Member Info for steve58

Haven't seen aminex up so much for quite
some while.

I see your point.

I make it a possible 5 billion dollars oil to solo.

I'd take 5% of that for a straight sale.

I hope it is worth it.

I assume we will keep our full 25% as long as possible.

Why?

We have enough ready cash for Ruvuma.

At least wait until Ukog sp goes up a bit more. Testing results should see to that.

Shouldn’t moan but the new board do not seem to be having the desired effect on the sp.

Have been waived for a couple of years now.

Annual costs probably under £20000.

Bannor big ern.

Thanks for update.

I must admit I do check almost every day.

A bit more money in the bank.

Look forward to the next update.

That’s on the back burner but could be drilled fairly soon as I think planning application is imminent.

We own 30% of what could be many millions of barrels of oil.

Previous post.

Think that should be 1.2p.

So given the increase in shares issued we should be sitting at about 6p today just on our assets circa 2012.

Those were the days.

Sp at nearly 40p equivalent although many less shares is issue.

I still think maybe reef could be resurrected.

Let’s get Ruvuma out of the way first and ntorya.

Has anyone seen that valve?

News soon hopefully and some cash back to us long suffering shareholders.

Seems the same as what happened here with nr is rubbing off over at aminex. They are wondering how the board can justify their salaries. No income for months now for us or them from nt1. At least we have ready cash available for Ruvuma costs.

Maybe the valve got lost in the post.

Flow results are very good.

What is of concern is how many planning applications and years before production and therefore income.

Of course before then Ukog will have millions more of expenditure. Although we exchanged our 9.75% stake for shares the fact is solo have saved a sizeable sum in no more horse costs.

IMO if solo can double their money on this investment then it would be deemed a good investment. May even be able to return some to shareholders.

Looking at aminex sp today it does not look good imo. Shareholders must be fed up with the total lack of news and the boards almost silence. I’ve moaned about solo many times but I’m very happy to be a solo shareholder rather than be invested elsewhere.

If solo still have most of the shares they made over £400k today.

Another bad day here. At least not as bad as aminex.

Agreed. Cash is king.

Wouldn’t surprise me if the whole deal gets called off. The Zubairs haven’t paid aminex a penny as far as we know.

If it were called off how would that leave their sp let alone ours.

Where would that leave aminex. Solo on the other hand have the funds in hand should they need them. A reverse takeover of aminex anything possible.

Solo currently £14 million

Aminex currently £56 million.

Potentially 5 tcf of gas or more.

Must be very tempting for another company to buy us both out.

No 1 would seem the most obvious.

All that gas for a pittance.

I'm sure solo shareholders would reject a derisory offer
should one be forthcoming.

50 million minimum for all our Ruvuma stake.

For that amount. They could throw in nt1.

Doesn't seem to have made a bit of difference to the
downward spiral of the sp. That's what should be of concern to shareholders.