Stellar Resources, Solo Oil and others strike oil near UK's Gatwick Airport
24th Oct 2014 13:49
A string of oil companies have struck oil near Gatwick Airport in southern England. The companies, including Stellar Resources, Solo Oil, Regency Mines, UK Oil & Gas Investments, Alba Mineral Resources and Doriemus, are in a consortium that has found an oil accumulation in the Horse Hill-1 well on t
Read moreSolo Oil acquires 6.7% stake in Kilwani north from Aminex
14th Oct 2014 14:22
Subject to reaching a final agreement, Africa-focused oil explorer Solo Oil has announced that it will purchase 6.7% of the Kilwani north license (KNDL) in Tanzania, from a subsidiary of London-listed Aminex, for a total consideration of $3.5m in cash. From 13 October the firm has a 45-day window du
Read moreSolo Oil, Stellar Resources and Alba Mineral Resources strike oil in UK
6th Oct 2014 08:05
Oil explorers Solo Oil, Alba Mineral Resources and Stellar Resources have struck oil at a site in southern England. The companies said their Horse Hill-1 drilling well encountered Portland Sandstone over the weekend, with oil shows at between 2,100 and 2,400 feet of measured depth. The sandstone dr
Read moreSector movers: Oil stocks down with Brent at 16-month low
9th Sep 2014 14:14
Oil and gas producers were among the heaviest fallers in London on Tuesday after Brent crude dropped to below $100 a barrel the previous session. Royal Dutch Shell was providing a drag on the sector, down 1.6%, while BP lost 0.7% and Tullow fell 0.4% Whilst slightly off the low of $99.36 seen on Mo
Read moreSolo Oil announce government approval for Horse Hill drilling
6th Aug 2014 16:35
The UK government has granted final approval to Horse Hill Developments (HHDL) to proceed with the drilling of the Horse Hill -1 well at Horse Hill in Surrey, Solo Oil announced on Wednesday. The London-listed company is legally bound to own a 10% share in HHDL, which owns a 65% part participating
Read moreHorse Hill Development granted final approval for Weald Basin drilling
6th Aug 2014 13:34
Horse Hill Developments Ltd (HHDL), a joint venture (JV) group developed by several AIM-listed companies, has now been granted final approvals from the UK Environment Agency to go ahead the Horse Hill Prospect in the Weald Basin, Surry. The approvals clear the way for the JV to proceed with the dri
Read moreSector movers: Oil stocks track crude higher on Iraq violence
16th Jun 2014 13:37
Rising crude prices helped lift stocks in the oil sector on Monday, as the ongoing violence in Iraq raised concerns about the knock-on effect on supply. Fighting between the Iraqi army and Sunni Islamist insurgents escalated this weekend after militants from the Islamic State of Iraq and the Levant
Read moreSolo Oil and Aminex complete 2D seismic acquisition
22nd May 2014 10:38
Oil and gas exploration group Solo Oil has completed a 2D seismic programme to appraise the 'up-dip' portion of the Ntorya discovery, in Tanzania. The group announced on March 27th that a programme of 2D seismic was planned in the Ntorya field of the onshore Ruvuma Petroleum Sharing Contract. This
Read moreSolo Oil boosted by developments in farm-out discussions
21st May 2013 09:04
Solo Oil shares moved higher on Tuesday morning after the company clarified that FirstEnergy Capital, which is acting for both Solo and Aminex, continue to actively discuss a farm-out of the Ruvuma production sharing agreement (PSA) and said that currently there are on-going discussions with over fi
Read moreSolo Oil extends farmout bid deadline
29th Jan 2013 11:44
AIM-listed exploration and development company Solo Oil has extended the deadline for receipt of bids for the farm-out of its Ruvuma PSA in Tanzania until March 2013. In a company statement issued today, Neil Ritson, Solo Executive Director, said: "The level of interest has been very significant an
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