Member Info for vike1

Fom SOLO's mid-year balance sheet, which is now outdated, so clearly very conservative. Again, will be interesting to see how that's been adjusted by year-end (which likely won't reflect RPS assessment, as that's a post-period event). Also, this is just using Book Value, not Market or Fair Value numbers.

SOLO's trading at about a 50% discount to its NAV. Even attracting a bit of attention to the stock to close that gap would have a significant impact on the sp. Looking forward to seeing the updated Y/E numbers next week. At the very least, it would be nice to attract some of the rainbow chasers over at UKOG to add some life in us. Their HH holding is about 3x ours, yet their m/c is 4x ours. HH is about the only tangible asset UKOG have, yet for us, it's a bit of a sideshow.

A show of tangible operational progress would be even better!

Indeed, if they float that much. Even at that high end, If you assume an IPO val of A$50m, 51% of our 15% stake = A$3.75m, or c. GBP2.1m. Before taxes and other costs. A nice addition but not exactly a windfall. Will it be worth more? Hopefully, but they still need to drill to prove up the resources, so prob not by much. Not sure helium will attract the same premium as blockchain, AI, or even cobalt for that matter. Still beggars and choosers, and all that.

We may be able to sell some of our holdings as part of the float, but the bigger chunk will no doubt be restricted for a period of time. Will be interesting to see what details are provided by end of month, and whether it includes any indicative valuation.

As does the add’l stake in HH. We could’ve used the money raised to pay off the loan.

It's a nasty death spiral loan. We're lucky so far (if you can call it that) that it's reasonably small at this point. A farmout or other financing is needed to pay it off asap.

While it's probably too late to bolt any farmout amendment onto the AGM resolutions, in theory they could call an EGM within 2 weeks beforehand to be held directly after the AGM. With only 5/6 resolutions to approve at AGM this year, which should take all of 3 minutes, that meeting could officially close and an EGM started with a new set of resolutions. Under the s/h approved guidelines, the company could call it at latest by June 27th. No doubt it would be a bit unusual, but is within their rights to do so. I'll be there anyway, so is ok with me.

Mock, you're bearish, that's exceptionally well documented. Mosey on now, I'm sure you have more interesting things to do in life than talk about other people's investments. By sticking around, we can only assume you're interested in investing here.

And even under that low end scenario and attributing a $0 value to HH, Helium1, and Kiliwani the share price should still be 2-3 times what it is today, with plenty of upside.

That's right, 80.6 BCF for the Early Production System. The wider acreage will be unlocked as demand grows and more wells are drilled. The fields will run for decades. And that's just Ntorya, and is before you add in Mtwara, Lindi, and Nyuni. Having too much gas and finding power and industrial users is the bigger challenge. Bring on the fertilzer plants and pan-EA electrical networks.

Maybe we'll get really lucky, and NR will raise money the day before we announce the signing of the Development License. Lots of it! Apparently that'd be good for the sp and we'll raise more money that way.

We're talking about different things and it's not about perception. I'm not in the stock, and this isn't a ukog Board, so I'll drop it. In simple terms, regardless of short-term sp, ukog has issued way more shares to raise £5m than they would have post-approval. This means that every share value you hold now is worth less than it otherwise would have been, and have taken a big haircut on your upside potential. Again, regardless of s/t price movement, which is pure speculation. I'm sure the money is needed, and will help fund growth. But issuing fewer shares for the same money would have been better. Personally, I choose 'better' every time.

Utter nonsense. It's a slap in the face to shareholders, and a wink and a nod to the bankrollers, who I'm sure have already sold out their positions and have cracked the Dom a little early this weekend.

That makes NO sense. Even if sp averaged out to the same price, shareholders would have been much less diluted. You're basically saying you'd rather reward the financiers than shareholders. I know which side I'm on.

Yep, and they could've saved their shareholders a whole lot of dilution if they chose to announce the permit signing first. What a bunch of crooks.

What UKOG announced today is exactly what we want NR to avoid at all costs. Its criminal that UKOG would raise a huge pot of money at a discout, hours before announcing the permit had been signed, which would obviously cause a spike in sp. No **** it was over-subscribed. I'm not invested there, so it only benefits me (us) to have a better funded operator, but the stunt they pulled is AIM at its worst.

WTF?

Thanks. Even those modest production levels should support the m/c in the short term while the bigger plays are proven up (or re-proven I should say).

Anyone know the estimated revenues that can be expected from the VOS1 well once the gas processing deal is signed? Also, how much gas are we currently producing? Thanks