Member Info for StoneFold

http://enkorr.com.ua/a/news/Iz-za_pozhara_na_skvazhine_v_Indonezii_pogibli_ne_menee_10_chel/232167 Photos and video. Indonesia is very corrupt, there is a lot of illegal forest clearance, mining coal, gold etc. they'll try their hand at stealing anything - including the licences and assets of companies see CHL.

ANGS have an RNS today with back of a fag packet calculation for free cash flow per year in � per 100 bbl oil produced per day. Although Horse Hill is about (very approx. ) 100 miles from the Fawley refinery whereas Lidsey is about 50 miles, it still gives a pointer to possible values when production starts. SOLO should have bought the other remaining 5% of HHDL. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ANGS/13618152.html Also the council extended their production licence for a further 10 years.

Is there a market for trading your senses?

http://www.bbc.co.uk/news/uk-scotland-highlands-islands-43782666 16-04-2018 "....The Port of Cromarty Firth in the Highlands is handling its 700th oil rig for repair and maintenance work. The West Phoenix arrived earlier this month and is scheduled to stay for about two months while work is done on its thrusters. ..." --- Recently the vessel GEO Coral has been running Seismic Surveys for Statoil over a parts of the UK North Sea.

Look like two bed n ISA's.

steve58, It is a poorly constructed sentence containing two subjects (Aminex and Eclipse), so the use of the possessive "its" without clarifying which of the subjects it is referring to is ambiguous. However Aminex operate Ruvuma PSA (Including Ntorya Appraisal Area) with a 75% working interest through its wholly owned subsidiary Ndovu Resources Limited. Solo have a 25% working interest in the Ruvuma Basin PSA. So no other party has a direct interest in the PSA. Therefore no other party could farm out (sell) their direct interest in the PSA. Eclipse Investments LLC is a 29.9% share holder of AEX. So you could say that Eclipse currently have an indirect interest 29.9 x 75 % = 22.43% in the PSA. If they buy more shares in AEX and cross the 30% threshold they would have to make an offer for all of AEX - which they probably don't want to do. But if Eclipse are confident that the Ruvuma PSA is a good investment, the only ways that they can increase their exposure to it, is either to buy shares in SOLO, or more efficiently to farm into (buy) part of AEX's or SOLO's direct interests. ---- UKOG's testing of its 100% owned BB-1 well finished a week early. Which implies that they were not gaining anything of use from the zone that they had open, and did not have enough time remaining to try other possibilities with the well. Any data they get from that far side of the Weald will be helpful to understanding Horse Hill, even if it just a case of "what not to do to an oil well". So their focus shifts to Horse Hill. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/UKOG/13575992.html

"Following recent inquiries Aminex advises that it is in discussions with Eclipse Investments LLC ('Eclipse'), which is a related party, regarding a possible farm out of part of its interest in the Ntorya Appraisal Area" I take that to mean that AEX is considering selling part of its holding in Ntorya to Eclipse, in exchange for cash. That it is doing it now and with a related party, so that it can get funding in place quickly. A possible reason to get funding now is that news on some aspect of the Ntorya development is imminent.

Some strong buying demand for AEX and SOLO. If AEX conclude a farm out it will confirm interest in the project and put a current value on it.

http://www.malcysblog.com/2018/02/delayed-bucket-list-2018-six-new-stocks-now-review-planned-june/ In the comments section Malcy gives a value "....I have a value of at least 10p for AEX. ..." Which might help in part give a value to SOLO.

http://enkorr.com.ua/a/news/Minprirodi_predlozhilo_zakon_ob_annulirovanii_neftegazovih_litsenziy_za_nalogoviy_dolg/231628 14-03-2018 The Ministry of Natural Resources proposed a law on the cancellation of oil and gas licenses for tax debt.

