viewSolo Oil PLC

Solo Oil welcomes major upgrade to Ntorya gas resources

Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO), discusses with Proactive the findings from the recently completed CPR which reveals a major upgrade to the gas resources at the Ntorya project in Tanzania.

It follows the Ntorya-2 appraisal well success and an assessment of well testing.

Ntorya’s contingent gas resource has now risen to 762.8bn cubic feet of gas, comprising 80.6bn cubic feet of gas that’s described as pending development – to be addressed by the planned initial three well operation.

Two of the three wells have so far been drilled, and the third is due later this year. The gas would be connected to a gas plant located some 33 kilometres away.

Solo Oil holds a 25% interest in the project.

Quick facts: Solo Oil PLC

Price: 1.85 GBX

Market: AIM
Market Cap: £12.73 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Solo Oil PLC named herein, including the promotion by the Company of Solo Oil PLC in any Content on the Site, the Company receives from said...


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...

on 19/7/18

2 min read