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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 ?

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??????????????????/
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