Zubair Group, may farm-into the Ntorya appraisal area, those who read my AEX comments in the bucket list will know that this is not unexpected!" JUst have to wait for the conclusion of the above and one question for NR & Co is as 25% holder of that PSA and the JV agreement, what does that mean for solo?

Going back to Malcy and his 2018 bucket list "If I were Jay or his major backers I would buy the asset back in and make the fortune they deserve, if not somebody else might well�It stays in the bucket list on value and takeover prospects." Followed by his march update "Aminex announces that Eclipse Investments, part of shareholder Zubair Group, may farm-into the Ntorya appraisal area, those who read my AEX comments in the bucket list will know that this is not unexpected�" So by assuming that the Zubairs conclude the current �advanced discussions� then indeed a % of the PSA will be in private hands and locked up? Guess this helps deal with the "someone else" issue and provides the cash for development. Anything that allows Mousey the watering can that Mousey doth deserve is good ;) Good luck all.

Hola! Good news and thanks again BD for organising, it should be a very interesting meeting to say the least! Good luck all

Count me in please Crusty. C