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Solo Oil PLC

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 progress being reported by Solo's investee company Helium One Limited.

Ritson also discusses his intention to step down as chairman before the end of 2018 as part of a board restructuring designed to ready the company for the future.

Ritson, who has been a director of the oil and gas investor since 2010, has offered to stay on as chief executive pending the appointment of a new non-executive chairman and thereafter as a technical advisor, as and when required.

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Price: £0.01

Market: AIM
Market Cap: £8.83 m
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All eyes on Kimmeridge flow rates as Horse Hill testing gets underway

Independent oil & gas analyst Barney Gray gives his views on the announcement that planned flow testing operations at the Horse Hill-1 well have started. UKOG, which is the largest London-listed stakeholder in the project with a 32% interest, said all key equipment necessary to carry...

on 27/6/18

2 min read