SOLO has 15 % of Horse Hill Development Limited. Horse Hill Development Limited has 65% of licences PEDL137 and PEDL246, which are adjacent. Licence PEDL137 has one well HH-1 The HH-1 well has access to four oil bearing reservoirs. Three previously short flow tested reservoirs will soon have longer flow tests. If time one deeper untested reservoir will be flow tested.

http://www.bbc.co.uk/news/business-43301342 06-03-2018 ".......As many as 14,000 investors in the collapsed stockbroking firm Beaufort Securities should get a "substantial" amount of their money back. The official administrators, PwC, said that the firm's clients should see between 85% and 90% of their cash returned to them. However, it will be at least a month before any returns go through. ........." "........PwC said it had located �50m in cash in the client accounts at Beaufort, and �800m invested in client assets such as pensions and Individual Savings Accounts (Isas). This money has now been ring-fenced, so it can be returned to investors. "We do forecast a substantial return to clients after costs, although this may take some time to implement, and we do not see any returns commencing before mid-April as there are a number of challenges to overcome," said Nigel Rackham, the joint administrator. "These include carrying out an assessment of the accuracy of the firm's books and records, devising new processes to move the holdings of all clients in an orderly and appropriate way, and preparing cost estimates for these activities." PwC said it would be constrained by the fact that there was no money in the company's own bank account. .............." ========== So at first glance it looks like Beaufort had not kept 100% of their clients cash and shares in separate ring fenced accounts. But there is enough to justify moving the customer's holdings from their Beaufort accounts to accounts with a new broker, rather than just paying a cash compensation figure. (so no selling then buying back) Whatever happens there will be a delay of a month. So no one need fear that there will be deluge of selling of shares anytime soon. As Beaufort's customer portfolios would not just contain SOLO shares perhaps CrustyPete would like to spread this message of reassurance on all the other share message boards that he had previously posted his warning that their share price would be doomed by a flood of selling because of the Beaufort effect.

If instead of buying an additional 5% of HHDL for �1 million (that transactions sets the current value) SOLO sold 10% for �2 million. That would represent a profit for that 10% investment in HHDL of �1.4 million or + 233% return on investment. Which is an acceptable result for an investment at this stage of the project. UKOG are currently gathering flow test data from BB1 which will be built into the subsoil model for the whole Weald basin reservoir structure including Horse Hill. Later on data from flow testing HH1 and then the drilling and flow testing of HH2 will be added. That model should be sufficient to use as the basis for applying for the permanent production approvals, with the aim of permanent production starting early 2019 (straight after drilling/testing the side-track HH1z). In order to safely permit the work at the sites including the smooth entrance of empty tankers and the exit of full oil tankers a safety exclusion zone injunction is being sought. In a few weeks time once the flow testing stage is complete, the value of the investment in HHDL will have risen another notch. People will be moaning why SOLO only have 15% of HHDL.

https://twitter.com/ukoginvestments?lang=en Files viewable via dropbox link UKOG Have hearing on 19-03-2018 to apply for injunction to protect workers, contractor firms and drill sites.

Earliest date for the balance to be paid - depends on how eager they are. The number of shares for the balance is dependant on the the 10-day volume weighted average price prior to the date on which the transaction completes. 2.5p = 14,000,000 3.5p = 10,000,000 4.5p = 7,777,777 So it would be in Primorus's interest if people talked the share price down for a couple of weeks, difficult as that is to imagine. ---- UKOG are now flow testing BB up to the end of March, should be just enough time for them to get to near 100% oil, or start testing another section.

