Solo Oil Plc Update - Kiliwani North Gas Field, Tanzania (2084F)
February 18 2015 - 3:26AM
UK Regulatory
TIDMSOLO
RNS Number : 2084F
Solo Oil Plc
18 February 2015
18 February 2015
SOLO OIL PLC
("Solo" or the "Company")
Update - Kiliwani North Gas Field, Tanzania
Solo today announces that, further to its update provided on 6
February, the operator of the Kiliwani North Development Lease
("KNDL"), Aminex plc ("Aminex"), have advised the partners that the
pipeline construction from Songo Songo is now complete and
Tanzanian Petroleum Development Corporation ("TPDC"), through its
contractors, is now constructing the Skid Metering Unit within the
boundaries of the KNDL prior to tying-in the Kiliwani North-1
("KN-1") wellhead.
The KNDL joint venture has also been notified by TPDC that
pressure testing of the pipeline is expected to commence shortly
and the final construction of equipment to connect KN-1 is expected
within the same timeframe.The KN-1 well, when connected to the
export pipeline, is expected to produce at least 20 million cubic
feet per day. Gas from KN-1 will be processed at Songo Songo and
then join the pipeline to the Dar es Salaam market.
Solo can also confirm that on final closing of the transaction
to acquire an initial 6.5% interest in the KNDL, which is expected
shortly, it will become party to the KNDL Joint Operating Agreement
and the Gas Sales Agreement which is expected to be signed
shortly.
Neil Ritson, Solo's Chairman, commented:
"As the construction and commissioning of the Dar es Salaam to
Mnazi Bay pipeline nears completion and the final stages of
construction have begun on the Kiliwani North-1 well, we look
forward to first commercial gas production from the field."
Qualified Person's Statement:
The information contained in this announcement has been reviewed
and approved by Neil Ritson, Chairman and Director for Solo Oil Plc
who has over 35 years of relevant experience in the oil industry.
Mr. Ritson is a member of the Society of Petroleum Engineers, an
Active Member of the American Association of Petroleum Geologists
and is a Fellow of the Geological Society of London.
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
Old Park Lane Capital
Plc
Joint Broker
Michael Parnes
Zoe Alexander
Shore Capital
Joint Broker
Pascal Keane
Jerry Keen (Corporate
Broker)
Bell Pottinger +44(0) 20 7493 8188
Public Relations +44 (0) 20 7408 4090
Henry Lerwill +44 (0) 20 3772 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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