Member Info for steve58

Hard to believe over three months since aborted deal.

That was announced last October then a further five months until aborted.

I assume any other possible deals have met a similar fate.

There must be some deal they can do however small at least it would be a start to the promised 20000 bopd equivalent.

The months are ticking by and still nothing.

They will need some mega deals to achieve anywhere near that figure.

The board have in effect spent over a year being paid by way of salary or fees.

IMO not a very good show to say try least.

Not even an update on anything other than just copied from aminex Rns.

Nearly forgot the returned deposit.

Maybe next week then.

Two of our board seem to be working hard over there.

Seems solo are on the back burner at the moment.

As long as our pilot light doesn’t go out.

Maybe our board are spending a lot of chargeable time elsewhere.

I would think block could be a possibility given directors shareholding’s.

Not sure how the 25% would be treated.

If something like that was to happen I can’t see them being very high on the list.

Gas reserves huge. The time taken is definitely a joke.

If and when the fatmout happens take the money and get out.

I certainly dont want to wait another 5 to 10 years for any income here.

Exploration licence only for one year

Applied for production licence in Sept 2017 still waiting.

Probably wont have time to drill before exploration licence expires.

Just a viscous circle. Seems the Tanzania government are doing their best to discourage investment in their countries energy needs.

Does concern me that if we do want to sell the lack of progress may deter a potential buyer.

All well.

Nr is 65 this year so probably taking it easy.

Farmout should be soon.

Board mentioned a while ago about some smaller income producing investments but nothing.

Maybe another big deal in the pipeline although a share suspension is the last thing anyone wants.

Good to sp rising.

Showing 1.40 to buy.

Let’s hope the rises continue.

Morning Chris.

I wonder if nr is still doing any consultancy work for us.

Interesting to know if he still has his 33000000 shares (pre consolidation).

Solo are so undervalued assets worth at least 25 to 30 million if not more.

Once farm out finalised imo a complete sale of Ruvuma.

Helium one not too sure on that one.

Have a good day.

Not today then.

Must be soon.

Evening Chris.

Have averaged down recently.

Need around 11p to break even.

Only £70m mc.

I’m sure if the aborted deal had gone through and gas prices had held up we would have been there already.

Evening chris.

Garden needed it.

Second truss in flower in greenhouse.

I was hoping the warm weather would continue but rain was welcome albeit not much.

I still think the board will sell it all as the waiting for licences etc is taking years instead of months.

Have a good weekend.

I certainly hope for some news or update next week.

Markets marching onwards and upwards.

I agree totally out of our control.

But solo have basically delivered nothing in 9 years.

I have been in since the reef days about 8 years.

As for patience after all this time it does begin to wear a bit thin.

Not for us.

Still no news.

European gas surplus , prices low.

Seems our board are going to find difficulties achieving a deal in the European gas market at the moment.

I may be wrong but too quiet for too long.

Update due soon should be interesting.

If the directors have been furloughed they can do no work for the company.

That may be the hold up

Although I'm sure they should have informed shareholders if that were the case.

Confidence here if falling as fast as the bank balance.

I still wonder if director's shareholdings at bloe may come into play in the future.

Seems nothing much has changed.

Some od the board aren’t that far from retirement age.

I know we moaned about how nr wasted shareholders money.

Interesting to mention that without all his spending we would have absolutely no investments.

At least we should be grateful for that.

A proportion to acquire asset(s) and the balance to shareholders by way of that special dividend that was promised years ago. Still stands as far as I know unless we have been told otherwise

They have sold our stakes in horse hill and iow.

Not bad for over 18 months work.

Sorry almost forgot we got £1 for our pan stake.

Not sure about reef.

News definitely tomorrow then.

One sugar please.

What are the board up to.

Whatever it is it had better be good.

No income for 29 months.

Hardly much of a strategy.

And would someone please take the acquisition presentation of the website.

More growth on my tomato plants at the moment.

Need anymore be said.

Hard to believe they cannot pull off even a small deal.

£20 k a week income would be better than nothing

Any update would be welcome.

I do wonder what the bod do with their time.

Im sure they are busy sorting out a new deal.

Hope they have enough tea bags in the data room.

Good morning to you.

The board will have to have some very good answers as to why they have achieved basically nothing since they started running things.

My tomatoes are over 2 ft tall already

Looks like a very good year

Maybe they should change their strategy to growing them instead.

Far from impressed with the lack of progress on all assets held and acquisitions if we ever get any.