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Solo Oil could go So high ! (SOLO)     

skyhigh - 19 Oct 2009 08:28

Chart.aspx?Provider=EODIntra&Code=SOLO&SChart.aspx?Provider=Intra&Code=SOLO&Size


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 - 19 Oct 2009 08:54 - 2 of 429

I got in NTOG a few weeks ago at .0032 so very happy with the way NTOG is currently performing (One of my better investment decisions)... hoping for a similar outcome here!

Andy - 19 Oct 2009 10:12 - 3 of 429

SOLO on the move now!

1st deal on the way soon?

skyhigh - 19 Oct 2009 10:40 - 4 of 429

Soon, hopefully in the week or two.

panic - 20 Oct 2009 10:55 - 5 of 429

A good friend has been on about these plus another 2 shares, the other 2 have done well so here goes I'm in, only a small stake, so can afford to put these away and wait

skyhigh - 20 Oct 2009 11:08 - 6 of 429

Welcome aboard Panic..... I've bought some more this morning also...highly speculative punt but rewards could be significant !

skyhigh - 20 Oct 2009 11:12 - 7 of 429

I'm in PCI also (from 7p entry level)...they released good news this morning but disappointing SP movement since then.. should buck up soon though! (imho)

skyhigh - 21 Oct 2009 09:00 - 8 of 429

SOLO doing well this morning......

Balerboy - 21 Oct 2009 09:08 - 9 of 429

yes bucked up this a.m.

Balerboy - 11 Nov 2009 13:01 - 10 of 429

got a bit of a rise on here again, vol, picking up.

Chart.aspx?Provider=EODIntra&Code=SOLO&S

poo bear - 12 Nov 2009 07:37 - 11 of 429

http://www.ft.com/cms/s/0/4d6ea566-ce8e-11de-8812-00144feabdc0.html?nclick_check=1

"Solo Oil jumped 19.3 per cent to 0.92p on talk that the acquisition vehicle chaired by Australian dealmaker David Lenigas was putting the finishing touches to an equity fundraising, writes Neil Hume.

The talk in the market was that Solo was looking to raise 6m via a placing of new shares at about p each and the proceeds would be used to take a stake in an exploration licence that FTSE 100 company Tullow Oil has secured in Tanzania."


Ruvuma Basin?

Unless it is one we don't know about then yes it is.

Drilliing planned Q4 2009

http://www.tullowoil.com/tlw/operations/af/tanzania/

Andy - 12 Nov 2009 08:21 - 12 of 429

Picked up a few more this am, probably not too much longer to wait here now, and the rumour mill hotting up!

ANY deal with Tullow, if confirmed of course, would be taken well by the market IMO.

poo bear - 12 Nov 2009 10:43 - 13 of 429

Yeh I agree Andy, also had a few more.

skyhigh - 12 Nov 2009 12:42 - 14 of 429

looking good!

skyhigh - 16 Nov 2009 08:30 - 15 of 429

Good price to get in /top up...dilution has impacted SP..when the dust has settled it'll strengthen gradually as we get towards the next meaningful announcements in the new yr...could be big compay in the making! (imho & dyor etc.)

niceonecyril - 16 Nov 2009 08:33 - 16 of 429

Took a small punt on these this am on the strength of todays news.

Solo Oil Plc announces that it has placed a total of 1,280,000,000 new ordinary shares of 0.01p each in the Company (Placing Shares) at a placing price of 0.5 pence per share to raise 6.4 million ("the Placing") and has signed a Farm-out Agreement with London Main Market listed Aminex PLC ("Aminex") to earn a 12.5% interest in the Likonde-1 well in Tanzania.




Aminex currently has a 50% interest in the Ruvuma PSA and the remaining 50% is held by Tullow Oil PLC ("Tullow") which is the operator. Post transaction, Tullow will own 50% of Likonde-1 well, Aminex 37.5% and Solo Oil 12.5%.




Likonde-1 is the first well scheduled to be drilled on the Ruvuma production agreement (PSA) in southern Tanzania with spudding likely to occur in about two months, the precise date depending on rig move logistics. A rig contract has been signed.



Under the terms of the farm-out agreement Solo will:

(1) Reimburse Aminex for 12.5% of pre-drilling costs amounting to US$1.25 million and

(2) Pay 18.75% of the drilling cost of Likonde-1 amounting to $3.4 million.




After the drilling of Likonde-1, Solo will have earned the right to participate in any further drilling on the licences covered by the Ruvuma PSA through contributing 12.5% of ongoing costs. If Solo exercises this right it will also then become a full party to the Ruvuma joint operating agreement.



The Farm-out agreement is subject (1) to formal approval from the Government of Tanzania and (2) to passing of the relevant resolutions at the Company's' general meeting as referred to below.

cyril


faceface - 16 Nov 2009 08:53 - 17 of 429

Should come back by the end of the day

skyhigh - 16 Nov 2009 09:16 - 18 of 429

hope so! just bought a few more at .007p

niceonecyril - 16 Nov 2009 13:38 - 19 of 429

No sense to be made of the trades as both offer and bid are at 0.0065p?
cyril

Andy - 16 Nov 2009 17:17 - 20 of 429

New article and analysis, click HERE

cynic - 16 Nov 2009 17:35 - 21 of 429

buy dogs and you get dog shit!

niceonecyril - 16 Nov 2009 18:45 - 22 of 429

Then by association so are Tullow?
cyril

cynic - 16 Nov 2009 18:56 - 23 of 429

sour grapes?
TLW have lots of oil and are a properly funded company
very clearly SOLO does not actually have oil of its own and nor is it properly funded or capitalised
golly gosh - sp crashes as that realisation crystalises - quelle surprise!

niceonecyril - 16 Nov 2009 21:13 - 24 of 429

The saying teaching someone to such eggs comes to mind,with a company(TLW) i 1st bought into when it was attempting to break through 1. You seemed to have missed the point, for Solo this is a signifient partership which once the placing is out of the way will imv add quite a premium to their SP.
There are risks(as with any oil explorer,25% chance on the coming well)involved,
its just how one plays it. Top slice if as i believe they will rise to 1p+ when drill is working and in the event of success then it'll be rocket time.
cyril

cynic - 16 Nov 2009 21:24 - 25 of 429

jolly good old chap .... you stick with this lot then, and no doubt you'll make your fortune if you live to be very old ..... why is there this fixation of trying to buy basement stocks when they aren't even necessarily approaching a bargain? ..... there's always plenty of money to be made as and when any of these "blind pig" companies start to make it good ..... meanwhile, there's huge numbers of proper juicy fish in the sea from which to make an excellent and satisfying meal

niceonecyril - 16 Nov 2009 22:56 - 26 of 429

I suggest you stop being so arrogent and ask yourself a simple question(one you should have asked before your earlier post).
DO YOU HONESTLY THINK THAT TULLOW WOULD DEAL WITH A DOG(YOUR DISCRIPTION)????
cyril
No need to reply as i woun't be reading it.
squelched
cyril

cynic - 17 Nov 2009 07:45 - 27 of 429

Aminex did the deal with Solo, not Tullow .... but by your own admission, you can't read!

Balerboy - 17 Nov 2009 07:58 - 28 of 429

oh dear, you've been at it again cynic.........

cynic - 17 Nov 2009 08:08 - 29 of 429

morning BB .... i retract nothing .... if sp remarkably rockets, i shall be more than happy to admit i was wrong .... as you know, unlike most here, i am more than happy to do so when i make a wrong call

dealerdear - 17 Nov 2009 08:17 - 30 of 429

Will nobody learn on here that nearly all tiddlers have been dumped by the market and any share price rise will be painstakingly slow ie the sp will drop to the placing price and won't recover until the market starts trading them again which may well not be to next year. Even the market darling AFR has now stopped moving!

dealerdear - 17 Nov 2009 08:20 - 31 of 429

...which is why any good news has little market effect.

Balerboy - 17 Nov 2009 08:41 - 32 of 429

who dares wins.............eventually!!

poo bear - 17 Nov 2009 08:42 - 33 of 429

Buy dogs get shit!

Love it, well done and point taken but I will still buy into these sometimes.

I did the same with GKP as you did I believe, same idea, a wildcat drill!

cynic - 17 Nov 2009 08:45 - 34 of 429

DD .... just for the record, AFR is one of the few bright spots this morning ..... that said, just a bit of general indigestion in the market i think rather than underlying malaise

poo - not to be confused with dog shit! - i certainly hold GKP now, though it is more than likely that i took some persuading to indulge

Balerboy - 17 Nov 2009 08:46 - 35 of 429

bear poo.....sorry poo bear, all this talk of s.... quite right, cynic was in and out of that dog (GKP) till it became a crufts winner.

dealerdear - 17 Nov 2009 08:53 - 36 of 429

I don't agree cynic. There is a high degree of worry atm that something is going to go horribly wrong with the recovery which is why small companies have been dumped again. A couple of mnths ago the AFR news would have catapulted the sp to 100p. I don't really call 2% a big rise.

I hold AFR.

cynic - 17 Nov 2009 08:58 - 37 of 429

you lie - 3.25% lol!
in fact, the time to bail out is when everyone is throwing their hats in the air .... the converse is also true

niceonecyril - 18 Nov 2009 07:57 - 38 of 429

Frpm AEX's RNS.

RUVUMA PSA




The Likonde-1 well is now likely to be spudded in early January 2010, in one of Africa's least-explored basins. A rig contract has been signed and the precise spud date will depend on the completion of the rig's current drilling contract. Likonde is primarily an oil rather than gas prospect and prospective P10 reserves are estimated by Tullow Oil to be 151 million barrels equivalent, risked by Aminex at a 1 in 4 chance of success. Aminex has recently announced a farm-out of a 12.5% interest in Likonde-1 to Solo Oil PLC which is reimbursing Aminex for back costs and paying a disproportionate share of the drilling cost of Likonde-1.




The Ruvuma River is the border between Tanzania and Mozambique to the south. On the Mozambique side all prospective acreage is licensed and a group led by Anadarko of the US is currently drilling its first onshore well there. The Aminex-Tullow joint venture holds the principal onshore acreage in the Tanzanian side of the basin.
cyril



cynic - 18 Nov 2009 08:12 - 39 of 429

yummy yummy!! ..... what a great deal and prospect for SOLO! ..... as far as i can see, the directors are putting in virtually zero, so the mug-punters will be taking all the risk ...... you have to be nuts to be investing here!


1 in 4 chance of success. Aminex has recently announced a farm-out of a 12.5% interest in Likonde-1 to Solo Oil PLC which is reimbursing Aminex for back costs and paying a disproportionate share of the drilling cost of Likonde-1.

required field - 18 Nov 2009 08:29 - 40 of 429

Aminex is the better bet !....if there is a discovery will TLW shares rocket ?, they would increase by a small amount perhaps 30 to 40p or so, not bad...but for these two the sp could fly....Solo is mighty risky in the event of a hydrocarbon no show but Aminex have other assets to fall back on to...AEX is the best bet of the three.....Solo is a pure gamble !.

cynic - 18 Nov 2009 08:37 - 41 of 429

for me, TLW is just dandy, for not only does it have many strings to its bow - i guess it could also be a t/o target, but that should be ignored - but its CFD margin requirement is only 5%, whereas AEX i would guess to be 20/25%, and SOLO perhaps 30% or even more

niceonecyril - 18 Nov 2009 08:40 - 42 of 429

RF i agree,a small punt on SOLO and now looking closely at AEX with a view to taking a position,but not just yet.
cyril

leewink7 - 18 Nov 2009 22:34 - 43 of 429

you obviously want to be in them then cyn.

And tullow is dandy aye LOL.

Poor effort of deramping / ramping mate, tell me you watched the trading of them all today ? Well maybe TLW.

leewink7 - 18 Nov 2009 22:35 - 44 of 429

you seem to appear only when things go well, isnt that odd ?

leewink7 - 18 Nov 2009 22:38 - 45 of 429

and for everyone ramping AEX, please, if its so good do it on your own threads, stinks of desperation, un-professional, and basically looking at trades today, i'd be bricking it for tomorrow, but i'm sure your not worried because its such a decent share ?

cynic - 19 Nov 2009 07:44 - 46 of 429

?????????????? ...... i think anyone who chucks money into SOLO needs his brain looking at ..... AEX, i have no particular interest in other than as junior partner to TLW ..... TLW i like a lot, and it continues to perform

faceface - 19 Nov 2009 08:22 - 47 of 429

Why dont you jog on to the tlw thread then go on do us all a favour.

dealerdear - 19 Nov 2009 08:25 - 48 of 429

not sure cynic can jog really.

More like an amble isn't it cynic?

cynic - 19 Nov 2009 08:42 - 49 of 429

not bad on the bike if you go back to late august ..... Toya kindly posted pix from france!

skyhigh - 15 Dec 2009 12:09 - 50 of 429

bought some more this morning..too good to miss at these levels?

Balerboy - 15 Dec 2009 13:58 - 51 of 429

Think i'll hold on for now, 10,000,000 sell just gone through, or was that you Skyhigh??

faceface - 15 Dec 2009 14:03 - 52 of 429

Only a matter of time before the buyers are back.

benlin - 12 Jan 2010 13:59 - 53 of 429

An article I bumped into on uk-analyst. It's the Growth Equities and Company Research report.

Proselenes - 15 Jan 2010 08:02 - 54 of 429

Appointed Astaire.

Looks like they might well try to do a fund raising before the Likonde-1 result, just in case its a duster.

Probably going to see weakness now in the price ?

foxnil - 18 Jan 2010 11:31 - 55 of 429

Evil Knievil on www.uk-analyst.com ...I also bought 3m Solo* (SOLO) at 0.6p this morning. Its main prospect has spudded......apparently, Solo shares are out of kilter with Aminex (AEX) and should be 1p...

skyhigh - 15 Feb 2010 08:43 - 56 of 429

Bought some more this morning....SP should strengthen over the next few weeks as we get nearer important RNSs etc., (imho)

moneyman - 15 Feb 2010 10:12 - 57 of 429

Strong rise today.

Balerboy - 15 Feb 2010 13:12 - 58 of 429

blue pills..???

skyhigh - 19 Feb 2010 15:43 - 59 of 429

Nice rise ! ... I sold my PXS (6 bagger for me) earlier this wk and bought some more SOLO at .0053p.... more to come methinks in the run up to the next batch of RNSs ....onwards and upwards !

required field - 19 Feb 2010 16:12 - 60 of 429

Be prepared for one hell of a drop in the event of a duster...far more so than Aminex and Tullow oil...

required field - 19 Feb 2010 16:15 - 61 of 429

Faites vos jeux...messieurs, dames.....rien ne vas plus a 16.30 heure anglaise !.

required field - 19 Feb 2010 16:27 - 62 of 429

How nice to see you mr Bond ...would you like to play with mrs Ping.... as in ping pong.....by the way where is Goldfinger ?.....don't see much of him on the risky ones....

Balerboy - 19 Feb 2010 19:02 - 63 of 429

you been on the elderberry wine rf.....

required field - 19 Feb 2010 21:36 - 64 of 429

I think you might be right, it should be "miss Ping" !.

required field - 19 Feb 2010 21:38 - 65 of 429

And I've bought a few of these.....oh!, we'll all go down the pan together....

gibby - 20 Feb 2010 15:02 - 66 of 429

articles (or should i say a few lines) for solo near bottom of these links:
http://www.reuters.com/article/idUSLDE61J01M20100220?type=marketsNews

http://business.timesonline.co.uk/tol/business/markets/article7034451.ece

from another bb:
'morning oilers

listen to me very very carefully i shall say this only once...

suddenly everyone is interested in SOLO - as many know i've held from before the placing first buying last summer, i've read all the facts, the rumours, the lies the half truths - all the ramps and de-ramps - i've argued with many - i was even told shouldn't i be ashamed for "getting people to buy" when the placing happened, i've watched the trade flow day in and day out - every mm on level 2 - every shake, every fall, every false dawn...i have not ramped this - i've even been accused recently of being a de-ramper when i tried to explain that fair value on estimated was not as high as someone suggested.

1.This is now a hot stock.

2.Lots of people are buying in on momentum with little or no research.

3.There is lots of noise and misinformation.

4.Buys for SOLO tend to happen below mid - trade data is always always inaccurate.

5.If the FT can get it wrong then you need to read all the rns for solo - understand the exact nature of the risk , how much debt does the co have - if any, how much cash does the co have if any, what is the asset they own? is there any geological oil positive evidence in the area where they own the asset?



solo own 12.5% of Likonde-1 and the right to participate in the Ruvuma psa at a cost of 12.5% for a stake of 12.5% on any further drilling.

There is currently only 1 well - likonde-1 , AEX have provisionally scheduled a follow up in Q4 2010.

Tullow estimate it's 151 mill recoverable IF they find oil.

AEX reckon they will get more than 5 usd pb.

You do the math. 151 mill times 12.5% divided by 1.54 (gbp/usd) times 5 divided by 2,080,000,000 shares. Obviously more than 5 usd means this is the minimum fair value. Then add 1 usd for an incremental sp projection. If it's 8 usd ? Of course some keep saying its only 3.

At 3 usd i get a sp of 1.76p

At 5 usd i get a sp of 2.95p

At 8 usd i get a sp of 4.71p

obviously along with the amount of oil recoverable the key driver of value is the profit per barrel.

So if they find what they've estimated and get the minimum profit ber barrel ..of course they may need to drill more wells to get at so that increases the cost and lowers the return however we would need to know the cost of a 2nd well. if the cost to solo is 2 mill gbp (they have 4 mill cash and if they find oil 950k from directors hydrocarbon dependant opitions) then revise the above as follows

At 3 usd i get a sp of 1.66p

At 5 usd i get a sp of 2.85p'

required field - 20 Feb 2010 15:26 - 67 of 429

Thanks for that Gibby....it's still a big gamble, that's why I have 95% in AEX and just 5% in SOLO....

gibby - 20 Feb 2010 15:43 - 68 of 429

rf - no probs - you are right big gamble - initially i was going to split around 70% aex / 30% solo - through greed i have increased my solo % and decreased aex - your option is the most sensible & safest if you can call anything safe here - but i just have a feeling higher % will come from solo - barring a disaster both should do very well

required field - 20 Feb 2010 16:42 - 69 of 429

Might be an rns update this monday 7am...fingers crossed for some positive news.

TheFrenchConnection - 21 Feb 2010 01:04 - 70 of 429

Mes amities /. Personally;lt strikes me as little more than a one trick pony with too many shares in circ esp given its m/c. .Reading between all the lines it has the hallmark of something of a wildcatter.... ln saying that Tullow have some top draw geologists who with an element of skill , and prob. a bigger element off luck have done remarkably well in exploiting wildcatters .Also they are confident hydrocarbons are in them thar hills . Very much so. { lf in doubt look at Chinas decision to build the entire infrastructure of Tan in exchange for mining prospects ) But Tullow can afford to sink a lot of wells - Solo cant..possibly one / and in order to raise more capital city will probably ask for share consolidation to offer mkt liquidityand to get it out of that utterly DOOMED sub 1p catagory of shares.... All in all -.ld rather put my monry on the 3-30 at Newmarket .........

jkd - 21 Feb 2010 03:52 - 71 of 429

TFC
another with horse racing interests i see.i think you would get along very well with tabasco. he has french connections also and also is interested in horse racing. i think you two would get along very nicely. have you conversed with him on this board yet?
you may find him on the "talk to myself" thread (not talking for myself) but very similar.along with on many other threads but may be more difficult to find elsewhere. i.e the others., as he by his own admission uses many aliases.
i hope you 2 will one day converse as i would find your conversations and exchanges most interesting to follow.
good luck to you
regards
jkd

gibby - 21 Feb 2010 08:55 - 72 of 429

from another bb

http://img213.imageshack.us/img213/9752/solod.jpg

Pointdexter - 21 Feb 2010 11:16 - 73 of 429

Incredibly Monsewer TLW have a 75% well success rate. So there! Go to Newmarket - awful track - prefer Lewes.

TheFrenchConnection - 21 Feb 2010 19:58 - 74 of 429

jkd - Oddly enough i came upon the said invidual on the very thread u mention . Twas very complimentary about both france and its people; positevely waxed lyrical . Even i wish i could say such things with such blind conviction :-)) But this is not a sentiment shared by many of his fellow brits :-)). Sorry to be a little dim ; but your sentance commencing " you may find him" and ending with "many aliases" is a little lost on me Perhaps my interpretation is wrong but are you suggesting that he and l are one and the same person ? ...Being a gambler all i can say is that you would lose your shirt if you bet on it.vous vous trompez !. Multiple ids on the same board should be stopped./disallowed .The culprits must have a disorder. Personally i think its a waste of time and energy......bonne chance a' vous aussi....a'bientot JK @+......Do you hold a position reg SOLO non pote ?

TheFrenchConnection - 21 Feb 2010 20:14 - 75 of 429

With reg to english tracks - l prefer tight courses @ both the roodee @ Chester and York.With folkestone and its tight bends . The prizemoney in Eng. is crap tho. So better racing to be had at home . ..................l know TLW have a good success rate in strikes / said as much in my post. But you cant deny it is a Sh** or bust scenario for SOLO . Plus l juste dont like SUB 1p shares with billions of shares floating around

required field - 22 Feb 2010 09:47 - 76 of 429

.....I'm going solo down in Acapulco......no rns yet....it's going to be one of those mid-day ones and if you're not watching.....ouch if it's negative !.

cynic - 22 Feb 2010 10:52 - 77 of 429

this is another of those very very dangerous micro-mini stocks ..... not only is it MM only, albeit that there are a good number of them, but it is offered in tranches of only 100k which is barely 900 even today

required field - 22 Feb 2010 10:55 - 78 of 429

It's a gamble, but in the event of success : big gas discovery or even better, oil....something above 2p would be the base....100% in sp at least...I have a few and probably will not add....

Balerboy - 22 Feb 2010 15:21 - 79 of 429

worrying we've heard nothing up to now... if there was good news it would be out by now.

mnamreh - 22 Feb 2010 15:28 - 80 of 429

.

Balerboy - 22 Feb 2010 15:31 - 81 of 429

been there before....

mnamreh - 22 Feb 2010 15:37 - 82 of 429

.

jkd - 22 Feb 2010 20:36 - 83 of 429

TFC
re your post no. 70
editing/changing "talking for myself" to "personally"is a grammatical ok with me.
regards to you.
jkd

Pointdexter - 23 Feb 2010 08:22 - 84 of 429

Good old fashioned tree shake - for investors the good news is coming!

Balerboy - 23 Feb 2010 08:34 - 85 of 429

my tree's beginning shake.....

cynic - 23 Feb 2010 08:36 - 86 of 429

i just follow this one in idle curiosity - however, if i have seen correctly, the much-vaunted and strongly positive rns has yet to materialise and is now quite o'due ...... ask not for whom the bell tolls; it tolls for thee

required field - 23 Feb 2010 08:42 - 87 of 429

The rns will appear on the Tullow Oil site first....I remember that with Gulfkeystone : it took ages before the crucial information came through.....it might be gas and not oil...or nothing at all except mud and water...gulp !...

mnamreh - 23 Feb 2010 08:42 - 88 of 429

.

gibby - 26 Feb 2010 10:55 - 89 of 429

news imminent imo - gla

i would not want ot be out of solo right now!!!

Balerboy - 26 Feb 2010 14:12 - 90 of 429

still waiting...........thats a poster on here isn't it...

required field - 26 Feb 2010 14:35 - 91 of 429

The so awaited rns will be on the TLW site first.....keep an eye on that....it's got to be next week...

niceonecyril - 01 Mar 2010 07:33 - 92 of 429

A great result and the market's in a bouyant mood.

