LONDON (ShareCast) - Oil and gas exploration group Solo Oil has completed a 2D seismic programme to appraise the ‘up-dip’ portion of the Ntorya discovery, in Tanzania.

The group announced on March 27th that a programme of 2D seismic was planned in the Ntorya field of the onshore Ruvuma Petroleum Sharing Contract.

This new seismic data, which totals approximately 180km, will assist in outlining the Ntorya discovery and allow the group and Aminex to optimise future production wells. The data was acquired on time and on budget.

Executive Director Neil Ritson said: "Acquisition of the infill seismic data over the Ntorya gas condensate discovery is an important next step in the monetisation process for the discovery.

"This is especially timely as the commissioning of the new gas pipeline, currently under construction, to the market in Dar es Salaam will make Ntorya especially valuable.

"We look forward to seeing the results of the processing and interpretation as they are concluded."

As of 11:43 Solo Oil’s share price had risen 2.63% to 0.19.

WS

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