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 ?

buy dogs and you get dog shit!

Then by association so are Tullow?
cyril

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!

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

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

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

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

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

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

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!

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

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

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!

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

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.

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.

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

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

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.

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 !.