#ntorya

Solo Oil Won’t Invest More Funds in Tanzania’s Helium One Project

Solo Oil has announced that it will now not exercise the call option with Helium One and has terminated plans to raise funds to complete that transaction.

As a result the oil explorer adds it has decided to withdraw the Notice of General Meeting contained in the Circular to seek Shareholder approval for the authority to allot shares to make the second stage investment into Helium One Limited.

Sol…

Aminex Reports Resource Estimate increase in Tanzania’s Ntorya Appraisal area

Aminex has reported a material increase in its estimate of gas initially in place (GIIP) in the Ntorya appraisal area, Tanzania a component of the Ruvuma PSA operated by Aminex and which has been successfully tested by two gas wells.

Aminex says it now considers that the Ntorya appraisal area has Pmean GIIP of 466 Billion Cubic Feet (BCF), being a three-fold increase over the previous estimate of…

Solo Oil raises £2M to fund Tanzania’s Ntorya 2 well testing

Solo Oil has announced that the company has raised £2,000,000 (before expenses) through a Company sponsored placing.

The net proceeds from the Placing will be used to fund the Company’s share of the imminent well testing programme for the recently drilled Ntorya-2 appraisal in Tanzania and the analysis of future development options for the Ntorya discovery, where Aminex plc is the operator.

“The…

Aminex Discovers Gas In Tanzania’s Ntorya-2 Well

Aminex has announced that the Ntorya-2 appraisal well located at the Ruvuma Production Sharing Agreement has been successfully drilled to a depth of approximately 2,750 metres and encountered a gross gas bearing reservoir unit of approximately 51 metres at 2,596 metres drilling depth.

According to Aminex the preliminary petrophysical analysis of the Logging While Drilling (LWD) logs indicates a…

Aminex increases resource estimate in Tanzania’s Ntorya appraisal area to 2.3Tcf

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Aminex has announced that interpretation of the newly acquired seismic data has extended the potential of the Ntorya appraisal area, and management has further increased its resource estimate to 2.3 TCF (Pmean GIIP) by combining the Ntorya discovery with the adjacent Likonde prospect in its Ruvuma PSC in south-eastern Tanzania.

The new interpretation has shown that an…