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Solo Oil could go So high ! (SOLO)     

skyhigh - 19 Oct 2009 08:28


From the Financial Times this weekend

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

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

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


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


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.

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.

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

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

moneyam - chart useless as ever, much the same as some posters

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

("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.
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