Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SOLO OIL PLC. We currently have 7 research reports from 3 professional analysts.
|09Jan17 07:00||RNS||Operational Update Ntorya-2, Tanzania|
|21Dec16 03:00||RNS||Spudding of Ntorya-2|
|19Dec16 07:00||RNS||Ntorya-2 Update, Tanzania|
|06Dec16 04:47||RNS||Director/PDMR Shareholding|
|05Dec16 07:00||RNS||Operations Update, Tanzania|
|22Nov16 03:20||RNS||Holding(s) in Company|
|21Nov16 03:48||RNS||Holding(s) in Company|
Frequency of research reports
Research reports on
SOLO OIL PLC
SOLO OIL PLC
10 Jan 17
"The time for talking is almost over. In just ten days, having been handed the keys to the White House, Donald Trump instead has to start delivering. Reality will strike when he faces the fact that economic and political cycles always move at remarkably different speeds. Should he recognise this fact by toning down his more extreme remarks and adopting a more realistic stance regarding what and when he can deliver, many world leaders will heave a sigh of relief although it will also cool expectations of some presently over-excited markets, particularly in US equities and the Dollar. Such cautionary thoughts appeared to pervade the overnight markets, most of which ended mixed to modestly down, with the Nikkei being the principal casualty as the US$ slide from Monday's highs against the Yen gathered pace and local commentators speculated over the chances of the coming administration voicing concerns regarding the problem of supporting exceptional Dollar strength. Weakness in energy shares following the slump in oil prices also pressured the principal US equity indices, with only the tech-heavy NASDAQ remaining in positive territory. In Asia, the ASX follow suit while Chinese shares closed mixed with the more international Hang Seng finishing in the positive as the Shanghai Composite ended modestly down having received mixed inflationary signals of marginally slowing consumer prices for December while the Producer Price Index spiked sharply up to 5.5% from an annualised 3.3% in November. Having raised expectations of the UK heading to a 'Hard Brexit', Theresa May's weekend comments saw Sterling dive to below US$1.22 yesterday, which boosted the FTSE100 with its quoted Dollar earners the principal beneficiary. Some of this looks to be given back this morning, however, following a letter from John Vickers, a former Bank of England Chief Economist who was responsible for steering the 2011 Independent Commission on Banking. His note pointed out the fact that low market-to-book values might well be highlighting a problem with underlying asset quality, something that cannot be ignored when trying to stress test the system. These background noises will likely contrive a marginally weaker opening for London equities this morning, with the FTSE-100 seen down around 5 points in early trading. Little else of significance is due from the UK on the macro front today, having already seen release of the BRC Shop Price Index first thing, although later this afternoon the US publishes its Redbook Index and releases Wholesale Inventories for November. UK corporates scheduled to provide earnings or trading updates include Big Yellow (BYG.L), boohoo.com (BOO.L), Gocompare (GOCO.L), Just Eat (JE..L), Majestic Wine (WINE.L), Morrison Supermarkets (MRW.L), Nichols (NICL.L), Robert Walters (RWA.L) and Topps Tiles (TPT.L)." - Barry Gibb, Research Analyst
06 Dec 16
"Markets quickly recovered their composure following the Prime Minister of Italy's shock resignation yesterday, with all major global indices closing in the positive. Near-term focus remains on the impact of international reflation, with investors asking whether the ECB's meeting on Thursday will be brave enough to conclude that the European economy is now sufficiently strong to propose cutting back the amount of bonds it stockpiles from the EUR80bn it has been buying every month since March. While such a possibility was signalled by Mario Draghi in an interview with Spanish newspaper El Pais last week, any tapering of its purchases would likely accelerate further the current sell-off in government bond markets, spiking yields and threatening stability of highly-indebted countries, like Italy, while also stunting growth in the region's more prosperous regions. Whatever, the