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Don't have an account? Click here to register.TPDC to join Solo Oil at Kiliwani North
Mon, 05th Oct 2015 10:36
(ShareCast News) - Solo Oil's stake in the Kiliwani North Development Licence will be pared back slightly as Tanzania Petroleum Development Corporation (TPDC) buys in to the licence.The AIM-listed company announced on Monday that its interest will drop from 6.5% to 6.175% as TPDC looks for a 5% working interest as a fully paying partner.The deal is subject to TPDC paying the existing joint venture partnership a 5% pro-rata share of the development capital spent to date.Solo Oil chairman Neil Ritson said: "Solo is delighted that TPDC have chosen to exercise their back-in rights which will further increase their alignment with the partnership developing Kiliwani North. We continue to anticipate reaching final agreement on the gas sales agreement shortly and gas sales revenues commencing soon after."The company expects the Kiliwani North 1 well will produce up to 30m feet per day of gas, which will provide Solo Oil's first revenues from its investments in Tanzania.At 1208 BST, Solo Oil share were up 4.5% to 0.428p.
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17 Oct 2016 09:16
Horse Hill oil developers apply for further 'significant' drilling
(ShareCast News) - UK Oil & Gas and its partners in the Horse Hill Developments (HHDL) company drilling for oil close to Gatwick Airport, have applied for planning permission with Surrey County Council for a further round of drilling. The HHDL group, in which AIM peers Alba Minerals, Doriemus, Gunsy
Read more23 Sep 2016 14:28
Rig contract signed at Solo Oil investment
(ShareCast News) - Solo Oil has announced that it was informed on Friday, by the Ruvuma Petroleum Sharing Agreement operator Aminex, that a rig contract has now been signed for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The AIM-traded firm said the Carol 2 drilling rig, which i
Read more16 Sep 2016 12:56
Solo Oil raises fresh funds from institutional investor
(ShareCast News) - Solo Oil succeeded in raising £2.0m from an institutional investor. The explorer sold 1,111,111,111 new shares, which were equal to 15.9% of its issued share capital, at a price 0.18p, which were placed with Epsilon Pty. Proceeds from the placing would be used to fund its Ntorya-
Read more21 Jul 2016 15:04
19 Jul 2016 12:02
Horse Hill oil in place estimates almost trebled
(ShareCast News) - The Horse Hill project in Surrey looks like providing a bonanza for the range of AIM-listed companies involved after a near trebling of oil in place estimates to 22.9m barrels per square mile. As announced in March, the final HH-1 test of the upper Portland pay zone flowed at a co
Read more5 Jul 2016 09:08
Horse Hill miners get lift from two year extension
(ShareCast News) - The Oil and Gas Authority has allowed licences at the Horse Hill development in Surrey to continue for another two years, giving a lift to several AIM-listed miners. Solo Oil, Regency Mines and Alba Mineral Resources all said licences PEDL137 and PEDL246 said the OGA had converted
Read more