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Fair value here vs peers...

and here we are sub 4p! Not for much longer... when we break 4.5p here I can see a big rerate

Frankly ludicrous price down here (thanks to seller) with FS landing this month. Looks like market waking up, seller not there atm.. replace that seller with a buyer and this could really go nuts the next few months. 15-20p fair value.

agree and this price wont be around forever. A distressed seller been squashing the book here for weeks.

UKOG is plagued by UK legislation and NIMBY's which is geared against it....

You have 4.5% of something that is projected to flow 3500boepd or 25% of something that is on a production plan to increase to 10,000boepd+

Great presentation to give a better understanding of Ruvuma and the beast both AEX and SOLO are sitting on.

Remember $15m of AEX's $35m carry is to initial minimum 40mmcf production with the remaining $20m for additional drills to take them to over 100MMcf (15k boepd).

Amazing companies on AIM who have 0 oil or gas just pure explorers are valued higher than SOLO when the prospects theyre drilling are smaller too!

Value disconnect here is huge

which ticked us blue... someone mopping up the weak

Have good weekend folks

good posting.

Added 200k today on this mornings dip in 50k tranches :)

Wise words

dont look a gift horse in the mouth ;)

"BOD now aligned."

"currently in the midst of a key transitional period"

"generate value for all our shareholders"

"Solo's balance sheet is healthy and provides the company with optionality and flexibility with regards to near-term operational commitments and commercial negotiations. "

"Whilst Aminex's transaction and subsequent valuation achieved is independent of Solo's own monetisation process, it does directly impact the attractiveness of the project for potential industry partners given the strength of the new operator and its ability to move the project forward through the development phase. Solo is considering all of its options with regards to its 25% in the project, including a more aggressive marketing strategy as the company seeks to complete a partial or full sale of its interest. Aminex's farmout represents a major event for Solo and provides a much clearer route to monetisation of our core investment. Whilst timelines and likely outcomes remain unpredictable at present, Solo's Board is wholly confident that it will realise significant value from its historic investment in the project when the opportunity arrives. The Board has put in place a strategy to protect its interest in Ruvuma, including being able to fund its share of costs assuming the associated 3D seismic programme and drilling of the Chikumbi-1 well occur prior to any monetisation event. "

"Possible special dividend"

Im extremely excited about the sheer value on offer with this share. Lets see what this new board can achieve - they seem very confident!

Same when I was loading ARCM (OTC) at 2.3p not so long ago bashers were all out in force all over the BB as it (OTC) had been a historic dog lots just wanted to let rip their frustrations without wanting to accept the current situation was in fact very positive and different. New management there + new focus has turned the ship around +100 to 200% already and see huge further upside there.

Parallels to here and I notice a few wise well researched investors are starting to take position here as they did over there.

Key is to buy low sell high. Timing and research.

Historically SOLO had a death spiral debt financing, Ruvuma was on hold going nowhere, plus questionable management …

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Looking at the situation now, we have new management, no debt / no death spiral financing, £3m cash, £4.5m in extremely liquid UKOG shares, 13% of Helium-one, 7.6% of Kiliwani North which (hopefully) about to be put back in to production, Ruvuma back in action and moving quickly now with production plan (thanks to AEX farming out to new operator), starting with the huge CH-1 drill end of Q4. New directors were happy to load over £260k last week at 2.25p.

Key for me as always is buying a stock at an inflexion point. That for SOLO is now.

Essentially some SHs over at AEX arent happy to have given away 50% of Ruvuma. Certainly low risk farming out for free carry and will reward handsomely over there down the line but first they need to get it through the EGM/vote which should be announced soon. I think Market largely waiting on that. Market also waiting for spud date etc which im sure will land as soon as the deal officially completes.

SOLO no longer the junior patrner, its an equal 25% owner alongside AEX (once deal gets voted through)... SOLO have the option of self funding CH-1 (which is a huge catalyst) and then divesting down the line if they wish... OR they could farm out on the same terms as AEX before. Power is in their hands.

Not sure what budget L2 you have but all looking pretty good to me!

Good news today was waiting for the HH completion so relief to have it land.

To me having 25% stake in Ruvuma, 1.8TCF Pmean and 760bcf 2C that flows strong commercial rates currently valued at near 0 is ludicrous value on offer. You have tiddler exploration copmanies drilling for piddly 3mmbol of F-all valued higher and they havent even hit the black stuff yet!

SOLO used to be valued £50m cap on NT2 discovery and the company is actually in a much stronger position now. Only reason the value disconnect is there is sentiment from previous management and the old death spiral. Both now removed... wont happen over night but itll get there as new management continue to deliver.

Ritson has gone, new management with new strategy putting in £265k of their own money at current SP last week.

not sure theyd be doing that unless they were very sure of big things to come ;)

funny really as every time they do it they just get matched with a much larger buy... just mugging themselves

someone trying to manipulate the price and keep it down with these continuous tiny £10-£90 sell trades.. quite funny tbh

HZM to respond?

sell. Overhang from OO getting churned through.

Directors took £260k ive counted about £500k absorbed since last week so cant be much left.