01 March 2010 - Maurel & Prom (85% operator) today issued the following press
release relating to drilling on the Onal licence in which Tullow Oil plc has a
7.5% interest:

The exploration well OMOC-N-1, drilled in the Onal AEE, has identified a
111-metre column of oil in the Gr du Kissenda. Pump tests have established a
flow of 1,700 bpd of oil (flow limited by the pump's maximum capacity) with an
API of 33.4.

cynic - 01 Mar 2010 08:00 - 93 of 429

sorry for being very stupid indeed, but what has TLW's find in gabon got to do with SOLO's interest is a site in tanzania?

required field - 01 Mar 2010 08:02 - 94 of 429

Wrong rns !....good for TLW only !.

cynic - 01 Mar 2010 08:07 - 95 of 429

not even for TLW especially as they only have 7.5% interest

niceonecyril - 01 Mar 2010 08:36 - 96 of 429

Oop's stupidity on my part,i did wonder but as i'd sold out the other day to top up in RXP,perhaps a little casual? lol
cyril

skyhigh - 04 Mar 2010 10:04 - 97 of 429

Just bought another 95k shares @ .00679.....showed as a sell!

required field - 04 Mar 2010 13:11 - 98 of 429

Skyhigh : you are risking everything...it's a toss of a coin on this...

mnamreh - 04 Mar 2010 13:36 - 99 of 429

.

skyhigh - 04 Mar 2010 13:43 - 100 of 429

RF....not everything by any means (but still a fair chunk!)....appreciate that this could be a duster/let down etc., hopefully we'll hear one way or another by end of next week.

gibby - 04 Mar 2010 15:35 - 101 of 429

hopefully we will hear tomorrow or monday latest

gibby - 06 Mar 2010 08:19 - 102 of 429

remember solo is not just 1 hole:

Tullow operates two onshore licences in the Tanzanian portion of the Ruvuma Basin with partners Aminex and Solo. The combined 12,360 sq kmSquare kilometres acreage lies approximately 500 kmKilometres south of Dar es Salaam, along the Mozambique border and comprises of the Mtwara and Lindi licences. The licences are adjacent to the Mnazi Bay gas field which was discovered in the 1980s. Tullow acquired the licences through the acquisition of Hardman Resources in January 2007.

Licence list

Licence Fields Area

sq kmSquare kilometres Tullow interest Operator Other partners

Lindi 7,315 50.00% Tullow Aminex, Solo

Mtwara 5,045 50.00% Tullow Aminex, Solo



result due any time:

Following further 2D seismic reprocessing it has now been decided to prioritise the Likondi prospect ahead of the Mikindani prospect. The well is currently drilling with a result expected during February.

Planned 2010 Exploration Programme

Licence/

Block Prospect/

Campaign Interest Date/Status

Lindi & Mtwara Likondi 50% (op) Q1 2010

http://www.tullowoil.com/our-business/where-we-operate/africa/tanzania.html

http://www.tullowoil.com/our-business/where-we-operate/africa/tanzania/E-and-A.html

gibby - 06 Mar 2010 17:07 - 103 of 429

from another bb:

The reason david lenigas solo has a stake in this drill is due to lonrho plc successfully owning a high stake in lubafreeport,, the only port that sits in the middle of tanzania & other african countries its a tax haven for oil companies & due to grow strongly over the years,, so with lenigas & solo, striking deals with tlw & aex,, more should follow for solo,, check www.lubafreeport.com & check the oil companies already based ,,,,, no wonder D.L wants to make solo a large oil company in the future ,,,, he owns the port,, yes am a shareholder with lonrho...DYOR

&

Good work, for a minute I thought you were a little confused between Equ Guinea and Tanz ..... well spotted.

http://www.lubafreeport.com/Doc/Q4Update20.08.09.pdf

http://www.solooil.co.uk/about-board.php

Master RSI - 17 Mar 2010 15:58 - 104 of 429

Bouncing for the last couple days with very large volume today. All the Indicator positive just now
Very narrow spread at the moment 0.74 / 0.75p

expecting drilling results before the end of the month

Chart.aspx?Provider=EODIntra&Code=SOLO&SChart.aspx?Provider=EODIntra&Code=solo&S

blackdown - 01 Apr 2010 08:20 - 105 of 429

Join the DES & EME club.

niceonecyril - 01 Apr 2010 08:24 - 106 of 429

Likonde-1 exploration well result

1 April 2010 Solo Oil Plc ("Solo") advises the following update made today by
Tullow Oil PLC and Aminex PLC ("Aminex") on the Likonde-1 well in Tanzania.

"I April 2010 - Tullow Oil plc (Tullow) announces that the Likonde-1 well,
onshore Tanzania, has encountered thick sands with hydrocarbon shows.

Likonde-1 is located in the Lindi Block in the Ruvuma Basin of Southern
Tanzania. The well has been drilled to a total depth of 3,647 metres and results
of drilling, wireline logs and side-wall coring have shown that the well has
intersected two sandstone intervals of over 250 metres (820 feet) combined
thickness with evidence of residual oil and gas. Drilling had to be terminated
in the deepest objectives due to high gas influx.


The well, which is now being plugged and abandoned, is the first of a two-well
programme within the prospective Ruvuma delta region. The encouraging results
will be followed up with detailed technical work prior to selecting the next
drilling location.

Tullow (50%) operates the Lindi and Mtwara blocks in partnership with Aminex
Solo Oil is earning an interest through farming into 12.5% of Aminex's 50%
interest in the well and has an option to elect to become a full joint venture
partner. If Solo exercises its option, Aminex's interest in the Ruvuma Licence
will be reduced to 37.5%.

Commenting today, Angus McCoss, Tullow's Exploration Director, said:
"Likonde-1 is an encouraging well with follow-up exploration potential. The
valuable technical insights gained are now being incorporated into our regional
geological model to further evaluate this promising basin in Southern
Tanzania.""


Solo's Chairman David Lenigas commented:
"The completion of Likonde-1 and the results obtained from the Company's first
wildcat well in Africa represents a major step forward in establishing the
potential of the Ruvuma Basin. Solo has the option of becoming a full joint
venture partner with 12.5% of the entire 12,360 sq kilometre Ruvuma Licences by
committing to the second well."


Looks like a lot of panic selling
cyril

skyhigh - 01 Apr 2010 08:28 - 107 of 429

On the face of it not brilliant news but it's not a total disaster and the selling is overdone....could be a time to pick up some more at this low level (imho)

required field - 01 Apr 2010 08:34 - 108 of 429

You have to be kidding....this is the wrong one to be in...TLW are up....and watch Aminex's sp recover...but not this one....

Balerboy - 01 Apr 2010 08:37 - 109 of 429

think the men in white coats would be paying you a visit RF if you had a shed load of these as well as DES.... lol

required field - 01 Apr 2010 08:42 - 110 of 429

Zero Solo....but loads of Aminex....sp recovering now...told you so...

niceonecyril - 01 Apr 2010 08:43 - 111 of 429

Usual pattern panic at 1st with a large drop and then recovering some of the losses.Similar with DES and those with the balls could have made a nice short term profit.
cyril

teddybear5 - 01 Apr 2010 09:03 - 112 of 429

ho god we are fkuced

required field - 01 Apr 2010 09:20 - 113 of 429

Like I said...this is not the one to be in....it's not a bad result because the second well is going to be drilled, probably sooner than we think, but this is a one trick poney with no funds....far too risky !.

moneyplus - 01 Apr 2010 13:41 - 114 of 429

read post 420 on AEX thread---all is not lost!

required field - 01 Apr 2010 14:04 - 115 of 429

No...but in this one there is a long wait...can't believe you lot are in this when Aminex has most of the potential.

cielo - 12 Nov 2010 09:21 - 116 of 429

Solo Oil could go So high ...... It is today

Chart.aspx?Provider=EODIntra&Code=solo&S

mnamreh - 12 Nov 2010 09:37 - 117 of 429

.

Proselenes - 25 Nov 2010 01:05 - 118 of 429

Worth a read :

http://boards.fool.co.uk/solo-oil-halves-option-exercise-price-12104125.aspx

.

skyhigh - 30 Dec 2010 10:09 - 119 of 429

I'm still in these from a while back although I did sell over half my outlay a few months back to put into RRR which paid back handsome gains,

Here's hoping that 2011 will be the year that we see some good progress with this one!

mnamreh - 05 Jan 2011 08:51 - 120 of 429

.

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 OIL PLC

("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."

Enquiries:

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.

Chart.aspx?Provider=EODIntra&Code=SOLO&S

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

Cool..!

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 OIL PLC

("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

SOLO OIL PLC

("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!

Chart.aspx?Provider=EODIntra&Code=SOLO&S

skinny - 26 Apr 2011 16:06 - 141 of 429

Half a billion traded again today.

TopAnalyst - 26 Apr 2011 18:13 - 142 of 429

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

the manageress - 26 Apr 2011 19:28 - 143 of 429

Weird! You seem to be repeating the same thing on all the threads, even ones you've never posted on before.

Balerboy - 26 Apr 2011 21:04 - 144 of 429

Attention seeking twit.,.

Balerboy - 26 Apr 2011 22:06 - 145 of 429

Thank goodness for TA.......broke up very boring day otherwise, weldone mate.,.

skinny - 27 Apr 2011 08:10 - 146 of 429

2p or not 2p?

required field - 27 Apr 2011 08:14 - 147 of 429

Damn..sold out at 1.57p and was happy with that last week.....2p now.....

skinny - 28 Apr 2011 07:29 - 148 of 429

Exercise of Options



Solo Oil plc today announces that it has issued and allotted 30,500,000 new Ordinary Shares of 0.01 p each pursuant to an exercise of 30,500,000 options at an exercise price of 0.5p.



Application will be made for the new ordinary shares to be admitted to trading on the AIM Market. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on 6 May 2011.



Following admission of the new ordinary shares as set out above, and of the 150,000,000 new ordinary shares issued under the placing announced on 20 April 2011, the Company's enlarged issued share capital will comprise 2,260,820,634 Ordinary shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company therefore will be 2,260,820,634 Ordinary shares.

skinny - 04 May 2011 07:57 - 149 of 429

RNS Number : 8644F

Solo Oil Plc

04 May 2011

Immediate Release

04 May 2011

Solo Oil plc

('Solo' or 'the Company')

Exercise of Options

Solo Oil plc today announces that it has issued and allotted 70,500,000 new Ordinary Shares of 0.01 p each pursuant to an exercise of 70,500,000 options at an exercise price of 0.5p.

Application will be made for the new ordinary shares to be admitted to trading on the AIM Market. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on 10 May 2011.

Following admission of the new ordinary shares as set out above, in addition to the 150,000,000 new ordinary shares issued under the placing announced on 20 April 2011 and the 30,500,000 new ordinary shares issued under the option exercise announced on 28 April 2011, the Company's enlarged issued share capital will comprise 2,331,320,634 Ordinary shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company therefore will be 2,331,320,634 Ordinary shares.

gibby - 04 May 2011 08:34 - 150 of 429

whoops - david laughing gas at it again lol

jeffmack - 17 May 2011 10:00 - 151 of 429

Flying today. News on the way?

skinny - 24 May 2011 07:40 - 152 of 429

Acquisition


Acquisition of Canadian Interests

Solo Oil plc is pleased to announce that it has entered into a binding Heads of Agreement ("the Heads of Agreement") with Reef Resources Ltd ("Reef") to earn a 38.1 % direct working interest in the Ausable Field and surrounding properties in South Western Ontario ("the Properties").

Highlights:

Production testing will soon commence on Ausable#5

Ausable #5 contains 72 metres of net hydrocarbon bearing pay

Further wells are planned along with expansion of the production facility during 2011

To gain a 38.1% working interest Solo will:

1. Convert its existing Participating Loan of CDN$ 1.65 million into a direct working interest in the Properties, and

2. Invest up to an additional CDN$ 2.35 million in the Properties


skinny - 01 Jun 2011 14:49 - 153 of 429


RNS Number : 6316H

Solo Oil Plc

01 June 2011

For Immediate Release

1 June 2011

SOLO OIL PLC

("Solo" or the "Company")

Update, Ausable #5, Canada

Solo Oil plc, the AIM listed International Oil and Gas exploration and development company, today has been informed of a new timetable for testing and completion 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:

June 1, 2011 - Calgary, Alberta - Reef Resources Ltd. (REE - TSX.V) ("Reef" or the "Company") anticipates that the completion rig will be moved on site early next week and the completion acid job will be conducted by the end of next week. Flow testing of the well will be conducted upon completion of the acid job.

Movement of the drilling rig off the Ausable # 5 well and the subsequent move of the completion rig on the site have been hampered by extremely high rainfall conditions in South Western Ontario.

Reef recently completed the log analysis on its Ausable # 5 well. Log analysis indicates 72 metres net pay of oil and NGL's in the Guelph and A2 formations.

Reef will be announcing test results after completion of Ausable #5 and the details of the next development steps in the Enhanced Oil Recovery - Natural Gas Liquids program in due course. The Ausable reef is currently on production and is generating revenue from the initial program which commenced in 4th quarter 2010.

skinny - 07 Jun 2011 07:38 - 154 of 429

SOLO OIL PLC

("Solo" or the "Company")

Drilling Plans, Tanzania


Solo Oil plc, the AIM listed International Oil and Gas Exploration and Development Company, today announces plans for the drilling of an exploration well, Ntorya-1, in the Mtwara Block of the Ruvuma Basin PSA in Tanzania with its partners Tullow Oil plc (operator) (LSE:TLW) and Aminex plc (LSE:AEX).


In 2010 the partnership, in which Solo holds a 12.5% interest, drilled the Likonde-1 well in the Lindi Block. The Likonde-1 well was drilled to a TD of 3,647 metres and intersected two sandstone intervals with a combined thickness of over 250 metres (820 feet), with evidence of residual oil and gas. Drilling of Likonde-1 was terminated due to high gas influx.


The Ntorya-1 well will be drilled in the Mtwara Block about 14 kilometres south of Likondi-1. It is planned to drill the well to a total depth of around 2020 metres, targeting the same high quality Lower Tertiary reservoir sands encountered in the Likonde-1 well. Seismic interpretation places the sands structurally up-dip at Ntorya-1 relative to Likonde-1. Solo estimate that the well has a probability of success for the discovery of hydrocarbons (oil or gas) of approximately 20%, and that there is a mean recoverable resource potential of approximately 630 bcf.


The Tanzanian authorities have approved the drilling, which meets a licence obligation in the current exploration period of the PSA. The Caroil-6 rig has been secured for this well and it is expected to spud in September or October 2011.


Solo Executive Director Neil Ritson commented;


"We are delighted that approval has been given to the drilling of Ntorya-1, which is a stratigraphic up-dip test of the sands found in the Likonde-1 well drilled last year. Ntorya is one of several possible prospects and we feel confident that many more leads can be matured for drilling in this highly prospective and under-explored basin."



skyhigh - 09 Jun 2011 22:07 - 155 of 429

This is bubbling under too! Soon to breakout big time ! (imho)

skinny - 17 Jun 2011 07:32 - 156 of 429

I like the "Competent Person's Statement" :-)

RNS Number : 6118I

Solo Oil Plc

17 June 2011

For Immediate Release

17 June 2011

SOLO OIL PLC

("Solo" or the "Company")

Testing Underway at Ausable#5, Canada

Solo Oil plc, the AIM listed International Oil and Gas Exploration and Development Company, today announces the commencement of testing at 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:

June 16, 2011 - Calgary, Alberta - Reef Resources Ltd. (REE - TSX.V) ("Reef" or the "Company") announces the contracted service rig is now on the Ausable # 5 well in preparation for the testing and completion. The completion program comprises drilling out cement and a bridge plug in the production casing, swab testing of the lower Goat Island zone and completion of the Guelph formation using a multi-stage selective acid treatment. After acidization the well will be flow tested over a period of several days to ensure clean up. These operations are expected to take between 15 to 25 days to complete.

Reef previously announced the log analysis on the Ausable # 5 well, with log analysis indicating 72 metres net pay of oil and NGL's in the Guelph and A2 formations.

Reef will be announcing test results after completion of Ausable #5 and the details of the next development steps in the Enhanced Oil Recovery - Natural Gas Liquids program in due course. The Ausable reef is currently on production and is generating revenue from the initial program which commenced in 4th quarter 2010.

Executive Director of Solo, Neil Ritson commented; "We are delighted that the programme is now underway and we look forward to the results of this important testing in the next few weeks."

As previously announced on the 24 May 2011 Solo is in the process of converting its participating loan and providing additional funding to acquire a 38.1% working interest in the Reef Ontario properties including the Ausable#5 well.

Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

skinny - 21 Jun 2011 16:33 - 157 of 429

Finally an open candle.

Chart.aspx?Provider=EODIntra&Code=SOLO&S

skinny - 08 Jul 2011 12:49 - 158 of 429

Up today - I guess in anticipation of imminent news.

skinny - 12 Jul 2011 07:03 - 159 of 429

RNS Number : 1931K

Solo Oil Plc

12 July 2011

Immediate Release, 7 am

12 July 2011

Solo Oil plc

('Solo')

Ausable #5 Preliminary Test Results

Solo Oil plc today announces the initial results of testing at the Ausable#5 well in South Western Ontario by its Joint Venture partner Reef Resources Limited ("Reef").

Reef has released a statement giving an update on the progress of operations in the Ausable field following acidization and swabbing operations at Ausable #5. Reef has now moved the service rig to the Ausable #2 well where it is planned to retrieve the fraccing tools left in the well in 2010, and is also seeking to optimise field operations through the installation of more efficient pumps.

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

The Company (Reef) also reports that the Ausable #5 well completion has been successful. Initial test results after acidization and during flow back and clean up indicate the well has met or exceeded our expectations. Due to the oil foaming, which is caused by a combination of high gas oil ratio and very light gravity oil, flowing volumes were difficult to obtain using conventional swabbing methods. The Company now plans to tie-in the well to the central Ausable process facility within the next 7 - 10 days so as to conduct an online test to better determine oil, gas and gas liquids production rates. It is anticipated that flow test results will be provided by August 1, 2011.

A fishing program at Ausable #2 horizontal well to recover stage frac tools is currently being finalized with the intent of starting fishing operations, using the service rig from Ausable #5, on or before July 25, 2011.

Additionally, the Company is currently completing the design for a more efficient pumping configuration to be deployed in all the Ausable wells. The new design is hoped to improve down-hole pumping efficiencies thereby increasing oil and gas liquids production. The objective is to have these production improvements complete by September 2011.

The Ontario properties include the Ausable, Airport North and Airport South reefs as well as surface equipment, a 23,000 acre 3D seismic survey and other associated gas storage and reinjection rights.

Neil Ritson, Solo Executive Director, commented:

"Every indication we have is that Ausable #5 will be an excellent producing well and will substantially increase the output from the field. Bringing well #2 on-line will also make a significant impact. With a total of four producing wells the optimisation of the pumps is the next step in enhancing overall production."

Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

rococo - 21 Jul 2011 17:19 - 160 of 429

KEEP an EYE

1.365p ( 1.35 / 1.38p )

On the up with volume. Good buying today ahead of flow rates news on 1 August

Improving at the end to 2 v 1 on the level 2 ( was 1 v 1 )

-------------------------

Second time I got the bugger with the word "shit" this week, I said last time is was because he has it all over his face since born,
I am sure it is true now.


cynic - 16 Nov 2009 17:35 - 21 of 159
buy dogs and you get dog shit!

cynic - 21 Jul 2011 17:33 - 161 of 429

quite possibly, but i come up smelling of roses surprisingly often ...... you must be doing an awful lot of research to find all these ancient posts of mine!

btw, if you keep on talking about buggery, you may well find a load of shit on your cock!! .... either that, or we may have to rechristen you as brontesaurus

rococo - 22 Jul 2011 09:42 - 162 of 429

you must have the last word don't you?

there are answers for all the questions, and as allways you are WRONG once again.


re - you must be doing an awful lot of research to find all these ancient posts of mine!

Not a minute I wil spend on looking for someone full of SHIT like you, as a new poster I click SOLO thread and that was there at the beguining of the thread or last of the page 1.
The thought in you mind that you are clever just shows you are not, just badness and full of shit coming out of you BIG mouth once again.


re - btw, if you keep on talking about buggery, you may well find a load of shit on your cock!!

Once again you must be talking by experience, posting about you and my doing it is a complete different thing.

rococo - 22 Jul 2011 09:52 - 163 of 429

and talking about the shares further movement up this morning

Chart.aspx?Provider=Intra&Code=SOLO&Size&Chart.aspx?Provider=Intra&Code=SOLO&Size   Chart.aspx?Provider=EODIntra&Code=SOLO&S

cynic - 22 Jul 2011 10:04 - 164 of 429

oh dear oh dear ..... learn to lighten up

Balerboy - 22 Jul 2011 10:50 - 165 of 429

Seems mrsi is back.,.

skinny - 22 Jul 2011 11:12 - 166 of 429

He has been for a while !

cynic - 22 Jul 2011 11:16 - 167 of 429

nah - rockyhorror is ok; he just hasn't got used to my warped self yet

dreamcatcher - 22 Jul 2011 15:18 - 168 of 429

I have. lol

hlyeo98 - 02 Aug 2011 07:55 - 169 of 429

Investors showed their displeasure on Monday after oil and gas explorer, Solo Oil, said it was struggling to produce oil at one of its Canadian fields.

The firm said its joint venture partner, Reef, was having problems at its Ausable #5 well in South Western Ontario.

Solo said that Reef had indicated that the produced oil "continues to foam with the completion fluids and that as a result it has so far not been possible to establish a representative production rate".

"Reef is exploring alternative pumping strategies and has indicated that they will report further on progress shortly," Solo said in a statement.

dreamcatcher - 02 Aug 2011 08:18 - 170 of 429

Any poor rns in these trading times is off to intensive care.

hlyeo98 - 02 Aug 2011 09:14 - 171 of 429

Or sometimes the mortuary.

cynic - 02 Aug 2011 21:14 - 172 of 429

i won't take the piss of rocky as there is hardly a stock that hasn't taken a pasting .... that said, it'll be interesting to see what happens to the likes of Solo when london opens on the morrow ..... for sure it (they) will be hammered, and it is also very likely that spreads will be ludicrous and accepted volumes to sell severely truncated

privatesharedealer - 04 Aug 2011 08:35 - 173 of 429

Solo seems to be taking a breather from its share price fall of recent days.
The shares have almost halved in price since May.

I wonder if they are retreating back to April levels (around 0.5p)?

dreamcatcher - 04 Aug 2011 18:02 - 174 of 429

Thursday 04 August, 2011Solo Oil Plc
Update Ausable Field
RNS Number : 7704L
Solo Oil Plc
04 August 2011



Immediate Release, 2.30pm



4 August 2011



Solo Oil plc

('Solo')



Update Ausable Field



Solo Oil plc today announces further progress on the Ausable Field in South Western Ontario by its Joint Venture partner Reef Resources Limited ("Reef").



Reef has released a statement giving a further update on the progress of operations in the Ausable Field where the successful Ausable#5 well is being tested and fishing operations are underway at the Ausable#2 well to recover tools left in the well during previous operations.



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



August 4, 2011 - Calgary, Alberta - Reef Resources Ltd. announces that significant progress is being made on determining the Ausable #5 future flow rate. The presence of very light oil, blended with natural gas condensates, creates foamy oil conditions and consequently the current mechanical bottom hole pumping configuration is operating at very low efficiency causing erratic flow rate and high fluid levels in the wellbore. The Ausable field has now been shut in for a period of time to provide fluid level and pressure build up data that is necessary to determine the Ausable #5 likely flow rate using industry accepted inflow analysis technique and will be reported as soon as all data is processed.

