Member Info for Early_Bird

Must admit I hadnt even included its 30% stake in the Isle of Wight in my valuation!

It looks like a corker too... http://www.solooil.co.uk/our-portfolio/europe/uk/isle-of-wight.aspx

go to10mins 20seconds here: https://t.co/4LiTUcBXQS

Stephen (UKOG CEO) flagging it to be drilled next year. Was keen to mention it isnt all about HH as they have the isle of wight project which is exciting in its own right. (UKOG own 65%, SOLO own 30%)

So low risk as is also a previous discovery that wasnt tested and about the size of Wick or Colter. And to be drilled next year. Amazing as a 30% stake in Wick or Colter is in the ballpark about £8-10m on the Mcap alone though (very rough) extrapolations.

Basically here you get 25% stake in Ruvuma for free at these levels and some.

its v clear many havent actually read it at all...

Fantastic comprehensive set of interims, worth reading all the guidance/footnotes

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SOLO&ArticleCode=le2l6rwc&ArticleHeadline=Halfyear_Report

the thing with investing is you dont invest on previous management and previous action. You invest on the now and the future... and looking at the now and future here is about as good as you can get from current MCap

(assuming it is SOLO are selling UKOG. but DL himself says it is)

Yesterdays sell off here was one of the most irrational things ive seen on the markets in a while given the strong position SOLO is in vs pretty much most companies on AIM.

Not many will have Cash 70% of the Mcap and such a tiny cash burn for starters!

Ruvuma news here and its going to get very exciting :)

Spot on.

UKOG at £110m Mcap is just a huge valuation. I really hope SOLO sell out and walk off with their £5m in the back pocket. To me if you want to play the Weald Basin then ANGS is the more attractive of the two given Brockham, production licence and one quarter of the Mcap.

Lenigas being bitter about SOLO selling UKOG is totally unprofessional. As you say good job Ritson has gone as DL used to control him like a puppet.

Noone can argue with cold hard cash. £7-8m here in due course with tiny a lean cash burn means SOLO is incredibly well placed to capitalise on opportunities out there.

Option is there also (as stated in the interims) that SOLO may entirely sell their stake in Ruvuma as well....that in itself could mean we wind up with significantly more cash than current Mcap... to the tune of double.

all these trolls start crowing as soon as SP dips (when there is a mass market sell off).

Added 400k shares here today in two tranches - so thanks for that.

Facts are this company is now near 75% cash (upon completion of ukog shares being sold)

no debt

new management who are aligned and very bullish

Management recently bought £265k of shares at 2.25p

25% stake in Ruvuma, with big appraisal drill due Q4E. This is no tin pot asset when Zubairs are paying AEX $40m to earn in 50%. Two previous positive drill results both flowing circa 3000boepd

£2.5m stake in Helium one at pre ipo level, due to ipo next year in Aus - BOD could always find a buyer for this before then..

over 8% stake in Kiliwani north which is being reperforated this Q and being put back in to production. If back to 15 scuffs would be eq to near 200boepd net to solo

management have just bought £265k ofshares at 2.25p (10% higher than current)

SOLO management is new.

SOLO management have hinted at special divi for shareholders

gone are the ritson days

no debt

£7.5m in cash (once ukog shares are fully sold)

25% in Ruvuma gas discovery (Worth $20m if you extrapolate AEX farm in)

£2.5m stake in Helium-1 at pre IPO (due to IPO on asx in 2019)

8% of Kiliwani north (due to be re perforated and re producing Q4)

Yet someone still selling... (poor sods)

Do yourselves a favour and step away form the computer.

UKOG news is great for us... SOLO soon to have neat £8m in cold hard cash!

Buy op!

Do yourselves a favour and step away from the computer.

Added.

at pretty much the lowest ever SP

Clear these distressed sellers and we're away

confirmation they are indeed dumping UKOG shares... fantastic! hopefully turn all of that £4.5m in to cash asap... then will have near £8m in the coffers at near £12m cap

MMs showing a faux bid for some reason..

Some people selling at pretty much all time lows this morning must be pretty desperate! just defies all logic. £3m cash, £4,5m in UKOG shares (hopefully liquidating asap in to cash also), 25% of probably one of the best gas discoveries on aim in recent times, £2.5m in Helium one, 8.6% Kiliwani north.

£13m cap... not only that but new management, no debt - no more death spiral, and management have been buying shares here at this level to the tune of £265k. That aint punt money for anyone folks....

Read H1 results, well worth re-reading. Some hints are given... this is time shareholders get some return back (about time too for all you long suffering ones).

Time and time again you see loads piling out at the bottom of SP cycle and the same lot pile in at the top.

"Price is what you pay, value is what you get" - Warren Buffet
"Buy when others are fearful, sell when others are greedy" - Warren Buffet

Every little helps.. good stuff

• £14m cap
• New Management Team
• Recent Director Buys (£265k @ current SP) / Aligned
• Debt free / No more death spiral
• £3m cash (Recent placing and OO)
• £4.5m value UKOG shares @ current SP
• £2.5m value in Helium-one (based on last funding round)
• £15m value from 25% Stake in Ruvuma gas discovery (#AEX recently farmout out 50% for $40m). Rumuma is the flagship asset. Includes 2 x large discoveries than both flowed around 20mmcf (3400boepd).
• 7% stake In Kiliwani North

Total direct current value £25m vs £14m Mcap.

Rumuma is the flagship asset. Includes 2 x large discoveries than each flowed around 20mmcf (3400boepd). Aminex recently farmout out 50% of their stake for $40m leaving them with a fully carried 25% stake and have MCap £65m. Ruvuma is their flagship asset (food for thought)..

Q4 Catalysts:

• Ruvuma: spudding of CH-1 (Funded from existing cash/UKOG shares). 750bcf (120mmbol eq) and is a lower risk appraisal to be put in to initial 40mmcf production (6700boepd).
• Ruvuma: possible sale of stake or full sale (if on same terms as AEX expect rerate).
• Liquidation of UKOG shares through upcoming Kimmeridge Testing.
• Kiliwani North re-commence gas production
• Helium-one commence drilling / aim to list on ASX 2019

ask looking light now.. bodes well

http://horizonteminerals.com/090518_HZM_on_Vox_Markets_Podcast.mp3

welcome mate