expectation that Trump may oblige the Federal Reserve to effectively 'look the other way' as let the economy 'run hot' despite rising inflation continues to boost equities at the expense of Treasuries, as the Dow Jones hit yet another record high yesterday and technology stocks returned to favour sufficiently to push the NASDAQ up over 1%. Riding on the back of Wall Street, Asia was also firmer across the board, although the Shanghai Composite ended only just in the positive, as the traders considered Trump's latest criticisms of Chinese policy on social media to be a sign of tough trade and tariff negotiations to come. Almost adopting a 'if you can't beat them, join them' approach, the Bank of England's Mark Carney yesterday also entered the debate, calling on policy makers to pursue a better mix of fiscal, structural and monetary policies, noting that for too long central banks have been "the only game in town"; he also repeated earlier guidance provided by his officials that the Bank will be prepared to let annual inflation drift above its 2% target in order to support economic growth. Having seen this morning's BRC November same-store retail sales post 0.6% growth year-on-year, with the overall figure up 1.3%, no further significant macro data is expected from the UK today, although the US will release Factory Orders this afternoon. UK Corporates due to provide earnings or trading updates include Ashstead (AHT.L), Imagination Technologies (IMG.L), Northgate (NTG.L), On the Beach (OTB.L), Ultra Electronics (ULE.L), Vianet Group (VNET.L) and Wolseley (WOS.L). London is seen opening nervously this morning, with the FTSE-100 seen down 12 points in opening trade." - Barry Gibb, Research Analyst
Appraisal well spudding December
02 Nov 16
Solo Oil is an E&P investment company with four main investments, two in Tanzania and two in the UK, all are onshore. The largest investment by both value and upside potential is Solo’s 25% interest in the Ruvuma PSA in Tanzania, a post discovery and potentially very large onshore gas play. Aminex is the operator with 75%. In 2012 Ruvuma PSA had a commercial gas discovery with the Ntorya-1 (NT-1) well. And although NT-1 alone would underpin a mid-sized operation (and Solo’s share price), the Tanzanian government, Aminex and Solo expect much more. The Ntorya Gas Project is now entering a two well appraisal phase, primarily designed to test potential scale. The first appraisal well (NT-2) is spudding in December, which if successful could result in contingent resources of up to 300 BCF. We anticipate the NT-2 drilling process to generate buying interest in the shares and initiate with a BUY recommendation and 0.84p target price.
GMP FirstEnergy ― UK Energy morning research package
06 Dec 16
Transglobe Energy (TGL CN); BUY, C$5.25: Homeward bound… back to Canada | Great Eastern Energy Corporation (GEEC LN) (not covered): Reserves update in India | BP (BP LN) (not covered): Acquiring interest in Tangguh in Indonesia | Exillon Energy (EXI LN) (not covered): Production update in Russia | Genel Energy (GENL LN); SPECULATIVE BUY, £2.60: Receipt of payment for Taq Taq export in Kurdistan | ExxonMobil (XOM US) (not covered): Relinquishing blocks in Kurdistan
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
16 Jan 17
We take a look at the rankings of the various countries in Africa that have a significant exposure to mining. We take the Transparency International corruption rankings as our starting point and modify these for exceptional geology and for current UK government travel warnings. Ghana, Botswana and Namibia come out as our top three, with Eritrea, Kenya and Zimbabwe at the bottom of our rankings.
19 Jan 17
Aggregated Micro Power* (AMPH): Funding for first peaking power plant project (CORP) | The Mission Marketing Group* (TMMG): Positive trading update (CORP) | Cello (CLL): Increasingly backed by, and leveraging, technology (BUY) | 4imprint (FOUR): Growth backed by strong cash flow continues (BUY) | Allergy Therapeutics (AGY): Positive trading update and market share gains drive upgrades (BUY) | Shanta Gold (SHG): Q4 operating results (BUY) | Sound Energy (SOU): Tendrara extended well test result (BUY) | Revolution Bars (RBG): Price target increase (BUY)
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.