# Solo Oil Plc Operational Update, Tanzania

- Link: https://www.directorstalkinterviews.com/solo-oil-plc-operational-update-tanzania/412757124
- Published: 2018-08-23T07:39:03+01:00
- Author: Giles Arbor

**Solo Oil plc** (LON:SOLO) today notes the announcement made by Aminex plc relating
to operations in Tanzania and as set out below.

The Company holds a 25% beneficial interest in the Ruvuma PSA and 7.55% interest
in Kiliwani North-1.

> **Alastair Ferguson, Solo Oil Plc Chairman, commented:** “We are pleased to see
> operational progress being made by Aminex in operations in Tanzania. The rig tendering
> process is an important step towards the planning and execution of Chikumbi-1,
> a well designed to further unlock the potential resources in the Ruvuma PSA. We
> look forward to further updates from Aminex on Kiliwani North-1 as the well stimulation
> works continue.”

**Aminex plc Operational Update**

**Ruvuma PSA**

The tendering process for a rig to drill Chikumbi-1 (CH-1) is now complete and the
Company has received numerous bids. These bids are being evaluated on their technical
and commercial merits. CH-1 is located updip from both the Ntorya-1 discovery well,
which tested at rates of up to 20 MMcf/d with 139 bbls of condensate, and from the
Ntorya-2 well which tested at a stabilised rate of approximately 17 MMcf/d. The 
well is expected to delineate the Ntorya gas field in a significantly thicker section
of the Cretaceous reservoir system and is also being planned to evaluate a potential
deeper exploration target in the Jurassic formation. If successful, CH-1 is expected
to be produced into the existing Madimba Gas Processing Plant and ultimately integrated
into a full field development programme.

**Kiliwani North-1**

Pressure at the Kiliwani North-1 well has sufficiently built up and the Company 
continues to work with all parties to stimulate the reservoir as soon as possible.

> **Jay Bhattacherjee, Chief Executive Officer of Aminex plc said:** “The Company
> continues to progress the completion of the proposed farm out transaction while
> driving forward operations over its key assets at Ruvuma and Kiliwani North.”

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