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 ?

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 !.

for me, TLW is just dandy, for not only does it have many strings to its bow - i guess it could also be a t/o target, but that should be ignored - but its CFD margin requirement is only 5%, whereas AEX i would guess to be 20/25%, and SOLO perhaps 30% or even more

RF i agree,a small punt on SOLO and now looking closely at AEX with a view to taking a position,but not just yet.
cyril

you obviously want to be in them then cyn.

And tullow is dandy aye LOL.

Poor effort of deramping / ramping mate, tell me you watched the trading of them all today ? Well maybe TLW.

you seem to appear only when things go well, isnt that odd ?

and for everyone ramping AEX, please, if its so good do it on your own threads, stinks of desperation, un-professional, and basically looking at trades today, i'd be bricking it for tomorrow, but i'm sure your not worried because its such a decent share ?

?????????????? ...... i think anyone who chucks money into SOLO needs his brain looking at ..... AEX, i have no particular interest in other than as junior partner to TLW ..... TLW i like a lot, and it continues to perform

Why dont you jog on to the tlw thread then go on do us all a favour.

not sure cynic can jog really.

More like an amble isn't it cynic?

not bad on the bike if you go back to late august ..... Toya kindly posted pix from france!