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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 ?

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.
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