Member Info for reaction

Will we get the heads up from T.P.D.C next week or will heads roll. LOL.
Will the Solo board monetise the Ntorya field ? It seems to me there are companies out there prepared not to be the operator and who love Gas. On shore and close to infrastructure is compelling. imo
https://www.ippmedia.com/en/business/shell-chief-says-dar-has-best-psa-natural-gas-monetization

Aminex are the operator and Neil Ritson was just as entitled to guess at things like Jay and the rest of us.

"COME ON SOLO" "COME ON T.P.D.C".

Great buying opportunity as things stand. Hope this farm out is one of those that goes to goal. We would then have a new operator more than willing and able to push this FFD forward. It's a steal for the Zubs and great business for Solo. Think the Zubs just want to know they will be guaranteed production. Will it all happen or not is any ones guess.
And there in lies the rub Kejoglo we are all just guessing."Exciting"
A strong buy for me. Not for all though. Fair enough. You pays your penny and takes your pick.

Not all farm outs go to goal. Jay has given his best guess on things.( Makes him look foolish though. He should just be patient like the rest of us and await the confirmations various). But I wonder what plans they have been working on should the farm out not happen. As a Solo share holder I really do want it to happen though. I think the deal is excellent for Solo oil. Patients that's what Jay needs, unless of course he has market sensitive information that he is not sharing with us all. Jay like the rest of us will know soon enough or not at a guess.

Won't be long now. Should be very soon. A matter of time that's all. Think the operator Aminex are nearly at the end of the Garden path now. GLA.
On a serious note I hope for the Sake of Solo they are going to spud the well soon. Hope we have still got lots of shares in UK and not been manoeuvred in to selling to early. I hate this world !

http://www.ukogplc.com/ul/UKOG%202018%20CPR%20060618.pdf

In the event of a Portland discovery at Arreton North, that demonstrates similar reservoir parameters to the
HH-1 oil discovery, a water re-injection scheme could be implemented to provide pressure support and
improve sweep-efficiency in the field’s early productive life. It is reasonable to expect a material increment in
overall oil recovery. Based on work carried out for HH-1, the successful implementation of such a scheme
could lead to the recovery of an additional 8-12% of STOIIP, which based on current estimates of STOIIP, as
shown in Table 7.8, could be equivalent to a further 0.3 – 7.2 MMbbl of gross recoverable oil.
As the Arreton North Portland Limestone reservoir is separated from the Arreton Main reservoir by a fault,
the recoverable volumes are classified as Prospective Resources. A geological chance of success (COS)
was determined, using a Rose-style risking and taking into account that the play has been completely derisked
via the discovery made by the Arreton-2 well. Xodus considered that minor risks remain for the
undrilled prospects, specifically:
> Source: particularly maturation and volumes generated are not deemed to be a risk, given the highquality
source rock in the area and the proven charge from Arreton-2.
> Timing/Migration: while highly likely, we cannot categorical regard the presence of an effective
migration pathway into each prospect.
> Reservoir: while presence is highly likely, we cannot conclude that either it’s presence or quality is
absolute prior to drilling.
> Closure: a small risk has been placed on the reliability of the mapping, and in particular the depth
conversion.
> Containment: risked according to the presence of faults. As the prospects are undrilled, certainty
around the effectiveness of lateral seal against the faults and as such preservation from spill cannot
be guaranteed.
Based upon these criteria, risks are determined to be small and accordingly a high chance of success for
each element has been chosen. Combined, this calculates an overall COS for the Arreton North prospect of
69%

30% Isle of white to Solo oil. Believed to be bigger than Horse hill by some. A fantastic read across. Shares in UKOG.
25% of a "SUPER GIANT GAS FIELD" in Tanzania.

It is great to note that the companies resolve to PROTECT are investment in our 25% of Ruvuma has been strengthened by many multiples. Their awake ! GOOD !

In fact as DPLSOLO qite rightly states you could say 36p. mmm. That is one long shadow. A bit of a trek. But if that is what Neil could do then sky's the limit.
Looking forward to seeing this unfold now it is hands of business men.

Neil Ritson wasn't even a business man ( no offence intended and is actually more of a business man than I will ever be). A fantastic geologist. It must never be forgotten that even with his gross ineptitude he managed 20p a share equivalent pre consolidation. The new guys are said to be top flight and have pulled of amazing deals. Let us see if they can do it again. How long will they have to walk in the shadow of Neil an his 20p I wonder.

