The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSOLO.L Share News (SOLO)

  • There is currently no data for SOLO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Horse Hill Participants Say Drilling Continuing Successfully

Wed, 24th Sep 2014 12:17

LONDON (Alliance News) - The resources companies behind the Horse Hill project in the Weald Basin in the UK said Wednesday that drilling operations at the Horse Hill-1 well were continuing successfully.

Doriemus PLC, Alba Mineral Resources PLC, Regency Mines PLC, UK Oil & Gas Investments PLC, Stellar Resources PLC and Solo Oil PLC all said drilling at the site is continuing successfully and said the Marriott 50 rig is drilling ahead at a depth of 116 feet measured depth.

The companies are all stakeholders in Horse Hill Developments Ltd, a special purpose vehicle which owns a 65% participating interest in the Horse Hill licence. UK Oil & Gas Investments owns a 20% stake in the vehicle, with Doriemus, Stellar and Solo all holding 10% stakes and Regency and Alba owning 5% stakes.

Horse Hill-1 is to be drilled to a total depth of 8,680 feet in order to test a number of conventional oil and gas targets on the site.

"Horse Hill Developments Limited has successfully installed the heavy drilling rig and the well is proceeding towards the first conventional oil objectives in the Jurassic. We look forward to updating the market with any significant news as the well progresses," said David Lenigas, Chairman of Stellar Resources.

UK Oil & Gas Investments shares were down 0.7% to 1.515 pence on Wednesday; Doriemus shares were up 0.3% to 0.198 pence; Stellar shares were up 11.5% to 1.115 pence; Solo Oil shares were up 1.4% to 0.999 pence; Regency shares were up 8.2% to 0.46 pence; and Alba shares were up 6.4% to 1.25 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2014 Alliance News Limited. All Rights Reserved.

More News
20 Oct 2020 20:20

IN BRIEF: Solo Oil Investee Helium One Receives Renewal Offer Letters

IN BRIEF: Solo Oil Investee Helium One Receives Renewal Offer Letters

Read more
12 Oct 2020 16:42

IN BRIEF: Aminex's Ndovu Gets Government Approval For Ruvuma Farm-Out

IN BRIEF: Aminex's Ndovu Gets Government Approval For Ruvuma Farm-Out

Read more
6 Oct 2020 17:48

IN BRIEF: Solo Oil Gets Second Tranche Investment From Prolific Basins

IN BRIEF: Solo Oil Gets Second Tranche Investment From Prolific Basins

Read more
30 Sep 2020 18:37

UK EARNINGS SUMMARY: Itaconix 2019 Loss Narrows On Strong Revenue Rise

UK EARNINGS SUMMARY: Itaconix 2019 Loss Narrows On Strong Revenue Rise

Read more
18 Sep 2020 15:45

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
1 Sep 2020 14:22

IN BRIEF: Solo Oil 2019 Loss Narrows; Focused On Tanzania Assets

IN BRIEF: Solo Oil 2019 Loss Narrows; Focused On Tanzania Assets

Read more
8 Jul 2020 16:20

Solo Oil enters deal to sell Ausable Reef assets

(Sharecast News) - Solo Oil updated the market on the disposal of its 28.56% interest in the Ausable Reef gas assets in Ontario, Canada, to Levant Exploration and Production on Wednesday.

Read more
8 Jul 2020 15:19

UK TRADING UPDATE SUMMARY: Medica Expects Interim Revenue Drop

UK TRADING UPDATE SUMMARY: Medica Expects Interim Revenue Drop

Read more
29 Jun 2020 20:59

IN BRIEF: Solo Oil Secures USD5 Million Share Subscription Agreement

IN BRIEF: Solo Oil Secures USD5 Million Share Subscription Agreement

Read more
24 Jun 2020 14:55

IN BRIEF: Solo Oil Granted Delay To 2019 Results Publication

IN BRIEF: Solo Oil Granted Delay To 2019 Results Publication

Read more
27 Apr 2020 13:51

UK TRADING UPDATE SUMMARY: Novacyt Called Upon To Ramp Up UK Testing

UK TRADING UPDATE SUMMARY: Novacyt Called Upon To Ramp Up UK Testing

Read more
10 Mar 2020 15:16

Solo Oil To Contribute Some Costs To ONE-Dyas After Failed Purchase

Solo Oil To Contribute Some Costs To ONE-Dyas After Failed Purchase

Read more
2 Mar 2020 10:37

Solo Oil Shares Plunge As North Sea Deal Collapses; Begins Africa Sale

Solo Oil Shares Plunge As North Sea Deal Collapses; Begins Africa Sale

Read more
4 Feb 2020 16:14

Solo Oil Continues Renegotiation Of Terms On Assets Buy From ONE Dyas

Solo Oil Continues Renegotiation Of Terms On Assets Buy From ONE Dyas

Read more
11 Nov 2019 09:25

Aminex, Solo Oil Agree Budget For Ntorya Gas Field Programme

Aminex, Solo Oil Agree Budget For Ntorya Gas Field Programme

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.