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Solo Oil could go So high ! (SOLO)     

skyhigh - 19 Oct 2009 08:28

Chart.aspx?Provider=EODIntra&Code=SOLO&SChart.aspx?Provider=Intra&Code=SOLO&Size


From the Financial Times this weekend

Solo Oil , which is chaired by David Lenigas, rose 15.4 per cent to 0.75p on talk it was close to announcing its first deal.

I'm on board this morning..good story developing here (imho) ... onwards and upwards... anyone else in ?

poo bear - 15 Feb 2012 07:05 - 247 of 429

We have gas!!!!!!!

NTORYA-1 DRILLING UPDATE





Aminex PLC ('Aminex' or the 'Company'), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces a further operational update on drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania.



On the 10 February 2012 it was announced that the well would be deepened to test an additional target identified on the seismic data at a depth of approximately 2,750 metres. The well has now been drilled to 2,750 metres, and prior to reaching that depth encountered strong gas shows in a good quality reservoir sand at a depth of approximately 2,660 metres. A logging programme will commence shortly to evaluate the new section drilled below 2,500 metres and a further update will be provided after the logging programme has been completed.



The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 14 kilometres to the north.



Participants in the deepening of the well below 2,500 metres are:



Ndovu Resources Ltd (Aminex) 75% (operator)

Solo Oil plc 25%

skinny - 15 Feb 2012 07:11 - 248 of 429

superfluous!

mnamreh - 15 Feb 2012 07:19 - 249 of 429

.

skinny - 16 Feb 2012 07:07 - 250 of 429

Operational Update, Canada

Reef's announcement, to the Toronto exchange, reads:

February 15, 2012 - Calgary, Alberta - Reef Resources Ltd. ("Reef" or the "Company") reports that substantial further progress has been made on a number of field activities associated with the ongoing development of the Ausable Gas Recycling and Enhanced Oil Recovery (EOR) project.

· The recent cold weather in Ontario has improved conditions for completing the pipeline between the existing South Airport gas well and the Ausable process facility. Once the pipeline welding is completed the required road bores will be conducted.
· The reversal of the Union Gas meter, which will allow the Company to purchase natural gas for re-injection in the Ausable reef, is tentatively scheduled for February 27th. Piping modifications at the facility will commence once the gas flow is reversed. This will allow initiation of the gas re-injection scheme. Additionally, gas and gas liquids from South Airport will also be used for re-injection once the pipeline is completed and commissioned.
· The workover program for installation of a production packer in Ausable #1 well is being initiated to coincide with the planned meter reversal. This will isolate the top set of three perforations and will allow for planned gas reinjection into the uppermost section of the Ausable reef.
· A larger inlet separator has been sourced in Alberta and following minor upgrades will be shipped to Ontario. The larger separator is designed to handle higher oil, water and natural gas volumes associated with the venturi pumping system. Facility upgrades associated with the larger separator will accommodate production from all the Ausable and Airport wells.
· The new high pressure surface venturi pump skid design is completed and the Company is currently sourcing qualified fabricators for skid packaging. The new pump package will accommodate all current and future planned wells.
· After commissioning trials on the Ausable #5 venturi pump, a down-hole valve requires replacement. A service rig is required in order to retrieve and re-run the down-hole assembly and it is hoped this work can be undertaken in the next 10 days. Oil production from Ausable #5 and Ausable #1 is being hampered by the formation of waxes at the pump inlet level approximately 560 metres below surface. This is due to abnormally low reservoir temperatures and further hampered by low ambient temperatures. A gas-fired line heater will be installed to heat high pressure water to service the venturi pumps on all wells. This will increase pump inlet temperatures at the bottom of the well which in turn will mitigate any wax build up at the venturi pump and in the tubulars.
· The North Airport well is proceeding as planned and is currently at 194 metres. Cementing of the surface casing is anticipated within the next 10 days.

Arnie Hansen, Reef President commented: "All the components for initiating the EOR program are coming together and we can now look forward to realizing the production benefits once all the current projects are commissioned and on stream. The Company is hopeful that with the EOR scheme fully implemented it can hit its target of 200 boed by mid-year and exit 2012 with net production of up to 500 boed. "

Neil Ritson, Solo Executive Director, commented;

"Reef has maintained momentum on all fronts despite difficult weather conditions. The need to install heaters on the venturi jet pumps was not originally foreseen and has so far prevented final commissioning of the Ausable #5 pump during the winter. The arrival of injection gas at the plant will significantly increase production potential. Solo shares Reef's confidence that production will reach 500 boed by end of 2012."

skinny - 27 Feb 2012 07:11 - 251 of 429

Drilling Report.

