Kiliwani Operations Update

RNS Number : 8930J

Solo Oil Plc

10 December 2018

 

10 December 2018

Solo Oil plc

("Solo Oil" or "The Company") 

Kiliwani Operations Update

Solo Oil (AIM: SOLO), a natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, notes the below update issued by Aminex with regards to operations at Kiliwani North:

"Aminex is pleased to announce that it has successfully carried out remediation work on the sub surface safety valve of its Kiliwani North-1 well and gathered associated pressure and fluid data. During this process, gas was observed at surface. The well is undergoing further testing and analysis."

The Board of Solo looks forward to receiving further updates from the Operator in due course.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information:

Solo Oil plc Dan Maling	[phone]
Strand Hanson Nominated Adviser James Spinney, Ritchie Balmer, Frederick Twist	[phone]
Shore Capital Broker Jerry Keen Buchanan (PR) Ben Romney / Chris Judd / Henry Wilson	[phone] [phone]

Notes to Editors:

Solo Oil plc (Solo), is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. The company seeks to deliver returns through early stage investment in promising projects and uses management's own sector expertise to assist in strategic asset development. Solo's portfolio currently includes extensive interests in the prolific Ruvuma Basin in Tanzania, Helium One Limited, the Tanzanian helium exploration company, and Kiliwani North, a natural gas producing project in Tanzania. 

 

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