Solo Oil, a natural resources investment company, has negotiated the acquisition of a 10% interest in Helium One Limited for a total consideration of $3.19m.
Solo Oil has completed site preparations for the Ntorya-2 appraisal well. The majority of other well services have also now been contracted. Therefore, Solo estimates that the Ntorya-2 appraisal well will spud in Dec ...
UK’s Solo Oil has informed Aminex plc, the operator of the Tanzanian Kiliwani North Development Licence (KNDL), that it does not intend to exercise its immediate option over a further 1.25% interest in the KNDL.