DISCOVERY IN TANZANIA EXTENDS RUVUMA GAS PLAY ONSHORE


Solo Oil plc today announces a gas discovery at the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania where the Company holds a 25% interest.

Further to the announcement on 15 February 2012 which reported strong gas shows in a good quality Cretaceous reservoir sandstone at a depth of 2,660 metres, open hole electric logs have now been acquired over the zone of interest and to total depth at 2,750 metres. Evaluation of the electric logs has confirmed the presence of reservoired gas.

The electric logs show a gross sand interval of 25 metres from 2,660 to 2,685 metres with a 3 metre net gas bearing pay zone at the top of the interval with porosities of 20%. A further 16.5 metre lower sandstone interval contains additional probable gas pay.

The presence of gas bearing reservoir sandstones in the Ntorya-1 well confirms the potential for additional prospectivity in the thick Mesozoic sandstones that were encountered in the Likonde-1 well, drilled in 2010, approximately 14 kilometres to the north.

A 7 inch liner will now be run to total depth and the well will then be deepened by a further 250 metres to investigate a prominent seismic event estimated to lie at 3,000 metres. Since oil shows were previously encountered in Likonde-1, this deeper target has the potential to represent additional pay with liquid hydrocarbons.

After Ntorya-1 has been deepened it will be suspended for flow testing at a later date once suitable equipment can be mobilsed.

Solo Executive Director, Neil Ritson, commented:

"With the recent high profile offshore exploration successes in the Ruvuma Basin we are delighted to have been able to extend the proven gas fairway onshore in Tanzania. There is immense potential to pursue additional opportunities within the Ruvuma PSA and the probable construction of gas infrastructure at the coast, just 25 kilometres away, makes commercial development very likely."

skinny - 02 Mar 2012 07:13 - 252 of 429

mmediate Release, Embargoed 7 am

2 March 2012

SOLO OIL PLC

('Solo' or 'the Company')

Solo Oil appoints Old Park Lane Capital Plc as Joint Broker

Solo Oil Plc is pleased to announce the appointment of Old Park Lane Capital PLC ("OPL") as joint broker to the Company with immediate effect.

Neil Ritson, Executive Director of Solo, commented:

"We are delighted to have OPL on board as joint broker and look forward to working closely together as we continue to develop our portfolio of oil and gas assets in Africa and the Americas."

skinny - 30 Mar 2012 07:24 - 253 of 429

Unaudited Interim Results.

skinny - 02 Apr 2012 19:41 - 254 of 429

Solo confirms drilling resumption in southern Tanzania

Solo has confirmed that drilling has resumed at the Ntorya-1 discovery well in the Ruvuma Basin onshore in southern Tanzania.

Solo and field operator Aminex reported on 27 February that a gas discovery had been made in a 25 metre gross Cretaceous sand interval between 2,660 metres and 2,685 metres where a three-metre net gas bearing pay zone in sandstones having 20% porosity at the top and a 16.5 metre thick lower sandstone interval with further possible gas pay had been logged.

skinny - 03 Apr 2012 07:05 - 255 of 429

RNS Number : 6623A

Solo Oil Plc

03 April 2012

For Immediate Release, 7 am

3 April 2012

SOLO OIL PLC

("Solo")

Drilling Update, Canada

Solo today announces a further update on activities in South Western Ontario, Canada operated by its Joint Venture partner Reef Resources Limited ("Reef").

Reef's announcement, to the Toronto exchange, reads:

April 2, 2012 - Calgary, Alberta - Reef Resources Ltd. (REE - TSX.V) ("Reef" or the "Company") reports that drilling of its North Airport well reached total depth of 608 metres on March 29. Open-hole electric logging has been successfully conducted. Logs indicate potential for natural gas in the shallow A2 zone as well as indications of hydrocarbon in the Guelph. Petrophysical analysis will be initiated immediately to better determine both net pay and production potential, and details of the petrophysical study will be released when complete.

