10 Mar 2010 09:42
10 March 2010
Solo Oil Plc
("Solo" or "the Company")
UPDATE ON LIKONDE-1 WELL - TANZANIA
Solo Oil Plc ("Solo") advises the following update made today by Tullow Oil PLC on the Likonde-1 well in Tanzania.
"Tullow has interests in the onshore Lindi and Mtwara blocks in the frontier Ruvuma Basin in southern Tanzania. Following interpretation of newly reprocessed seismic data, Likonde-1 was selected as the first well to establish the potential of a possible new oil play fairway. The well commenced drilling in January 2010 and a result is expected in late March 2010. Further evaluation planned for 2010 includes reprocessing the seismic dataset and incorporating and interpreting the new drilling results, the outcome of which will influence the forward exploration programme."
Likonde-1partners are Tullow Oil PLC (50% - operator), Aminex (37.5%) and Solo (12.5%).
For further enquiries:
| Solo Oil PLC |
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| David Lenigas/Kiran Morzaria | +44 (0) 20 7016 5100 |
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| Beaumont Cornish - Nominated Adviser |
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| Roland Cornish | +44 (0) 20 7628 3396 |
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Astaire Securities |
+44 (0) 20 7448 4400 |
| Jerry Keen/Toby Gibbs |
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| Rivington Street Corporate Finance | + 44 (0) 20 7562 3351 |
| Dru Edmonstone |
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