When the likely ultimate flow rate has been estimated Reef will be able to design and execute a plan for long term lifting of the well fluids using revised pumping techniques that will allow the full potential of the well to be realised.

The removal of the frac tools from Ausable # 2 is also progressing. The first stage of tubing cuts have been successfully executed and will now concentrate on extracting the frac tools over the course of the next few days. Once the frac tools are removed the Company will report on the status of Ausable #2.

Arnie Hansen stated, "While still at a preliminary state, Ausable # 5 is looking very positive and the Company's engineering team is working on a solution to increase pumping efficiencies therefore increasing production. This is the first stage of optimization with next goal to acquire and inject natural gas to re-pressure the reef that will significantly increase production and demonstrate the true value of the Ausable pool."



Neil Ritson, Solo Executive Director, commented:

"We are very pleased see that further progress is being made on establishing production at both well #2 and well # 5. We look forward to further updates as the work progresses."



Competent Person's Statement:



The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.



For further information:



Solo Oil plc

David Lenigas

Neil Ritson


+44 (0) 20 7440 0642






Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

Felicity Geidt


+44 (0) 20 7628 3396






Shore Capital

Joint Broker

Pascal Keane

Jerry Keen


+44 (0) 20 7408 4090






Pelham Bell Pottinger

Financial Public Relations

Mark Antelme

Henry Lerwill
+44 (0) 20 7861 3232














This information is provided by RNS
The company news service from the London Stock Exchange

END


DRLDKQDNBBKDQFK


Investegate takes no responsibility for the accuracy of the information within the site

cynic - 04 Aug 2011 19:15 - 175 of 429

what's happened to rocky?

grannyboy - 05 Aug 2011 14:42 - 176 of 429

Whats happening at Solo?, lots of buys coming in....

skinny - 05 Aug 2011 15:26 - 177 of 429

rocky is MRSI!

the manageress - 12 Aug 2011 13:44 - 178 of 429

Why the jump, anyone??????????????????/

dreamcatcher - 12 Aug 2011 13:48 - 179 of 429

Await news on TSX this aft?

dreamcatcher - 12 Aug 2011 13:57 - 180 of 429

News from reef expected 1.30pm onwards if it comes?

the manageress - 12 Aug 2011 14:01 - 181 of 429

Could it be the ban imposed on short selling imposed by European financial market regulators.????//

grannyboy - 12 Aug 2011 16:21 - 182 of 429

the manageress, the shorting bans only on Banks i believe??, but news is due? so could be Monday Reef who's the operator trades on the TSX Canadian stock market..

dreamcatcher - 12 Aug 2011 17:21 - 183 of 429

PROACTIVE NEWS SUMMARY: Solo Oil

Todays news coverage by Proactive Investors included a report on Solo Oil (LON:SOL) which saw its shares rally over 25 per cent or 0.25 pence to 1.23 pence by mid-afternoon. Shares in Solo were driven by speculation on bulletin boards that the company is about to reveal some good news from its Ausable No 5 well onshore Ontario.

On 4 August the company said significant progress was being made by its joint venture partner Reef Resources (CVE:REE) on determining flow rates at Ausable Nos 5 well.

Reef has been seeing variable oil flow volumes at the well.

In the 4 August statement, the company noted that the Ausable field had been shut in for a period of time to provide fluid level and pressure build up data that is necessary to determine Ausable No 5s likely flow rate.

Bulletin boarders today were speculating a positive statement on Ausable No 5 could be put out by the two companies this afternoon or on Monday.

dreamcatcher - 14 Aug 2011 00:52 - 184 of 429

http://t.co/8BbFn1F

skinny - 01 Sep 2011 07:41 - 185 of 429

RNS Number : 3948N

Solo Oil Plc

01 September 2011

Immediate Release, 7 am

1 September 2011

Solo Oil plc

('Solo')

Operations Update Ausable Field

Solo Oil plc today announces further progress on the Ausable Field in South Western Ontario by its Joint Venture partner Reef Resources Limited ("Reef"). Reef has released a statement giving an update on the progress of operations in the Ausable Field including improved pumping operations and the successful removal of the obstructions for Ausable # 2.

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

August 29, 2011 - Calgary, Alberta - Reef Resources Ltd. (REE - TSX.V) ("Reef" or the "Company") announces that the Company plans to install a hydraulic venturi downhole pump in well Ausable # 5. This proven oilfield technology, replacing conventional bottomhole pumps with venturi units, is currently being installed and tested on the Ausable #1 well. The hydraulic unit is designed to operate efficiently with the light oil and condensate currently being produced from the Ausable reef and will provide optimum production flow rates. It is anticipated that the hydraulic pumping units will also be installed in Ausable # 2 and Ausable # 4 over the course of the next two months.

Following the installation of the venturi pump in Ausable # 5 the Company will be in a position to accurately report production flow rate in addition to production potential with the previously announced Enhanced Oil Recovery (EOR) and cyclic natural gas liquids (NGL's) program. Under the EOR program, reservoir analysis and design work to date indicates re-pressurization of the reservoir will have a significant positive impact on overall field production and recovery factors. Results and updates of the Company's optimization program and implementation of the cyclic gas EOR program will be released once fully operational.

Reef is also pleased to announce that two of the three frac tools from the Ausable #2 horizontal well have been successfully recovered. Approximately 75% of the productive zone is now open. Additional fishing operations are not viewed as cost effective and the Company will be moving forward with wellbore clean up and flow testing. A further announcement will be made once the well is on stream.

Arnie Hansen stated, "We continue to view Ausable # 5 very positively and the Company's engineering and operations team is working diligently to increase production by implementation of the venturi pumping system followed by the re-pressurization of the reef and commissioning of the EOR and NGL program. There are numerous analogous fields where these types of optimization efforts have successfully yielded significant increases in production once in operation."

Neil Ritson, Solo Executive Director, commented:

"Establishing the optimum technologies for sustainable production at Ausable is a major part of the programme and we are pleased that Reef has made some significant advances. The final completion of wells #2 and # 5 and the commencement of EOR operations are both important milestones in our investment and we look forward to a further update shortly."

Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

skinny - 08 Sep 2011 07:34 - 186 of 429

For Immediate Release, 7 am

8 September 2011

SOLO OIL PLC

("Solo" or the "Company")

Tanzania Update

Solo Oil plc is today announcing an update on its plans for the drilling of an exploration well, Ntorya-1, in the Mtwara Block of the Ruvuma Basin PSA in Tanzania with its partners Tullow Oil plc (LSE:TLW) ("Tullow") and Aminex plc (LSE:AEX) ("Aminex").

Further to the announcement on 7 June 2011, plans for the Ntorya-1 well have now been finalised with the all major services tendered and the Caroil-6 rig mobilisation agreed to follow the current Aminex well Nyuni-2. The well will most likely be spudded in early November and is programmed to take 25 days to drill to a planned TD of 2026 metres.

Solo is also pleased to announce that it has increased its stake in the Ruvuma Basin PSA from 12.5% to 18.75% in an agreement with Tullow in which Solo will assume the future obligations on the additional interest. Both Solo and Aminex have acquired additional interests in the PSA and Aminex will take over as operator from Tullow with immediate effect. Tullow will retain a 25% interest and will continue to support the joint venture with regional expertise and logistics.

The assignment is subject to final Tanzanian Government approval, which is expected to be granted shortly.

Solo Executive Director Neil Ritson commented;

"The Ntorya-1 well, which is a follow up to the Likonde-1 well drilled in 2010, is an important further test of the largely unexplored onshore Ruvuma Basin. Both Solo and Aminex have a strong focus on Tanzania and by gaining a greater participation in the PSA will jointly be able to advance the work programme more quickly. The long term potential is significant and we are very keen to continue the work started at Likonde as soon as possible."

machoman - 21 Sep 2011 09:57 - 187 of 429

now 0.875p +0.13p +17.4%

What a funny world, yesterday MMs marking the stock down on large spread for no reason,
this morning marking it up and now a roller coaster with volume 33M

nobody knows anything but most likely the update is round the corner

skinny - 21 Sep 2011 09:59 - 188 of 429

Nice to see an open candle - although the volume is nothing special.

Chart.aspx?Provider=EODIntra&Code=SOLO&S

machoman - 21 Sep 2011 10:28 - 189 of 429

skinny

re - volume is nothing special.

Is only if you are looking at the right things and taking notice of the time of the day.

one thing is only 2 hours gone from starting of trading and usually is 8 hours on my count,
so if 40M is multiply by 4 it makes 160M by the end of the day.
does it look any better now?

It seems you are comparing volume when the share price more than double from 0.45p to 1.10p.

Chart.aspx?Provider=EODIntra&Code=SOLO&S

skinny - 21 Sep 2011 10:35 - 190 of 429

46 million traded is @395,600 worth - and about 1.9%of total shares (2,331.32m) in issue.

machoman - 21 Sep 2011 13:20 - 191 of 429

someone is editing above

they are on the way up again after earlier profit taking and the pause

Chart.aspx?Provider=Intra&Code=solo&Sizep.php?pid=staticchart&s=L%5ESOLO&width=5

no much is working properly at " moneyam " and over her is the charts

skinny - 21 Sep 2011 13:33 - 192 of 429

machoman/cielo/rococo/master RSI - yes I edited the value of shares traded as I had the decimal point wrong in my original calculation. Btw this was before your edit of post 189.

I still hold these - but as I've stated up the thread, what I have are free. I still maintain that the volume - now a whopping 55 million, is hardly out of the ordinary - both your chart and mine show this - merely stating facts.! :-)

machoman - 21 Sep 2011 13:56 - 193 of 429

"skinny" maybe you need to eat more and get FAT

shouting loud it will get you nowhere, it seems you need more body


re - but as I've started up the thread

And I thought is was " skyhigh ", maybe it was when you were "high" on drugs ( cocaine, LSD, marihuana or was something else)

re - I still hold these

you must be stupid or something, anyone with a bit of brain, would have put a stop loss and sell anything below 1.60p

If you must know I trade the stock, the stock market has not been good enough to hold with the economy in such a mess for sometime now.

Maybe is because I have more experience than you, on live, markets and naturally age.

What you say on the TOP thread is from the newspaper not your research, enough said about you.

Bernard M - 21 Sep 2011 14:02 - 194 of 429

Pity your spelling is not up to Skinny's standard.

skinny - 21 Sep 2011 14:04 - 195 of 429

I know English (to some) is a complicated language, so here goes - last try.

I said 'stated up the thread' - not 'started up the thread'.

The shares I have left are free because I sold half when they doubled and then half when they doubled again - not bloody rocket science!

Unfortunately I can't understand your last few sentences so can't (be bothered to) reply. :-)

machoman - 21 Sep 2011 14:22 - 196 of 429

skinny

editing again.......... and LIER now

I copied and paste your frase, I allways do, so do not come up with excuses now
Iit is not very good english ..........stated up the thread

you will never win with me cos I go with the truth and you are NOT, as easy as that.

You have just shoot yourself on the foot


re - I know English (to some) is a complicated language

it is for some, if like me is not their mother language, but English is not the problem but the lies and need of undertanding how market work is for you and plenty more.

never forget we are talking business not english and when someone reach to that point it means they lost their point

Bernard M - 21 Sep 2011 14:26 - 197 of 429

God machoman you need to go back to school, your English spelling is abominable. are you Greek.

skinny - 21 Sep 2011 14:27 - 198 of 429

Master RSI - ROFLMAO - Paranoia AND delusions of grandeur - what a mix :-)

machoman - 21 Sep 2011 14:42 - 199 of 429

skinny - not any longer - skyhigh

re - delusions of grandeur

GOOD for me, many thanks

I can say you are a LIER and cought with the trousers down ........... lucky you that the " Bernard M " greek man was not about say one American Joker

Bernard M - 21 Sep 2011 14:45 - 200 of 429

Are you joking with your spelling mistakes, no one could be that thick, not even the Pikey's of Dale Farm.

cynic - 21 Sep 2011 14:53 - 201 of 429

now where have i seen exactly those spelling mistakes before? ..... cielo? .... mrsi? .... certainly of that ilk

machoman - 21 Sep 2011 14:54 - 202 of 429

Bernard M -- are you a run away boy and wishing to comeback home?

American Joker says ............

Why did the little Greek boy run away from home?

He didn't like the way he was being reared.

skinny - 21 Sep 2011 14:57 - 203 of 429

Last post on this as I don't encourage people with spoach impodiments.

Look at this link (post 78) and you will see that I have been posting as skinny since the inception of MONEYAM and before that as Skinny on ADVFN and before that ...... etc.


http://www.moneyam.com/TradersRoom/posts.php?tid=2&from=1&to=500

skinny - 21 Sep 2011 14:59 - 204 of 429

cynic - check my post 192 - you missed one :-)

machoman - 21 Sep 2011 16:25 - 205 of 429

On the way up as the day reaches closing time, some are looking forward to tomorrow, usually with large volume there is more than one day trading higher

TWITTER-CTA.jpg Bernard M

Stop being a TURKEY, though is part of the " Matthews" family behaviour

Bernard M - 21 Sep 2011 16:43 - 206 of 429

reachen lol. sounds like a pikey.

Did you paint this macho

machoman - 22 Sep 2011 11:38 - 207 of 429

Of some interest to SOLO ........

Total steps up hub plans in east Africa
September 21, 2011 5:07 pm - By Sylvia Pfeifer, Energy Editor

Total has acquired a stake in five offshore blocks in the Lamu Basin, off the Kenyan coast, as the French oil company steps up its plans for a development hub in east Africa, which has emerged as one of the industrys new oil and gas provinces.
Under the deal announced on Wednesday, Total will acquire separate stakes from Anadarko, the US company, Britains Cove Energy and Dynamic Global Advisors, for a total interest of 40 per cent in the five blocks.

Oil and gas Foreign investors fund ventures into risky terrain
Interest in offshore east Africa has gained momentum since last year when Anadarko and Cove made a large gas discovery off the coast of Mozambique. This was soon followed by further discoveries by BG Group off the coast of Tanzania.
The transaction is part of a bold exploration strategy that consists of acquiring large stakes in high-potential frontier plays, said Marc Blaizot, Totals senior vice-president of exploration.

Recent discoveries in offshore Mozambique and Tanzania offer a very promising outlook for these Kenyan permits, he added.
John Craven, Coves chief executive, said: The addition of a company of the calibre of Total to our Kenyan deepwater partnership marks an industry acknowledgement of the significant exploration potential in these blocks.
After the deal, Anadarko will hold a 50 per cent interest in the blocks, with Cove retaining 10 per cent. A 3D seismic survey is currently under way. If the results are satisfactory, one or more exploration wells will be drilled.

The agreement is further evidence of Totals ambition to create a new development hub around east Africa. The company is involved in a joint venture development with Tullow Oil and China National Offshore Oil Corporation to tap into Ugandas oil rich Lake Albert rift basin. Total also recently secured exploration rights in Tanzania.

The drive into east Africa is part of a wider push by the group to step up its exploration spend and target high-risk but high-reward projects, partly in recognition that most of the big discoveries in recent years have been made by independent oil and gas companies which are traditionally seen as more nimble.

Total expects to spend $2.1bn on exploration this year, compared with $1.8bn last year and $1.5bn five years ago.
Richard Griffith at Evolution Securities said the agreement was yet another indication of the industrys renewed enthusiasm for east Africa and specifically for Total yet further evidence of its renewed vigour to rebuild it exploration portfolio after admitting a year ago it had not been spending enough in this area.

Totals production growth forecasts will be in focus next week when the company holds an investor day. Analysts at HSBC said that with recent acquisitions and progress on new projects, they believe Total is capable of growing production at 2.8 per cent annually over 2010-2016.

http://www.ft.com/cms/s/0/186b2586-e45f-11e0-844d-00144feabdc0.html#ixzz1Ybn7FisS

machoman - 27 Sep 2011 10:08 - 208 of 429

going places today as volume is rising again after last week doing the same

p.php?pid=staticchart&s=L%5ESOLO&width=4p.php?pid=staticchart&s=L%5ESOLO&width=5
moneyam - chart useless as ever, much the same as some posters

skinny - 06 Oct 2011 10:31 - 209 of 429

SOLO OIL PLC
("Solo" or the "Company")
Tanzania Update


Solo Oil plc today announces completion of the assignment of additional interests in the Ruvuma Basin PSA in Tanzania from Tullow Tanzania BV ("Tullow").

Further to the announcement on 8 September 2011, Tanzanian Government approval for the assignment of interest between Tullow and Solo has been received and the assignment has been completed. Solo now has a beneficial interest of 18.75% in the Lindi and Mtwara licences which jointly make up the Ruvuma PSA in onshore Tanzania.

Tullow has also confirmed that Ndovu Resources Limited, a subsidiary of Aminex plc, is now the operator of the PSA. Now that operatorship has been formally transferred; an update on the timing of the planned drilling of the Ntorya-1 well, anticipated to spud during November, is expected shortly.

fine one - 06 Oct 2011 13:08 - 210 of 429

was this share ipo at corn- HILL

skinny - 07 Oct 2011 07:05 - 211 of 429

Drilling Report.

Solo Oil plc today announces an update on activities at the Ausable Field in South Western Ontario operated by its Joint Venture partner Reef Resources Limited ("Reef") and recent test results from the Ausable #1 well, where 100 bopd have been achieved using a newly installed downhole venturi pump.

Adacol - 08 Nov 2011 08:21 - 212 of 429

News soon on a couple of fronts.....lots of buying the last couple of days!
Last chance at 0.7p.

skinny - 21 Nov 2011 07:35 - 213 of 429

Tanzania Drilling Update

Solo Oil plc today announced detailed plans for the Ntorya-1 well in the onshore Ruvuma Basin Petroleum Sharing Agreement ("PSA") in Tanzania where the Company holds an 18.75% interest.

PSA operator Ndovu Resources Limited, a subsidiary of Aminex plc ("Aminex"), has advised that the Caroil-6 rig which has been contracted to drill the Ntorya-1 well is currently being mobilised and is expected on site by early December and will spud the well in mid December.

The Ntorya-1 well, the second well drilled by the joint venture, will be drilled in the Mtwara Licence and is targeting marine basin floor fans of Oligocene and Cretaceous age. Over 250 metres of sandstones of this age were identified in the Likonde-1 well drilled in 2010 which encountered both oil and gas shows. At the planned well location the Ntorya stratigraphic pinch-out trap is mapped to be approximately 200 metres up-dip of Likonde-1 and lies approximately 15 kilometres further south. The play being tested is geologically analogous with the deep water discoveries already made in the Ruvuma Basin.

As previously reported Solo estimates that the well has a probability of success for the discovery of commercial hydrocarbons (oil or gas) of approximately 20% and has mean recoverable resource potential of over 600 bcf of gas or 100 mmbbls of oil.

Site preparations have already been completed and drilling to a total depth of 2020 metres is expected to take 32 days.

Solo holds an 18.75% interest in the PSA. Partners Aminex and Tullow Oil Tanzania Limited hold 56.25% and 25% respectively.

gibby - 25 Nov 2011 07:08 - 214 of 429

interesting rns this morning

skinny - 25 Nov 2011 07:11 - 215 of 429

Solo Oil plc today announces that its Joint Venture partner Reef Resources Limited ("Reef") has secured additional funding through a private placement. This triggers the second tranche of funding from Solo and increases the Company's interest in the Ausable field development to 38.1%.

Reef has raised gross proceeds of CDN$1.69 million through the issue of shares and warrants in Reef.

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

"The closing of this tranche of Brokered Private Placement will trigger Solo Oil Plc., an AIM listed company, to acquire an additional 14.3% Working Interest in Reef's Ontario properties for $1.5 million. Solo Oil Plc currently holds a 23.8% Working Interest.

The funds secured by Reef as a result of the Working Interest sale and Financing will be used to roll out of the successfully tested hydraulic venturi system in all producing wells at the Ausable field to increase production, to drill and complete additional well(s) in the producing Ausable pinnacle reef, tie-in an existing standing gas well in the Airport South reef, complete two additional bypass gas zones at the Airport well and, if required, acquire additional natural gas for re-injection into the Ausable reef.

The Company has successfully completed testing of the hydraulic venturi pump design in the Ausable # 1 well. Flow test results indicate an initial production rate of 63 bopd. Through the test period the Company obtained flow rates at various wellhead pressures to help model the production impact of gas re-pressurization. Under the EOR program, reservoir analysis and pressure data acquired to date indicates re-pressurization of the reservoir, in conjunction with the improved pumping system, will have a significant positive impact on overall field production and recovery factors. Further updates will be released as plans are confirmed and when further wells, including the Ausable #5, are placed on production.

The Company is additionally finalising a new reserves report for the Ausable reef and expects to release the results of that work shortly."


The initial production rate established at Ausable #1 well of 63 bopd is in the expected range (50-70 bopd) announced in early October and confirms the venturi pump systems is achieving the anticipated results. Once the field is re-pressurised high production rates will be possible. With the necessary funding now in place for the additional work, Solo will increase its interest in the field to 38.1% and anticipates agreeing a detailed program and budget for 2012 shortly. The deployment of venturi pumps to wells A#2, A#4 and A#5 will be a priority, along with the completion of the various tie-ins needed to inject gas into the reservoir to build and maintain pressure.

Neil Ritson, Solo Executive Director commented: "We are extremely pleased that Reef has raised the additional funds envisaged under the agreement with Solo announced on 11 July 2011. The programme of well tie-ins and gas injection can now be pursued which will result in a significant increase in production. Along with our enhanced knowledge of the reservoir, gained through studies conducted during 2011, we remain confident that the field will deliver to our expectations and will be a model for similar developments in the surrounding area."

Competent Person's Statement: The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

skinny - 30 Nov 2011 08:36 - 216 of 429

Annual Report and Accounts for the year ended 30 June 2011 and Notice of AGM


Solo Oil, the AIM listed International Oil and Gas Exploration and Development Company, announces that the Company's audited Annual Report and Accounts for the year ended 30 June 2011 have been posted to Shareholders , together with a Notice of Annual General Meeting ("AGM"), and both documents and a copy of this announcement will be available from the Company's website, www.solooil.co.uk.

The Annual General Meeting will take place at 11.00 am on Friday 16 December 2011 at Suite 3B, Princes House, 38 Jermyn Street, London SW1Y 6DN.


Chairman's Statement

I am very pleased to present the Chairman's report for the year ended 30 June 2011. The year has seen substantial progress on implementing the program in out two existing assets and that work has been successfully continued through to the date of this report.

skinny - 01 Dec 2011 07:44 - 217 of 429

Investment in Argentina

Solo Oil plc is pleased to announce that it has entered into a binding Heads of Agreement with Obtala Resources plc ("Obtala") to acquire, subject to title and legal due diligence, Ilakon Limited ("Ilakon") a wholly owned Obtala subsidiary which holds the rights to the Mina El Carmen block ("the Block") in Argentina ("Investment").

Highlights:

A binding heads of agreement has been signed with Obtala in an all shares transaction valuing the Block at US$750,000

Solo will acquire Ilakon and its Argentinean subsidiary, Spinell Sociedad Anomima
,which holds a 100% interest of the 25 claims which make up the Block

The Block covers 4,940 acres on the northern side of the Golfo San Jorge basin close to numerous producing fields

The Block is lightly explored and has received only limited exploration work since the 1940's

Oil and gas shows have been recorded from wells on the Block and the shallow Glauconitico gas bearing reservoir , which produces in the nearby Salamancia gas field, 7 kilometres to the south, is considered proven

skinny - 05 Dec 2011 07:16 - 218 of 429

Tanzania Drilling Update.

SOLO OIL PLC
("Solo" or the "Company")
Tanzania Drilling Update


Solo Oil plc today announces an update on drilling of an exploration well, Ntorya-1, in the Mtwara Block of the Ruvuma Basin PSA ("PSA") in Tanzania with its partners Aminex plc ("Aminex") and Tullow Oil plc ("Tullow").

