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 ?

Regulatory Approval


AWARD OF TANZANIA APPRAISAL LICENCE

Solo is pleased to announce that the application for an Appraisal Licence at its Ntorya-1 discovery in Tanzania has been approved by the Tanzanian authorities.

Ntorya-1 was drilled in the Ruvuma Production Sharing Contract ("PSA") area in 2012 and successfully tested gas at a rate of 20 million standard cubic feet per day (equivalent to more than 3,000 barrels of oil per day) with 139 barrels per day of 53 degree API condensate. An independent estimate by ISIS Petroleum Consultants ("ISIS") of gas discovered by the well indicated a gross discovered volume of 178 billion cubic feet in place and the operator has evaluated this to be a contingent resource of 134 billion cubic feet of recoverable gas.

ISIS estimated that 1.17 trillion cubic feet of gross unrisked gas in place were potentially present at Ntorya and that further appraisal would be required to confirm this volume. The mean gross unrisked gas in place in discoveries, prospects and leads within the PSA was estimated to be in excess of 5.75 trillion cubic feet.

Unaudited Interim Results

Highlights for the period include:

· The partners in the Ruvuma PSA have been granted a 2-year appraisal area over the Ntorya-1 discovery in order to formulate
a development plan.
· The Ruvuma PSA has been extended into the 2nd Extension period to allow seismic to be acquired prior to further drilling.
· Solo has acquired a 15% interest in Pan Minerals with potential to gain direct production exposure to a field onshore in West Africa.

LISTEN: Solo Oil SOLO - Interim results

Click here

Possible Sale of Interests in Ontario

Solo today announces that it has agreed in principle with Reef Resources Limited ("Reef") to sell its 28.56% holding in the SW Ontario properties acquired in 2011, with a target closing date of 31 December 2013.

Neil Ritson, Solo Executive Director, commented: "As we have previously indicated, we have been disappointed by the performance of the SW Ontario properties and the limited progress made with the field development this year. We feel that our shareholders will be better served by Solo reinvesting the proceeds of an eventual sale elsewhere."

LISTEN: Solo Oil #SOLO - Possible sale of interests in Ontario

Click here to lsiten

Investment in West Africa

Solo is pleased to announce that it has signed a Sale Purchase Agreement ("SPA") to acquire an additional 4.9% shareholding in Swiss based Pan Minerals & Oil AG ("Pan Minerals") for a cash consideration of US$500,000. This brings the total investment into Pan Minerals to approximately £800,000 and increases Solo's direct equity interest in Pan Minerals from 15% to 19.9%.

LISTEN: Neil Ritson, Executive Director of Solo Oil Plc, discusses the UK onshore acquisition

Click here to listen

Having started this thread and sold out some while ago.. think I might buy back in.

Horse Hill Investment Update

Solo Oil Plc (AIM: SOLO) is pleased to announce that it has been informed by the operator that civil works have now commenced on the Horse Hill site in the Weald Basin in preparation for the drilling of the proposed 2,646 metre (8,680 feet) Horse Hill-1 well, which lies about 3 kilometres from Gatwick Airport and is designed to test a number of promising conventional oil and gas targets.

Ntorya Gas-Condensate Development, Tanzania

Solo today announces that it has been informed by the operator that the seismic data required to assist in the selection of future drilling locations at the onshore Ntorya gas-condensate discovery is currently underway in south-east Tanzania.

Listen: Solo Oil - Seismic acquisition, Tanzania

Click the link to listen
http://www.brrmedia.co.uk/event/123708/neil-ritson-executive-director

I still have about ten bob's worth!

Make that 15 bob now.

Break open the Babycham skinny!

I'll wait until I've got a quids worth.

David's next 'big thing' maybe! :o)

You will be able to run to 2 bottles skinny!

16 bob.

Adding a packet of crisps? :o)

Make that 2 packets!