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Aminex's Ntorya-2 appraisal well result is "major step forward", says Graham Wood

Published: 23:44 06 Feb 2017 AEDT

Malcolm Graham Wood, oil and gas expert, mulls over the news from Aminex plc (LON:AEX) and Solo Oil PLC (LON:SOLO) on the Ntorya-2 appraisal well in Tanzania, which he says is a "major step forward".
Ntorya-2 was sunk to 2,750 metres and hit 51 metres of gross gas bearing reservoir, with net pay interpreted to be between 25 and 30 metres.
"I think this is a major step forward to a decent gas field being discovered ," said Wood, who added that the result looked "quite a bit better than the first well".
"I think this is  a fair bit better than they were expecting," he added.

Solo Oil's Neil Ritson on Horse Hill, Ruvuma and plans to refresh the team

Neil Ritson, chairman of Solo Oil PLC (LON:SOLO), discusses with Proactive's Andrew Scott the first batch of production testing results from Horse Hill,  the decision by their partner at Ntorya, Aminex plc (LON:AEX) to farm-out two-thirds of its 75% interest in the project and the continued...

on 19/7/18