Solo Oil Plc Horse Hill - Planning Permission Granted (0089U)
October 18 2017 - 12:58PM
UK Regulatory
TIDMSOLO
RNS Number : 0089U
Solo Oil Plc
18 October 2017
FOR IMMEDIATE RELEASE
18 October 2017
SOLO OIL PLC
("Solo" or the "Company")
Planning Permission Granted for Further Flow Testing and
Drilling
Horse Hill Oil Discovery, Weald Basin, UK
Solo is pleased to note the announcement by UK Oil & Gas
Investments PLC that the Surrey County Council's Planning and
Regulatory Committee granted planning permission to Horse Hill
Developments Limited ("HHDL"), the operator of Horse Hill licences
PEDL 137 and PEDL 246, to enable HHDL to carry out extended flow
tests at Horse Hill-1 ("HH-1"), plus drill and test both a
side-track from the existing HH-1 well and new borehole HH-2. The
committee voted overwhelmingly in favour of HHDL's planning
application.
Along with the Environment Agency's approval last month of all
necessary permits, the Company can now proceed at the earliest
opportunity with its Horse Hill appraisal programme.
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 / Dan Maling +44 (0) 20 7440 0642
Beaumont Cornish Limited
Nominated Adviser and
Joint Broker
Roland Cornish
Rosalind Hill Abrahams +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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