Aminex, operator of the PSA through its subsidiary Ndovu Resources Ltd, has advised that the Ntorya well site was completed in late October and that the rig accommodation has been fully installed. The Caroil-6 rig, contracted to drill the well, has been successfully barged to Mtwara port and is now in transit 30 kilometres by road to the site. Rig up is anticipated to take 12 days and the well is expected to spud around the third week of December 2011.

The Ntorya-1 well will be drilled to a depth of approximately 2026 metres and will test the Tertiary and late Cretaceous sandstone sequence identified in the Likonde-1 well previously drilled by the partners in the PSA 14 km to the north. The Ntorya-1 well is planned to take 30 days to drill.

Ntorya-1 is the second well in the PSA and continues an active exploration program targeting the same hydrocarbon play as has already been proved successfully offshore. Solo estimates the Ntorya prospect to have a mean unrisked potential resource of approximately 100 million barrels of oil or 600 billion standard cubic feet of gas, and a chance of success of 1 in 4.

Solo holds an 18.75% interest in the PSA, with Aminex holding 56.25% and the balance (25%) held by Tullow.

skinny - 13 Dec 2011 07:07 - 219 of 429

RNS Number : 8301T

Solo Oil Plc

13 December 2011

Immediate Release

13 December 2011

Solo Oil plc

('Solo' or 'the Company')

Issue of Shares

Solo Oil plc today announces that further to the announcement on 11 November 2011 relating to the GBP10 million Equity Line Facility ("ELF") with Dutchess Opportunity Cayman Fund Ltd ("Dutchess"), the commitment fee payable under the ELF has been settled by the issue of 13.8 million new shares of 0.01p each to Dutchess.

Subsequent to the issuance of these shares the Company will have 2,345,124,624 ordinary shares in issue.

Application will be made for the 13.8 million new ordinary shares to be admitted to trading on AIM and these will rank pari passu with the Company's existing shares. Dealings of the new shares on AIM are expected to commence by 21 December 2011.

skinny - 16 Dec 2011 14:53 - 220 of 429

Operational Update, Canada


Solo Oil expects to report significantly higher production in 2012 following an operational update from its joint venture partner Reef Resources on operations at the Ausable field and surrounding area in south-west Ontario.

Reef's announcement to the Toronto exchange states that pipeline material and other field optimization components for bringing Ausable No.2, No.4 and No.5 wells on production are arriving on site and will be initially installed in Ausable No.5 and then rolled out to Ausabl No.2 and Ausable No.4.

Production from the upgraded pumping system will be commissioned as soon as they are connected to the Ausable facility.

The completion programme for the upper Guelph and A2 gas zones in the Airport South No.1 well is currently being drafted with expected recompletion in early 2012.

Natural gas from Airport South No.1 well will be used to re-pressurise the Ausable reef to further increase oil production.

Natural gas liquids produced from the Airport well plus the recycled gas from the producing Ausable wells will be processed at the Ausable facility and sold as condensate.

Solo executive director Neil Ritson said: "By bringing together the venturi pump system we have been testing at Ausable No.1 and the additional gas supply, Reef are able to move the project from proof of concept towards full production.

"This will occur over the next few months and we anticipate being able to report significantly higher production in 2012.

"This marks a turning point in the project and we are delighted to be increasing our interest to 38%."

skinny - 23 Dec 2011 11:43 - 221 of 429

SOLO OIL PLC
("Solo" or the "Company")
Tanzania Drilling Update


Solo Oil plc today announces that the Ntorya-1 well was spudded on 22 December at 19:00 hours local time in the Ruvuma Basin onshore in Tanzania.

Ntorya-1 is located 14 kilometres south of the Likonde-1 well which was drilled in 2010 and proved the presence of an active petroleum system. The Ntorya-1 well targets the same high quality Basal Tertiary and Upper Cretaceous sands encountered in the Likonde-1 well. Solo estimates that the Ntorya Prospect has a probability of success of around 25%, with mean recoverable resource potential of 100 million barrels of oil equivalent.

Ntorya-1 will be drilled as a vertical well to a planned total depth of 2026m, using the Caroil-6 rig and is expected to reach the main target in around 30 days from spud.

Significant drilling events at Ntorya-1 will be reported to shareholders as the well progresses.

Partners in the well are:

Ndovu Resources Ltd (Aminex) 56.25% (operator)
Tullow Tanzania B.V. 25%
Solo Oil plc 18.75%

Competent Person's Statement: The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

mnamreh - 23 Dec 2011 11:53 - 222 of 429

.

skinny - 03 Jan 2012 10:51 - 223 of 429

Canadian Exploration and Development Update

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

January 3, 2012 - Calgary, Alberta - Reef Resources Ltd. ("Reef" or the "Company") reports spudding of its North Airport #1 well on December 29, 2011. The North Airport well is an exploration well located approximately 1 km north of the Company's Airport South reef with a targeted drill depth of 608 meters. Seismic data indicates the North Airport reef is potentially a gas and liquids prone reef, similar to Airport South.

Subject to positive drilling results, production from North Airport #1 will be tied into the Ausable process facility for the Company's Enhanced Oil Recovery (EOR) program. Produced gas will be used for re-pressurization of the Ausable reef in order to increase oil production and natural gas liquids production recovered from the gas recycle process. As stated in previous press releases, the EOR and Gas Recycle program being executed in the Ausable Reef involves pressurizing the reef formation with our own produced gas from the Airport South reef and, potentially, the North Airport well. To accelerate the EOR program the Company also has the option of purchasing natural gas from the local utility for recycling.

Completion and testing the Upper Guelph and A2 gas zones for Airport South # 1 will be executed in the first quarter of 2012. Pipeline material and well site separation equipment for tie-in of the suspended Airport #1 South gas well has arrived on site with construction expected to begin by mid-January (weather permitting). All components required for the previously announced field optimization program for the Ausable #2, #4 and #5 wells has arrived on-site and will be initially installed in Ausable # 5 and then rolled out to Ausable #2 and Ausable #4 over the next few weeks. Production from the upgraded pumping system will be commissioned as soon as they are connected to the Ausable facility.

skinny - 06 Jan 2012 07:18 - 224 of 429

Solo Oil plc

('Solo' or 'the Company')

Issue of Equity

Solo today announces that it has issued and allotted 59,322,034 new Ordinary Shares of 0.01 p each pursuant to a drawdown of £350,000 from the three year £10 million Equity Line Facility with Dutchess Opportunity Cayman Fund Ltd.

The Application will be made for the new ordinary shares to be admitted to trading on the AIM Market. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on the 12th January 2012.

Following Admission, the Company's issued share capital will consist of 2,404,446,668 Ordinary Shares with a nominal value of 0.01p each, with voting rights ("Ordinary Shares"), and 265,324,634 deferred shares of 0.69p each. The deferred shares are non-voting, are not admitted to trading on AIM and are not entitled to any participation in the profits or the assets of the Company. The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 2,404,446,668.

The above figure of 2,404,446,668 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

HARRYCAT - 06 Jan 2012 08:12 - 225 of 429

I would have thought this is a bit high risk for you Skinny? If the next one is a dud, the face value of the shares will be greater than the stock price!

skinny - 06 Jan 2012 08:16 - 226 of 429

Harry - as posted somewhere up the thread - I've more than had my money back on these and RRL - so its a free - albeit fairly small free ride.

skinny - 10 Jan 2012 07:13 - 227 of 429

SOLO OIL PLC
("Solo" or the "Company")
Ntorya-1 Drilling Update


Solo Oil plc today provides an update on the drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania.

The well was spudded on the 22 December 2011 and subsequently set 20" casing at 125 metres before drilling to 548 metres where a 13 3/8" casing has been set in Miocene claystones.

After installation of the top drive to the rig the well is now drilling ahead in a 12 1/4" hole at a depth of 620 metres and is expected to set a further casing at a depth of approximately 1,600 metres before drilling on to the target. The target interval is expected at a depth of approximately 1,800 to 1,900 metres and is expected to reach total depth in late January 2012.

The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 14 kilometres to the north. As previously announced, Solo estimates that the Ntorya Prospect has a probability of success of around 25%, with mean recoverable resource potential of 100 million barrels of oil equivalent.

Partners in the well are:

Ndovu Resources Ltd (Aminex) 56.25% (operator)
Tullow Tanzania B.V. 25%
Solo Oil plc 18.75%

Competent Person's Statement: The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

skinny - 18 Jan 2012 12:09 - 228 of 429

A bit of life here today.


Chart.aspx?Provider=EODIntra&Code=SOLO&S

skinny - 19 Jan 2012 08:28 - 229 of 429

And again today.

Adacol - 23 Jan 2012 15:17 - 230 of 429

Moving up again.......there are rumours flying about that AEX has hit oil at Ntorya-1??

skyhigh - 23 Jan 2012 21:16 - 231 of 429

cool!

skinny - 24 Jan 2012 12:52 - 232 of 429

SOLO OIL PLC
("Solo" or the "Company")
Operational Update, Canada

Solo Oil plc today announces an update on activities in South Western Ontario, Canada operated by its Joint Venture partner Reef Resources Limited ("Reef").

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

January 24, 2012 - Calgary, Alberta - Reef Resources Ltd. ("Reef" or the "Company") reports that significant progress has been made on a number of field activities associated with the ongoing development of the Ausable Field Gas Recycling and Enhanced Oil Recovery ("EOR") project.

The recently spudded North Airport #1 exploration well, being drilled using a cable drilling rig, is currently drilling ahead towards intermediate casing below a surface casing which was set at 51 metres. The well is expected to reach intermediate casing point by mid-February and to reach TD at 608 metres by early March.

The venturi pump has been successfully installed in the Ausable #5 well as planned and is being commissioned. The commissioning and flow rate stabilisation phase is expected to take a further 10 to 14 days after which an update will be given. Ausable #1 well continues to produce at rates up to 30 bopd, however, production rates have been choked back until the gas injection phase of the EOR is underway.

In field flow-line construction to the Ausable #2 well is underway to allow that well to be connected to the venturi pump system. An additional pump skid is being constructed and is due to be delivered in February after which all four existing wells (A#1, 2, 4 and 5) will be hooked up to the central processing facility. Well #3 will continue to be used for gas re-injection in the short term prior to a recompletion program which is planned to isolate the shallowest interval Ausable #1. This will allow gas re-injection in to the optimum zone at the highest point and geological centre of the Ausable reef.

Road and creek bores for the pipeline to tie-in the South Airport #1 well started on the January 23 and the remaining trenching and welding will take three to four weeks to complete. The South Airport well will provide additional liquids rich equity natural gas to the EOR scheme at low cost. It is also hoped that additional gas will come from North Airport reef and in addition Union Gas will complete the meter reversal in February so that Ausable can receive utility gas to supplement the available gas supply from the Ausable and Airport reefs.

Arnie Hansen, Reef President commented: "We have been making very substantial progress so far this year, however, January and February are typically the worst weather months and although current forecasts are moderate some delays may occur. We look forward to making a further update in the coming weeks."

Additionally, Reef has received an in place oil redetermination report from Nutech Energy Alliance of Texas, USA. Using the available five wells, detailed petrophysical analysis and correlation with the 3D seismic data, Nutech have calculated a STOIIP of 8.9 mmbbls. This represents a 10% increase over previous estimated made prior to the drilling of the Ausable #5 well. The report recommends that a more detailed assessment of the reserve potential should be undertaken.

Neil Ritson, Solo Executive Director, commented;

"Appreciable progress has been made with the project so far this year including the increase in the oil-in-place resources providing further support for our investment case. The final reserves will depend on the details of the gas cycling scheme, however, based on analogous fields in Nortern Alberta, such as the Golden Spike Field, recovery factors in excess of 70%, and potentially as high as 90%, may be expected."

skyhigh - 24 Jan 2012 19:06 - 233 of 429

?

skinny - 27 Jan 2012 07:10 - 234 of 429

SOLO OIL PLC
("Solo" or the "Company")
Ntorya-1 Drilling Update


Solo Oil plc today provides an update on the drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania operated by Ndovu Resources Ltd (a subsidiary of Aminex).

The well was spudded on the 22 December 2011 and has been drilled to 1,535 metres where an intermediate casing string has been set. The well is now drilling ahead towards the target interval of approximately 1,800 to 1,900 metres depth. The well is expected to reach total depth around the end of January.

The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 14 kilometres to the north. Solo estimates that the Ntorya Prospect has a probability of success of around 25%, with mean recoverable resource potential of 100 million barrels of oil equivalent.

Partners in the well are:

Ndovu Resources Ltd 56.25% (operator)
Tullow Tanzania B.V. 25%
Solo Oil plc 18.75%

Competent Person's Statement: The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

gibby - 27 Jan 2012 07:17 - 235 of 429

Bit of south movement here today then?

skyhigh - 27 Jan 2012 07:25 - 236 of 429

Probably

skinny - 01 Feb 2012 07:05 - 237 of 429

01 February 2012

For Immediate Release

1 February 2012

Solo Oil plc

('Solo' or 'the Company')

Issue of Equity

Solo today announces that it has issued and allotted 115,384,615 new Ordinary Shares of 0.01p each at a price of 0.65p per share pursuant to a drawdown of GBP750,000 from the three year GBP10 million Equity Line Facility with Dutchess Opportunity Cayman Fund Ltd.

These additional funds will be used for capital to increase production in Canada, develop the recently announced Mina El Carmen block in Argentina and further potential cash commitments for Tanzania depending on the results of the current well being drilled.

The Application will be made for the new ordinary shares to be admitted to trading on the AIM Market. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on or around the 7 February 2012.

Following admission of the new Ordinary Shares to trading on AIM, the Company's issued share capital consists of 2,519,831,283 Ordinary Shares with a nominal value of 0.01p each, with voting rights ("Ordinary Shares"), and 265,324,634 deferred shares of 0.69p each. The deferred shares are non-voting, are not admitted to trading on AIM and are not entitled to any participation in the profits or the assets of the Company. The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 2,519,831,283.

The above figure of 2,519,831,283 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

skinny - 07 Feb 2012 07:12 - 238 of 429

RNS Number : 9099W

Solo Oil Plc

07 February 2012

For Immediate Release, 7 am

7 February 2012

SOLO OIL PLC

("Solo" or the "Company")

Ntorya-1 Drilling Update

Solo Oil plc today provides an update on the drilling of the Ntorya-1 exploration well in the Ruvuma Petroleum Sharing Agreement ("PSA") area onshore in Tanzania.

The well was spudded on the 22 December 2011 and is now at a depth of 2,500 metres. Sandstone reservoirs were not encountered as originally prognosed at depths between 1,800 to 1,900 metres, however sandstones were encountered at depths from 2300 metres to the current depth, over which minor gas shows were also observed.

Wireline logs and a seismic check-shot survey are now being recorded in order to evaluate the section already drilled and to determine if additional drilling is worthwhile.

The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 14 kilometres to the north.

Neil Ritson, Solo Executive Director, commented;

"Ntorya is only the second recent well in the onshore portion of the Ruvuma basin in Tanzania and we are clearly still establishing the accurate correlation between the seismic and well stratigraphy. Additional evaluation of these well results will I am sure be key in helping to unlock the potential for the Tertiary and Cretaceous hydrocarbon plays within the PSA."

Partners in the well are:

Ndovu Resources Ltd (Aminex) 56.25% (operator)
Tullow Tanzania B.V. 25%
Solo Oil plc 18.75%

Competent Person's Statement: The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

HARRYCAT - 07 Feb 2012 08:23 - 239 of 429

Hope you didn't get burnt, skinny? This was always very high risk, imo.

skinny - 07 Feb 2012 08:31 - 240 of 429

No Harry - as I said before, the shares I have left are free because I sold half when they doubled and then half when they doubled again - so a freebie (and fairly small).

jeffmack - 07 Feb 2012 10:10 - 241 of 429

Dont you just hate it when your spudding comes up short

required field - 07 Feb 2012 10:14 - 242 of 429

If you haven't enough for chips or cook them too much : mashed potato it is !....pommes de terre...pommes de terre as Delboy might put it !....blinkin' geologist or that bloke with the 'ology or whatever : deserves a night out with a geezer in the fridgefreezer ......

ipwil - 10 Feb 2012 14:49 - 243 of 429

Drill and pray?

Damn I was so tempted to buying at 51 yesterday, then I thought overwhelming selling could follow into today, but positive buying in the morning put a dampener on that..... Some people already in the know getting some early buying in before the announcement??

poo bear - 10 Feb 2012 14:57 - 244 of 429

whats in a fraction of a penny, you either want them or you dont.

ipwil - 10 Feb 2012 17:47 - 245 of 429

not when they might be 45p by the end of the day, my strategy was set and I stuck to it, I lose out but my risk was lower than 50p

poo bear - 12 Feb 2012 08:46 - 246 of 429

You are forgetting the decimal point

it was 0.5p

Still you stick to your strategy whatever it is

poo bear - 15 Feb 2012 07:05 - 247 of 429

We have gas!!!!!!!

NTORYA-1 DRILLING UPDATE





Aminex PLC ('Aminex' or the 'Company'), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces a further operational update on drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania.



On the 10 February 2012 it was announced that the well would be deepened to test an additional target identified on the seismic data at a depth of approximately 2,750 metres. The well has now been drilled to 2,750 metres, and prior to reaching that depth encountered strong gas shows in a good quality reservoir sand at a depth of approximately 2,660 metres. A logging programme will commence shortly to evaluate the new section drilled below 2,500 metres and a further update will be provided after the logging programme has been completed.



The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 14 kilometres to the north.



Participants in the deepening of the well below 2,500 metres are:



Ndovu Resources Ltd (Aminex) 75% (operator)

Solo Oil plc 25%

skinny - 15 Feb 2012 07:11 - 248 of 429

superfluous!

mnamreh - 15 Feb 2012 07:19 - 249 of 429

.

skinny - 16 Feb 2012 07:07 - 250 of 429

Operational Update, Canada

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

February 15, 2012 - Calgary, Alberta - Reef Resources Ltd. ("Reef" or the "Company") reports that substantial further progress has been made on a number of field activities associated with the ongoing development of the Ausable Gas Recycling and Enhanced Oil Recovery (EOR) project.

· The recent cold weather in Ontario has improved conditions for completing the pipeline between the existing South Airport gas well and the Ausable process facility. Once the pipeline welding is completed the required road bores will be conducted.
· The reversal of the Union Gas meter, which will allow the Company to purchase natural gas for re-injection in the Ausable reef, is tentatively scheduled for February 27th. Piping modifications at the facility will commence once the gas flow is reversed. This will allow initiation of the gas re-injection scheme. Additionally, gas and gas liquids from South Airport will also be used for re-injection once the pipeline is completed and commissioned.
· The workover program for installation of a production packer in Ausable #1 well is being initiated to coincide with the planned meter reversal. This will isolate the top set of three perforations and will allow for planned gas reinjection into the uppermost section of the Ausable reef.
· A larger inlet separator has been sourced in Alberta and following minor upgrades will be shipped to Ontario. The larger separator is designed to handle higher oil, water and natural gas volumes associated with the venturi pumping system. Facility upgrades associated with the larger separator will accommodate production from all the Ausable and Airport wells.
· The new high pressure surface venturi pump skid design is completed and the Company is currently sourcing qualified fabricators for skid packaging. The new pump package will accommodate all current and future planned wells.
· After commissioning trials on the Ausable #5 venturi pump, a down-hole valve requires replacement. A service rig is required in order to retrieve and re-run the down-hole assembly and it is hoped this work can be undertaken in the next 10 days. Oil production from Ausable #5 and Ausable #1 is being hampered by the formation of waxes at the pump inlet level approximately 560 metres below surface. This is due to abnormally low reservoir temperatures and further hampered by low ambient temperatures. A gas-fired line heater will be installed to heat high pressure water to service the venturi pumps on all wells. This will increase pump inlet temperatures at the bottom of the well which in turn will mitigate any wax build up at the venturi pump and in the tubulars.
· The North Airport well is proceeding as planned and is currently at 194 metres. Cementing of the surface casing is anticipated within the next 10 days.

Arnie Hansen, Reef President commented: "All the components for initiating the EOR program are coming together and we can now look forward to realizing the production benefits once all the current projects are commissioned and on stream. The Company is hopeful that with the EOR scheme fully implemented it can hit its target of 200 boed by mid-year and exit 2012 with net production of up to 500 boed. "

Neil Ritson, Solo Executive Director, commented;

"Reef has maintained momentum on all fronts despite difficult weather conditions. The need to install heaters on the venturi jet pumps was not originally foreseen and has so far prevented final commissioning of the Ausable #5 pump during the winter. The arrival of injection gas at the plant will significantly increase production potential. Solo shares Reef's confidence that production will reach 500 boed by end of 2012."

skinny - 27 Feb 2012 07:11 - 251 of 429

Drilling Report.

DISCOVERY IN TANZANIA EXTENDS RUVUMA GAS PLAY ONSHORE


Solo Oil plc today announces a gas discovery at the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania where the Company holds a 25% interest.

Further to the announcement on 15 February 2012 which reported strong gas shows in a good quality Cretaceous reservoir sandstone at a depth of 2,660 metres, open hole electric logs have now been acquired over the zone of interest and to total depth at 2,750 metres. Evaluation of the electric logs has confirmed the presence of reservoired gas.

The electric logs show a gross sand interval of 25 metres from 2,660 to 2,685 metres with a 3 metre net gas bearing pay zone at the top of the interval with porosities of 20%. A further 16.5 metre lower sandstone interval contains additional probable gas pay.

The presence of gas bearing reservoir sandstones in the Ntorya-1 well confirms the potential for additional prospectivity in the thick Mesozoic sandstones that were encountered in the Likonde-1 well, drilled in 2010, approximately 14 kilometres to the north.

A 7 inch liner will now be run to total depth and the well will then be deepened by a further 250 metres to investigate a prominent seismic event estimated to lie at 3,000 metres. Since oil shows were previously encountered in Likonde-1, this deeper target has the potential to represent additional pay with liquid hydrocarbons.

After Ntorya-1 has been deepened it will be suspended for flow testing at a later date once suitable equipment can be mobilsed.

Solo Executive Director, Neil Ritson, commented:

"With the recent high profile offshore exploration successes in the Ruvuma Basin we are delighted to have been able to extend the proven gas fairway onshore in Tanzania. There is immense potential to pursue additional opportunities within the Ruvuma PSA and the probable construction of gas infrastructure at the coast, just 25 kilometres away, makes commercial development very likely."

skinny - 02 Mar 2012 07:13 - 252 of 429

mmediate Release, Embargoed 7 am

2 March 2012

SOLO OIL PLC

('Solo' or 'the Company')

Solo Oil appoints Old Park Lane Capital Plc as Joint Broker

Solo Oil Plc is pleased to announce the appointment of Old Park Lane Capital PLC ("OPL") as joint broker to the Company with immediate effect.

Neil Ritson, Executive Director of Solo, commented:

"We are delighted to have OPL on board as joint broker and look forward to working closely together as we continue to develop our portfolio of oil and gas assets in Africa and the Americas."

skinny - 30 Mar 2012 07:24 - 253 of 429

Unaudited Interim Results.

skinny - 02 Apr 2012 19:41 - 254 of 429

Solo confirms drilling resumption in southern Tanzania

Solo has confirmed that drilling has resumed at the Ntorya-1 discovery well in the Ruvuma Basin onshore in southern Tanzania.

