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 ?

Tanzania Test Results

Ntorya-1 flows 20 million cubic feet per day of gas and liquids


Solo today announces significant results from the flow testing of the Ntorya-1 well at its discovery in the Ruvuma Basin onshore in southern Tanzania.

The well flowed gas at a measured rate of 20.1 million cubic feet per day (equivalent to 3,350 barrels of oil per day) through a 1" choke, with an estimated additional 140 barrels per day of 48 degrees API condensate. Original reservoir pressure was indicated at 5,424 psi and only small quantities of formation water were produced.

The uppermost 3.5 metres of the gross 25 metre (80 feet) sand interval was perforated and the well was flowed on several choke sizes from 16/64ths to 64/64ths of an inch over extended intervals during the last four days with corresponding shut-in periods to acquire pressure build-up data. Samples were also taken for further analysis which with the pressure data will assist in designing a future development programme.

The successful testing will now be followed by a programme of seismic acquisition later in the year in order to gain a fuller understanding of the size of this discovery and to identify further drilling targets. An independent reserves report on the Ruvuma PSA, commissioned in April following the discovery, is nearing completion and the findings of that report will be issued shortly.

Participants in the Ruvuma PSA are: Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.

Good news! shame the SP hasn't taken off...market down today as well.....but all in all it bodes well for the future

Ready for the rise, the volume is there 53M

Steady rise this afternoon as volume goes to 90M

one to watch but now at top

Production Update

Solo today announces that full-scale oil production has commenced at the Ausable Field in South Western Ontario, Canada, operated by Solo's Joint Venture partner, Reef Resources Limited ("Reef"). Reef has reported that the field has been on production since the 13 July 2012.

Two of the four wells at the Ausable Oil Field (Ausable #1 and Ausable #5) have now been put on line and total liquids potential of 275 barrel oil equivalent per day (boepd) gross has been computed based on the current gas cycling rate of 236 thousand cubic feet per day (mcfd). The initial two wells production rate averaged 13 boepd although this is now being rapidly scaled up as gas cycling rates are increased.

These initial two wells and the surface facilities have now been fully configured for long-term production. Wells Ausable #2 and Ausable #4 will additionally be placed on production and will add substantially to current daily production. Reef anticipate increasing the gas cycle rate about 20-fold to 5,000 mcfd progressively over the next 4 to 6 months and project that liquids production from the four well scheme will then rise to approximately 700 boepd (gross).

Gas has been injected into the reservoir purchased from a local gas utility and will shortly be supplemented with gas from the North and South Airport wells, both drilled by Reef. The cycling of gas provides both pressure support to the reservoir and additional liquids production. Since March 2012, about 50 million standard cubic feet of dry gas have been injected into the reservoir, which represents approximately 10 per cent of the intended volume. As gas injection continues in the coming months, both oil and condensate production volumes will increase.

The recently completed facilities upgrade has successfully addressed all major issues arising from the installation of venturi pumps in the wells and has incorporated the modifications needed for sustainable long-term gas cycling.

The upgrade was a vital component in the optimisation of Reef's EOR program, which is already delivering results. Reef is currently reviewing the final phase of the facilities project, in which the addition of refrigeration will allow the capture of additional natural gas liquids from the production stream. Reef is now well placed to increase production at Ausable and start rolling out its fully configured EOR process across its portfolio of nearby oil projects.

LGO currently holds a 28.56% interest in the project and an option to increase that to 38.1% in return for further investments of CDN$ 1 million. Based on projected production rates the project is expected to generate positive cashflow to its owners by late 2012.

Solo is looking an interesting play now IMVHO, i think even if they hit half the
projected BOPD in Canada this will shoot very quickly past 1p again. And also
their stake in the Rumava basin in Tanzania now looks a very shrewd move by
the company.....we could easily see this SP double or treble very quickly once
the next updates come ( due in sept ) . Well worth a punt at near year lows.

Last RNS has some clues the next update could be rather positive .

http://www.investegate.co.uk/Article.aspx?id=201208280700208192K

Solo Oil are at the Oil Barrel conference this week, it looks to me like they are
timing the CANADA update with this.

Strong buy under 0.40p imvho

jazz T

Incase you not seen it here is details of the Oil Barrel conference on thursday
and the other companies presenting.

Like you i think they will update on canada

http://oilbarrel.com/pub/articles/article_id-38

thanks glen,i was searching for info on the oil barrel conference this morning
and also found this on stockopedia ( see below )

http://www.stockopedia.co.uk/content/solo-oil-plc-oil-barrel-conference-13th-september-68006/

Solo Oil Plc - Oil Barrel Conference 13th September

Tuesday, Sep 11 2012

Solo Oil will be presenting at the 54th Oilbarrel Conference - Thursday 13th September 2012 , among other companies presenting are Petroceltic International and Simba Energy. Details of venue and times can be found here - http://oilbarrel.com/pub/articles/article_id-38

Solo look to be entering a potentially very interesting period with major developments ongoing at both its key assets. In Canada via its investment in Tsx listed Reef Resources and in Tanzania via its Production Sharing Agreement ( PSA ) with london listed Aminex.

