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 ?

thanks glen,i was searching for info on the oil barrel conference this morning
and also found this on stockopedia ( see below )

http://www.stockopedia.co.uk/content/solo-oil-plc-oil-barrel-conference-13th-september-68006/

Solo Oil Plc - Oil Barrel Conference 13th September

Tuesday, Sep 11 2012

Solo Oil will be presenting at the 54th Oilbarrel Conference - Thursday 13th September 2012 , among other companies presenting are Petroceltic International and Simba Energy. Details of venue and times can be found here - http://oilbarrel.com/pub/articles/article_id-38

Solo look to be entering a potentially very interesting period with major developments ongoing at both its key assets. In Canada via its investment in Tsx listed Reef Resources and in Tanzania via its Production Sharing Agreement ( PSA ) with london listed Aminex.

Solo,s last production updates holds more than a fair few clues that solid progress is being made in Canada and also at the ruvuma basin in Tanzania. For example in Canada the company and its partner have been carefully preparing the ground and are now commencing full scale production in Ontario, solo,s boss has recently said they are ontrack for 500 boepd production by end of 2012 *

From last official update via RNS: ( Ontario Canada )

28 August 2012

Solo today announces that full-scale oil production has commenced at the Ausable Field in South Western Ontario, Canada, operated by Solo's Joint Venture partner, Reef Resources Limited ("Reef"). Reef has reported that the field has been on production since the 13 July 2012.

Two of the four wells at the Ausable Oil Field (Ausable #1 and Ausable #5) have now been put on line and total liquids potential of 275 barrel oil equivalent per day (boepd) gross has been computed based on the current gas cycling rate of 236 thousand cubic feet per day (mcfd). The initial two wells production rate averaged 13 boepd although this is now being rapidly scaled up as gas cycling rates are increased.

These initial two wells and the surface facilities have now been fully configured for long-term production. Wells Ausable #2 and Ausable #4 will additionally be placed on production and will add substantially to current daily production. Reef anticipate increasing the gas cycle rate about 20-fold to 5,000 mcfd progressively over the next 4 to 6 months and project that liquids production from the four well scheme will then rise to approximately 700 boepd (gross).

Gas has been injected into the reservoir purchased from a local gas utility and will shortly be supplemented with gas from the North and South Airport wells, both drilled by Reef. The cycling of gas provides both pressure support to the reservoir and additional liquids production. Since March 2012, about 50 million standard cubic feet of dry gas have been injected into the reservoir, which represents approximately 10 per cent of the intended volume. As gas injection continues in the coming months, both oil and condensate production volumes will increase.

The recently completed facilities upgrade has successfully addressed all major issues arising from the installation of venturi pumps in the wells and has incorporated the modifications needed for sustainable long-term gas cycling.

The upgrade was a vital component in the optimisation of Reef's EOR program, which is already delivering results. Reef is currently reviewing the final phase of the facilities project, in which the addition of refrigeration will allow the capture of additional natural gas liquids from the production stream. Reef is now well placed to increase production at Ausable and start rolling out its fully configured EOR process across its portfolio of nearby oil projects.

Solo currently holds a 28.56% interest in the project and an option to increase that to 38.1% in return for further investments of CDN$ 1 million. Based on projected production rates the project is expected to generate positive cashflow to its owners by late 2012.



Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."



Last Tanzania update :

Highlights

· Mean unrisked GIIP within identified leads, prospects and discoveries of 5.75 tcf

· A total 1.17 tcf mean unrisked GIIP at Ntorya of which 178 billion cubic feet (bcf) is discovered

· A large lead up-dip of Ntorya is seen to have a mean 2.62 tcf unrisked GIIP potential

· ISIS also recognises significant, but so far unquantified, oil potential in the Karoo Formation

For full details Follow Link -

http://www.investegate.co.uk/article.aspx?id=201207020700115868G

GOOD FIND JAZZ,some strange things going on here this morning - i bought
3.1m shares this morning at 08.55am @ 0.32p and it was published as being
0.302p ??

Makes me think the mm,s are trying to keep this under wraps while a buyer is
being helped to stakebuild.

this looks like its preparing for a breakout guys

There have been a number of chunky buys last few days and i have a hunch
someone is "in the know" on canada. The oil barrel will be interesting on thursday

glen im sure that a big buyer is active here at moment and the mm,s are helping
them.Things are defo getting interesting and some good action coming IMO

Some good buying pressure now starting ahead of OB conference tomorrow and
more of those chunky regular trades popping up - same buyer ?

Jazz,26m traded in first few hours today ,worth another look at the Ceo,s recent
comments on canada.

Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."

Starting to prepare for a breakout now glen

Jazz im on the blackberry in the car,whats live price mate ?

Glen live price is 0.33p - 0.34p and possibly about to tick up again

0.33-0.34
slight rise, 41.4m traded.

Many small buys, & volume is higher than daily average and we have over 3 hours left.

ahoj they are presenting at Oil Barrel tomorrow and could well put an update out
if they unveiling price sensitive info. Good luck

Thanks jazz appreciate the update,could be a lively close today i think mate

you boys must be in up to your necks trying to talk this one up.......lol

balerboy actually i have around 1.3m of these at 0.308p and will add more
when i have funds to do so. Check the ceo,s comments from a few weeks
back in last update.

Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."

Starting to make progress now,some very solid buying here all day and some
tight control by the mm,s. Could be some big buys not published yet imvho

Large 10m buy late on here at 0.33p,think that was delayed from lunchtime when
they moved the spread around quickly up and down.I couldnt get a quote for more
than 1.5m all day through barcs so someone is being helped to stakebuild here in
my humble opinion.

Interesting times

jazz that sure was a good sized buy for this share and when combined with
all the multi 1m and 2m buys last few days i think it shows something cooking
here.

The oil barrel conference tomorrow may well be an eye opener

Jazz,looking at the trades again yesterday its clear something is stirring and the big buyer is very keen.If they are making the progress as per last Rns this will soon be trading huge volumes.

been keeping an eye on this lately...looks a interesting little company