Solo and field operator Aminex reported on 27 February that a gas discovery had been made in a 25 metre gross Cretaceous sand interval between 2,660 metres and 2,685 metres where a three-metre net gas bearing pay zone in sandstones having 20% porosity at the top and a 16.5 metre thick lower sandstone interval with further possible gas pay had been logged.

skinny - 03 Apr 2012 07:05 - 255 of 429

RNS Number : 6623A

Solo Oil Plc

03 April 2012

For Immediate Release, 7 am

3 April 2012

SOLO OIL PLC

("Solo")

Drilling Update, Canada

Solo today announces a further update on activities in South Western Ontario, Canada operated by its Joint Venture partner Reef Resources Limited ("Reef").

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

April 2, 2012 - Calgary, Alberta - Reef Resources Ltd. (REE - TSX.V) ("Reef" or the "Company") reports that drilling of its North Airport well reached total depth of 608 metres on March 29. Open-hole electric logging has been successfully conducted. Logs indicate potential for natural gas in the shallow A2 zone as well as indications of hydrocarbon in the Guelph. Petrophysical analysis will be initiated immediately to better determine both net pay and production potential, and details of the petrophysical study will be released when complete.

Subject to final results of the North Airport well, gas and any gas liquids will be used to further enhance the gas recycle and EOR program at the Ausable reef. The well will be connected via pipeline to the standing Airport South natural gas/liquids well currently being tied into the Ausable process facility.

Neil Ritson, Solo Executive Director, commented;

"Success at the Airport North #1 well will provide additional gas reserves to support the Ausable EOR scheme where gas from Airport South and utility gas from the Union Gas pipeline are already being tied in. Ultimate recovery at Ausable depends on pressure maintenance and gas recycling so the availability of further gas sources will be extremely good news."

skinny - 05 Apr 2012 07:10 - 256 of 429

Solo Oil plc
('Solo' or 'the Company')


Investment in Argentina

Solo Oil plc today announces that discussions regarding the Heads of Agreement ("HOA") with Obtala Resources Limited ("Obtala") to acquire Ilakon Limited, a wholly owned Obtala subsidiary, which holds the beneficial rights to the Mina El Carmen block in Argentina, have been terminated by mutual agreement.

The HOA announced in December 2011 anticipated completion in late January 2012, however, the parties have now concluded that administrative delays in due diligence preclude timely completion and have agreed to terminate the HOA.

Solo, in line with its investment strategy to acquire a diverse portfolio of direct and indirect interests in exploration, development and production, continues to actively review investment opportunities, but is currently focussed on Tanzania as a result of the recent discovery in its Ntorya-1 well in the Ruvuma PSA.

skinny - 11 Apr 2012 15:10 - 257 of 429

Ntorya-1 well 'very exciting', says Solo

Yes - I'm sure they do!

Solo Oil believes it is on the edge of something very exciting at the Ntorya-1 discovery well in the Ruvuma Basin onshore in southern Tanzania.

mnamreh - 11 Apr 2012 15:16 - 258 of 429

.

skinny - 11 Apr 2012 15:20 - 259 of 429

Yes - very farcical! ( Or so I believe) :-)

mnamreh - 11 Apr 2012 15:25 - 260 of 429

.

skinny - 12 Apr 2012 07:12 - 261 of 429

Ausable EOR Project Update, Canada

poo bear - 12 Apr 2012 07:25 - 262 of 429

Well, "I always knew this was about Canada!!!"

Or some things may surprise me more like the truth, I had not even looked at that part of their portfolio.

skinny - 27 Apr 2012 13:07 - 263 of 429

For Immediate Release
27 April 2012
SOLO OIL PLC
("Solo" or the "Company")
Director's Dealings
The Board of Solo was informed today that Neil Ritson, Director, has purchased yesterday a total of 4,000,000 ordinary shares of 0.01p each in the Company at an average price of 0.54p per share. This purchase takes Mr Ritson's total holding to 21,000,000 ordinary shares, representing 0.82% of the Company's total issued share capital.

In addition, Mr Ritson holds 40 million options to subscribe for ordinary shares in the Company at an exercise price of 0.5 pence per share that expire on 21 December 2012.

skinny - 30 Apr 2012 07:13 - 264 of 429

Ntorya-1 Update, Tanzania


Solo today announces the completion of drilling operations and an update on plans for testing the gas discovery made in the Ntorya-1 well in the Ruvuma Basin onshore in southern Tanzania.

The Caroil-6 rig has now been released from the Ntorya-1 well and will be demobilised to make way for the wireline testing equipment that has been mobilised and is due to arrive at the site within the next 30 days. A production string has been run in the well and a Christmas tree installed in preparation for the planned test sequence.

On the 27th February 2012, Solo and Aminex reported that a gas discovery had been made in a 25 metre (80 foot) gross Cretaceous sandstone interval between 2,660 metres and 2,685 metres. This interval will now be tested with a view to establishing the level of production that can be obtained. Results of the testing will be announced once available.

Aminex and Solo have also commissioned new geological and seismic studies to establish the extent of the Ntorya discovery and to locate further prospects in the Ruvuma Production Sharing Agreement (PSA) where Solo plans to invite offers from potential partners to participate in the next round of exploration, commencing with the acquisition of additional seismic data later in 2012.

Solo holds a 25% interest in the discovery and the Ruvuma PSA.

Neil Ritson, Solo Executive Director, commented;

"This discovery is ideally located just 20 kilometres from Mtwara where there is an existing gas to power facility and where there are plans to install additional gas facilities and pipelines to commercialise the reported 70 tcf of gas already discovered in the Ruvuma Basin. Having low cost gas onshore close to Mtwara is a significant advantage and we hope to capitalise on that jointly with Aminex. We also look forward to further exploration in this highly prospective area. "


Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

skinny - 18 Jun 2012 07:23 - 265 of 429

Drilling Report.

Ausable EOR Project Update, Canada

Solo today announces a further update on activities in South Western Ontario, Canada operated by its Joint Venture partner Reef Resources Limited ("Reef").

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

Reef is pleased to report that the completions conducted on South Airport #1, North Airport #1 and the workover of Ausable #4 have been successfully completed. Swabbing has been initiated on South Airport #1 and flow test results will be reported when a stabilized flow rate has been established. The North Airport #1 multi-stage stimulation treatment was finalized on June 14, swabbing and flow results to be reported as they become available. A workover on Ausable #4 was conducted to breakdown wellbore emulsions. The chemical squeeze was successful and flow rates will be established once a venturi pump is installed and in operation.

Based on experience gained over recent months a facility upgrade has commenced with the planned installation of a high volume water/oil/gas separator, water filtration system for the venturi pumps, water line heater to mitigate potential wellbore waxing issues and the necessary piping, electrical and control modifications.

Additionally, the 5 kilometre South Airport pipeline to the Ausable facility is now complete and will be commissioned once the South Airport well is ready for production. The infield Ausable well pipeline tie-ins are also complete and will be commissioned along with the upgraded Ausable facility. Once the facilities upgrade is in full operation wells Ausable #1, #2, #4 and #5 will be placed on oil and gas liquids production. The produced gas and gas liquids from South Airport #1 will be used for gas re-injection and recycling.

It is not currently intended to establish stabilised oil flow rates from the Ausable field wells until the additional facilities have been commissioned. In the interim, gas from Union Gas continues to be injected into the field to provide voidage replacement and pressure enhancement of the Ausable reef as part of the long-term enhanced oil recovery program. To date 24.7 mmcf of gas has been injected in the Ausable field resulting in positive pressure increases in the outlying wells. Dry natural gas from Union gas along with produced gas from the Airport wells, once on stream, will continue to be injected with real time pressure monitoring conducted across the entire reef. Real time pressure monitoring along with production history from all wells will ultimately determine optimum well placement and recovery factors.

Neil Ritson, Solo Executive Director, commented;

"Reef continues to make steady progress towards having all the Ausable and Airport wells on stream and the Ausable enhanced oil production and gas cycling scheme fully commissioned. The hoped for production from the main Ausable oil production wells, including Ausable #5, has been deferred by several weeks, however, it is clear that all the commissioning issues are with surface equipment and that the wells will meet previously anticipated performance expectations. We believe that Reef can now complete the final facilities modifications quickly and that stable production can be initiated shortly. "

skyhigh - 21 Jun 2012 19:59 - 266 of 429

Bought some more on the back of the below announcement released today....



Ntorya-1 well test set to start, says Solo
StockMarketWire.com
Solo Oil has confirmed testing is set to start to establish the level of production that can be obtained from the Ntorya-1 well in the Ruvuma Basin onshore in southern Tanzania.

The testing equipment has been set up on site and the upper 3.5 metres of net pay sand has been perforated.

After an initial clean-up flow, during which gas was flowed to surface in order to clean the well, the well has been shut-in to install pressure gauges.

The main flow test is expected to start tomorrow (22 June) and to take approximately four days to complete.

Results will be announced following completion of the flow test.

Solo Oil has a 25% interest with the balance held by operator Ndovu Resources Ltd (Aminex).

Solo executive director Neil Ritson said: "The testing of the Ntorya-1 well is vindication of the strategic decision taken by Solo in 2009 to farm-in to the Ruvuma PSA.

"The testing follows Solo's participation in the Likonde-1 well, which proved the presence of both reservoir and hydrocarbons, and the Ntorya-1 discovery.

"We have also increased our participation from 12.5% to 25% in the Ruvuma PSA at a time when major discoveries have been made in adjacent areas."

skinny - 28 Jun 2012 07:41 - 267 of 429

Tanzania Test Results

Ntorya-1 flows 20 million cubic feet per day of gas and liquids


Solo today announces significant results from the flow testing of the Ntorya-1 well at its discovery in the Ruvuma Basin onshore in southern Tanzania.

The well flowed gas at a measured rate of 20.1 million cubic feet per day (equivalent to 3,350 barrels of oil per day) through a 1" choke, with an estimated additional 140 barrels per day of 48 degrees API condensate. Original reservoir pressure was indicated at 5,424 psi and only small quantities of formation water were produced.

The uppermost 3.5 metres of the gross 25 metre (80 feet) sand interval was perforated and the well was flowed on several choke sizes from 16/64ths to 64/64ths of an inch over extended intervals during the last four days with corresponding shut-in periods to acquire pressure build-up data. Samples were also taken for further analysis which with the pressure data will assist in designing a future development programme.

The successful testing will now be followed by a programme of seismic acquisition later in the year in order to gain a fuller understanding of the size of this discovery and to identify further drilling targets. An independent reserves report on the Ruvuma PSA, commissioned in April following the discovery, is nearing completion and the findings of that report will be issued shortly.

Participants in the Ruvuma PSA are: Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.

skyhigh - 28 Jun 2012 09:52 - 268 of 429

Good news! shame the SP hasn't taken off...market down today as well.....but all in all it bodes well for the future

magicjoe - 08 Aug 2012 13:27 - 269 of 429

Ready for the rise, the volume is there 53M

Chart.aspx?Provider=Intra&Code=SOLO&SizeChart.aspx?Provider=EODIntra&Code=SOLO&S

magicjoe - 08 Aug 2012 16:01 - 270 of 429

Steady rise this afternoon as volume goes to 90M

one to watch but now at top

Chart.aspx?Provider=EODIntra&Code=QPP&Si

skinny - 28 Aug 2012 07:23 - 271 of 429

Production Update

Solo today announces that full-scale oil production has commenced at the Ausable Field in South Western Ontario, Canada, operated by Solo's Joint Venture partner, Reef Resources Limited ("Reef"). Reef has reported that the field has been on production since the 13 July 2012.

Two of the four wells at the Ausable Oil Field (Ausable #1 and Ausable #5) have now been put on line and total liquids potential of 275 barrel oil equivalent per day (boepd) gross has been computed based on the current gas cycling rate of 236 thousand cubic feet per day (mcfd). The initial two wells production rate averaged 13 boepd although this is now being rapidly scaled up as gas cycling rates are increased.

These initial two wells and the surface facilities have now been fully configured for long-term production. Wells Ausable #2 and Ausable #4 will additionally be placed on production and will add substantially to current daily production. Reef anticipate increasing the gas cycle rate about 20-fold to 5,000 mcfd progressively over the next 4 to 6 months and project that liquids production from the four well scheme will then rise to approximately 700 boepd (gross).

Gas has been injected into the reservoir purchased from a local gas utility and will shortly be supplemented with gas from the North and South Airport wells, both drilled by Reef. The cycling of gas provides both pressure support to the reservoir and additional liquids production. Since March 2012, about 50 million standard cubic feet of dry gas have been injected into the reservoir, which represents approximately 10 per cent of the intended volume. As gas injection continues in the coming months, both oil and condensate production volumes will increase.

The recently completed facilities upgrade has successfully addressed all major issues arising from the installation of venturi pumps in the wells and has incorporated the modifications needed for sustainable long-term gas cycling.

The upgrade was a vital component in the optimisation of Reef's EOR program, which is already delivering results. Reef is currently reviewing the final phase of the facilities project, in which the addition of refrigeration will allow the capture of additional natural gas liquids from the production stream. Reef is now well placed to increase production at Ausable and start rolling out its fully configured EOR process across its portfolio of nearby oil projects.

LGO currently holds a 28.56% interest in the project and an option to increase that to 38.1% in return for further investments of CDN$ 1 million. Based on projected production rates the project is expected to generate positive cashflow to its owners by late 2012.

Glen Howarth - 10 Sep 2012 16:08 - 272 of 429

Solo is looking an interesting play now IMVHO, i think even if they hit half the
projected BOPD in Canada this will shoot very quickly past 1p again. And also
their stake in the Rumava basin in Tanzania now looks a very shrewd move by
the company.....we could easily see this SP double or treble very quickly once
the next updates come ( due in sept ) . Well worth a punt at near year lows.

Last RNS has some clues the next update could be rather positive .

http://www.investegate.co.uk/Article.aspx?id=201208280700208192K

Jazz T - 10 Sep 2012 18:27 - 273 of 429

Solo Oil are at the Oil Barrel conference this week, it looks to me like they are
timing the CANADA update with this.

Strong buy under 0.40p imvho

Glen Howarth - 10 Sep 2012 22:24 - 274 of 429

jazz T

Incase you not seen it here is details of the Oil Barrel conference on thursday
and the other companies presenting.

Like you i think they will update on canada

http://oilbarrel.com/pub/articles/article_id-38

Jazz T - 11 Sep 2012 10:15 - 275 of 429

thanks glen,i was searching for info on the oil barrel conference this morning
and also found this on stockopedia ( see below )

http://www.stockopedia.co.uk/content/solo-oil-plc-oil-barrel-conference-13th-september-68006/

Solo Oil Plc - Oil Barrel Conference 13th September

Tuesday, Sep 11 2012

Solo Oil will be presenting at the 54th Oilbarrel Conference - Thursday 13th September 2012 , among other companies presenting are Petroceltic International and Simba Energy. Details of venue and times can be found here - http://oilbarrel.com/pub/articles/article_id-38

Solo look to be entering a potentially very interesting period with major developments ongoing at both its key assets. In Canada via its investment in Tsx listed Reef Resources and in Tanzania via its Production Sharing Agreement ( PSA ) with london listed Aminex.

Solo,s last production updates holds more than a fair few clues that solid progress is being made in Canada and also at the ruvuma basin in Tanzania. For example in Canada the company and its partner have been carefully preparing the ground and are now commencing full scale production in Ontario, solo,s boss has recently said they are ontrack for 500 boepd production by end of 2012 *

From last official update via RNS: ( Ontario Canada )

28 August 2012

Solo today announces that full-scale oil production has commenced at the Ausable Field in South Western Ontario, Canada, operated by Solo's Joint Venture partner, Reef Resources Limited ("Reef"). Reef has reported that the field has been on production since the 13 July 2012.

Two of the four wells at the Ausable Oil Field (Ausable #1 and Ausable #5) have now been put on line and total liquids potential of 275 barrel oil equivalent per day (boepd) gross has been computed based on the current gas cycling rate of 236 thousand cubic feet per day (mcfd). The initial two wells production rate averaged 13 boepd although this is now being rapidly scaled up as gas cycling rates are increased.

These initial two wells and the surface facilities have now been fully configured for long-term production. Wells Ausable #2 and Ausable #4 will additionally be placed on production and will add substantially to current daily production. Reef anticipate increasing the gas cycle rate about 20-fold to 5,000 mcfd progressively over the next 4 to 6 months and project that liquids production from the four well scheme will then rise to approximately 700 boepd (gross).

Gas has been injected into the reservoir purchased from a local gas utility and will shortly be supplemented with gas from the North and South Airport wells, both drilled by Reef. The cycling of gas provides both pressure support to the reservoir and additional liquids production. Since March 2012, about 50 million standard cubic feet of dry gas have been injected into the reservoir, which represents approximately 10 per cent of the intended volume. As gas injection continues in the coming months, both oil and condensate production volumes will increase.

The recently completed facilities upgrade has successfully addressed all major issues arising from the installation of venturi pumps in the wells and has incorporated the modifications needed for sustainable long-term gas cycling.

The upgrade was a vital component in the optimisation of Reef's EOR program, which is already delivering results. Reef is currently reviewing the final phase of the facilities project, in which the addition of refrigeration will allow the capture of additional natural gas liquids from the production stream. Reef is now well placed to increase production at Ausable and start rolling out its fully configured EOR process across its portfolio of nearby oil projects.

Solo currently holds a 28.56% interest in the project and an option to increase that to 38.1% in return for further investments of CDN$ 1 million. Based on projected production rates the project is expected to generate positive cashflow to its owners by late 2012.



Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."



Last Tanzania update :

Highlights

· Mean unrisked GIIP within identified leads, prospects and discoveries of 5.75 tcf

· A total 1.17 tcf mean unrisked GIIP at Ntorya of which 178 billion cubic feet (bcf) is discovered

· A large lead up-dip of Ntorya is seen to have a mean 2.62 tcf unrisked GIIP potential

· ISIS also recognises significant, but so far unquantified, oil potential in the Karoo Formation

For full details Follow Link -

http://www.investegate.co.uk/article.aspx?id=201207020700115868G

Glen Howarth - 11 Sep 2012 11:59 - 276 of 429

GOOD FIND JAZZ,some strange things going on here this morning - i bought
3.1m shares this morning at 08.55am @ 0.32p and it was published as being
0.302p ??

Makes me think the mm,s are trying to keep this under wraps while a buyer is
being helped to stakebuild.

Jackson55 - 11 Sep 2012 14:08 - 277 of 429

this looks like its preparing for a breakout guys

Glen Howarth - 11 Sep 2012 17:00 - 278 of 429

There have been a number of chunky buys last few days and i have a hunch
someone is "in the know" on canada. The oil barrel will be interesting on thursday

Jazz T - 11 Sep 2012 22:32 - 279 of 429

glen im sure that a big buyer is active here at moment and the mm,s are helping
them.Things are defo getting interesting and some good action coming IMO

Jazz T - 12 Sep 2012 09:50 - 280 of 429

Some good buying pressure now starting ahead of OB conference tomorrow and
more of those chunky regular trades popping up - same buyer ?

Glen Howarth - 12 Sep 2012 10:37 - 281 of 429

Jazz,26m traded in first few hours today ,worth another look at the Ceo,s recent
comments on canada.

Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."

Jazz T - 12 Sep 2012 12:18 - 282 of 429

Starting to prepare for a breakout now glen

Glen Howarth - 12 Sep 2012 12:48 - 283 of 429

Jazz im on the blackberry in the car,whats live price mate ?

Jazz T - 12 Sep 2012 13:14 - 284 of 429

Glen live price is 0.33p - 0.34p and possibly about to tick up again

ahoj - 12 Sep 2012 13:14 - 285 of 429

0.33-0.34
slight rise, 41.4m traded.

Many small buys, & volume is higher than daily average and we have over 3 hours left.

Jazz T - 12 Sep 2012 13:23 - 286 of 429

ahoj they are presenting at Oil Barrel tomorrow and could well put an update out
if they unveiling price sensitive info. Good luck

Glen Howarth - 12 Sep 2012 13:55 - 287 of 429

Thanks jazz appreciate the update,could be a lively close today i think mate

Balerboy - 12 Sep 2012 14:14 - 288 of 429

you boys must be in up to your necks trying to talk this one up.......lol

Jazz T - 12 Sep 2012 14:56 - 289 of 429

balerboy actually i have around 1.3m of these at 0.308p and will add more
when i have funds to do so. Check the ceo,s comments from a few weeks
back in last update.

Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."

Jackson55 - 12 Sep 2012 16:07 - 290 of 429

Starting to make progress now,some very solid buying here all day and some
tight control by the mm,s. Could be some big buys not published yet imvho

Jazz T - 12 Sep 2012 16:50 - 291 of 429

Large 10m buy late on here at 0.33p,think that was delayed from lunchtime when
they moved the spread around quickly up and down.I couldnt get a quote for more
than 1.5m all day through barcs so someone is being helped to stakebuild here in
my humble opinion.

Interesting times

Jackson55 - 12 Sep 2012 21:09 - 292 of 429

jazz that sure was a good sized buy for this share and when combined with
all the multi 1m and 2m buys last few days i think it shows something cooking
here.

The oil barrel conference tomorrow may well be an eye opener

Glen Howarth - 13 Sep 2012 08:26 - 293 of 429

Jazz,looking at the trades again yesterday its clear something is stirring and the big buyer is very keen.If they are making the progress as per last Rns this will soon be trading huge volumes.

alwickkk - 13 Sep 2012 09:56 - 294 of 429

been keeping an eye on this lately...looks a interesting little company

Balerboy - 13 Sep 2012 22:05 - 295 of 429

ah the 3k alwickkk.....

Glen Howarth - 13 Sep 2012 22:43 - 296 of 429

Solo gave a superb presentation at oil barrel today and i was left thinking that
the company are moving ahead a pace on all fronts.Farm out on tanzania
could be very soon indeed.

Slides on the website ( on right hand column of homepage just under video )

http://www.solooil.co.uk/

ahoj - 14 Sep 2012 09:08 - 297 of 429

Sorry Glen,

I see no rapid turn around here. Sold mine with moderate loss. Good luck to you and other holders.

My GLEN is covering the loss very well.

Glen Howarth - 14 Sep 2012 09:27 - 298 of 429

ahoj, thats a shame mate as i honestly think solo are in a better position now
than anytime in last few years.Im a fairly new entrant here at 0.308p which im
confident of good returns. Was some talk on the floor yesterday that Anadarko
petroleum could be taking a stake in the Aex / solo licence,watch this space.

Glen ???

ahoj - 14 Sep 2012 09:35 - 299 of 429

I meant my Glencore shares. Rising food and commodity prices will move it to £4 by year end IMO.

Glen Howarth - 14 Sep 2012 11:21 - 300 of 429

ahoj, interesting i will keep an eye on them,doubt it will double but could go on
a good run i think and xtrata deal looks tasty.

Jazz T - 14 Sep 2012 13:50 - 301 of 429

glen,i dont know if you look at other forums but there is alot of talk today that
solo and aminex could be farming out tanzania to anadarko petroleum.

Defo interesting as they major gas player in next door block :-)

Jackson55 - 14 Sep 2012 15:19 - 302 of 429

something is defo stirring here guys,more nice buys coming

Jazz T - 14 Sep 2012 16:20 - 303 of 429

jackson i think this is set up nicely for next week,chances are they will put
some news out on canada imvho

Glen Howarth - 15 Sep 2012 13:31 - 304 of 429

jazz no i not heard that but sounds interesting

Dont know if you seen the Ceo video on youtube as he sounds a very
confident man.Something positive will be announced on tanzania shortly
im sure.

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HARRYCAT - 15 Sep 2012 18:00 - 305 of 429

That's quite an interesting video clip and pretty much convinces me that even with a farm-in agreement, the sp isn't going anywhere in the near future. He says that two new wells will be drilled in Tanzania next year and also that the 25Km of pipework infrastructure will be completed by the new funds from a new partener. So that would take SOLO ownership down to c12% and the new cash is already spoken for. The canadian venture will produce much needed revenue, but that looks like it will only be working capital and debt reduction. Just my opinion and have been watching this for a while (tempted by a 0.33p sp which only has to reach 0.66p for my money to double), but much better investment prospects elsewhere.

