Member Info for cperkin

Jokers to the left of me and jokers to the right of me.....

Morning all. I agree Tarry, I have no doubts at this stage that the BOD will hit their 5.5p target based only on Cobre and Leigh Creek. In the meantime they are going to be drilling the highly prospective resources @ HC and the Mount, you only need a couple of holes to come in with decent results to shake this up. Good luck holders!

24% of the placing shares, large volume day.

If only there was a farm out and a 25 year development licence issued.....

4,285,714 Times 3 today. As at the date of this announcement, the Company's issued share capital consists of 459,453,669 ordinary shares with a nominal value of 0.2p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 459,453,669. The above figure of 459,453,669 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

OK, don't feel so bad, from the annual report. Notwithstanding that the 2017 Reserves and Resources Audit Report is now re-classifying the originally reported Contingent Resources as 2P Reserves, albeit with a lower recoverable volume, the Press Release of July 5, 2017 should have included some additional disclosure describing possible uncertainties as at that date that may have resulted in the Contingent Resources ultimately not being recovered/classed as 2P reserves.

I had to check but fair point Crusty I read it and worse recorded it wrong, 2P it is. The Aminex presentation uses a 6:1 conversion rate.

Certainly no issue with the proven assets trrime. Here is an interesting comparison. SDX MCAP 100 million Proven Reserves 2C = 13.5 MMBOE SOLO MCAP 14 Million Proven Reserves 2C = 31 MMBOE 2 C

Blimey trrime, you are a brave investor! 7p would be a free carry on a free carry for me...if only! Hope you get the holiday Mr J and trrime your commitment pays off!

Depend where you sit, but 7p it would start to get exciting trrime.

:)

Good news from Wentworth today as they announce that the TPDC has authorised payment of $3.1m for gas sales from Mnazi Bay, payment is expected �shortly�. Other good news is that the March Mnazi Bay gross production volumes are 83 MMscf/d, the highest ever. WRL was very close to bucket list inclusion but i�m sure that will happen when the new management has settled in. With a new CEO who will hopefully start sometime this quarter, and a new CFO whom I had a useful conversation with this morning being backed up by Geoff Bury who is still on board and of course Bob McBean the team is still very strong. www.malcysblog.com/2018/04/oil-price-savannah-petroleum-wentworth-resources-providence-and-finally/

Yes maybe the wrong term, Buchanan or placing shares?

Bed & ISA or Buchanan?

Not if the RNS is to be believed willow "It is expected that the Solo shares will be admitted to trading on or around the 15 March and under the terms of the SPA, Primorus will not trade in Solo shares for a period of at least 45 days from completion."

I can only agree Crusty, like I say the fall back position or BATNA for Aminex is a placing & open offer, which for the drill is no big amount or issue, if the 35k pipe needs to be included in the budget, then we are playing a different ball game.

About inline with NR's secret brokers note prior to the CPR upgrade then Crusty. I am still not convinced that if an offer is made by the Zubairs it won't be for a larger discount to risked NAV maybe 40%? Still any figure above �15 million would give a boost here!

Changing the subject due to the overwhelming feeling of love on the BB. If the Farm out is concluded with Aminex and the Zubair corp, anyone hazard a guess at the likely value equivalent for solo's 25%?

BDS-1 said 90% the other week willow so 91%

Well the Aminex annual report is due before the end of the month and I am sure they will have the details to announce for the AGM vote, so maybe not this week steve, but any time in the next 2 or 3