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Solo Oil and Aminex complete 2D seismic acquisition

Thu, 22nd May 2014 10:38

Oil and gas exploration group Solo Oil has completed a 2D seismic programme to appraise the 'up-dip' portion of the Ntorya discovery, in Tanzania.The group announced on March 27th that a programme of 2D seismic was planned in the Ntorya field of the onshore Ruvuma Petroleum Sharing Contract.This new seismic data, which totals approximately 180km, will assist in outlining the Ntorya discovery and allow the group and Aminex to optimise future production wells. The data was acquired on time and on budget.Executive Director Neil Ritson said: "Acquisition of the infill seismic data over the Ntorya gas condensate discovery is an important next step in the monetisation process for the discovery. "This is especially timely as the commissioning of the new gas pipeline, currently under construction, to the market in Dar es Salaam will make Ntorya especially valuable. "We look forward to seeing the results of the processing and interpretation as they are concluded."As of 11:43 Solo Oil's share price had risen 2.63% to 0.19.WS

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AIM explorers hail 'significant' oil discovery in Horse Hill, Southern England

Small cap oil exploration firm UK Oil & Gas Investments (UKOG) has made a 'significant' oil discovery in the South of England, said to be the largest onshore find in the country for 30 years. Other companies with interests in the Horse Hill licences, which cover 55 square miles of the Weald Basin, i

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