Glen Howarth - 16 Sep 2012 13:45 - 306 of 429

harrycat i dont think you have delved deep enough on their tanzania play they
share with aminex.For a company the size of solo to effectively get a free carry
on an asset like tanzania should not be overlooked.The oil majors are currently
chomping at the bit to get into tanzania and mozambique and the recent news
that the tanzania government have suspended the issue of new oil and gas blocks
in the country only makes the Ntorya discovery more valuable. A farm out deal
could fetch a hefty premium to both solo and aex swelling the coffers yet still
retain them a decent percentage on a totally de-risked basis.

This was way oversold recently and moved down to the placing price as always
happens,but with whats going on here on both their key assets i think you will
see a nice bounce coming ( all imvho of course )

good luck

Jazz T - 17 Sep 2012 08:49 - 307 of 429

Another positive start today and looks like its about to tick up

Balerboy - 17 Sep 2012 09:21 - 308 of 429

large LOL.,.

Glen Howarth - 17 Sep 2012 09:55 - 309 of 429

Oil barrel conference report just out this morning,well worth a read

http://oilbarrel.com/news/conference-report-1-solo-oil-looks-to-leverage-its-capital-in-tanzania-and-canada-while-a-slimmed-down-roxi-petroleum-reports-rising-production-and-exciting-new-drilling-plans

Conference Report 1 - By Amy McLellan

Soon it was back to business, with Neil Ritson, executive director of Solo Oil, taking to the stage. It is not the first time Ritson has appeared at oilbarrel.com; he has previously had outings as the boss of Regal Petroleum and more recently of Leni Gas & Oil. Solo is something of a part-time job but it’s certainly one that provides Ritson with a nice contrast to the oilfield rehabilitation projects that take up his time at Leni. AIM-quoted Solo’s flagship project is frontier wildcatting in Tanzania, where it recently participated in the Ntorya-1 gas strike.Solo has a 25 per cent stake in this Aminex-operated project, an equity level that suits Solo’s comfort zone. “We invest in oil and gas projects and deliberately choose not to operate,” explained Ritson. “We exploit the knowledge and skills of the current operator. We’re definitely table top, not on the ground.”The aim, said Ritson, was to leverage the company’s capital to crystallise value for shareholders. He believes the Ruvuma Basin project neatly exemplifies this strategy. The company farmed in for a 12.5 per cent stake in 2010, paying a 50 per cent premium to participate in the Likonde-1 well. This wildcat wasn’t a commercial discovery but it did deliver evidence of a working – and highly pressured – hydrocarbon regime (it was abandoned for safety reasons). “We increased our equity to 18.75 per cent and then 25 per cent through the progressive exit of Tullow [the former operator] at virtually no cost,” said Ritson. Tullow exited before the Ntorya-1 well was deepened to find gas, leaving Solo with 25 per cent of a well that flowed 20 million cubic feet per day plus 139 barrels per day of condensate from just a 3.5 metre perforation. Solo believes the well was drilled on the edge of a much larger accumulation, with the current reserve estimate of 178 BCF possibly just a fraction of the possible 990 BCF sitting updip. This is, of course, dwarfed by the massive volumes of gas being found in the deep offshore but Ritson pointed out that the Solo/Aminex project has a distinct advantage over the 50 TCF gas clusters being found by the likes of Anadarko, ENI and BG. “We are onshore, these wells cost about US$10 million and we are close to infrastructure,” said Ritson. “Our cost structure makes these volumes very attractive and we will have early mover advantage to put this into a pipeline.”This is key; the acreage sits at the mouth of a proposed new pipeline being built by Chinese money that will connect to energy-hungry customers in Dar es Salaam. Solo reckons there’s unfilled demand for at least 500 million cf/d in the Dar es Salaam region – and the timeline for the construction and commissioning of the new pipeline mirrors that for any likely development of Ntorya. And Ntorya could be just the beginning, with independent consultants suggesting the PSC could host 5.75 TCF of gas (1.5 TCF net to Solo). The partners are keen to acquire further seismic before drilling in these frontier lands. The plan is to acquire 890 km of 2D later this year ahead of drilling two exploration wells in the second half of 2013 and an appraisal well at Ntorya. To fund this, Solo and Aminex are opening a joint data room to find a farm-in partner. They are offering 40-50 per cent of the equity and operatorship to attract a partner prepared to fund an active work programme.

Solo isn’t just about frontier exploration, however. The AIM-quoted small cap is also seeking to build early cash flows through an enhanced oil recovery project in Ontario, Canada – although the cash hasn’t been as early as first hoped, admitted Ritson. Solo holds a 28.56 per cent interest – with an option to increase to 38.1 per cent - in a project targeting Ordovician-aged shallow reefs. These have the advantage of being easily identifiable on seismic but are shallow and low porosity so recovery rates are in the single digits. The plan therefore is to repressurise these low energy reservoirs by pumping in gas, either from other wells on the concession or buying it in from the local utility (gas prices are depressed in Canada). Ritson said progress has been slower than hoped as the operator, Reef Resources, sought the right engineering solution but they were now at a point where the first reef, Ausable, could be pumping significant amounts of oil, around 500 bpd come early 2013. “Once we have the engineering template we can roll this out to a number of other Ordovician reefs,” said Ritson. “There’s no exploration risk, we are just taking the engineering solution and repeating it.”

The company is keen to add further projects to the portfolio – again taking on non-operator roles where it can leverage its capital – but this is unlikely to be for at “least another three months” when a successful farm-out in Tanzania could trigger a rethink on the current low share price.

skyhigh - 17 Sep 2012 11:43 - 310 of 429

Encouraging ..methinks!

Jazz T - 17 Sep 2012 12:18 - 311 of 429

Skyhigh..yes i would say very encouraging, they should be putting an update
out on canada anytime now also as its two months since they said they started
full scale operations.Interesting times ahead here i think and with the tanzania
farm out obviously in progress i can see some good things here.

IMVHO

HARRYCAT - 17 Sep 2012 12:21 - 312 of 429

From FT today:
"Quoting local media, Upstream today reported that Tanzania’s Resource Minister has ordered a review of all existing oil and gas exploration agreements in the country by 30th November. Tanzania’s Guardian on Sunday newspaper reported that Sospeter Muhongo told the newly appointed Tanzania Petroleum Development Corporation (TPDC) board members that all 26 contracts needed to be reviewed.
Tanzania’s licences encompass a mix of vintages and geography’s including a number of older production licences located along the coast held by Orca, Aminex, etc as well as the higher profile offshore blocks held by Ophir, BG, Statoil et al, and newly awarded onshore acreage held by Heritage. Players in the region say that the minister’s focus is on making certain that the companies deliver on licence commitments."

Jackson55 - 17 Sep 2012 13:57 - 313 of 429

Harry... I think the purpose of the review is to ensure the TPDC gets a stake in the last big blocks when they come up for bidding next year.Tanzania is advancing so fast in oil and gas discoveries that it would make sense for them to catch breath.Ophir are currently drilling a step out well in tanzania from their recent large discovery.

Thought this was an interesting comment by neil ritson in todays oil barrel report

"The company is keen to add further projects to the portfolio – again taking on non-operator roles where it can leverage its capital – but this is unlikely to be for at “least another three months” when a successful farm-out in Tanzania could trigger a rethink on the current low share price."

HARRYCAT - 17 Sep 2012 14:07 - 314 of 429

I think the purpose of the review is to ensure that all participants were, are and will be paying enough tax to keep the Tanzanian government happy, which is a minefield in itself!

Glen Howarth - 17 Sep 2012 14:29 - 315 of 429

harry..aside from tanzania dont forget its been two months now since they went
into full scale production in Ontario,could get an update anytime on that.Looks to
be a solid play that one IMVHO .

Jazz T - 17 Sep 2012 17:37 - 316 of 429

Reef resources currently up 25% on the TSX

Interesting as its been quiet there for sometime

Jackson55 - 17 Sep 2012 23:54 - 317 of 429

Interesting post over on iii ( tanzania )


'Using some very rough calculations using the £1,200,000,000m Cove was bought for and Solo’s £11.47m market cap, take the high range Cove estimates to be 5,244,500MMcf and Solo’s Ntorya discovery as 178,000MMCF. Divide 1,200,000,000 by 5,244,500 and you get Cove’s per TCF value as £228.8m. Then divide this by 1000 and multiply by the find of 178bcf. Theoretically this places the value of the Ntorya discovery at £40.7264m of which £10.1816m is to Solo (almost entirely its market cap). If you then take the low range TCF estimates for Solo you get a value of £74.68m for the Ntorya discovery of which £18.67m would be Solo’s.'

This is very impressive since this only factors in Ntorya. In reply to my article NR commented that even this was undervaluing SOLO. In precise words: 'the unit costs of an LNG scheme (for the Cove gas) are one to two orders of magnitude higher than the onshore equivalent costs of development'

Glen Howarth - 18 Sep 2012 09:22 - 318 of 429

jackson,certainly an eye opener...just checked the post out and the article and
must say it looks very encouraging.

Jazz T - 18 Sep 2012 20:43 - 319 of 429

Video from last weeks OB now released

http://www.presentation-matters.co.uk/Oilbarrel/webcasts/54th_ob/54th_oilbarrel_conference_solo_oil.htm

Glen Howarth - 19 Sep 2012 11:15 - 320 of 429

Jazz cheers for posting the video,an interesting period for solo approaching :-)

You may find this article of interest on tanzania

http://www.energy-pedia.com/news/tanzania/new-151715

skinny - 18 Oct 2012 07:27 - 321 of 429

Solo Terminates Equity Line Facility

Solo today announces that it has mutually agreed to terminate the three year £10 million Equity Line Facility with Dutchess Opportunity Cayman Fund Ltd ("Dutchess") as the Company now believes that this type of facility no longer fits with the Company's forward funding plans.

The Company has worked effectively with Dutchess over the past year with this facility and it achieved the objectives of funding its obligations to drill, complete and test the exciting Ntorya 1 gas and condensate discovery in Tanzania. Solo no longer sees it necessary to utilise this facility going forward and has terminated the Dutchess facility at no cost to either party.

Solo has announced that it has entered into a Vendor Collaboration Agreement with Aminex plc ("Aminex"), which has engaged FirstEnergy Capital LLP ("FirstEnergy") to manage the farm-out of up to 50% of the two companies' respective working interests in the Ruvuma PSA in Tanzania.

skyhigh - 18 Oct 2012 08:48 - 322 of 429

All sounds very encouraging!

skinny - 19 Oct 2012 13:14 - 323 of 429

Chart.aspx?Provider=EODIntra&Code=SOLO&S

skyhigh - 19 Oct 2012 13:16 - 324 of 429

Cool!..breaking even..at last!

skinny - 24 Oct 2012 12:35 - 325 of 429

Announcement by Joint Venture Partner

Solo notes that the following announcement was made by its joint venture partner Reef Resources Limited this morning.

The Company was not aware that this announcement was going to be released this morning but intends to review its content and comment shortly.

"REEF RESOURCES ANNOUNCES 85% INCREASE IN P2 RESERVES,
98% INCREASE IN NPV (BTAX10) AND 7.8 MILLION BARRELS OF PETROLEUM INITIALLY IN PLACE.

skinny - 07 Nov 2012 14:53 - 326 of 429

A bit of life here this afternoon.

Chart.aspx?Provider=Intra&Code=SOLO&Size

skyhigh - 07 Nov 2012 16:42 - 327 of 429

yep, looking better

dreamcatcher - 07 Nov 2012 18:14 - 328 of 429

Well done all. :-))

skinny - 20 Nov 2012 07:13 - 329 of 429

Annual Financial Report

The most significant highlights for the year to 30 June 2012 were:

• Discovery of gas in the Ntorya-1 well in Tanzania
• Increasing Solo's participating interest in the Ruvuma PSA to 25%
• Successful testing of Ntorya-1 at 20.1 mmscfd and 139 bpd of condensate through a 1" choke
• Discovery of gas at the Airport North #1 well adjacent to the Ausable Field in Ontario
• Commencement of gas injection into the Ausable reef to provide long-term pressure support

skinny - 22 Nov 2012 07:19 - 330 of 429

Farm-out Update, Ruvuma Basin, Tanzania

Solo Oil today announces that First Energy Capital LLP ("First Energy") have commenced marketing the farm-out of the Company's oil and gas assets in the Ruvuma Basin in Tanzania in collaboration with Aminex plc.

Expressions of interest from potential partners to acquire up to 50% interest in the licences by funding a disproportionate share of the planned forward work program and paying a pro-rata share of past expenditures are being called for by February 2013.

skinny - 09 Jan 2013 13:29 - 331 of 429

Progress with Farmout in Tanzania

Solo today announces that interest in the farmout of its Ruvuma PSA in Tanzania has been significant and a call for bids is still expected to be made in February. The farmout is being managed on Solo's behalf by joint venture partner, and PSA operator, Aminex plc, with advisors from FirstEnergy Capital LLP.
Further to the announcements made on the 8th October and the 22nd November the Company now confirms that there has been substantial interest in the farmout from companies including both multi-nationals and NOCs.
The Ruvuma PSA covers 6,079 square kilometres on the Tanzanian border with Mozambique where over 100 trillion cubic feet of gas has been discovered in recent years. Solo and Aminex discovered gas at the Ntorya-1 well in 2012 which was tested at over 20 million cubic feet per day of gas and 139 barrels of condensate (53 degree API gravity) on a 1" choke.

It is anticipated that gas from Ntorya and the Ruvuma PSA generally will be commercialised via the planned 36" diameter pipeline which will run through the PSA area to Dar es Salaam, which is the largest gas market in Tanzania.

Potential farminees are being asked to fund a disproportionate share of the planned forward work program of seismic and two exploration wells and paying a pro-rata share of past expenditures. Initial proposals are anticipated be requested from bidders on or soon after the 8th February 2013.

Participants in the Ruvuma PSA are; Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.

skinny - 29 Jan 2013 13:16 - 332 of 429

Update, Farmout in Tanzania

Solo today announces that due to the considerable level of interest being expressed in the farm-out of its Ruvuma PSA in Tanzania the deadline for the receipt of bids has been extended until March 2013.

Neil Ritson, Solo Executive Director commented:

"The level of interest has been very significant and it has not been possible to accommodate all the interested parties in the physical data-room prior to the original bid deadline. Several companies have asked for the deadline to be extended in order to allow them to complete their evaluation and we have therefore agreed with Aminex and FirstEnergy Capital LLP to accept bids up until early March."

Participants in the Ruvuma PSA are; Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.

skinny - 25 Feb 2013 12:23 - 333 of 429

Up 9.5% on reasonable volume.

Chart.aspx?Provider=EODIntra&Code=SOLO&S

ahoj - 25 Feb 2013 14:28 - 334 of 429

I remember trading this well above 10p some times ago. Why has it crashed so much?

I shouldn't be surprised as I hold BIG chunk of Sterling Energy!

Cynic, Can we have your views?

skinny - 05 Mar 2013 07:10 - 335 of 429

Issue of Equity

Solo Oil plc announces that it has raised £1.0 million gross proceeds through the issue of 200 million new ordinary shares of 0.01p each in the Company ("Placing Shares") at a price of 0.5 pence per share to institutional investors (the "Placing").

ahoj - 06 Mar 2013 10:21 - 336 of 429

Solo received final written authorisation for the forthcoming Nervesa appraisal well in northern Italy.

kimoldfield - 11 Mar 2013 15:31 - 337 of 429

Issue of Equity and TVR

skinny - 21 Mar 2013 07:42 - 338 of 429

21 March 2013

For Immediate Release, 7 am

21 March 2013

SOLO OIL PLC

("Solo" or "the Company")

Update, Farm-out in Tanzania

Solo today confirms that FirstEnergy Capital LLP, on behalf of Aminex plc and the Company, are continuing to hold discussions with a number of parties concerning a farm-out of the Company's interests in the Ruvuma PSA in Tanzania. Further announcements will be made in due course.

Participants in the Ruvuma PSA are: Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.

skinny - 09 May 2013 07:27 - 339 of 429

Acquisition in West Africa

Solo is pleased to announce that it has signed a binding Memorandum of Understanding ("MOU") to acquire a 15% shareholding in Swiss based Pan Minerals & Oil AG ("Pan Minerals"). Solo will pay a cash consideration of £200,000 plus 60 million new ordinary Solo shares of 0.01p each representing a total aggregate consideration of £500,000.

The purpose of this investment is to assist Pan Minerals to consummate certain existing production agreements that it has negotiated onshore in West Africa. Pan Minerals is a Special Purpose Vehicle company that focuses on proven reserve situations which have the potential to be brought on production at over 2,000 bopd within a twelve month period.

In addition, Pan Minerals has granted Solo a 90 day option for a first right of refusal ("FROR") to participate in any future equity financing of Pan Minerals for the development of its West African oil production opportunities.

The FROR will allow Solo, at its sole discretion, to increase its direct equity interest in Pan Minerals from 15% to up to 49.9% subject always to any constraints Solo may have due to its investing policy as previously approved by shareholders.

Pan Minerals has invested nearly US$3mm to date in the pursuit of farm-ins on proven oil fields in West Africa and the Solo's investment will assist in the completion of these arrangements.

It is envisaged that the MOU will be converted to a full Sale and Purchase Agreement within a week and the Company will advise when the shares will be issued and admitted to AiM.

skinny - 15 May 2013 07:28 - 340 of 429

Solo Oil plc announces that it has raised £1.5 million gross proceeds through the issue of 375 million new ordinary shares of 0.01p each in the Company ("Placing Shares") at a price of 0.4 pence per share to one institutional investor (the "Placing") together with one warrant for every allocated Placing Share subscribed, each warrant entitling the holder to subscribe for one ordinary share in the Company at 0.4 pence per ordinary share with an exercise period of six months ("the Warrants") from Admission.

skinny - 30 May 2013 07:05 - 341 of 429

Update Tanzania, Variation of PSA Terms


Solo today announces that a letter of consent has been received from the Tanzanian Petroleum Development Corporation ("TPDC"), the state oil company of Tanzania, permitting a variation of the terms of its Ruvuma Basin Production Sharing Agreement ('PSA').

This variation will allow the drilling which was due to be completed in the current first extension period, expiring later this year, to be deferred until the second extension period which expires in late 2016.

Aminex plc as operator, in collaboration with Solo, is currently conducting a farm-out process to introduce a new partner into the venture so as to explore the Ruvuma PSA as comprehensively as possible. As previously announced discussions with a number of interested parties are continuing.

The Ruvuma PSA covers approximately 6,000 km², comprising the onshore section of Tanzania's of Ruvuma Basin, but also including sections of shallow water marine areas and a small section of deep water. The Ruvuma River, which is the southern limit of the PSA, is the frontier between Mozambique and Tanzania. In recent years there have been numerous world-class discoveries of natural gas in the offshore deep water part of the basin, both in Mozambique and Tanzania.

In 2012, Solo and Aminex made a commercial discovery of natural gas and condensate at the Ntorya-1 well in the Ruvuma PSA. Further appraisal of Ntorya-1 is planned along with further exploration for gas and oil. The Chinese-funded pipeline from Mtwara to Dar es Salaam, which is presently under construction, passes through the PSA area and could provide a ready access to a growing gas market.

Partners in the Ruvuma PSA are Aminex (Ndovu Resources Ltd) 75% (operator) and Solo Oil plc 25%.

skinny - 08 Jul 2013 07:39 - 342 of 429

Regulatory Approval


AWARD OF TANZANIA APPRAISAL LICENCE

Solo is pleased to announce that the application for an Appraisal Licence at its Ntorya-1 discovery in Tanzania has been approved by the Tanzanian authorities.

Ntorya-1 was drilled in the Ruvuma Production Sharing Contract ("PSA") area in 2012 and successfully tested gas at a rate of 20 million standard cubic feet per day (equivalent to more than 3,000 barrels of oil per day) with 139 barrels per day of 53 degree API condensate. An independent estimate by ISIS Petroleum Consultants ("ISIS") of gas discovered by the well indicated a gross discovered volume of 178 billion cubic feet in place and the operator has evaluated this to be a contingent resource of 134 billion cubic feet of recoverable gas.

ISIS estimated that 1.17 trillion cubic feet of gross unrisked gas in place were potentially present at Ntorya and that further appraisal would be required to confirm this volume. The mean gross unrisked gas in place in discoveries, prospects and leads within the PSA was estimated to be in excess of 5.75 trillion cubic feet.

skinny - 25 Sep 2013 07:07 - 343 of 429

Unaudited Interim Results

Highlights for the period include:

· The partners in the Ruvuma PSA have been granted a 2-year appraisal area over the Ntorya-1 discovery in order to formulate
a development plan.
· The Ruvuma PSA has been extended into the 2nd Extension period to allow seismic to be acquired prior to further drilling.
· Solo has acquired a 15% interest in Pan Minerals with potential to gain direct production exposure to a field onshore in West Africa.

js8106455 - 26 Sep 2013 09:04 - 344 of 429

LISTEN: Solo Oil SOLO - Interim results

Click here

skinny - 04 Oct 2013 07:03 - 345 of 429

Possible Sale of Interests in Ontario

Solo today announces that it has agreed in principle with Reef Resources Limited ("Reef") to sell its 28.56% holding in the SW Ontario properties acquired in 2011, with a target closing date of 31 December 2013.

Neil Ritson, Solo Executive Director, commented: "As we have previously indicated, we have been disappointed by the performance of the SW Ontario properties and the limited progress made with the field development this year. We feel that our shareholders will be better served by Solo reinvesting the proceeds of an eventual sale elsewhere."

js8106455 - 04 Oct 2013 13:22 - 346 of 429

LISTEN: Solo Oil #SOLO - Possible sale of interests in Ontario

Click here to lsiten

skinny - 21 Oct 2013 07:29 - 347 of 429

Investment in West Africa

Solo is pleased to announce that it has signed a Sale Purchase Agreement ("SPA") to acquire an additional 4.9% shareholding in Swiss based Pan Minerals & Oil AG ("Pan Minerals") for a cash consideration of US$500,000. This brings the total investment into Pan Minerals to approximately £800,000 and increases Solo's direct equity interest in Pan Minerals from 15% to 19.9%.

kayha - 14 Feb 2014 09:21 - 348 of 429

LISTEN: Neil Ritson, Executive Director of Solo Oil Plc, discusses the UK onshore acquisition

Click here to listen

skyhigh - 14 Feb 2014 20:57 - 349 of 429

Having started this thread and sold out some while ago.. think I might buy back in.

skinny - 04 Mar 2014 07:14 - 350 of 429

Horse Hill Investment Update

Solo Oil Plc (AIM: SOLO) is pleased to announce that it has been informed by the operator that civil works have now commenced on the Horse Hill site in the Weald Basin in preparation for the drilling of the proposed 2,646 metre (8,680 feet) Horse Hill-1 well, which lies about 3 kilometres from Gatwick Airport and is designed to test a number of promising conventional oil and gas targets.

skinny - 27 Mar 2014 07:09 - 351 of 429

Ntorya Gas-Condensate Development, Tanzania

Solo today announces that it has been informed by the operator that the seismic data required to assist in the selection of future drilling locations at the onshore Ntorya gas-condensate discovery is currently underway in south-east Tanzania.

js8106455 - 22 May 2014 16:18 - 352 of 429

Listen: Solo Oil - Seismic acquisition, Tanzania

Click the link to listen
http://www.brrmedia.co.uk/event/123708/neil-ritson-executive-director

skinny - 23 May 2014 14:51 - 353 of 429

I still have about ten bob's worth!

