Solo Oil Plc Approvals Horse Hill-1 Extended Testing (1698Q)
September 08 2017 - 2:00AM
UK Regulatory
TIDMSOLO
RNS Number : 1698Q
Solo Oil Plc
08 September 2017
FOR IMMEDIATE RELEASE; Embargoed until 7 am
8 September 2017
SOLO OIL PLC
("Solo" or the "Company")
Approvals Horse Hill-1 Extended Testing
Solo is pleased to report that the Environment Agency has
granted the necessary permits to Horse Hill Developments Limited
("HHDL"), the operator of Horse Hill licences PEDL 137 and PEDL
246, to enable HHDL to carry out extended well tests, drill a
side-track well from the existing Horse Hill-1 well ("HH-1") and
drill and test a new borehole at the HH-1 site.
As previously advised, a planning application in relation to
these proposed activities has also been submitted to Surrey County
Council ("SCC"). We have been informed by HHDL that SCC has
confirmed that the planning application is now scheduled to be
determined at October's meeting of its planning committee. Members
of the planning committee completed a scheduled visit to the Horse
Hill site yesterday, 7 September, in preparation for the October
meeting.
Solo owns 10% of HHDL, which owns 65% of the Horse Hill
Petroleum Licences containing the HH-1 oil discovery, and therefore
a 6.5% interest in the licences, well and the discovery.
For further information:
Solo Oil plc
Neil Ritson / Fergus
Jenkins +44 (0) 20 7440 0642
Beaumont Cornish Limited
Nominated Adviser and
Joint Broker
Roland Cornish +44 (0) 20 7628 3396
Shore Capital
Joint Broker
Jerry Keen
Beaufort Securities
Joint Broker
Jon Belliss
Buchanan (PR) +44 (0) 20 7408 4090
Ben Romney / Chris +44 (0) 20 7382 8300
Judd / Henry Wilson +44 (0) 20 7466 5000
Notes to Editors:
Solo Oil plc (Solo), is a natural resources investment company
with a diverse portfolio of onshore assets, principally in Europe
and Africa. The company seeks to deliver returns through early
stage investment in promising projects and uses management's own
sector expertise to assist in strategic asset development. Solo's
portfolio currently includes extensive interests in the prolific
Ruvuma Basin in Tanzania, the Horse Hill oil discovery in the Weald
Basin, Helium One Limited, the Tanzanian helium exploration
company, and Kiliwani North, a natural gas producing project in
Tanzania.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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