Member Info for reaction

Looks like they may take it private ? This should be interesting. You can smell the money at work here.

I have already bought plenty imo. Yes it is outrageously cheap imo. I firmly believe that. What really annoys me is the Ntorya field keeps on getting bigger and our sp keeps on getting lower. With regard to keeping ones mouth shut this is a public blog board. Even you can and do come on here with your thoughts and yet by your own admission are not even invested. I am not telling every one else to buy I am merely expressing an opinion. If there should be appetite to take the company private I would certainly be willing to put a solid couple of million shares on the table. If it helped the cause I would buy more. I actually agree with so much of what you say. I think you just get the wrong perception about things /we all do at times. Frankly I just feel that while we are more or less dormant lets cut down the wage bill.
We are just a bunch of trespassers now to all intense and purposes imo. Do I think Solo oil is cheap? yes I bloody well do. That dosn't mean that I am telling you to go out and buy it. I think it should be de-listed. AIM is killing the value of the shareholders assets. Just a quick response and I hope that it makes some sort of sense to you. Although why you bother when these are our concerns not yours is beyond me. If you have come to save me I think you may be to late. Think I might be also. But if there is a taste for an EGM count me in. At least as a private company we may see a more inline valuation. As you say given the history it is valued as is. I don't think the AIM valuation is correct. I as a share holder would like to see us de-list. o.k

Strong buy.

We need to cut back the pay roll / issuing of shares as pay. Solo is more or less a dormant entity any way until the authorities issue a licence. Right now I feel like we are just trespassing on their land. Can't believe we spent hundreds of millions of Dollars with ultimately no right to even be any were near the place. What a complete and total BLOODY mess an absolute SHAMBLES.

0.0875 mid price old money. OUTRAGEOUS ! The assets are now multiples of what they were at 1p. This is not an investment,it is daylight robbery. I think we should think about de-listing. Reduce the BOD down to a skeleton crew and await production / full sale. My shares would certainly back an EGM to de-list.

Somebody keeps taking 500,000 tranches recently. Don't blame them. Come on let's have it. 20 pence first stop. Only 1p per share pre consolidation. The bulk the hard work has been done over the years. Now let's see what the sp can get up to. Aminex and Solo have invested tens and tens of millions here over the years. Lets see at least a portion of that on the sp.

Is another interested party stake building whilst the various inside factions try to take control of the company. All to play for here.

The finance package was the right deal at the right time for the right reasons. As some one once said you can't build a company with bottle tops. Looking forward to tomorrow.

That sounds like a plan. No way this sp should be trawling these depths on licence approval or even before it. We just need the powers that be to create/issue some news to boost the sp before the announcement/suspension. It will be interesting to see what they can come up with ,should be good. Don't think it will be much longer though as they need the gas.

Come on MM lock them out ! They don't deserve to get in on the granting of the licence. Push up fast into suspension.
Many thanks.

Now would be a good time to issue the licence and suspend the stock as they need the gas.. You do not exchange what will be such a high value share on issue of licence for 1.7 pence. I would like to see this come back on after suspension in the mid teens at least.
Cashiers shutter must be about to drop very soon. Don't think even the mates of Solo oil will have the chance get much more.

"COME ON SOLO"

Thank you pboo great work. I hope that was two tankers of Oil and two tankers of waste. I guess there could also have been more that were not spotted.

Hello B2HS2L. That sounds like a good explanation. However I thought they were crude Oil tankers and not waste tankers. Do you happen to know if they had crude Oil plates on the tankers. Or does that not make a difference re: Oil to refinery or waste. Do they use the same tankers then, and plates.

It would be great to get another tanker sighting today. By a lot of accounts we are flowing oil from the Kim. Sooner or latter I believe people will conclude the Oil must be flowing. I just can't think of any other explanation.

If both of the Tankers so far have been to collect legacy Oil Why did they not send in two at around the same time job done. Would they have left that much in storage as opposed to selling it to make some money. Will the next Tanker the 3rd be for legacy Oil ? Hope they are collecting flow test Oil from Kimeridge.

Hope we get another tomorrow. Only a short time has passed but things look pretty positive to me.

http://www.angusenergy.co.uk/what-we-do/brockham-oil-field/

21.04 post First 10% of the warrants at 12.15p.

So we can see that SP will have to be at least 12.15p (minimum) to exercise the warrants for the first draw down to be converted into shares/dilution.
Any future draw downs/warrants to be issued at the previous days closing price. Alternatively we pay the cash settlement figures after 12 months.
I like this deal as the more our SP rises then the less shares issued/less dilution.
If these monies accelerate Angus (I hope for a well conversion as mentioned by P Vonk). I can see Angus earnings going through the roof. Also the SP. I feel they already know this first well is commercial based on the short flow test previously,and taking a read across over the weald basin. I think they put the two week break to good use. Yes the initial flow test was only short but highly productive. This is AIM so nerves of steel. The ability to draw down more is also a good hedge at the 12.15p at this stage if things were not to go the way that we hope. Great to see the BODS thinking ahead as is industry practice or heavens forbid what would we do if we had a duster. So a pretty sensible thing to do I think. If he was not to make contingency plans I and I suspect many others would want to lnow why.
So a variety of complex reasons for the finance. As we see 12.15p to convert that first £1.5 million if YA choose.
I think a very good deal has been done at the right time and for all the right reasons.
Bring on the RNS and we already have the production licence. It's wonderful to see the infighting for the company. Be great to see others from outside of Angus join the fight to take the company. Some how I think they know those flows are good.

"The Noteholders will be granted 3-year Warrants representing 10% of the value of each Advance with the following exercise prices (i) 12.15 pence each for the 1,234,567 Warrants in respect of the Initial Advance; and (ii) the closing price of the Shares on the trading day prior to any further Advance."

Seems to me the BODS are very very happy/confident with the data (they have) with regard progress. So much so that they have decided over a two week pow wow to accelerate the business. The next RNS is going to easily justify the finance here.

RNS could land anytime now.