Chart.aspx?Provider=EODIntra&Code=SOLO&S

skinny - 04 Jun 2014 13:22 - 354 of 429

Make that 15 bob now.

kimoldfield - 04 Jun 2014 15:06 - 355 of 429

Break open the Babycham skinny!

skinny - 04 Jun 2014 15:09 - 356 of 429

I'll wait until I've got a quids worth.

kimoldfield - 04 Jun 2014 15:09 - 357 of 429

David's next 'big thing' maybe! :o)

kimoldfield - 04 Jun 2014 15:10 - 358 of 429

You will be able to run to 2 bottles skinny!

skinny - 05 Jun 2014 08:06 - 359 of 429

16 bob.

kimoldfield - 05 Jun 2014 09:50 - 360 of 429

Adding a packet of crisps? :o)

kimoldfield - 05 Jun 2014 10:08 - 361 of 429

Make that 2 packets!

skinny - 05 Jun 2014 10:14 - 362 of 429

Blimey - what with this and RRL I can afford a box!

kimoldfield - 05 Jun 2014 10:14 - 363 of 429

Steady now, don't get too rash! :o)

parrisf - 05 Jun 2014 10:24 - 364 of 429

And LGO folks.

kimoldfield - 05 Jun 2014 10:44 - 365 of 429

And REM of course!

skinny - 16 Jun 2014 07:11 - 366 of 429

Update on the Horse Hill-1 Well

Solo today announces that Horse Hill Development Ltd ("HHDL"), the operators of the Horse Hill Prospect in the Weald Basin near Gatwick Airport, have advised that site construction has now commenced for the proposed 8,512 feet Horse Hill-1 well. The well is expected to spud in July 2014 and is targeting a number of conventional stacked oil targets in Jurassic aged reservoirs and possible gas in the Triassic.

As announced 30 January 2014 Solo has a binding agreement in place to own a direct 10% interest in Horse Hill Development Ltd, a special purpose company that owns a 65% participating interest and operatorship of the Horse Hill Prospect.

After evaluating the Jurassic targets in the Portland sandstone, Corallian sandstone and Great Oolite limestone, the well is planned to be drilled to Triassic age formations in order to evaluate the potential, so far unexplored, for conventional gas within the Horse Hill structure.

skinny - 27 Jun 2014 07:07 - 367 of 429

Horse Hill Development Update

Solo Oil Plc today announces that Horse Hill Development Limited the operator of the Horse Hill Prospect in the Weald Basin, in which Solo holds a 10 percent participating interest, has advised the Company that Horse Hill Development's new website will be released at 8 am today and can be found at www.horsehilldev.co.uk

The Company believes that the planned well, Horse Hill-1, is likely to spud in late July and will update the market on any developments through its routine news releases.

skinny - 21 Jul 2014 07:26 - 368 of 429

Update on Horse Hill Prospect, UK

Solo Oil Plc (AIM: SOLO) today announces that Horse Hill Developments Ltd ("HHDL") received formal notification from the UK Department of Energy and Climate Change ("DECC") on 17 July 2014 that:

· The Secretary of State has granted the transfer and apportionment of rights of 65% of Licence PEDL 137 from Magellan Petroleum (UK) Limited to HHDL.
· The Secretary of State has granted approval to the appointment of HHDL as Exploration Operator of Licence PEDL 137.

These approvals and consents granted by the DECC are valid until 17 October 2014, to enable HHDL to meet its obligation under the agreements in place between HHDL and Magellan Petroleum (UK) Limited to drill the Horse Hill-1 well on Licence PEDL 137.

Solo has a binding agreement in place to own a 10% interest in Horse Hill Development Ltd ("HHDL"), a special purpose company, which owns a 65% participating interest and operatorship of onshore licence PEDL137 in the UK Weald Basin.

The participants in the Horse Hill-1 well are HHDL (Operator) with a 65% working interest and Magellan Petroleum Corporation with a 35% interest.

Neil Ritson, the Companies Executive Director, commented: "We are delighted that the process of consents necessary to drill the Horse Hill-1 well are progressing well and that site preparation is on track for spudding shortly."

skinny - 06 Aug 2014 13:22 - 369 of 429

Update on Horse Hill

Solo Oil Plc (AIM: SOLO) today announces that the operator, Horse Hill Developments Ltd ("HHDL"), has now been granted final approvals from the UK Environment Agency to proceed with the drilling of the Horse Hill -1 well at Horse Hill in Surrey.

Solo has a binding agreement in place to own a 10% interest in HHDL, a special purpose company, which in turn owns a 65% participating interest and operatorship of onshore licence PEDL137 in the UK Weald Basin.

Neil Ritson, the Solo's Executive Director, commented:
"Recent heavy rainfall in the area has delayed the completion of site construction works, however, the concrete cellar is on-site and is ready to install once the ground conditions allow. We are therefore looking forward to spudding of this important Horse Hill-1 well shortly."

The participants in the Horse Hill-1 well are HHDL (Operator) with a 65% working interest and Magellan Petroleum Corporation with a 35% interest.

js8106455 - 13 Aug 2014 09:07 - 370 of 429

WATCH: Solo Oil - Horse Hill Site

Click here to watch

skinny - 03 Sep 2014 07:43 - 371 of 429

Drilling Commenced, Horse Hill-1, Weald Basin UK

Solo Oil Plc (AIM: SOLO) is pleased to announce that drilling operations on the Horse Hill-1 well have now commenced.

The Horse Hill-1 well in the onshore UK Weald Basin is planned to be drilled to a Total Depth of 2,646 metres (8,680 feet) and is designed to test a number of conventional stacked oil targets in the Jurassic in the proven productive Portland sandstone, Corallian sandstone and Great Oolite limestone formations, as well as a deeper conventional gas target in the Triassic.

Solo has a binding agreement in place to own a 10% interest in Horse Hill Development Ltd ("HHDL"), a special purpose company, which owns a 65% participating interest and operatorship of onshore licence PEDL137 in the UK Weald Basin. HHDL is the drilling operator.

skinny - 04 Sep 2014 09:42 - 372 of 429

Another good day with volume.

Chart.aspx?Provider=EODIntra&Code=SOLO&S

skinny - 04 Sep 2014 11:00 - 373 of 429

Upgraded Ntorya-1 reserves, Tanzania

Solo today announces that it has been informed by the operator that recent interpretation of the recently acquired seismic data has increased the gas in place in the Ntorya-1 discovery to 1.9 trillion cubic feet ("tcf"), an increase of 70%.


more..

skinny - 11 Sep 2014 07:34 - 374 of 429

Additional Update, Ruvuma Basin Resources

Solo today announces that it has been informed by the operator that the interpretation of the newly acquired seismic data has extended the potential of the Ntorya appraisal area, and has further upgraded the mean gas in place resource estimate to 2.3 tcf, by joining the Ntorya discovery with the adjacent Likonde prospect in the Ruvuma Petroleum Sharing Contract ("PSC") in onshore southern Tanzania.

skinny - 12 Sep 2014 10:47 - 375 of 429

A penny touched.

skinny - 12 Sep 2014 11:02 - 376 of 429

Up another 35% @1.14p

kimoldfield - 12 Sep 2014 14:14 - 377 of 429

Very nice! Wish I hadn't switched the majority of my holding into UKOG now! :o(

gibby - 17 Sep 2014 09:39 - 378 of 429

what a good buy in sp!

skinny - 18 Sep 2014 14:03 - 379 of 429

Update, Horse Hill-1, Weald Basin UK


Solo Oil Plc (AIM: SOLO) today confirms that drilling operations on the Horse Hill-1 well are continuing as planned with the 20-inch surface casing having been set successfully at 84 feet below ground level. Operations are continuing at the site and further news will be issued as appropriate.

The Company is also pleased to confirm that Magellan Petroleum Corporation ("Magellan") have now confirmed that they will not proceed with their option to acquire additional logs beyond those required for the conventional targets in the Horse Hill-1 well. This will assist Horse Hill Developments Ltd ("HHDL") to complete the well on schedule in about six weeks.

Additionally, the original binding agreements previously put in place for Solo to own a 10% interest in HHDL have been converted to a definitive Investment Agreement confirming the Company owns 10% of HHDL. David Lenigas, the Chairman of Solo, has also been appointed as Chairman of HHDL.

kimoldfield - 24 Sep 2014 14:05 - 380 of 429

Drilling operations on the Horse Hill-1 well are continuing successfully and the Marriott 50 rig is now drilling ahead at a depth of 116 feet measured depth ("MD") today at 12:00 hours. Current rate of drill penetration is about 30 feet an hour.

I reckon they should be in Australia by Christmas Day! :o)

skinny - 24 Sep 2014 14:14 - 381 of 429

Which Christmas? :-)

kimoldfield - 24 Sep 2014 14:19 - 382 of 429

It depends on whether or not the middle of the earth is hollow skinny! :o)

skinny - 24 Sep 2014 14:34 - 383 of 429

Well as is well known, it used to be filled with chocolate, but due to the hole at each pole, it all leaked out - so it could well be hollow!

:-)

kimoldfield - 24 Sep 2014 15:07 - 384 of 429

Black Magic chocolate?! Lol!

skinny - 25 Sep 2014 07:04 - 385 of 429

$5m debt facility and £2.26m placing

Solo Oil Plc (AIM: SOLO) announces a that it has drawn down the first US$1 million of a US$5 million 3-year debt facility secured today, and has closed a Placing of £760,000 at 0.95 pence per share and a conditional Placing of £1.5 million at 0.95 pence per share which relates to a Placing and an Equity Swap Agreement with YA Global Master SPV, Ltd. ("YAGM"). YAGM has agreed with the Company that they will not dispose of any shares acquired under their agreement for an initial 2 month period.

skinny - 29 Sep 2014 11:28 - 386 of 429

Drilling Update, Horse Hill-1, Weald Basin UK


Solo Oil plc (AIM: SOLO) today advises that the Horse Hill-1 well has now been drilled to the second casing point at a depth of 1,795 feet measured depth ("MD"), and the setting and cementing a 13 3/8-inch steel casing is now underway. The bottom of the well is currently located in the upper part of the Jurassic and the operator reports that the well has encountered the expected mud gas up to C3 (propane) and mineral fluorescence just above current well depth.

Based on observed geological analysis and mud logging from rock cuttings circulated out of the hole indicate that geological markers in the well are slightly shallower than initially expected based on seismic and the nearby Collendean-1 well drilled by Esso in 1964. As a consequence the second casing point has been revised up from 1,865 feet MD to reflect this change.

The Horse Hill-1 well is located on the northern side of UK Weald Basin near Gatwick Airport and is planned to drill to a Total Depth ("TD") of 8,680 feet measured depth ("MD") to test a number of conventional oil and gas targets. The primary oil reservoir targets in this well lie in the Jurassic Portland Sandstone at about 2,200 feet true vertical depth below sea level ("TVD ss") and the Corallian Sandstone at about 3,440 feet TVD ss. There are also a number of secondary oil targets in the Jurassic aged formations, including the Great Oolite Limestone, estimated to be at 4,530 feet TVD ss.

After setting the 13 3/8-inch casing the well will be drilled in 12 ½-inch hole to a depth of approximately 5,900 feet MD where open-hole electric logs will be acquired to evaluate the anticipated Jurassic oil reservoirs before setting a 9 5/8-inch casing. An 8 ½-inch hole will then be drilled to TD in order to test for Triassic aged formations which are expected to contain gas.

Solo owns a 10% direct interest in Horse Hill Developments Ltd ("HHDL"). HHDL is a special purpose company that owns a 65% participating interest and operatorship of onshore licences PEDL137 and the adjacent licence PEDL 246 in the UK Weald Basin. The participants in the Horse Hill-1 well are HHDL with a 65% working interest and Magellan with a 35% interest.

gibby - 02 Oct 2014 09:41 - 387 of 429

aex up on find nearby will solo follow suit?
gla

skinny - 06 Oct 2014 07:07 - 388 of 429

Drilling Report

Drilling Update, Horse Hill-1, Weald Basin UK


Solo today advises that the Horse Hill-1 well has intersected the Portland Sandstone over the weekend and has encountered oil shows identified by mud logging from 2,100 feet to 2,140 feet measured depth ("MD"). At 14:00 hours yesterday, the well was drilling ahead at 3,030 feet MD towards the other primary and secondary targets.

Sandstone drill cuttings recovered from the well have been analyzed and are confirmed by the operator to have "a dull yellow fluorescence with a slow diffuse light blue cut with a trace of residual oil ring". This indicates the presence of oil within a porous and permeable rock matrix. Gas readings within the mud over the same interval were also elevated and recorded gases compositions consistent with the presence of oil.

The Horse Hill-1 well is located on the northern side of UK Weald Basin near Gatwick Airport and is planned to test a number of conventional oil and gas targets. The primary oil reservoir targets in this well lie in the Jurassic age Portland Sandstone and the Corallian Sandstone. There are also a number of secondary oil targets in the Jurassic formations, including the Great Oolite Limestone. The well is presently being drilled to the second of the primary targets in the Corallian Sandstone.

Electric logs will be acquired on reaching the third casing point at approximately 5,900 feet MD before setting a 9 5/8-inch casing. The well will then be drilled with an 8 ½-inch hole will be drilled to 8,658 feet total depth ("TD") in order to test for Triassic aged formations which are expected to contain gas.

Solo owns a 10% interest in HHDL, a special purpose company which owns a 65% participating interest and operatorship of onshore licences PEDL137 and the adjacent licence PEDL 246 in the UK Weald Basin. The participants in the Horse Hill-1 well are HHDL with a 65% working interest and Magellan with a 35% interest.

gibby - 13 Oct 2014 09:13 - 389 of 429

looks too cheap right now - expect a bounce

gibby - 14 Oct 2014 07:35 - 390 of 429

more blue.........................

Solo Oil Plc
Acquisition of interest in Kiliwani Gas Field
RNS Number : 1813U
Solo Oil Plc
14 October 2014


For Immediate Release, 7 am

14 October 2014



Solo Oil plc

("Solo" or the "Company")



Acquisition of an Interest in Kiliwani North Gas Field, Tanzania



Solo Oil plc (AIM: SOLO) is pleased to announce that it has signed binding heads of agreement to acquire an initial 6.5% interest in the soon to be producing Kiliwani North Development License ('KNDL') in Tanzania from Ndovu Resources Ltd. ('Ndovu'), a wholly-owned subsidiary of Aminex PLC ("Aminex"), for a total consideration of US$3.5 million ("Initial Acquisition"). Solo also has a 45 day option to increase its interest in the KNDL by a further 6.5% to 13% ("Second Acquisition").



The KNDL contains the Kiliwani North 1 ('KN1') well which is expected to produce at an approximate rate of 20 million cubic feet per day ("mmscfd") (equivalent to more than 3,000 barrels of oil per day) in first half 2015. This agreement, when closed, will represent a major landmark for Solo as it will give the Company its first revenue from Tanzania. Independently verified gross in-place unrisked mean gas resources of the well, computed by Isis Petroleum Consultants Pty Ltd, are estimated as 45 billion cubic feet ("bcf"). Construction of the 2 kilometre long pipeline from KN1 to the new Songo Songo gas processing plant has now commenced and is expected to be completed in early 2015.



The Songo Songo gas processing plant is connected with the newly constructed 36-inch gas pipeline from Mtwara in the south of Tanzania to Dar es Salaam, the national capital, in the north, and this provides an immediate route to monetise the Kiliwani North gas production.



Ndovu (Aminex's nominated joint operator of KNDL together with the Tanzanian Petroleum Development Corporation) is in advanced negotiations for a gas sales agreement with the Tanzanian authorities and these negotiations are expected to be satisfactorily concluded in the near future. Solo notes that the Tanzanian authorities have recently reached agreement with another operator in the region.



Solo and Aminex are already partners in the Ruvuma Production Sharing Contract ("Ruvuma") in southern Tanzania, with respectively 25% and 75% working interests, and where newly acquired seismic data has extended the potential of the Ntorya appraisal area. The partners in Ruvuma have recently announced an upgrade of the mean gas in-place estimate to 2.3 trillion cubic feet ("tcf") by combining the Ntorya discovery with the adjacent Likonde prospect.





Neil Ritson, the Company's Executive Director, commented:



"This acquisition significantly increases Solo's exposure to the rapidly developing Tanzanian gas sector and will provide valuable revenue for many years from the soon to be commissioned Kiliwani Gas Field on Songo Songo Island. Solo and Aminex are continuing to work together to commercialise the exciting multi-tcf Ntorya discovery and participation in Kiliwani North provides valuable near-term revenue and insights into the Tanzanian gas market."



The key terms of the proposed KNDL acquisition are set out below:



1. The Initial Acquisition will consist of a cash payment of US$3.5 million for 10% of Aminex's 65% interest in KNDL, representing a 6.5% interest in the entire KNDL, payable as a refundable deposit of US$250,000 within 7 days of 13 October 2014, with the balance of US$3.25 million becoming payable upon completion of the formal acquisition agreement. Completion of the Initial Acquisition is subject to (1) confirmation of waiver of pre-emptive rights by various joint venture partners, and (2) receipt of written approval from the Tanzanian authorities to the assignment, each being satisfied within 45 days of 13 October 2014.



The parties have agreed to enter into a formal acquisition agreement within 30 days of 13 October 2014.



2. The Second Acquisition will consist of an option by Solo to acquire a further 10% of Aminex's 65% interest in KNDL (a further 6.5% interest in the entire KNDL) on the same terms as the Initial Acquisition. This option will be exercisable within 45 days of 13 October 2014.



Competent Person's Statement:



The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has over 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.



Glossary:



bcf - billion cubic feet of gas

mmscfd - million standard cubic feet of gas per day

prospect - a potential accumulation that is sufficiently well defined to represent a viable drilling target

tcf - trillion cubic feet of gas



For further information:



Solo Oil plc

Neil Ritson


+44 (0) 20 7440 0642





Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish


+44 (0) 20 7628 3396

skinny - 16 Oct 2014 12:33 - 391 of 429

Drilling Update, Horse Hill-1, Weald Basin UK


Solo today advises that the Horse Hill-1 well has now been drilled to the third casing point at 6,612 feet measured depth ("MD"), and will now be electrically logged through the observed Jurassic reservoir sections. Electronic logging and full interpretation of these logs is expected to take approximately one week.

The depth of the third casing point was deepened from the previously prognosed at 5,900 feet to a depth of 6,612 feet MD due to a number of reservoir intervals being identified deeper and thicker than expected.

On completion of the detailed logging, it is planned that a 9 5/8-inch casing will be set prior to drilling in an 8 ½-inch hole to a total depth ("TD") of approximately 8,680 feet MD in order to test for deeper Triassic aged formations where further electric logs will be acquired.

As previously announced, oil shows from mud logging have been identified in the Portland Sandstones and additionally oil shows, mineral fluorescence and elevated gas readings of C1 through to C5 have been detected whilst drilling the well to the current depth. The significance of these hydrocarbon shows will only become clear following the analysis of the detailed down-hole electric logs.

Solo owns a 10% interest in HHDL, a special purpose company which owns a 65% participating interest and operatorship of onshore licences PEDL137 and the adjacent licence PEDL 246 in the UK Weald Basin. The participants in the Horse Hill-1 well are HHDL with a 65% working interest and Magellan with a 35% interest.

gibby - 20 Oct 2014 07:30 - 392 of 429

i would not want to be out of solo for the foreseeable!
http://www.telegraph.co.uk/finance/11171067/HORSE-HILL-SUNDAY-STORY-HEADLINE-TO-COME.html

plus super giant tanz!
gla

gibby - 22 Oct 2014 00:21 - 393 of 429

http://www.telegraph.co.uk/finance/11171067/Oil-find-expected-in-Britains-Dallas.html

gibby - 23 Oct 2014 16:06 - 394 of 429

LEAK - MOVING!

skinny - 24 Oct 2014 07:02 - 395 of 429

Portland Oil Discovery, Horse Hill-1

Solo today announces that, following preliminary evaluation of the electric logs, the Horse Hill-1 well has discovered an oil accumulation in the conventional Upper Jurassic Portland Sandstone at a top reservoir depth of 1,791 feet TVDss.

A preliminary most likely estimate of 3.1 million barrels ("mmbbls") of gross in place hydrocarbon volume has been calculated within the upper Portland, with a further gross unrisked in place prospective hydrocarbon volume of 16.8 mmbbls of oil in a separate lower sand in the Portland interval located in an untested fault block to the south. As previously announced, the well is being deepened to the Triassic where an additional target, believed to have potential for gas, is expected to be reached in the next two weeks.

The Portland Sandstone was previously reported on 16 October 2014 to have oil shows in cuttings and elevated gas readings whilst drilling and these indications have been confirmed by independent petrophysical analysis of the electric logs acquired in the well during the last week. Further analysis is continuing to establish the recoverable volume of oil that has been discovered.

poo bear - 24 Oct 2014 07:35 - 396 of 429

A nodding donkey opportunity with an upper end evaluation of:-


mmbbls, in-place-oil

Low (P90)

Medium (P50)

High (P10)


Discovered

1.5

3.1

4.8


Undiscovered

7.8

16.8

29.7

............. and a five way split.

I would format but don't want to eat into their profits.

That said I daresay some will make the share price fly upwards without knowing the facts. ( or caring)

cp1 - 24 Oct 2014 14:21 - 397 of 429

III articles author has stuck the boot in here and I suspect the 1.34p buyer this morning won't see his price again once he has had his head examined and gets out on day release. Do punters not look at valuations of a company before buying a share? Perhaps they think a share is cheap if it's only fractions of a pence? Mind boggles at the chasers here. GLA.

HARRYCAT - 24 Oct 2014 15:21 - 398 of 429

"Do punters not look at valuations of a company before buying a share?" Many people just trade the stock purely on momentum, chart (TA) or other criteria which have nothing to do with the fundamentals. My understanding is that is the difference between trading and investing.

skinny - 29 Oct 2014 07:06 - 399 of 429

Application in the UK 14th Round

HARRYCAT - 05 Nov 2014 09:53 - 400 of 429

StockMarketWire.com
UK Oil & Gas Investments and Solo Oil said the Horse Hill-1 well in the Weald Basin failed to find gas in the Triassic target but that it will be tested as a probable future oil producer from the Portland Sandstone discovery.

They said the well was successfully completed with a discovery in the Jurassic and has reached total depth at 8770 feet measured depth in rocks of pre-Triassic Palaeozoic age, which were prognosed at that depth.

The well has been electrically logged from the previous casing point to TD and a vertical seismic profile has been acquired to correlate the well to the available 2D seismic data. The logs are now being analysed along with all other relevant data from the well.

The well is currently being prepared for future flow testing in the identified Jurassic age Portland Sandstone oil discovery.

A preliminary most likely estimate of 3.1m barrels (mmbbls) of gross in place oil has been calculated within the upper Portland from a 102-foot gross oil column, with a further most likely unrisked undiscovered gross oil in place volume of 16.8 mmbbls in a separate lower sand in the Portland interval located in an untested fault block immediately to the south.

The Horse Hill-1 well is located on the northern side of the Weald Basin near Gatwick Airport.

js8106455 - 17 Dec 2014 08:56 - 401 of 429

Watch: Neil Ritson, Chairman discuss Solo Oil

Click here to watch

HARRYCAT - 17 Dec 2014 12:46 - 402 of 429

Upgrade on Portland Discovered Oil in Place Volumes and
Conventional Upper Jurassic Limestone Oil Play, Weald Basin UK


Solo today announces that, as a result of the analysis and integration of subsurface data from the Horse Hill-1 ("HH-1") discovery well, in which Solo holds a net attributable interest of 6.5%, the calculated estimates of the discovered most likely gross oil initially in place ("OIIP") within the overall Upper Portland sandstone conventional reservoir in the HH-1 and Collendean Farm-1 ("CF-1") structure have increased by over 250% from the 3.1 million barrels ("mmbbls") reported on 24 October 2014, to a current most likely OIIP of 8.2 mmbbls. Similarly, calculated estimates of low case (P90) discovered OIIP has increased by nearly 400% to 5.7 mmbbls and high case (P10) OIIP volumes show a 250% increase to 12.1 mmbbls.

