Member Info for Early_Bird

Across the whole of AIM.

Day 1 of many to come.

Well done those holding this wee gem

and on the risers board.

clear bounce of 1.4p line few times now. Looks like thats the bottom in these markets which is basically valuation of cash.

Cannot wait for next month here.

As said few weeks back, If you are in companies that require fund-raise in the next 3 or so months, may be time to reassess those positions. 12months cash minimum for me.
Going to be lots of companies struggling to raise at the moment + lots will be on vapours in this period.

With SOLO here we have £7m in cash and ukog shares, Cash burn (admin, G&A): £500k pa, directors having taken their 2018 salaries in shares at 2.25p back in August.

Exposure to Nat Gas and Helium, both doing very well.

25% in Ruvuma (180bcf 2C) flows 3000boepd, C1 spud H1 19.
£2.8m in Helium one
8.4% KN1
£9m cap

Directors confirmed funded for all 2019 commitments.

Big things coming. This is a rare company on AIM, funded for the next 12 months with some huge catalysts along the way.

£2m Cap if you take off cash

for that you get:

25% Ruvuma: 30mmboe 2C that flows 3000boepd. Spud C-1 appraisal/production H1 2019

£2.8m stake in Helium-one drilling H1 2019 + IPO

8.4% KN-1 remediation in progress, historically flowed 2500beopd pre 2018

Im very much looking forward to January here. Got a good gut feeling all the stars will start to align and some pretty life changing gains from these levels could be made.

Got to be in it to win it.

Mms need to tick it up

As are Helium prices.

The two commodities we have exposure too doing v well yet SP at all time lows = opportunity.

£2m Cap if you take off cash/UKOG shares

for that you get:

25% Ruvuma: 30mmboe 2C that flowed 3000boepd in both NT1 and NT2 drills. Spud C-1 (NT3) appraisal/production well in H1 2019. Licence and Farm out news due which should then mean this asset starts to get priced in the SP again by the market. Bolt on $20m or £16m on to the current Mcap pretty much instantly when the licence lands (which could be any time).

£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.

"Really easy money for market makers reloading the asks out there. Stale bulls and blown up bulls cannot soak up the pressure- shareprice drops- next level of panic happens- shareprice drops- IF you can pick the right stock and good news lands. There should be some gr8 risers."

Quite agree...

As you say its quite easy to track the trades back to an account. Are you on twitter?

worth email the FCA to look in to

100% agree have also observed the same and have been watching markets for many years. There is a coordinated effort here to manipulate the share price lower. BOD are aware and investigating to my knowledge.

Caddy, doesnt help that AIM as a whole is down 25% since October. Most stocks are lower.

Add that to:

Brexit uncertainty, people are now risk averse in general protecting capital.
Trade wars
People selling to cover CGT gains from last year (always this time of year)
Ex beaufort holders getting keys back selling for cash
Leveraged traders unwinding positions at any cost.

Things will bounce here as well as wider AIM.

Id say SOLO is one of the safest bets at this level on smallcap AIM given its cash position (70% of Mcap) and huge already derisked assets. Many AIM companies that will require fundraising the next 2-3 months could really struggle.

And another:

https://bit.ly/2S6gjet

"Solo Oil is advancing Tanzania interests with laser focus"

Try this link:

https://bit.ly/2EoM9PH

**************************************/articles/solo-oil-advances-tanzanian-projects-as-energy-sector-continues-to-attract-investment-4b19a77/

The net cost of C-1 to SOLO's 25% stake is £3.2m.

So thats easily covered.

Most gas wells will have liquid loading occur at some point
during the productive life of the well. When this occurs, a
common course of action to improve gas flow includes:

Shutting–in the well to allow bottom hole pressure to
increase,

Swabbing the well to remove accumulated fluids,

Venting the well to the atmosphere (well blowdown),

Installing an artificial lift system.

Fully funded for all 2019 including all drilling commitments & G&A.

Note Aminex RNS where:

Chikumbi-1 drilling and 3D seismic programmes progressed and drilling rig selected

Kiliwani North-1 remediation work ongoing - gas flowed to plant and data being analysed

Areas for future 3D seismic surveys identified with intent to progress low cost prospects in both Kiliwani North and Nyuni

Time for SP to start reflecting some fairer value!

Prize Asset 25% Owned Ruvuma: 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.

2 discoveries already in the bag with 30mmboe net contingent resource..

C-1 drill due Q2 2019 which if a success will be used as a production well, targetting further 150-200mmboe gross.

Net cost of C-1 to SOLO is £3.2m.

£7m cash +ukog shares, no debt.

£2.8m in Helium-one (13% stake) due to drill Q1 2019 and list on London exchange

8.3% KN-1 previously flowed at 2500boped gross, currently under going remediation with additional option for perforating lower layers to re stimulate flow. If success would cover all company running costs, admin & overheads.

£9m cap

Expecting a general update from Helium-one before the new year, timelines of their drilling and IPO dates/plans as well as their updated CPR which is currently being worked on.

Kiliwani North remediation news, get this back online and it is significant as SOLO being lean would be cashflow positive (gross).

Personally hoping for UKOG shares sale confirmation and confirmation of the updated cash balance which should be in the order of £7m by my calculations.

Ruvuma licence could land any time and this will really put a rocket up the SP. Currently Ruvuma isnt priced here at all, neither is Kiliwani.. Indeed Ruvuma farmout could also land here, if on similar terms to AEX would be multiple of current SP

One of top 5% performers on aim yesterday.

More of the same today.