Solo Oil is an oil and gas investment company with aims to acquire and develop a diverse global portfolio of oil and gas assets. Solo Oil currently has non-operated oil and gas assets in Tanzania, UK and Canada. It's strap line is "To acquire a widely distributed mix of oil and gas development and production across the world."
Solo Oil Plc Ord 0.01P is listed on the London Stock Exchange trading with ticker code SOLO.L, and is part of the Metals sector. It has a market capitalisation of £3,731m, with approximately 7,388m shares in issue. Over the last year, Solo Oil share price has been traded in a range of 0.68, hitting a high of 0.885, and a low of 0.205.
Solo Oil, officially known as Solo Oil Plc Ord 0.01P was formed in August of 2005, making the company twelve years old. The company filed its latest accounts on 31st December 2014. Solo Oil currently has 4 directors, and has had 10 previous directors over the last 12 years. In the last set of accounts produced by Chapman Davis Llp, the company showed 357 thousand paid in salaries to the 2 staff (average wage of 179 thousand), with the directors receiving an average 89 thousand each. In the accounts filed in 2014, the company paid 0 in dividends. These accounts also showed Solo Oil to have a net worth of 4.29 million, with 2.02 million held in cash.
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|Shares in Issue||7,388m|
|52 Week High||0.885|
|52 Week Low||0.205|
Solo oil should be a compelling ‘Sell’’ or should be avoided for the time being. The company announced its half yearly result, last month on 14th September. The chairman’s statement on the results is as follows: (Read more)
Solo Oil Plc (Solo) is a United Kingdom-based oil and gas investment company and has a market cap of £15.11m. The Company is principally engaged in the acquisition of a portfolio of direct and indirect interests in exploration, development and production oil and gas assets which are based in the Americas, Europe or Africa. Solo has a 25% interest in the Ruvuma petroleum sharing agreement (PSA) in the south-east of Tanzania. Solo holds a 6.5% interest in the Kiliwani North Development License (KNDL) on Songo Songo Island. Solo also holds a 10% interest in Horse Hill Developments Limited (HHDL), which is a 65% interest holder in two petroleum exploration and development licenses (PEDL), PEDL 137 and 246, in the northern Weald Basin between Gatwick Airport and London. Solo owns a 28.56% interest in 23,500 acres of petroleum leases in southern Ontario. Solo also holds a 15.9% interest in Burj Petroleum Africa Limited. (Read more)