In addition, the results of electric log analysis in the HH-1, CF-1 and other regional wells to the south of PEDL 137 ("Licence"), combined with ongoing geochemical analysis of HH-1 samples, indicate that the key elements of a conventional Upper Jurassic Limestone oil play have been demonstrated to extend into the southern part of the Licence. The HH-1 well demonstrates the presence of limestone porosity adjacent to, both overlying and underlying, thermally mature super-saturated world-class oil source rocks within a 1,496-foot gross interval of the Upper Jurassic Kimmeridgian Clay ("KC") Formation between 2,224 feet and 3,720 feet TVDss. Samples from the KC show total organic carbon ("TOC") of up to 9.4%, generative potentials of between 45-103 kg of hydrocarbons per tonne and with measured vitrinite reflectance ("Ro") exceeding 0.81% at the base of the formation.

Further conventional oil potential within the Middle Jurassic Kellaways Beds sandstones in HH-1 is currently under investigation.

Work is underway to obtain the necessary permissions to conduct a production flow test from the HH-1 Upper Portland conventional oil pool in 2015.

The current OIIP estimates are set out in Table 1 below. The full results of the HH-1 well are complex by their nature. The Operator's post-well evaluation has taken longer than expected and is still continuing, as described below.

Neil Ritson, Solo's Chairman, commented:
"The presence of a considerably larger volume of oil in place is very encouraging and we are keen to see the flow rate from the Portland Sandstone tested in order to assess the recoverable volume of oil. The presence of additional potential oil resources in the Kimmeridgian limestone and a far more mature source rock than previous expected are also of great interest and we look forward to updates as further studies are completed."

skinny - 18 Dec 2014 07:09 - 403 of 429

Update - Ruvuma PSC, Tanzania

Solo Oil plc (AIM: SOLO) has been advised by Aminex PLC ("Aminex") that they have updated their internal resource estimates in the southern part of the Ruvuma Petroleum Sharing Contract ("PSC") area, in which Solo holds a 25% interest, from mean initially in place gas of 2.3 trillion standard cubic feet ("tcf") to 3.2 tcf.

more....

cp1 - 31 Dec 2014 11:09 - 404 of 429

Apparently Tom W calling this a short and I can't say I blame him one bit. The way some of these tiddlers have risen in the face of collapsing oil defies belief. Look at sound oil valuation it seems ludicrous especially when you look at natural gas hitting new lows again this morning. BG group is struggling so I presume SOU is a much better run company producing gas cheaper than its 30 billion peer... !

I sense huge pain for oil stocks next year.

js8106455 - 03 Feb 2015 09:49 - 405 of 429

Solo Oil - Acquisition of Kiliwani North & update on UK

Click here

js8106455 - 18 Feb 2015 10:29 - 406 of 429

Solo Oil - Update: Kiliwani North gas field, Tanzania

click here

skinny - 18 Mar 2015 07:04 - 407 of 429

Update on Horse Hill discovery, UK Weald Basin

Solo is pleased to announce that its technical alliance partner in the Horse Hill discovery in the UK Weald Basin, UK Oil and Gas Investments plc ("UKOG"), has released a significant update on the technical work being conducted by UKOG on behalf of Horse Hill Developments Limited ("HHDL") in alliance with NUTECH Ltd ("Nutech").

UKOG have announced that ongoing well analysis of the Horse Hill-1 well ("HH-1") with Nutech has identified that, in addition to the previously reported 102 feet of Portland sandstone gross oil pay, a further 407 feet of potential net oil pay exists within limestones and claystones of the Kimmeridge Clay ("Kimmeridge"), Oxford Clay ("Oxford") and Middle Lias ("Lias") Formations calculated from electric logs.

skinny - 01 Apr 2015 07:09 - 408 of 429

Update Kiliwani North Development, Tanzania

The Company has been informed by operator Aminex plc that the Tanzanian Petroleum Development Corporation ("TPDC") have formally reported that the regional pipeline connecting Dar es Salaam to Mnazi Bay is now complete and that hydrostatic pressure testing will begin shortly. The construction of the processing plant on Songo Songo Island is reported by TPDC as approximately 95% complete and it is expected that commercial production of gas from Kiliwani North will commence late in the first half 2015 with stabilized production rates achieved during the third quarter 2015.

Neil Ritson, Solo's Chairman, commented:
"The project remains on track for first commercial sales in the mid-year and once the gas sales agreement comes into force we will consider our option to double our interest in the project from 6.5% to 13%."

skinny - 09 Apr 2015 07:05 - 409 of 429

Significant upgrade to the Horse Hill discovery, Weald Basin

Solo is pleased to announce that its technical alliance partner in the Horse Hill discovery in the UK Weald Basin, UK Oil and Gas Investments plc ("UKOG"), has released a significant further update based on the technical work being conducted by UKOG on behalf of Horse Hill Developments Limited ("HHDL") in alliance with Solo and NUTECH Ltd ("Nutech").

UKOG has announced that it has discovered a potentially significant Jurassic petroleum resource in the UK's onshore Weald Basin within the Horse Hill Licences. This is in addition to the previously reported Upper Portland oil discovery in which the Solo has a 6.5% interest.

US-based Nutech, one of the world's leading companies in petrophysical analysis and reservoir intelligence, estimate that the Horse Hill-1 ("HH-1") well indicates a total oil in place ("OIP") of 158 million barrels of oil ("mmbo") per square mile, excluding the previously reported Upper Portland Sandstone oil discovery.

Nutech's report states that this OIP lies within a 653 feet aggregate net pay section, primarily within three argillaceous limestones and interbedded mudstones of the Kimmeridge, and additionally in the mudstones of the Oxford and Lias sections. Approximately 72% of the OIP, or 114 mmbo, lies within the Upper Jurassic Kimmeridge interbedded limestone and mudstone sequence. The Executive Summary of the Nutech report is appended in full below.

In order to establish estimates of total OIP within the 55 square mile licence area further analysis work is ongoing under the contracted alliance between Nutech, UKOG and Solo. The results of the estimated OIP within the licence will be reported when completed.

Final assessments of the Upper Portland Sandstone, and the Oxford and Lias sections, are in progress, with further results expected shortly.


more....

skinny - 09 Apr 2015 07:27 - 410 of 429

Potential UK oil discovery 'significant'

Hiram Abif - 09 Apr 2015 11:44 - 411 of 429

Looks like the MMs are struggling to get stock to fill orders.

Expect SP manipulation and tree-shake to weed out weak investors. I think a significant short term re-rating upwards of the SP is due soon. This is only the beginning IMO.

Hold tight and keep your nerve, - expecting a bumpy SP ride over next few weeks / months.

DYOR

HAb

js8106455 - 11 May 2015 10:03 - 412 of 429

Solo Oil - Upgrade to Horse Hill

Click here to listen

skinny - 14 May 2015 07:10 - 413 of 429

Tanzanian assets assessed in a new Competent Person's Report

Solo is pleased to announce that Aminex plc ("Aminex), operator for Solo's various interests in Tanzania, has today announced that a detailed technical evaluation of the Kiliwani North Development Licence (KNDL") and the Ruvuma Petroleum Sharing Contract ("PSC") assets has been completed by Senergy (GB) Limited ("LR Senergy") on behalf of their operated joint ventures.

Highlights:

Kiliwani North Development Licence (6.5% working interest)

· Gross mean gas initially in place ("GIIP") of 44 billion cubic feet ("bcf") of which gross 28 bcf has been booked as best estimate (2C) contingent resources

Ruvuma PSA (25% working interest)

· Ntorya-1 discovery attributed gross 153 bcf mean GIIP of which gross 70 bcf booked as best estimate (2C) contingent resources
· Total gross mean GIIP for discovered and undiscovered resources of 4.17 trillion cubic feet ("tcf")
· Four main leads (Ntorya Updip, Namisange, Likonde Updip, Sudi) high graded to drillable targets and attributed total gross 3 tcf mean GIIP
· Basin remains significantly underexplored according to international standards with further potential in various plays

Upon the signing of a Gas Sales Agreement ("GSA") in the KNDL, which is expected prior to gas delivery, the Kiliwani North-1 resources are expected to be upgraded to a reserves category. Further appraisal of Ntorya-1 and agreement to a development plan may also allow resources from that discovery to progress to reserves over time.

Solo holds the right to acquire an additional 6.5% working interest in the KNDL for a payment of US$3.5 million within 30 days of the signing of the relevant GSA.

LGriffith - 14 May 2015 12:29 - 414 of 429

New updates just today regarding Solo and its CPR in Tanzania: http://brrmedia.co.uk/event/138619/neil-ritson-chairman

mentor - 22 May 2015 10:27 - 415 of 429

has gone nowhere since the placing
a bit movement up and then down again, today is up

6 May 2015 - Solo Oil plc
Issue of Shares and TVR

Further to the announcement on 29 April 2015, in relation to the transaction with Burj Petroleum Africa Limited ("Burj Africa"), the Company announces that it will be issuing to Burj Africa forthwith 39,750,000 new ordinary shares in the Company at an issue price of 0.51 pence per share.


Chart.aspx?Provider=EODIntra&Code=SOLO&S

Hiram Abif - 01 Jun 2015 14:44 - 416 of 429

Profit taking and top slicing of SP. Expecting SP to consolidate for a few days / weeks, then next upward surge beyond 30p IMO. Resistance level currently @26p / 28p.

Will continue to surf SP and top up, prior to news decision outcome at end of June.

DYOR
HAb

skinny - 01 Jun 2015 14:46 - 417 of 429

Resistance level @24p?

skinny - 04 Jun 2015 07:34 - 418 of 429

TEMPORARY SUSPENSION OF TRADING ON AIM

Announcement regarding temporary suspension

The Company has requested the temporary suspension of trading in its shares, pending an announcement which is expected shortly in relation to its interests in the Horse Hill-1 well.


HARRYCAT - 04 Jun 2015 08:03 - 419 of 429

Amazing....Stellar Resources, Doriemus, UKOG, Alba Minerals and Evocutis all suspended.

skinny - 05 Jun 2015 07:03 - 420 of 429

Horse Hill-1 Well and Restoration of Trading

Solo is pleased to note the announcement by UK Oil & Gas Investments PLC ("UKOG") that Schlumberger, acting in an advisory capacity to UKOG, has independently evaluated the unconventional oil potential of the Horse Hill-1 well ("HH-1"), located in PEDL137 in the Weald Basin near to London Gatwick Airport, where the Company has a 6.5% interest.

Schlumberger has estimated a gross overall oil in place ("OIP") for the Jurassic section of the well to be approximately 271 million barrels of oil ("mmbbls") per square mile. A total of 255 mmbbls gross OIP lies within the tight limestone and mudstone plays of the Kimmeridge, Oxford Clay and Lias. The balance is in the Upper Portland Sandstone discovery previously announced. This figure of 255 mmbbls per square mile can be compared with the OIP estimated by NUTECH Ltd ("Nutech") and previously reported in April 2015 as gross 158 mmbbls per square mile.

Oil in place hydrocarbon volume estimates should not be construed as recoverable resources or reserves.

more....

skinny - 18 Jun 2015 07:14 - 421 of 429

Independent Assessment of the Oil in Place of the Horse Hill Licences

Further to the report provided to UK Oil & Gas Investments PLC ("UKOG") and Solo by Nutech in relation to the Horse Hill-1 ("HH-1") well in the Weald basin, previously announced in April 2015, Solo has been advised that Nutech has now provided UKOG with an additional independent report of the estimated oil in place ("OIP") contained within the 55 square mile area covered by the Horse Hill licences (PEDL 137 and PEDL 246) ("Horse Hill") near Gatwick Airport, south of London, where Solo holds a 6.5% net attributable interest.

The new study calculates that the total Jurassic mudstone and tight limestone section of the Horse Hill licences contain a best estimate oil in place ("OIP") of 9,245 million barrels ("mmbbls"). The most significant OIP within the Jurassic section is contained within the mudstones and tight limestone sequences of the Kimmeridge Formation, with a calculated best estimate total Kimmeridge OIP of 5,230 mmbbls.

This evaluation does not include the OIP for the Portland Sandstones, which has already been evaluated independently by Xodus Group and announced on 11 May 2015. The calculated OIP figures estimated by Nutech should not be construed as contingent resources or reserves.

more....

js8106455 - 12 Aug 2015 13:41 - 422 of 429

Listen: Solo Oil - Annual General Meeting

click here

skinny - 26 Aug 2015 07:02 - 423 of 429

Tanzania Update

Weald Basin Update

LGriffith - 30 Sep 2015 16:06 - 424 of 429

Solo Oil - Half Yearly Report - listen here.

Bullshare - 23 Oct 2015 12:52 - 425 of 429

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.

Directors present their latest plans regarding development and growthAn opportunity to talk directly to the companies and personally put forward your questionsThe chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions
Who Should Attend?

The evening exposes investors to companies across various sectors. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Thursday 19th November 2015

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:
18.00 
Registration and coffee
18.30 
Presentations
• David Reading, CEO & Director - Aureus Mining (AUE)
• David Hornsby, CEO - Ideagen (IDEA)
• Dr Jim Phillips, CEO - Midatech Pharma (MTPH)
• Neil Ritson, Chairman - Solo Oil (SOLO)
+ More to be announced
20.30 
Drinks reception and canapés
21.30 
Close
Attendance is free, but spaces are limited. Register now to secure your place!
Aureus Mining (AUE)
Aureus Mining (AUE) 

Aureus Mining Inc, through its subsidiaries, is engaged in the exploration and development of gold deposits in highly prospective and under-explored areas of Liberia and Cameroon. Aureus Mining’s activities are currently concentrated on the development of the New Liberty Gold Project in Liberia. The Company also owns 100% exclusive rights to the Weaju, Gondoja, Ndablama and Leopard Rock projects in Liberia and to the Batouri gold project in Cameroon.

Our Vision is to be an African mid-tier gold producer with a brand recognised for sustainability, innovation and good relationships with the local communities.

Ideagen (IDEA)
Ideagen (IDEA) 

Ideagen Plc is a supplier of compliance based Information Management software with operations in the UK and the United States. We specialise in eGRC (Enterprise Governance, Risk and Compliance) and Healthcare solutions for organisations operating within highly regulated industries. As authors of an excellent portfolio of software products, Ideagen is able to provide complete content lifecycle solutions that enable organisations to meet their Regulatory and Quality Compliance standards, helping them to reduce costs and improve efficiency.

Our Mission Statement is: “To enable our clients to improve their organisations by providing the tools which can help improve customer service, increase efficiency, reduce risk, enhance compliance, and lower costs".

Midatech Pharma (MTPH)
Midatech Pharma (MTPH) 

Midatech is a nanomedicine company focused on the development and commercialisation of multiple, high-value, targeted therapies for major diseases with unmet medical need. It is advancing a pipeline of novel clinical and pre-clinical product candidates based on its proprietary drug conjugate and sustained release delivery platforms with a clear focus on the key therapeutic areas of diabetes, cancer and neuroscience/ophthalmology. Midatech’s strategy is to develop its products in-house in rare cancers and with partners in other indications, and to accelerate growth of its business through strategic acquisition of complementary products and technologies.

Solo Oil (SOLO)
Solo Oil (SOLO) 

Introducing Solo Oil

- Oil and gas Investment company- Listed on the London AiM Market (SOLO)

Objectives

To acquire and develop a diverse global portfolio of oil & gas assets

Portfolio

Non-operated oil & gas assets:

- Major stake in the prolific Ruvuma Basin, Tanzania- Interest in Kiliwani North (KNDL), Tanzania- More than 5 tcf of prospective resources identified in Tanzania- Ntorya-1 (Tanzania) discovery flowed 20 mmscfd and 139 bopd- Participation in UK Weald Basin exploration projects, including Horse Hill- Strategic investment in Burj Africa, West Africa- Enhanced Oil Recovery project in Ontario, Canada

Sponsored by:
AJ Bell Youinvest
London Stock Exchange

Bullshare - 23 Aug 2016 15:00 - 426 of 429

The Shares Investor Evening is coming to Edinburgh on Wednesday 5th October 2016 
 
We would like to invite you to our exclusive Shares Investor Evening in association with  Alliance Trust Savings in Edinburgh on Wednesday 5th October 2016. Following the success of our regular investor event in London andour event earlier in tne year in Edinburgh we are coming back!
 
 
This free event offers a unique opportunity to hear from company directors about their latest plans and strategy for their firms growth and development. You have the opportunity to ask the questions that matter to you and network with fellow investors over drinks and canapes
Who Should Attend?

The evening exposes investors to companies across various sectors. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Wednesday 5th October 2016

Venue:

Radisson Blu Hotel Edinburgh, 80 High Street, The Royal Mile, Edinburgh, EH11TH

Event Timings:
18.00 
Registration and coffee
18.30 
Presentations
• Mark Learmonth, CFO & Director - Caledonia Mining Corporation (CMCL)
• Richard Gray, CEO - Scotgold Resources (SGZ)
• Neil Ritson, Non-Executive Chairman - Solo Oil (SOLO)
• James Parsons, CEO - Sound Energy (SOU)
• Dr. George Morris, Chief Operations Officer - Valirx (VAL)
20.30 
Drinks reception and canapés
21.30 
Close
Attendance is free, but spaces are limited. Register now to secure your place!
Caledonia Mining Corporation (CMCL)
Caledonia Mining Corporation (CMCL) 

Caledonia is an exploration, development and mining company focused on Southern Africa. Caledonia's primary asset is a 49% interest in the Blanket Mine in Zimbabwe which produced over 45,500 ounces of gold in 2013 at a cash cost of US$613/oz.Caledonia has a strong, experienced management team and Board of Directors with diverse expertise in gold production, exploration, mine development, finance and marketing.

Scotgold Resources (SGZ)
Scotgold Resources (SGZ) 

Aus­tralian Secu­ri­ties Exchange listed Scot­gold Resources Lim­ited (ASX:SGZ) was estab­lished in 2007 and listed on the ASX in Jan­u­ary 2008. The company’s shares were admit­ted to trad­ing on the AIM mar­ket of the Lon­don Stock Exchange (AIM:SGZ) in Feb­ru­ary 2010. The Company’s prin­ci­pal objec­tive, since 2008, has been the advance­ment of the Conon­ish Gold and Sil­ver Project in Scotland’s Grampian High­lands to a pro­duc­tion deci­sion and explo­ration of the highly prospec­tive ten­e­ments com­pris­ing the Grampian Gold Project with the view of iden­ti­fy­ing fur­ther project opportunities.

Solo Oil (SOLO)
Solo Oil (SOLO) 

Introducing Solo Oil

- Oil and gas Investment company- Listed on the London AiM Market (SOLO)

Objectives

To acquire and develop a diverse global portfolio of oil & gas assets

Portfolio

Non-operated oil & gas assets:

- Major stake in the prolific Ruvuma Basin, Tanzania- Interest in Kiliwani North (KNDL), Tanzania- More than 5 tcf of prospective resources identified in Tanzania- Ntorya-1 (Tanzania) discovery flowed 20 mmscfd and 139 bopd- Participation in UK Weald Basin exploration projects, including Horse Hill- Strategic investment in Burj Africa, West Africa- Enhanced Oil Recovery project in Ontario, Canada

Sound Energy (SOU)
Sound Energy (SOU) 

Sound Energy is a well-funded Mediterranean upstream company, listed on AIM, with cost covering production, a cornerstone investor, a strategic partnership with Schlumberger (one of the largest companies in our sector) and an active and potentially transformational drill programme.

Valirx (VAL)
Valirx (VAL) 

Valirx Plc is an oncology-focussed Biopharmaceutical Company, developing treatments and diagnostics. Technologies are selected by using rigorous clinical and commercial processes to address unmet market needs.

Clinical lead product is VAL201, a peptide for prostate cancer with follow-on indications in ovarian and breast cancers and endometriosis. Product VAL401, is a small molecule reformulation for lung cancers.

The Company’s proprietary technology platform, GeneICE, enables selective silencing of rebellious genes’ inappropriate activity. VAL101, the first GeneICE therapeutic, targets and reduces expression of Bcl-2, implicated in about half of cancers. GeneICE extension to neurology and inflammatory diseases will follow.

A novel diagnostic, the Nav3 system, detects pre-cancerous, cancerous and metastatic cells in tissue samples even before a tumour forms; indicating potential malignant formation.

Sponsored by:
Alliance Trust Savings

HARRYCAT - 18 Oct 2016 08:44 - 427 of 429

StockMarketWire.com
Solo Oil said site preparations for the Ntorya-2 appraisal well have now been completed and that mobilisation of the Caroil#2 rig from the Ntorya-1 wellsite is underway.

The Ntorya-2 pad is located approximately 1.5 kilometres to the southwest of the Ntorya-1 well.

The rig and associated equipment are being transported to the new site, will be rigged up and tested, and will then undergo any maintenance required before being taken on under the contract reported on 23 September 2016.

The majority of other well services have also now been contracted. Solo therefore estimates that the Ntorya-2 appraisal well is likely to spud in December 2016.

Solo holds a 25% interest in the Ruvuma Petroleum Sharing Agreement ("Ruvuma PSA") which contains the Ntorya gas condensate discovery made in 2012 with the Ntorya-1 well which was tested at a rate of 20.1 million feet per day of gas ("mmscfd") and 139 barrels per day of condensate from a 3.5 metre interval at the top of a 20 metre Cretaceous sandstone pay zone at a depth of approximately 2,600 feet.

The Ntorya-1 well has been credited in an independent report by Senergy (GB) Limited with gross 153 billion cubic feet ("bcf") of gas in place, of which 70 bcf are considered gross best estimate contingent resources.

A further gross best estimate of undiscovered gas in place of over 1 trillion cubic feet is attributed to the Ntorya Prospect as a whole and is the target of the Ntorya-2 well which is being drilled updip and in a thicker part of the sand body interpreted on the 2014 seismic data acquired to facilitate appraisal.

The Ntorya discovery lies just 20 kilometres from the 36-inch Mtwara to Dar es Salaam gas pipeline which was commissioned in late 2015 and is transporting produced gas from various fields, including the Kiliwani North Field where Solo holds a 7.125% interest, to gas markets in the north of Tanzania.

HARRYCAT - 08 Sep 2017 10:36 - 428 of 429

StockMarketWire.com
Solo reported that the Environment Agency granted the necessary permits to Horse Hill Developments (HHDL), the operator of Horse Hill licences PEDL 137 and PEDL 246, to enable HHDL to carry out extended well tests, drill a side-track well from the existing Horse Hill-1 well (HH-1) and drill and test a new borehole at the HH-1 site.

As previously advised, a planning application in relation to these proposed activities was submitted to Surrey County Council (SCC).

We have been informed by HHDL that SCC has confirmed that the planning application is now scheduled to be determined at October's meeting of its planning committee.

Members of the planning committee completed a scheduled visit to the Horse Hill site yesterday, 7 September, in preparation for the October meeting.

Solo owns 10% of HHDL, which owns 65% of the Horse Hill Petroleum Licences containing the HH-1 oil discovery, and therefore a 6.5% interest in the licences, well and the discovery.

black bird - 11 Sep 2017 10:39 - 429 of 429

sell @ a 1p level post consolidation 20p BB
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