Member Info for steve58

PSA terms.

Tanzanier pas terms not that good. Seems that could be the problem with the licence etc. The Tanzanier government want a large slice of the pie. She’ll seem to say that only profitable if a very large project.

Good afternoon to you.

In at a good price.

No top up for me can't risk any more here.

Although risk of losing the lot is negligible it's still possible.

Again thanks for your time etc in at least waking up the board to a much more positive future for the company.

Last update said end of October regarding further investment decision. Regarding the hotel not even sure if it was built.

News soon. At least there is money in the bank.

Break even about 16p for me.

I would like to know when you bought. Must be about sept 2014. Expensive buy. 26p pre consolidation.

I would expect after licence and drill results and resources upgrade more than 20p. Still only 1p pre consolidation. Allbeit more shares in issue. If we have 25% share of 6 tcf or more. Remember calculations on here a year or so ago about $400 million dollars per tcf. It will be the most important time in the companies history. Do we farm out , sell or just have our share of 140 scuffs a day. IMO a bit of all three is most likely, although a complete sale can’t be ruled out. A dividend to shareholders and new investments made or increased exposure to existing ones.

Today’s modest rise here may be a leak although if so a very small one. I hope the licence and drilling schedule is sorted this side of Christmas, if so it should be a very prosperous new year. I think that was said last year as well.

Re farm out.

This afternoon would suit me fine.

Imminent.

Looks like December at the earliest.

I think Egm needs 21 days notice.

All that hype video interviews about 9 months ago.

Virtually nothing since. I know most on here reckon the deal is done and dusted bar the paperwork bit I'm not so sure.

I do hope things work out. I know you are very confident and have given up your own time to help bring things forward. It's just the constant lack of news and slow progress.

It's been over 6 years since likonda drill and basically no income.
Imo we will sell out once licence and drill complete.
Solo are of course an investment company and its shareholders want a decent return as soon as possible.

I must admit I thought it was a great proposition about 6 years ago.

I sure hope that things do work out although probably wouldn’t have invested here if I’d known the pace at which things are moving or not moving. I am not the only one on here tens of thousands down. I would like to get out ASAP but it looks like a few more months if not years of waiting are still needed before I can at least get most if not all of my investment back.

Don't forget the consolidation so should be 20p.

Interesting. Shares were allotted 28.07.2017 and £1.00 a share paid. 31.10.2017 more allotted £1.35 paid. 06.04.2018 more allotted £1.50 paid. Obviously the company is increasing in value but privately owned. Ipo maybe. Would be interesting to know when and at what price solo acquired their shares.

I make that a total of 280.5 million barrels equivalent to solo.

At $70 a barrel that equates to about £15 billion. Must be wrong with a mc of £13 million.

Checked at companies house. Solo hold 83333 shares. A small but who knows a profitable investment. No mention in solos accounts or by nr as far as I know.

Once licence sorted and drilling done. Must be multiple of current sp.

If Neil were still in charge I’m sure the word imminent would rear it’s ugly head.

The farmout was first mentioned in 2012. They even had a room open.

It’s been imminent for a long time now.

,

I hope so.

Although I may sound impatient the slow progress is very frustrating to say the least.

I hope things get resolved sooner than later.

They still haven’t sorted out the valve problem in almost a year.

Farm out and licence this year.

IMO looking more unlikely by the day.

Rns 7.00 am tomorrow!