Subject to final results of the North Airport well, gas and any gas liquids will be used to further enhance the gas recycle and EOR program at the Ausable reef. The well will be connected via pipeline to the standing Airport South natural gas/liquids well currently being tied into the Ausable process facility.

Neil Ritson, Solo Executive Director, commented;

"Success at the Airport North #1 well will provide additional gas reserves to support the Ausable EOR scheme where gas from Airport South and utility gas from the Union Gas pipeline are already being tied in. Ultimate recovery at Ausable depends on pressure maintenance and gas recycling so the availability of further gas sources will be extremely good news."

skinny - 05 Apr 2012 07:10 - 256 of 429

Solo Oil plc
('Solo' or 'the Company')


Investment in Argentina

Solo Oil plc today announces that discussions regarding the Heads of Agreement ("HOA") with Obtala Resources Limited ("Obtala") to acquire Ilakon Limited, a wholly owned Obtala subsidiary, which holds the beneficial rights to the Mina El Carmen block in Argentina, have been terminated by mutual agreement.

The HOA announced in December 2011 anticipated completion in late January 2012, however, the parties have now concluded that administrative delays in due diligence preclude timely completion and have agreed to terminate the HOA.

Solo, in line with its investment strategy to acquire a diverse portfolio of direct and indirect interests in exploration, development and production, continues to actively review investment opportunities, but is currently focussed on Tanzania as a result of the recent discovery in its Ntorya-1 well in the Ruvuma PSA.

skinny - 11 Apr 2012 15:10 - 257 of 429

Ntorya-1 well 'very exciting', says Solo

Yes - I'm sure they do!

Solo Oil believes it is on the edge of something very exciting at the Ntorya-1 discovery well in the Ruvuma Basin onshore in southern Tanzania.

mnamreh - 11 Apr 2012 15:16 - 258 of 429

.

skinny - 11 Apr 2012 15:20 - 259 of 429

Yes - very farcical! ( Or so I believe) :-)

mnamreh - 11 Apr 2012 15:25 - 260 of 429

.

skinny - 12 Apr 2012 07:12 - 261 of 429

Ausable EOR Project Update, Canada

poo bear - 12 Apr 2012 07:25 - 262 of 429

Well, "I always knew this was about Canada!!!"

Or some things may surprise me more like the truth, I had not even looked at that part of their portfolio.

skinny - 27 Apr 2012 13:07 - 263 of 429

For Immediate Release
27 April 2012
SOLO OIL PLC
("Solo" or the "Company")
Director's Dealings
The Board of Solo was informed today that Neil Ritson, Director, has purchased yesterday a total of 4,000,000 ordinary shares of 0.01p each in the Company at an average price of 0.54p per share. This purchase takes Mr Ritson's total holding to 21,000,000 ordinary shares, representing 0.82% of the Company's total issued share capital.

In addition, Mr Ritson holds 40 million options to subscribe for ordinary shares in the Company at an exercise price of 0.5 pence per share that expire on 21 December 2012.

skinny - 30 Apr 2012 07:13 - 264 of 429

Ntorya-1 Update, Tanzania


Solo today announces the completion of drilling operations and an update on plans for testing the gas discovery made in the Ntorya-1 well in the Ruvuma Basin onshore in southern Tanzania.

The Caroil-6 rig has now been released from the Ntorya-1 well and will be demobilised to make way for the wireline testing equipment that has been mobilised and is due to arrive at the site within the next 30 days. A production string has been run in the well and a Christmas tree installed in preparation for the planned test sequence.

On the 27th February 2012, Solo and Aminex reported that a gas discovery had been made in a 25 metre (80 foot) gross Cretaceous sandstone interval between 2,660 metres and 2,685 metres. This interval will now be tested with a view to establishing the level of production that can be obtained. Results of the testing will be announced once available.

Aminex and Solo have also commissioned new geological and seismic studies to establish the extent of the Ntorya discovery and to locate further prospects in the Ruvuma Production Sharing Agreement (PSA) where Solo plans to invite offers from potential partners to participate in the next round of exploration, commencing with the acquisition of additional seismic data later in 2012.

Solo holds a 25% interest in the discovery and the Ruvuma PSA.

