Disposal of Burj investment completed
8 October 2019
Solo Oil plc
("Solo" or "the Company")
Disposal of Burj investment completed
Solo Oil (AIM: SOLO), a natural resources investment company focused on acquiring a balanced portfolio of production, development and exploration assets, announces that further to its announcement on 10 September 2019 regarding the Company's exit of its 20% investment in Burj Petroleum Africa Limited ("Burj"), no other shareholders in Burj have exercised their pre-emption rights in relation to the proposed sale by Solo during the prescribed period, and therefore the disposal by Solo of its shareholding in Burj has now completed.
Solo has divested its interest in this non-core asset for a nominal fee of £1, and in doing so has also relinquished any future costs associated with Burj.
For further information:
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Solo Oil plc Alastair Ferguson
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+44 (0) 20 7440 0642 |
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Strand Hanson Nominated & Financial Adviser Rory Murphy / James Spinney / Ritchie Balmer |
+44 (0) 20 7409 3494 |
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Shore Capital Broker Jerry Keen
Buchanan Financial PR Ben Romney / Kelsey Traynor/ James Husband |
+44 (0) 20 7408 4090
+44 (0) 20 7466 5000 |
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