Solo,s last production updates holds more than a fair few clues that solid progress is being made in Canada and also at the ruvuma basin in Tanzania. For example in Canada the company and its partner have been carefully preparing the ground and are now commencing full scale production in Ontario, solo,s boss has recently said they are ontrack for 500 boepd production by end of 2012 *

From last official update via RNS: ( Ontario Canada )

28 August 2012

Solo today announces that full-scale oil production has commenced at the Ausable Field in South Western Ontario, Canada, operated by Solo's Joint Venture partner, Reef Resources Limited ("Reef"). Reef has reported that the field has been on production since the 13 July 2012.

Two of the four wells at the Ausable Oil Field (Ausable #1 and Ausable #5) have now been put on line and total liquids potential of 275 barrel oil equivalent per day (boepd) gross has been computed based on the current gas cycling rate of 236 thousand cubic feet per day (mcfd). The initial two wells production rate averaged 13 boepd although this is now being rapidly scaled up as gas cycling rates are increased.

These initial two wells and the surface facilities have now been fully configured for long-term production. Wells Ausable #2 and Ausable #4 will additionally be placed on production and will add substantially to current daily production. Reef anticipate increasing the gas cycle rate about 20-fold to 5,000 mcfd progressively over the next 4 to 6 months and project that liquids production from the four well scheme will then rise to approximately 700 boepd (gross).

Gas has been injected into the reservoir purchased from a local gas utility and will shortly be supplemented with gas from the North and South Airport wells, both drilled by Reef. The cycling of gas provides both pressure support to the reservoir and additional liquids production. Since March 2012, about 50 million standard cubic feet of dry gas have been injected into the reservoir, which represents approximately 10 per cent of the intended volume. As gas injection continues in the coming months, both oil and condensate production volumes will increase.

The recently completed facilities upgrade has successfully addressed all major issues arising from the installation of venturi pumps in the wells and has incorporated the modifications needed for sustainable long-term gas cycling.

The upgrade was a vital component in the optimisation of Reef's EOR program, which is already delivering results. Reef is currently reviewing the final phase of the facilities project, in which the addition of refrigeration will allow the capture of additional natural gas liquids from the production stream. Reef is now well placed to increase production at Ausable and start rolling out its fully configured EOR process across its portfolio of nearby oil projects.

Solo currently holds a 28.56% interest in the project and an option to increase that to 38.1% in return for further investments of CDN$ 1 million. Based on projected production rates the project is expected to generate positive cashflow to its owners by late 2012.



Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."



Last Tanzania update :

Highlights

· Mean unrisked GIIP within identified leads, prospects and discoveries of 5.75 tcf

· A total 1.17 tcf mean unrisked GIIP at Ntorya of which 178 billion cubic feet (bcf) is discovered

· A large lead up-dip of Ntorya is seen to have a mean 2.62 tcf unrisked GIIP potential

· ISIS also recognises significant, but so far unquantified, oil potential in the Karoo Formation

For full details Follow Link -

http://www.investegate.co.uk/article.aspx?id=201207020700115868G

GOOD FIND JAZZ,some strange things going on here this morning - i bought
3.1m shares this morning at 08.55am @ 0.32p and it was published as being
0.302p ??

Makes me think the mm,s are trying to keep this under wraps while a buyer is
being helped to stakebuild.

this looks like its preparing for a breakout guys

There have been a number of chunky buys last few days and i have a hunch
someone is "in the know" on canada. The oil barrel will be interesting on thursday

glen im sure that a big buyer is active here at moment and the mm,s are helping
them.Things are defo getting interesting and some good action coming IMO

Some good buying pressure now starting ahead of OB conference tomorrow and
more of those chunky regular trades popping up - same buyer ?

Jazz,26m traded in first few hours today ,worth another look at the Ceo,s recent
comments on canada.

Neil Ritson, Solo Executive Director, commented:

"We are delighted that, after the recent comprehensive facilities upgrade, the Ausable Field is now entering full-scale operation. As additional wells are hooked up to the new facilities and gas recycling rates are increased we remain confident that our previous estimate of a gross 500 boepd remains achievable by end 2012. The addition of refrigeration facilities and the use of equity gas from the Airport wells will further enhance the economics of the project, which now offers substantial benefits to Solo and its shareholders."

Starting to prepare for a breakout now glen

Jazz im on the blackberry in the car,whats live price mate ?

Glen live price is 0.33p - 0.34p and possibly about to tick up again

0.33-0.34
slight rise, 41.4m traded.

Many small buys, & volume is higher than daily average and we have over 3 hours left.

ahoj they are presenting at Oil Barrel tomorrow and could well put an update out
if they unveiling price sensitive info. Good luck