Member Info for Early_Bird

Agree probably the worst move CEO could have taken.

No financing deal still.. warrants 1 for 1 at near placing price

If they had farm in partner why not get them on board to limit SH dilution? This would be way over 3 or4p if they farmed out half for free carry on the first drill.

One ive been watching and suffice to say not touching until financing or if financing ever lands

26mins in:

https://bit.ly/2FJagJu

I agree here with Justin on the potential here. I can see this igniting and taking off perhaps maybe after the next few deals as the market may take a while to fully grasp the offering here....

BIDS will be one of the largest real estate owners worldwide across any platform in 12-24months time - CEO James said this himself when he was interviewed.

Put a value on that.... you are looking at hundreds of millions.

The key underpinning it all is that its fully funded. Great chance to get involved at the base of potentially one of the most exciting stories on AIM currently.

:)

MMs have zero stock :)

Good Write up here:

https://bit.ly/2VTKBUc

Soon I think the fun begins

SOLO actually have two huge discoveries under their belt yet are priced way less than companies who have nothing but a gnats piss chance of finding smaller net prospects. = opportunity and market will wake up at some point

Fantastic.

This is now well and truly a takeover target. The fact its funded this year means the Risk v Reward is second to none and as said previously a great hedge to oil stocks

Finally some PR!

13mins:

https://bit.ly/2slUIDu

added here.

fully funded for '19 and is disrupting in one of the biggest growing "in vogue" markets of today

feels strength in the background. Seller gone too..

Takeover offers.

This next few months when the permit lands we could well see some bid offers come in given this is the largest lowest cost new Nickel mine due to come onstream in the next few years.

Not one to be trading. Lombard who were selling and pulling the price down to hugely oversold levels have now stopped.

Could well be the share of 2019. Not one to play silly buggers with, clear floor in at 1.8p, upside is 20-40p. Funded for 2019 with £7m cash.

Also this is a great hedge to most AIM PFs which are heavily oil geared. In 5 years time some are predicting no more internal combustion engines will be sold – what will that mean for the oil industry! And this is all driven by huge transportation cost savings that EVs will provide. S-curve technology adoption. Interesting times!

For comparison that amount of contingent oil eq the same as if AAOG hit all the layers in TLP103 including the Djeno...

its more than 5 times UJO hope to hit (net) in their upcoming drills...

.. SOLO have already discovered it!

Ruvuma:

760bcf 2C Contingent Gross (130mmboe) discovered resource through two successful exploration & appraisal wells NT1 & NT1.

Ntorya-1 drilled in 2012, Ntorya-2 drilled in 2017 both successfully tested gas with flow rates of 20 MMscf/d (3400boepd) and 17 MMscf/d (2900boepd) respectively.
NT2 flow tests: "78% of the flow was coming from two metres on the upper part of the perforations...attributes this to the ineffectiveness of the clean-up of the well. The Operator expects a higher deliverability during development"

The next step is to drill Chikumbi-1 which is targeted for Q1/Q2 2019. Drill pad already constructed and rig tendering complete. All now awaiting final Licence and Aminex farm in (TODAY) then should move quickly as the rainy reason ends.

The primary target of Chikumbi-1 is a deeper Jurassic prospect but the well will appraise the Ntorya gas discovery and will be used as a producer. This well is targeting 1.3TCF P50 Prospective Gross (200mmboe).

SOLO hold a 25% stake in this project which equates to 30mmbol net 2C Contingent that flows 3000beopd and a further 50mmbol net prospective upside that C-1 is targeting and will be put in to production if a success.

The net cost of the C-1 drill to SOLO is £3.2m.

…………………………………………………………………………………………………………..

In addition….

SOLO are fully funded throughout all of 2019, have very low overheads (less than £500k pa)

Current Cash position is £5m with a further £2m in UKOG shares @current SP.

SOLO also have a £2.8m (13%) stake in Helium-one which is due to drill Q1 2019 and targeting to list in London around a similar time. Estimated production revenues from Helium-1 are between $150 to $600 million per year once in production with an estimated production target of 2020

Kiliwani North K1 remediation also in progress and currently flow testing. Based on previous flows could mean between $121,000 to $243,000 per month to SOLOs 8.3% stake.

Directors recently put in £260k at 2.25p and hold 10% of the company.

MCap £11m…..

SOLO looking stupidly cheap

Indeed, there was no reason for the recent SP decline from 2.3p other than a couple of distressed sellers which have now dried up.

Big things coming this month

£4m MCap here if you take off cash/UKOG shares

for that you get:

25% Ruvuma: 120mmboe (30mmboe net) 2C that flowed 3000boepd in both NT1 and NT2 drills. Spud C-1 (NT3) appraisal/production well due in H1 2019 (all fully funded). Licence and Farm out news due which should then mean this asset starts to get priced in the SP again by the market. An asset that is proven, and can throw off $billions in cashflow.

£2.8m (13%) stake in Helium-one drilling H1 2019 + IPO

8.4% KN-1 remediation in progress, historically flowed 2500beopd pre 2018. News on this likely Early Jan IMO. If a success then would cover all SOLO overheads + G&A. Further explo upside here also being discussed.

Over ask being peppered in to close.

Someone got wind of something?

Cant wait for Jan to kick off

:-)

Im expecting a big move here starting in January as I think a few pieces of the new jigsaw will start to come together.

My largest holding and for good reason.

anyone notice the constant tiny little sell trades have stopped? something/someone has been manipulating the price for months here on a daily basis. Algo or MM being paid, something fishy.

if the manipulation suddenly stops perhaps they have wind of something... perhaps.. ;)

Could be huge reversal coming here