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Solo Oil could go So high ! (SOLO)     

skyhigh - 19 Oct 2009 08:28


From the Financial Times this weekend

Solo Oil , which is chaired by David Lenigas, rose 15.4 per cent to 0.75p on talk it was close to announcing its first deal.

I'm on board this morning..good story developing here (imho) ... onwards and upwards... anyone else in ?

skyhigh - 05 Jan 2011 19:46 - 121 of 429

Yep, it's looking good!

skinny - 09 Feb 2011 10:13 - 122 of 429

RNS Number : 9324A

Solo Oil Plc

09 February 2011

For Immediate Release

9th February 2011


("Solo" or the "Company")

Update: Drilling by Reef Resources, Canada

Solo Oil plc, the AIM listed International Oil and Gas Exploration and Development Company, today announces the spudding of the Ausable#5 well in South Western Ontario by its Joint Venture partner Reef Resources Limited ("Reef").

Reef's announcement; to the Toronto exchange, reads:

Reef Resources Ltd. (REE - TSX.V) ("Reef" or the "Company") reports spud of its Ausable # 5 well on February 8, 2011. Drilling and coring will continue over the next three weeks with completion expected before break up.

The well will be cored and data used to develop the Company's gas storage asset and assist in determining horizontal drilling locations and trajectories for the first phase of the Natural Gas Recycling and Enhanced Oil Recovery ("EOR") program. The Ausable reef is currently on production and is generating revenue from the initial Enhanced Oil Recovery Natural Gas Recycling program which commenced in 4th qtr 2010.

Once Ausable #5 is completed the drilling rig will recover the stage frac tools that have delayed production from the Ausable # 2 horizontal well.

Solo Executive Director Neil Ritson commented; "We are delighted that Reef have been able to commence these key operations which will contribute to both production and the necessary knowledge to embark on the EOR scheme which is at the heart of this project."


Solo Oil plc

skyhigh - 09 Feb 2011 19:34 - 123 of 429

cool! shaping up nicely!

skinny - 08 Mar 2011 16:48 - 124 of 429

Solo appears to be forming a pennant.


HARRYCAT - 08 Mar 2011 17:10 - 125 of 429

Excuse the ignorance, but is that good?

skinny - 08 Mar 2011 17:11 - 126 of 429

After a strong rise, its meant to be a bullish sign.

HARRYCAT - 08 Mar 2011 17:12 - 127 of 429

Ah, thanks.

skinny - 31 Mar 2011 08:47 - 128 of 429

Interim results.

mitzy - 13 Apr 2011 11:50 - 129 of 429

Superb Solo.

skinny - 13 Apr 2011 11:51 - 130 of 429

Drilling Results.

Results show the presence of 72 metres of net hydrocarbon bearing pay in the main producing intervals. The presence of porosity containing oil, natural gas liquids and natural gas is demonstrated by the electric logs and by inspection of the cores cut in the reservoir zones. Further core analysis is planned and the well will be completed as a production well. The results of the production test results and the full analysis of the cores will be announced once available.

mitzy - 13 Apr 2011 11:57 - 131 of 429


mitzy - 13 Apr 2011 11:57 - 132 of 429

1.05p offer price.

skyhigh - 13 Apr 2011 13:00 - 133 of 429

Looking good!....

required field - 14 Apr 2011 09:18 - 134 of 429

Missed out on this one....any idea of what sort of production they are talking about ?......not sure if I should jump in...perhaps too late....well done those in on this...what a turnaround...going solo down in acapulco....damn....

skinny - 14 Apr 2011 11:47 - 135 of 429

Sold half of these this morning for +1.2p (+200%)

required field - 14 Apr 2011 12:04 - 136 of 429

Might be another surge because of tests ongoing plus probably more wells to be spudded.....might and I say might hit close to 2p....

skinny - 14 Apr 2011 13:56 - 137 of 429

one (American) billion traded today so far.

skinny - 19 Apr 2011 07:05 - 138 of 429

For Immediate Release (7 am)

19 April 2011


("Solo" or the "Company")

Ausable Field, Canada

Solo Oil plc, the AIM listed International Oil and Gas exploration and development Company, today announces its Joint Venture partner Reef Resources Limited ("Reef") plans for the further development of the Ausable field in South Western Ontario.

Reef has indicated that it plans to carry out flow testing in the recently drilled Ausable #5 well and that the well is expected to be on production within six weeks. Reef has also announced its plan to prepare for the drilling of four additional wells in order to advance the development of the long term Enhanced Oil Recovery and Natural Gas Liquids Program.

Reef's announcement, to the Toronto exchange, states:

April 19, 2011 - Calgary, Alberta - Reef Resources Ltd. (REE - TSX.V) ("Reef" or the "Company") reports that the Company has agreed to complete and flow test the Ausable #5 well in SW Ontario, Canada.

A decision has been made to mechanically complete the well and to conduct flow tests on the basis of the existing data. Further analysis of electric logs and cores from the wells will continue.

Following production testing; the well will be connected to the existing central production facility and placed on production as an oil and natural gas liquids (NGL) producer. The Company's objective is to have the well on production within the next four to six weeks.

Due to the presence of extensive oil and natural gas liquids pay zones in the Ausable #5 well, the Company will now begin detailed scheduling for the drilling of the Ausable #6, #7, #8 and #9 wells and the expansion of the Ausable production facility. Currently it is hoped to complete this additional work by the end of 2011.

The Company will issue additional status reports during the testing and completion of Ausable #5 and as plans for the full Enhanced Oil Recovery and Natural Gas Liquids Program (EOR) are finalised. The Ausable reef is currently on production and is generating revenue from the initial EOR program which commenced in 4th quarter 2010 through the Ausable #1 and #4 wells.

Company President, Arnie Hansen, commented: "We see this as a turning point in the development of the Ausable Reef as the results of the well fully support our geological model and demonstrate the viability of the EOR scheme. We look forward to a busy period over the remainder of the year as we plan and execute the necessary well program."

Neil Ritson, Solo Executive Director commented:

"We are pleased that Reef have now committed to the testing of the Ausable #5 well and that they are actively considering how to further develop the potential of the field, work that we anticipate can be carried out largely with internally generated funds."

skinny - 20 Apr 2011 07:43 - 139 of 429

For Immediate Release

20 April 2011


("The Company")

Equity Placement, Total Voting Rights

Solo Oil plc (AIM: SOLO) the oil and gas exploration and development company with assets in Canada and Tanzania is pleased to announce that it has raised gross proceeds of GBP2.1 million in a placing to institutional investors of 150 million new ordinary shares of 0.01p each in the Company at 1.4p per share ("Placing Shares").

Subsequent to the issuance of the Placing Shares the Company will have 2,230,320,634 Ordinary Shares in issue.

Application will be made for the Placing Shares to be admitted to trading on AIM and these will rank pari passu with the Company's existing Ordinary Shares. Dealings on AIM are expected to commence by 12 May 2011.

The funds raised will be used for further near term investments and working capital.

skinny - 26 Apr 2011 11:22 - 140 of 429

Starting to look rather good!

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