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Solo Oil announce government approval for Horse Hill drilling

Wed, 06th Aug 2014 16:35

The UK government has granted final approval to Horse Hill Developments (HHDL) to proceed with the drilling of the Horse Hill -1 well at Horse Hill in Surrey, Solo Oil announced on Wednesday.The London-listed company is legally bound to own a 10% share in HHDL, which owns a 65% part participating interest and operatorship of onshore licence PEDL137 in the UK Weald Basin, while Magellan Petroleum Corporation holds a 35% interest.Civil works on the Horse Hill site, which is situated just three km away from Gatwick airport, began at the beginning of March and the well, designed to test a number of promising gas and oil targets, was expected to be completed by the end of August but adverse weather has delayed construction works."Recent heavy rainfall in the area has delayed the completion of site construction works," said Neil Ritson, Solo's Executive Director."The concrete cellar is on-site and is ready to install once the ground conditions allow. We are therefore looking forward to spudding of this important Horse Hill-1 well shortly."Solo's shares registered a 4.59% increase and were 0.01p at 15:57 on Wednesday.DC
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9 Apr 2015 07:11

Horse Hill Companies Rise On Reports Of Significant Oil Find In Surrey

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8 Apr 2015 13:45

Alba Buys 5% Stake In Horse Hill For GBP290,000 From Regency Mines

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1 Apr 2015 08:10

Solo Oil, Aminex On Cusp Of Commercial Production At Kiliwani North

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18 Mar 2015 15:07

Sector movers: Oil stocks extend gains as Budget confirms North Sea tax breaks

Confirmation by chancellor George Osborne of budgetary measures to ease the pain in the struggling oil industry gave energy producers and services stocks another big lift on Wednesday. The 2015 Budget, the last of the current parliament, revealed new tax allowances worth £1.3bn in total to stimulate

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18 Mar 2015 08:14

UK Oil & Gas leads peers higher on Horse Hill potential

Shares in a number of AIM oil producers rose on Wednesday after an update on the Horse Hill discovery in the UK Weald Basin showed further potential oil pay. Horse Hill Developments Ltd (HHDL), which is part-owned by several UK-listed producers, said that ongoing well analysis of the Horse Hill-1 we

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18 Mar 2015 07:59

Horse Hill Participants Report Further Potential Oil Pay At Prospect

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13 Mar 2015 09:23

UPDATE: UK Oil & Gas Investments Buys Further Horse Hill Stake (ALLISS)

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25 Feb 2015 08:43

Solo Oil And Aminex Get Tanzanian Approval For Kiliwani North Deal

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18 Feb 2015 08:54

Aminex, Solo Oil Say Gas Export Pipeline For Kiliwani North Complete

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6 Feb 2015 07:51

Solo Oil Says Aminex Has Nearly Completed Gas Export Pipeline

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4 Feb 2015 08:26

Solo Oil Raises GBP700,000 In Discounted Share Placing (ALLISS)

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3 Feb 2015 09:01

Aminex, Solo Oil Shares Up As They Confirm Licence Deal In Tanzania

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30 Jan 2015 09:57

Horse Hill License Area Gets Reservoir Expert To Maximise Potential

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18 Dec 2014 08:22

Solo Oil boosted by gas resource upgrade at African project

Solo Oil reported a resource upgrade in a gas field in Africa, boosting its shares by more than a third. Solo said partner Aminex had updated its internal resource estimates in the southern part of the Ruvuma petroleum sharing contract (PSC) area, in which Solo holds a 25% interest, from mean initia

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17 Dec 2014 09:18

Solo Oil and Aminex receive approval for Kiliwani North sale

Oil explorers and producers Aminex and Solo Oil saw share prices rise after the Tanzanian government accepted a proposed deal for Solo to purchase up to a 13% interest in Aminex's Tanzanian Kiliwani North development licence for $7m. Solo plans to purchase a total 13% stake in the licence from Amine

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