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Solo Oil Plc - Disposal of Burj investment completed

RNS Number : 0618P
Solo Oil Plc
08 October 2019

8 October 2019

Solo Oil plc

("Solo" or "the Company") 


Disposal of Burj investment completed

Solo Oil (AIM: SOLO), a natural resources investment company focused on acquiring a balanced portfolio of production, development and exploration assets, announces that further to its announcement on 10 September 2019 regarding the Company's exit of its 20% investment in Burj Petroleum Africa Limited ("Burj"), no other shareholders in Burj have exercised their pre-emption rights in relation to the proposed sale by Solo during the prescribed period, and therefore the disposal by Solo of its shareholding in Burj has now completed.


Solo has divested its interest in this non-core asset for a nominal fee of £1, and in doing so has also relinquished any future costs associated with Burj.





For further information:


Solo Oil plc

Alastair Ferguson


+44 (0) 20 7440 0642




Strand Hanson

Nominated & Financial Adviser

Rory Murphy / James Spinney / Ritchie Balmer


+44 (0) 20 7409 3494


Shore Capital


Jerry Keen



Financial PR

Ben Romney / Kelsey Traynor/ James Husband


+44 (0) 20 7408 4090




+44 (0) 20 7466 5000



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Quick facts: Solo Oil PLC

Price: 0.6

Market: AIM
Market Cap: £3.79 m

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