Re: Updated RNS Yesterdays RNS was like me saying 'I've won the Lottery' and not telling anyone I'd won a tenner!
How Much Paid This company lacks credibility and integrity . They always manipulate and exaggerate any news flow . Do they think we were born yesterday. Paid how much??????
Re: Updated RNS Given the Government in Tanzania has also recently introduced significant Tax increases for mineral operators...the combupinagion of this with the Government's inability to pay it's bills on time is not really doing it's reputation for international business much good!I'd certainly like to know what the level of debt owed currently is and what undertakings the Tanzanian Governement has made in relation to settling these debts! I just hope the agreement has pretty healthy debt interest penalties.GLAA
Re: Updated RNS Bod. need their foot on the gas instead of the break(sic)
Re: Updated RNS Problems of doing business in Africa, Tanzania in particular.Let's hope the situation improves and all due revenues are paid. What can Solo do ? Turn off the gas ??
Re: Updated RNS Always concerning when a RNS like this is released.How much did they pay?How much is still outstanding?Likely to create a more negative market mood than before.
Re: Updated RNS Interesting that no figure is given for the payment so it could be very small.
Re: Updated RNS Seems as if collecting the money in Tanzania continues to be a problem.
Updated RNS Update on Kiliwani North, Ntorya, TanzaniaThu, 20th Jul 2017 070RNS Number : 5658LSolo Oil Plc20 July 2017 FOR IMMEDIATE RELEASE, Embargoed until 7 am 20 July 2017 SOLO OIL PLC("Solo" or the "Company" Update on Kiliwani North, Ntorya, Tanzania Solo Oil plc (AIM: SOLO), the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets is pleased to announce that the Company has been informed by Aminex plc, Operator of the Kiliwani North Gas Field, that it has now received a further payment from Tanzania Petroleum Development Corporation ('TPDC') for Kiliwani gas sales. Aminex continues to work with TPDC to bring arrears fully up to date. The Company is further informed that production from the Kiliwani North 1 well continues to average 15 MMcf/d during 2017. In the Ruvuma area, Aminex is focused on updating its basin model which includes preliminary re-mapping of multiple stratigraphic fairways and updating resource numbers. A gas development plan is being prepared by io oil & gas consultancy. These, together with submission of the Ntorya Field development plan to TPDC, are expected to be completed in early September. Neil Ritson, Solo's Chairman commented: "We are pleased to see that TPDC have made a further US$ payment for our Kiliwani gas sales and that Aminex continue to work with TPDC to bring payments up to date. The Ruvuma basin modelling study is an important step in optimising the development of the Ntorya gas field and Solo continues to work closely with Aminex on this project.. We look forward to being able to report the results of the study in the coming quarter." For further information:Solo Oil plcNeil Ritson / Dan Maling+44 (0) 20 3794 9230 Beaumont Cornish LimitedNominated Adviser and Joint BrokerRoland Cornish+44 (0) 20 7628 3396 Shore CapitalJoint BrokerJerry Keen Beaufort SecuritiesJoint BrokerJon Belliss Buchanan (PR)Ben Romney / Chris Judd +44 (0) 20 7408 4090 +44 (0) 20 7382 8300 +44 (0) 20 7466 5000 Qualified Person's Statement: The information contained in this announcement has been reviewed and approved by Neil Ritson, Chairman and Director for Solo Oil plc, who has over 38 years of relevant experience in geology, resource estimation and the oil and gas industry. Mr. Ritson is a member of the Society of Petroleum Engineers (SPE), an Active Member of the American Association of Petroleum Geologists (AAPG) and is a Fellow of the Geological Society of London (BGS). This information is provided by RNSThe company news service from the London Stock Exchange END UPDLLFSTDSIALID
Re: Is consolidation on? Consolidation next week if approved.1 share for every 20 you own.
Re: Is consolidation on? Same old,any rise is being sold into-no leadership from the bod. leaves the share in the hands of mr .short.
Re: Is consolidation on? Needs something!!!! 70% down on this dog.
Is consolidation on? Any news about consolidation?
From a post from Uk oil and gas Looking at the depth of this well several tools will be run simultaneously as a logging string and the combination of results is more informative than each individual measurement.Electric logging reveals very quickly the resistivity of the oil or gas against salty water or otherfluids. These values are well documented and compared against known values from other wells.If the values from this well compare with the values at Horse Hill success is virtually assured.The acoustic or sonic logging transmits a sound pulse into the formation and a receiver on the other part of the tool detects the transmitted pulse. The travel distance of the pulse is a knownfactor so it's travel time provides a sound velocity that is proportional to a porosity measurement.It's a possibility that a receiver is placed in the Horse Hill well in which case the porosity of theOil bearing strata and its ability to flow through it is of paramount importance when assessing accesability and reserves. They will possibly be also using Nuclear Magnetic Resonance tools to obtain information aboutPore sizes and fluids in situ. These strings transmit real time information as they are lowered to the WD.The way this share is rising currently would seem to indicate this information flow is positive. Oh to be a fly on the wall of the analysis team.
african delema i believe that the "helium "project involving solo was a typical african job.i have been involved with too many aim companies in this part of the world which have had the" change of rules" placed on them at the time of fruition. helium 1 would have locked them in.i believe solo have been sold a pup,fortunately as of now a little one.dyor