21st Mar 2013 07:00
For Immediate Release, 7 am
21 March 2013
SOLO OIL PLC
("Solo" or "the Company")
Update, Farm-out in Tanzania
Solo today confirms that FirstEnergy Capital LLP, on behalf of Aminex plc and the Company, are continuing to hold discussions with a number of parties concerning a farm-out of the Company's interests in the Ruvuma PSA in Tanzania. Further announcements will be made in due course.
Participants in the Ruvuma PSA are: Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.
For further information:
Solo Oil plc David Lenigas Neil Ritson | +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 Luca Tenuta
Shore Capital Joint Broker Pascal Keane Jerry Keen (Corporate Broker)
Pelham Bell Pottinger Public Relations Mark Antelme Henry Lerwill | +44(0) 20 7493 8188
+44 (0) 20 7408 4090
+44 (0) 20 7861 3232 |
Related Shares:
SOLO.L