Member Info for cperkin

Well other than the CH-1 drill NR says solo are fully funded till year end Frank, so it may well no be as bleak as you say. The Aminex/Zubair farm out and Horse Hill might provide some short term relief and upside, depending on if and how many millions are offered by the Zubairs and of course the flow rates @ HH. fingers crossed.

You are posting on the AEX board that the results and KN-1 will have a bad impact there and so here, worse than already. do you rally think so?

On a more serious note, testing was supposed to start in March but was delayed due to UKOG delays at the BB site. Surely that rig should be ready for Horse Hill and testing start next week? I honestly expected the rig last weekend? steve, I think they will let KN-1 trickle till they can't recover anymore, although Aminex still claim to be looking for the right kit? Pretty much written off in the SP both here and at AEX though imo.

Ramping again Jonsey? still more delays mean cheaper share price.... ;-P

trrime, at 8p I would probably top slice, depending on near term news after.

You mean for solo's full 25% trrime? 8p would be a market cap of 36.7 Million. I would be looking for a little more myself.

There is quite a range of guesses as to the $ per % valuation based on any farmout deal with the Zubair corp steve. Yesterday on the AEX board they were between $1.25 Million per % to up to $10 million per % with many plugging $3 to $4 million per % point of the Ruvuma PSA. $3 Million per % would value solos 25% @ $75 million Either way it will be good to see a value on the asset here based on any farm out deal concluded between Aminex and the Zubair corp.

Really, do SOLO own 25% of the Ruvuma PSA - YES - Do they own any of Aminex - NO

trrime, they are not purchasing any shares or any % of the company so they do not go over the takeover threshold.

I understand your point trrime, however the Zubair corp already own just under 30% of Aminex today and it seems likely that the 25 year licence, the C-1 drill and EPS development are dependent on current funding so at this stage it makes sense to both the Zubair corporation and for Aminex to finance the next stage.

Most certainly they would if that were the case Kej. Aminex and solo would have to announce such a price sensitive outcome if the licence is refused or issued. I am a firm beliver that the licence will be issued and that is not my primary concern at all at this stage. The Aminex Farm out with the Zubairs is the catalyst to get all the parts moving imo.

Agree Crusty, I wonder though that with the size of the first 2 wells + flow rates + condensate, do they really need all 3 to off set the costs of the pipeline or is C1 (NT-3) and it's deeper and multiple targets something a little more?

They have been very clear that C-1 is not dependent on the 25 year development licence but not if the 25 year development licence is dependent on C-1?

Likewise Bluff and good luck.

Thats more like it, looks like they are getting the well head ready. https://twitter.com/WealdOilers/status/986152457385504768

I can see it pushing 30p near term, despite the extraction issues the resource base has not changed. Good luck folks

Potential acquisition of a 50% interest in the Icacos field - Trinidad Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update about the potential acquisition of a 50% interest in the Icacos field, in the South West Peninsula of Trinidad ("SWP"). The Company currently holds a 50% non-operated interest in the Icacos Field, via its subsidiary Leni Trinidad Limited ("LTL"). The other joint venture partner is Touchstone Exploration Inc ("Touchstone"), via its subsidiary Primera Oil and Gas Limited ("Primera") who holds a 50% interest and is operator. The Company and Touchstone have agreed, in principle, for LTL to acquire Primera's 50% interest in the Icacos field. Upon completion of the transaction, LTL will be the 100% owner of the Icacos field and Operator. Whilst the transaction is still subject to a definitive sale and purchase agreement and certain regulatory approvals, the Company is confident it can work with Touchstone to complete the relevant paperwork and take over operatorship in Q2 2018. The consideration for the transaction is USD$500,000 (the "Minimum Payment") for Primera's current net 11 bopd. However, LTL will not pay any upfront consideration for the purchase but will pay the consideration over time until 1 January 2021 through Primera receiving the net revenue it would have received had it retained its interest. Primera will also receive, in the event of increased production, 25% of any net revenue above the current baseline. Should these cumulative payments not exceed the Minimum Payment, LTL will pay the difference between the amount received and the Minimum Payment. LTL shall be entitled to 100% of all revenue from Icacos from 1 January 2021.

Just run the numbers and he is down �134,000 on his share purchases which is almost exactly the previous year salary including share options.

True MR P, however he is still underwater on all his share purchases.

Even Neil Ritson with his last purchase of 3,000,000 @ 3.75p is under water willow....for now.