Member Info for cperkin

Morning Steve, I don't expect we will have any news from Aminex whilst they are in Farmout negotiations with the Zubairs and even when it comes I would expect they will just run the well till natural depletion and concentrate on the development plan for NT-1,2 & 3

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is today providing an update to shareholders on gas sales payments. The Company is pleased to inform shareholders that TPDC has authorised payment for gas sales generated from the Mnazi Bay Concession in Tanzania of $3.1 million net to Wentworth, with funds expected to be received shortly. The Company is also pleased to report that gross production volumes during March 2018 from the Mnazi Bay gas field averaged 83 MMscf/d, the highest monthly volumes achieved from the field to date, continuing the strong production reported for February 2018. The Company will provide a further update at the beginning of May 2018, in line with monthly updates.

+1 thanks Lokash. If I remember correctly a royal delegation from Oman met with the Tanzanian Gov the back end of last year.

No idea Chris, It was posted on this & the AEX board that Statoil were sniffing just prior to the Aminex announcement below. coincidental timing? "Following recent inquiries Aminex advises that it is in discussions with Eclipse Investments LLC ('Eclipse'), which is a related party, regarding a possible farm out of part of its interest in the Ntorya Appraisal Area. Eclipse is a wholly-owned subsidiary of the Zubair Corporation and is the Company's largest shareholder. The Zubair Corporation is one of Oman's leading business groups." Either way the asset is very large and has a near term production development plan. I believe that either way SOLO will be selling part or all post NT-3 I expect we will hear before Aminex publish their year end report in April.

lol Ivor, they certainly have, just about every option thats possible, ranging from the defensive move by Aminex and the Zubair Corp due to aa rumoured 3rd party, right through to the Zubairs funding the development to production by farming in to a complete takeover. We are but observers I guess.

Exactly Ivor. Still as a dual holder, the most interesting development since NT-2 was drilled ;)

Happy Easter Ivor and I hope you don't need to work too hard and get some family/friends time! All eyes on the Zubairs and AEX!

Have a lovely Easter one and all and time to get the show back on the road post VWAP. Enjoy the break!

No, he only suggested a Divi would be an option post full or partial sale of the Ruvuma PSA....whenever that might be.

Oh I think he chooses his words very carefully so as not to be seen to lie in public Mr P.

The development plan published seems to be all about connecting via the spur and into the gas gathering system and the split in 2C reserves "Ntorya Development pending" V "Unclarified" I would say is clue on the expected initial demand through the 8 inch pipe? I agree though vike all guesses without the devlopment plan and IO study.

For me it depends on if the pipeline has to be funded and if so for how many $ NT-3 drill wet and dry cost to solo $4million Recomplete NT-1 & 2 & connect to infrastructure, another $mill to solo? $5 mill all in or a 30% of current mcap? I would e surprised if the zubairs and aminex don't take out solo's 25% before someonelse does.

+1 Vike and I suspect that H-1 will not raise more than the 25 million maybe not even close in which. I hope I am proved wrong of course, meanwhile he values Ruvuma @ $11 million due to the last placing. I only hope the Zubair corp makes an offer to Aminex far in excess of this to rebalance the valuation!

Indeed Chris, it was a NR dilutive curve ball at the time especially since investors were expecting a back to back NT-3 drill. I don't know if he overpaid? guess we will have a better idea if Helium-1 go to IPO in the summer as they have suggested. Either way we are here a year latter and now a second purchase by NR when the Sp was on the bones of it's backside and NT-3 is still not drilled. The Ruvuma asset is the "World class" asset in terms of size of resources but as Kej says, when will we see the value? Post NT-3 according to NR but how long is his post?

I would send a case to the FCA if I thought that transaction was bent Chris, very speculative, yes but bent? Regardles of NR's amzing speculative investments and timing of said investments, Ruvuma PSA is real 2C assets that are currently undergoing a valutaion through a possible farm in by the Zubair corp. Helium will be a long wait and wads more cash before you see any results imo.

I have sent a letter to the CEO but no apology was forthcoming. Congratulations Chris, hope it works out well for you..

Very Prophetic BD1S

Got some @ 3.3p today...wait and see how they do.

Indeed caddy with NR anything is possible, hence the lower sp! All eyes on the farm in deal with the Zubair corp, any deal provides a valuation to solo's assets pre NT-3

Shame ypres you were in profit Feb last year according to your posts, might have been a time to slice? Always hard to judge it though and always tempting to be greedy. Good luck!