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Could be a Canton nominee acting for someone else, who knows. In any case interesting to see someone, ie C Knott or else, building a stake. I remain of the same idea ie have a stake at 0.15 and I’m very pleased with progress in Indonesia and look forward to the final flows and possible new CAV deals.

out

Very good RNS imo. So in October BTN1/4/14 have averaged almost 100bopd. I really like also the statements around BTN3 well completed and maintenance initiative this month to improve uptime so that we exceed our taget production rate of 150 bpod gross.

agree miker the volume has picked up the last couple of days, I personally think that the shares could have a massive rally if the bpod is at least 150. Let's wait and see but as mentioned before at least now we have a very good chance with this asset and our partners are already impressed with the team on the ground which will inevitably open the doors for other low risk assets to be worked over.

Thanks cperkin, I have a large holding already and don’t want to miss the open offer which I will definitely take up in full. As mentioned a few times this has the potential, clearly no certainty, to ten bag over a year or two on the back of transformational deals like the one announced in the same fashion as RRE, where I looked at the shares just above £1 and eventually bought only at £8. Gneiss and top management in both and these opportunities don’t come around frequently and I don’t want to make the same mistake twice.

As anyone got an idea of when we should see some further information regarding the open offer with publication of the Admission Document to allow existing shareholders the opportunity to invest on the same terms as new institutional investors?

For me:
(A) 6
(B) 10
Thanks

No idea where this could open but from similar very accretive deals from RRE translated into 100-200% upside. The lower the mcap to start the larger the upside once it relists, my pure guess is that we will settle around 6-7 to start, but with other deals coming and if also our 2 old key assets deliver this will just be the start on a journey to mid cap. To the long term holders i say, forget SOLO, Scirocco is a brand new company with a completely new mission, key board members and advisors with an incredible future ahead. This deal will allow self funding and future deals as witnessed at RRE hence the 20,000 bpod target. Let’s enjoy the journey

malcy concluded his blog yesterday saying: With the longer term ambitions of producing 20,000 b/d in the next five years holders should also see significant upside to come. Solo has delivered on the promise and I expect plenty more where this came from, Gneiss work you might say…..
Time will tell but with Gneiss as advisors since March 2019 and its founder Jon Fitzpatrick on our board, there is a likelihood that these deals will continue and we may be a Rockrose mark II. Malcy pointed out the Gneiss connection vis a vis Rockrose when the stock was just above £1 and is now £18, there is no certainty but I'm banking of the same potential here and when we come back from suspension at double the price imo, any pullback will be a top up opportunity for me.

To have been able in very difficult capital markets to raise £24mio in very little time is clearly due to the fact that the institutional investors very much like the hard data provided by RBD on their current assets and use of funds. Time will tell, but I'm buying at these levels.

Superb interview https://www.proactiveinvestors.co.uk/companies/news/904455/solo-oil-plc-now-a--significant-cash-generator---targeting-20000-boepd-in-5-years-904455.html remember what RRE did and what the current MCAP is with 20,000 bpod, time will tell but that's the ambition here. I'm in for the long run.

This is another RRE in the making, remember it started its journey at £1 and is not at £18 not including pay outs.

Must admit that I can’t understand the first RNS at all seeing this one.

Wow truly transformational deal, very happy to be suspended and we should be able to participate to raise at same terms as institutional investors. 5 year target 20,000bpoe, superb.

Just out, very good news.

Must admit that it's incredibly frustrating that there is always something going wrong with Zen, basically from the start. It will be a long wait until we have news on C30 results, much more patience required.

100 bpod, sounds good to me time to add rather than sell if you hold your nerves

Asian investor on board, getting interesting.

Looks truly as the game changer for ADL, got a large position here but really think that at present the price is very attractive for medium term investors. Let’s wait patiently a bit more but this could turn very quickly if they deliver.

Fully agree resource, been here since day one and it has definitely been a long journey, but there is light at the end of the tunnel. They found 15m of pay, let’s see what we get but even a low 100bpod, clearly hope for more, will do me .... as C30 next with even better potential and so on. The wait is also over and this is finally getting truly exciting.