CrustyPete, Your statement regarding Beaufort customers transferring accounts: " This will require them in MOST circumstances to sell their holdings to cash before those assets can be transferred to the new ISA provider..... The investor will be "out of then market" for a few weeks..................." Not if the UK side of Beaufort has obeyed the law, and ring-fenced retail customers funds, shares and cash. In which case once the customers have confirmed with the administrator exactly what is in their portfolios, it should not take long for the administrators to either appoint a new broker and transfer all the accounts to them, or to allow customers to choose a new broker themselves and transfer their own accounts over. That case would not require the selling of shares. On an agreed date the shares would be deducted from your Beaufort Trading / ISA /SIPP account(s), and on the same day be added to your new broker's Trading / ISA /SIPP account(s). That is the process I have experience of (not though with Beaufort) transferring a Trading account and an ISA account from one broker to a new Trading account and an ISA account with another broker. No selling first, transferring cash then buying. If however there turns out to be a big difference between what Beaufort customers claim their portfolios contain and what asset portfolio the administrators find at Beaufort's then it might drag out for weeks, and end up as cash payments under the UK's Financial Services Compensation Scheme. The administrators might then seek a single buyer to bid for all the Beaufort securities (including SOLO shares if in fact there are any). That buyer would then review each asset and sell or hold as appropriate. By which time HH will have completed it's flow test and NT3 will be drilling/drilled. For certainty anyone who is a retail customer of Beaufort Securities should contact the administrator ASAP and also consider contacting a new broker. Firstly to ask the new broker about the process for setting up new Trading / ISA / SIPP accounts as required, in order to then transfer over the assets from their equivalent Beaufort Trading / ISA / SIPP accounts (pending administrators approval). ============ --- The Beaufort saga should have zero effect on the SOLO share price. With regard to SOLO http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1520000308138005500.html 02-03-2018 Only Nu-Oil & Gas PLC and Kibo Mining PLC reported that their recent placings (which had been arranged by Beaufort) were uncertain and none of the fundraising proceeds had yet been received. SOLO did not state which broker arranged their placing, they did not say that they have not received the placing money. Therefore the impression given by SOLO is that the fundraising was successful, that the �2 million has been received by SOLO and that the new placing shares will be admitted as plan

Five share holding declaration RNS's today One fund reducing Two funds increasing The CEO increasing The Finance Director increasing --- From the Budget speech on 21-02-2018 "...The President�s intervention this week to restore dialogue on mining policy, raises hope that a solution will be found to unlock growth and transformation in this critical sunrise sector. All stakeholders should be encouraged by the President�s intervention and commitment to set the industry on a new path of investment, inclusive growth and transformation. We therefore welcome the Chamber of Mines� postponement of their court action as they join this new process. ......"

Pope have not taken 8%. Pope have held approx. 8% for years. They trade some shares up or down as they see a short term trend. Overall they are holding at a significant loss compared to their original purchase price.

PAF - Pan African Resources PLC Released an RNS on 07-02-2018 in which they stated are no longer in talks to acquire assets from ASA. And as a result PAF's share price is rising. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PAF/13525228.html "WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement, released on SENS on 29 January 2018, wherein Shareholders were advised that the Company had entered into exclusive negotiations with the joint administrators of ASA Resource Group Plc (�ASA�) in relation to acquiring certain of the assets and liabilities of ASA (�the Acquisition�). Shareholders are hereby notified that discussions between the Company and ASA relating to the Acquisition have been terminated and, accordingly, shareholders are no longer required to exercise caution when dealing in Pan African shares. Johannesburg 7 February 2018"

Statoil hiring service vessels 2-4 x PSVs / Statoil AS / Supply Duties / 4 months + opts / comm. April-June 1 x AHTS / Statoil AS / All Duties / Framework / 12 months + 2 x 6 month opts / comm. May And speculation on which drilling rig will be used. http://petro.no/statoil-pa-riggjakt-gir-hap-ledige-rigger/260081 01-02-2018 "Statoil will be in the process of finding a rig to drill boundaries on Verbier on the British side. Industry sources indicate that there is a fixed well, plus option on a sidelines. Startup should be all this summer. It starts to thaw in the ranks of hot, free rigs in Norway for the summer months. But the job can be relevant for both newer and older rigs. West Phoenix and West Hercules will be obvious candidates. In addition, Dolphin Drilling will be able to send one of its smart / warm stacked devices to the job. The preliminary results at Verbier indicate that the discovery can be between 25 and 130 million barrels of recoverable oil. This is now to be attempted to narrow further through these wells. " ------------------ The Transocean Spitsbergen rig is still on location at the Aasta Hansteen gas field where it has been drilling six production wells since it finished at Verbier. It would take about 10 days to sail from there to the Verbier site.