Energy Producers
By Frank Prenesti
Date: Monday 08 Jan 2018
LONDON (ShareCast) - (ShareCast News) - Solo Oil said Aminex, the operator of its Ruvuma petroleum sharing contract, was progressing towards drilling a on the Ntorya gas field in Tanzania.
In a statement, Solo said Aminex was actively engaged with the Tanzanian authorities and third party engineering firms on advanced well planning and drilling management plans.
At the producing Kiliwani North gas field, where Aminex is also the operator, Solo said the North-1 well produced an aggregate 95m cubic feet of gas in December, without intervention.
Total gross production from the well in 2017 was 3.6bn cubic feet ("bcf"). In order to maximise recovery from Kiliwani North-1 Aminex and the Tanzania Petroleum Development Corporation are cooperating on the installation of compression facilities, Solo added.
"Aminex has advised that they are currently reprocessing existing seismic data over the Kiliwani North block and the adjoining Nyuni Area acreage close to the Songo Songo Island gas processing plant with the aim of identifying potential new drilling targets which could be brought on stream relatively quickly and would supplement gas production from the existing Kiliwani North-1 well," the company said.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 1.23p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 2.04 |
52 Week Low | 0.72 |
Volume | 1,986,187 |
Shares Issued | 4,219.17m |
Market Cap | £51.68m |
Beta | 0.83 |
RiskGrade | 495 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
16:11 | 100,000 @ 1.22p |
15:09 | 4,289 @ 1.20p |
14:28 | 1,000,000 @ 1.20p |
13:22 | 10,000 @ 1.21p |
13:16 | 69,754 @ 1.22p |
You are here: research