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 ?

Jazz cheers for posting the video,an interesting period for solo approaching :-)

You may find this article of interest on tanzania

http://www.energy-pedia.com/news/tanzania/new-151715

Solo Terminates Equity Line Facility

Solo today announces that it has mutually agreed to terminate the three year £10 million Equity Line Facility with Dutchess Opportunity Cayman Fund Ltd ("Dutchess") as the Company now believes that this type of facility no longer fits with the Company's forward funding plans.

The Company has worked effectively with Dutchess over the past year with this facility and it achieved the objectives of funding its obligations to drill, complete and test the exciting Ntorya 1 gas and condensate discovery in Tanzania. Solo no longer sees it necessary to utilise this facility going forward and has terminated the Dutchess facility at no cost to either party.

Solo has announced that it has entered into a Vendor Collaboration Agreement with Aminex plc ("Aminex"), which has engaged FirstEnergy Capital LLP ("FirstEnergy") to manage the farm-out of up to 50% of the two companies' respective working interests in the Ruvuma PSA in Tanzania.

All sounds very encouraging!

Cool!..breaking even..at last!

Announcement by Joint Venture Partner

Solo notes that the following announcement was made by its joint venture partner Reef Resources Limited this morning.

The Company was not aware that this announcement was going to be released this morning but intends to review its content and comment shortly.

"REEF RESOURCES ANNOUNCES 85% INCREASE IN P2 RESERVES,
98% INCREASE IN NPV (BTAX10) AND 7.8 MILLION BARRELS OF PETROLEUM INITIALLY IN PLACE.

A bit of life here this afternoon.

yep, looking better

Well done all. :-))

Annual Financial Report

The most significant highlights for the year to 30 June 2012 were:

• Discovery of gas in the Ntorya-1 well in Tanzania
• Increasing Solo's participating interest in the Ruvuma PSA to 25%
• Successful testing of Ntorya-1 at 20.1 mmscfd and 139 bpd of condensate through a 1" choke
• Discovery of gas at the Airport North #1 well adjacent to the Ausable Field in Ontario
• Commencement of gas injection into the Ausable reef to provide long-term pressure support

Farm-out Update, Ruvuma Basin, Tanzania

Solo Oil today announces that First Energy Capital LLP ("First Energy") have commenced marketing the farm-out of the Company's oil and gas assets in the Ruvuma Basin in Tanzania in collaboration with Aminex plc.

Expressions of interest from potential partners to acquire up to 50% interest in the licences by funding a disproportionate share of the planned forward work program and paying a pro-rata share of past expenditures are being called for by February 2013.

Progress with Farmout in Tanzania

Solo today announces that interest in the farmout of its Ruvuma PSA in Tanzania has been significant and a call for bids is still expected to be made in February. The farmout is being managed on Solo's behalf by joint venture partner, and PSA operator, Aminex plc, with advisors from FirstEnergy Capital LLP.
Further to the announcements made on the 8th October and the 22nd November the Company now confirms that there has been substantial interest in the farmout from companies including both multi-nationals and NOCs.
The Ruvuma PSA covers 6,079 square kilometres on the Tanzanian border with Mozambique where over 100 trillion cubic feet of gas has been discovered in recent years. Solo and Aminex discovered gas at the Ntorya-1 well in 2012 which was tested at over 20 million cubic feet per day of gas and 139 barrels of condensate (53 degree API gravity) on a 1" choke.

It is anticipated that gas from Ntorya and the Ruvuma PSA generally will be commercialised via the planned 36" diameter pipeline which will run through the PSA area to Dar es Salaam, which is the largest gas market in Tanzania.

Potential farminees are being asked to fund a disproportionate share of the planned forward work program of seismic and two exploration wells and paying a pro-rata share of past expenditures. Initial proposals are anticipated be requested from bidders on or soon after the 8th February 2013.

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

Update, Farmout in Tanzania

Solo today announces that due to the considerable level of interest being expressed in the farm-out of its Ruvuma PSA in Tanzania the deadline for the receipt of bids has been extended until March 2013.

Neil Ritson, Solo Executive Director commented:

"The level of interest has been very significant and it has not been possible to accommodate all the interested parties in the physical data-room prior to the original bid deadline. Several companies have asked for the deadline to be extended in order to allow them to complete their evaluation and we have therefore agreed with Aminex and FirstEnergy Capital LLP to accept bids up until early March."

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

Up 9.5% on reasonable volume.

I remember trading this well above 10p some times ago. Why has it crashed so much?

I shouldn't be surprised as I hold BIG chunk of Sterling Energy!

Cynic, Can we have your views?

Issue of Equity

Solo Oil plc announces that it has raised £1.0 million gross proceeds through the issue of 200 million new ordinary shares of 0.01p each in the Company ("Placing Shares") at a price of 0.5 pence per share to institutional investors (the "Placing").

Solo received final written authorisation for the forthcoming Nervesa appraisal well in northern Italy.

Issue of Equity and TVR

21 March 2013

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%.

Acquisition in West Africa

Solo is pleased to announce that it has signed a binding Memorandum of Understanding ("MOU") to acquire a 15% shareholding in Swiss based Pan Minerals & Oil AG ("Pan Minerals"). Solo will pay a cash consideration of £200,000 plus 60 million new ordinary Solo shares of 0.01p each representing a total aggregate consideration of £500,000.

The purpose of this investment is to assist Pan Minerals to consummate certain existing production agreements that it has negotiated onshore in West Africa. Pan Minerals is a Special Purpose Vehicle company that focuses on proven reserve situations which have the potential to be brought on production at over 2,000 bopd within a twelve month period.

In addition, Pan Minerals has granted Solo a 90 day option for a first right of refusal ("FROR") to participate in any future equity financing of Pan Minerals for the development of its West African oil production opportunities.

The FROR will allow Solo, at its sole discretion, to increase its direct equity interest in Pan Minerals from 15% to up to 49.9% subject always to any constraints Solo may have due to its investing policy as previously approved by shareholders.

Pan Minerals has invested nearly US$3mm to date in the pursuit of farm-ins on proven oil fields in West Africa and the Solo's investment will assist in the completion of these arrangements.

It is envisaged that the MOU will be converted to a full Sale and Purchase Agreement within a week and the Company will advise when the shares will be issued and admitted to AiM.