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Solo Oil PLC

Solo Oil – Capital Network: Risked Value Represents Significant Upside

Solo Oil Plc (“Solo”) is a London (AIM) listed oil and gas investment company engaged in the acquisition and development of a diverse global portfolio of oil and gas assets. The company has a core portfolio of non-operated assets in Tanzania, including a stake in the prolific Ruvuma Basin, an interest in the producing Kiliwani North gas development on the Songo Songo Island, and a 10% interest Helium One, including the Rukwa project. Other assets include non-operated interests in the Weald and Wessex Basins (Horse Hill and Isle of Wight) onshore UK, a strategic investment in Burj Africa in Nigeria and an enhanced Oil Recovery project in Ontario, Canada.

Executive summary

We estimate a risked value for the company at $106.4m or GBp1.04 per share, representing a substantial upside to the current stock price. We estimate Core value at $1.2m, based on the value of the production asset of Kiliwani North, adjusted for corporate costs and net cash/debt.

Quick facts: Solo Oil PLC

Price: £0.02

Market: AIM
Market Cap: £10.42 m
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What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Solo Oil reveals plans to acquire its way to 5,000 barrels of production per day

Solo Oil PLC’s (LON:SOLO) executive chairman Alastair Ferguson discusses with Proactive London their acquisitive new strategy for growth. Ferguson says they're aiming to build a portfolio of new assets capable of producing some 5,000 boepd within three years. This fundamental change...

on 22/3/19

6 min read