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 ?

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!

bought some more this morning..too good to miss at these levels?

Think i'll hold on for now, 10,000,000 sell just gone through, or was that you Skyhigh??

Only a matter of time before the buyers are back.

An article I bumped into on uk-analyst. It's the Growth Equities and Company Research report.

Appointed Astaire.

Looks like they might well try to do a fund raising before the Likonde-1 result, just in case its a duster.

Probably going to see weakness now in the price ?

Evil Knievil on www.uk-analyst.com ...I also bought 3m Solo* (SOLO) at 0.6p this morning. Its main prospect has spudded......apparently, Solo shares are out of kilter with Aminex (AEX) and should be 1p...

Bought some more this morning....SP should strengthen over the next few weeks as we get nearer important RNSs etc., (imho)

Strong rise today.