"NO PRESSURE"

Turn the valve back on :) after all it was turned off easily enough !
"COME ON SOLO"

Well N/R drew the line in the sand at just over a penny a share in old money during his time. That's a smidgen over 20p a share in new money.
Hope our pension pots and life savings do well for all under the new BODS. 20p a share that has to be the first step, and then we see what these guys can do from there.
There has been dilution since but the vast improvement in the proven assets way off sets that imo.
Have we done the right thing with the H/H stake that N/R left us time will tell. Let's get over that 20p in the first instance and see what the future brings. Should be a soft target, it only takes us back to base. GLA.

Yes Steve58 that is how I see our share of PEDL 331 also. However imo the chance of success and oil in place must have increased due to the success at horse hill. Our share of this low cost drill remains at 30% of course. Some people believe and myself amongst them that the IOW is bigger than Horse Hill. GL

An application was made jointly with UK Oil and Gas Investments plc ("UKOG") for a 200 square kilometre onshore block in the south and central portion of the Isle of Wight in the UK 14th Landward Licensing Round. Solo holds a 30% working interest in the joint venture and in the licence, PEDL 331.

Based on work by UKOG, and confirmed by independent work by Solo, Arreton-2, originally drilled in 1974 by the Gas Council, but never tested, is now considered to be an oil discovery on the Arreton Main Field. When taken together with the adjacent prospects Xodus has calculated a P50 gross oil in place estimate of 219 mmbbls in conventional reservoirs within the Purbeck, Portland and Inferior Oolite limestone reservoirs at Arreton. Arreton Main is considered by Xodus to contain most likely (P50) contingent resource net to Solo's interest in PEDL 331 of 4.7 mmbbls.

UKOG has become operator of PEDL 331 and has commenced discussions with the local planning authorities and land owners and expects to seek regulatory consents to appraise the Arreton Main oil discovery in the coming years.

In 2014, the Company acquired a 10% interest in a special purpose company, Horse Hill Developments Limited ("HHDL"), which became the operator and 65% interest holder in two Petroleum Exploration and Development Licences, PEDL 137 and 246, in the northern Weald Basin between Gatwick Airport and London. PEDL 137 covers 99.29 square kilometres (24,525 acres) to the north of Gatwick Airport in Surrey. PEDL 246 covers an area of 43.58 square kilometres (10,769 acres) and lies immediately adjacent and to the east of PEDL 137.

This is so frustrating just waiting for that RNS from the operator at Horse Hill to drop. As soon as they declare the first zone Portland to be commercial I believe all the SPs of all companies involved with H/H will go into orbit. It will be straight to negotiated trade across the board for all the partners imo. You won't be able to buy in for love nor money so to speak. Beyond that should we meet with further success with the kimmeridge then we shall all need a lie down. We haven't even started Isle of white yet with 30% to Solo. Deep breaths could drop any time now. From that moment on we will never look back. The biggest decisions for Solo will be where to invest the income monies generated from Horse Hill. Come on Mr Sanderson release it. Please. "COME ON SOLO"

So glad we backed the BODS last year and now have more of Horse Hill. Fantastic call BODS. The EWT continues. All chugging along very well. Very pleased by the decisions to increase our % on this one. Don't always agree but this does look to have hit the "BULLSEYE" ! Looks as though the Portland alone at Horse Hill could cover our G&A with out the Kims. The read across to the IOW must be very positive,especially with 30% to Solo.
Keep up the good work BODS.
p.s I do of course hold you in complete and utter contempt for not having gotten things 100% correct all of the time.
UNFORGIVABLE ! LOL.

UKOG the operator confirm a larger pump has been ordered to complete the Portland EWT. Clearly this is larger than most anticipated. GLA.

The pump is not big enough !!!!!!!!!!!!!!!!!
"COME ON SOLO"

No Kejoglo I will not keep quiet that you may have free rein to deramp peoples investments. You would like that wouldn't you. Anyway what on earth is all this nonsense about logic and reasoned observations. Kej this is the stock market in particular AIM. There is no logic. There is no rhyme or reason. I think your passing is going to be hard. No I do not believe you and I have already filled my boots because averaging down is part of the program it is what we do. Just allow for the MM going a lot lower than you evidently thought they would/could. MM will go down to practically zero if necessary. It really is a crooked terrible world you know. And there in lies the rub ! you didn't know that about the world did you. Logic ! Reason ! observations and balanced viewpoints. For goodness sake Kejoglo. this is the stock market. I would stop investing any more money if I were you. you will be telling us all that life isn't fair next. What on earth are youdoing buying shares I will never know. Stumbled into it imo.
"COME ON SOLO"