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 |
+44 (0) 20 7440 0642 |
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Strand Hanson Nominated Adviser James Spinney, Ritchie Balmer, Frederick Twist |
+44 (0) 20 7409 3494 |
Shore Capital Broker Jerry Keen
Buchanan (PR) Ben Romney / Chris Judd / Henry Wilson |
+44 (0) 20 7408 4090
+44 (0) 20 7466 5000 |
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.