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Solo Oil boss Neil Ritson says new drilling can turn Ntorya into a ‘big project’

Solo Oil PLC (LON:SOLO) boss Neil Ritson is excited about what he describes as a long awaiting drill programme in Tanzania, which kicks off with the imminent spudding of the Ntorya-2 appraisal well.

He highlights that much has changed on the surface since the original Ntorya well discovered gas - most notably there’s a new gas pipeline and infrastructure, and with partner Aminex the company has delivered another project into revenue generating production.

“Now is the time to get after the appraisal of the discovery we made in 2012,” he said.

Ritson the first well flowed gas and condensate at respectable rates, but expectations are high for Ntorya-2.

“We’re trying to turn this from a commercial project into a ‘big project’.

“It has already got enough gas from the first well to go into the pipeline system and make us some money, but, we think there’s a lot more to come here.”

 
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