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Aminex and Solo Oil investors need patience, more details expected from Tanzania in mid-March

Published: 01:42 28 Feb 2017 AEDT

onshore well drilling operation
Gas is flowing to surface and testing continues.

There’s some good news for investors in Aminex plc (LON:AEX) and Solo Oil PLC (LON:SOLO), but, a little more patience is needed.

Aminex and Solo Oil this afternoon told investors that flow testing began on the Ntorya-2 appraisal well, in Tanzania, on February 25 and it confirmed that gas is flowing to surface.

Investors will now have to wait until mid-March for details.

“The well will be tested with a variety of flow rates and choke sizes to determine the optimal deliverability of the well for production purposes,” Aminex said in a statement.

“The company now expects to have results of the production testing and petrophysical analysis by mid-March.”

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