Neil Ritson, Solo Executive Director, commented;

"This discovery is ideally located just 20 kilometres from Mtwara where there is an existing gas to power facility and where there are plans to install additional gas facilities and pipelines to commercialise the reported 70 tcf of gas already discovered in the Ruvuma Basin. Having low cost gas onshore close to Mtwara is a significant advantage and we hope to capitalise on that jointly with Aminex. We also look forward to further exploration in this highly prospective area. "


Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Solo Oil Plc who has 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.

skinny - 18 Jun 2012 07:23 - 265 of 429

Drilling Report.

Ausable EOR Project Update, Canada

Solo today announces a further update on activities in South Western Ontario, Canada operated by its Joint Venture partner Reef Resources Limited ("Reef").

Reef's announcement, to the Toronto exchange, reads:

Reef is pleased to report that the completions conducted on South Airport #1, North Airport #1 and the workover of Ausable #4 have been successfully completed. Swabbing has been initiated on South Airport #1 and flow test results will be reported when a stabilized flow rate has been established. The North Airport #1 multi-stage stimulation treatment was finalized on June 14, swabbing and flow results to be reported as they become available. A workover on Ausable #4 was conducted to breakdown wellbore emulsions. The chemical squeeze was successful and flow rates will be established once a venturi pump is installed and in operation.

Based on experience gained over recent months a facility upgrade has commenced with the planned installation of a high volume water/oil/gas separator, water filtration system for the venturi pumps, water line heater to mitigate potential wellbore waxing issues and the necessary piping, electrical and control modifications.

Additionally, the 5 kilometre South Airport pipeline to the Ausable facility is now complete and will be commissioned once the South Airport well is ready for production. The infield Ausable well pipeline tie-ins are also complete and will be commissioned along with the upgraded Ausable facility. Once the facilities upgrade is in full operation wells Ausable #1, #2, #4 and #5 will be placed on oil and gas liquids production. The produced gas and gas liquids from South Airport #1 will be used for gas re-injection and recycling.

It is not currently intended to establish stabilised oil flow rates from the Ausable field wells until the additional facilities have been commissioned. In the interim, gas from Union Gas continues to be injected into the field to provide voidage replacement and pressure enhancement of the Ausable reef as part of the long-term enhanced oil recovery program. To date 24.7 mmcf of gas has been injected in the Ausable field resulting in positive pressure increases in the outlying wells. Dry natural gas from Union gas along with produced gas from the Airport wells, once on stream, will continue to be injected with real time pressure monitoring conducted across the entire reef. Real time pressure monitoring along with production history from all wells will ultimately determine optimum well placement and recovery factors.

Neil Ritson, Solo Executive Director, commented;

"Reef continues to make steady progress towards having all the Ausable and Airport wells on stream and the Ausable enhanced oil production and gas cycling scheme fully commissioned. The hoped for production from the main Ausable oil production wells, including Ausable #5, has been deferred by several weeks, however, it is clear that all the commissioning issues are with surface equipment and that the wells will meet previously anticipated performance expectations. We believe that Reef can now complete the final facilities modifications quickly and that stable production can be initiated shortly. "

skyhigh - 21 Jun 2012 19:59 - 266 of 429

Bought some more on the back of the below announcement released today....



Ntorya-1 well test set to start, says Solo
StockMarketWire.com
Solo Oil has confirmed testing is set to start to establish the level of production that can be obtained from the Ntorya-1 well in the Ruvuma Basin onshore in southern Tanzania.

The testing equipment has been set up on site and the upper 3.5 metres of net pay sand has been perforated.

After an initial clean-up flow, during which gas was flowed to surface in order to clean the well, the well has been shut-in to install pressure gauges.

The main flow test is expected to start tomorrow (22 June) and to take approximately four days to complete.

Results will be announced following completion of the flow test.

Solo Oil has a 25% interest with the balance held by operator Ndovu Resources Ltd (Aminex).

Solo executive director Neil Ritson said: "The testing of the Ntorya-1 well is vindication of the strategic decision taken by Solo in 2009 to farm-in to the Ruvuma PSA.

"The testing follows Solo's participation in the Likonde-1 well, which proved the presence of both reservoir and hydrocarbons, and the Ntorya-1 discovery.

"We have also increased our participation from 12.5% to 25% in the Ruvuma PSA at a time when major discoveries have been made in adjacent areas."

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