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Solo Oil: Analyst Malcolm Graham-Wood expects 'significant valuation uplift' when trading resumes

Analyst and commentator Malcolm Graham-Wood says this week's acquisition by Solo Oil (LON:SOLO) of producing natural gas fields in the Dutch section of the North Sea 'ticks all the boxes'.

''I was really impressed by this to be honest''.

''This deal they've done really does hit every nail on the head - it's reasonably priced, they'll raise some debt and equity and it transforms the company absolutely and completely''.

Graham-Wood also offers up his thoughts on recent developments with Genel Energy PLC (LON:GENL), Gulf Keystone Petroleum PLC (LON:GKP), Bahamas Petroleum Company PLC (LON:BPC), Nu-Oil and Gas PLC (LON:NUOG), Jersey Oil & Gas Plc (LON:JOG) and Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG).

Quick facts: Solo Oil PLC

Price: 2.425 GBX

Market: AIM
Market Cap: £15.32 m
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Investor Update: Solo Oil to rebrand as it acquires new producing Dutch assets

Headlines from the Proactive UK newsroom. Solo Oil (LON:SOLO) has taken a major change of direction with the acquisition of a chunk of natural gas assets in the Dutch North Sea from One-Dyas. The deal involves an upfront payment of €30.1mln in debt and equity.  Falcon Oil & Gas...

on 9/10/19

2 min read