Update, Farmout in Tanzania

RNS Number : 5925W
Solo Oil Plc
29 January 2013
 



For Immediate Release

29 January 2013

SOLO OIL PLC

("Solo")

Update, Farmout in Tanzania

 

 

Solo today announces that due to the considerable level of interest being expressed in the farm-out of its Ruvuma PSA in Tanzania the deadline for the receipt of bids has been extended until March 2013. 

 

Neil Ritson, Solo Executive Director commented:

 

"The level of interest has been very significant and it has not been possible to accommodate all the interested parties in the physical data-room prior to the original bid deadline.  Several companies have asked for the deadline to be extended in order to allow them to complete their evaluation and we have therefore agreed with Aminex and FirstEnergy Capital LLP to accept bids up until early March."

 

Participants in the Ruvuma PSA are; Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%. 

 

For further information:

 

Solo Oil plc

David Lenigas

Neil Ritson

+44 (0) 20 7440 0642



Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

+44 (0) 20 7628 3396



Old Park Lane Capital Plc

Joint Broker

Michael Parnes

Luca Tenuta

 

Shore Capital

Joint Broker

Pascal Keane

Jerry Keen (Corporate Broker)

 

Pelham Bell Pottinger                            

Public Relations

Mark Antelme

Henry Lerwill

+44(0) 20 7493 8188

 

 

 

 

 

 

+44 (0) 20 7408 4090

 

 

 

 

+44 (0) 20 7861 3232                          

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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