Ruvuma Resource Estimates Rise

Friday, December 19, 2014

Solo Oil was advised by Aminex that the internal resource estimates for the southern part of the Ruvuma PSC have been updated, from mean gas initially in place of 2.3 Tcf to 3.2 Tcf. Solo holds a 25% stake in the Ruvuma PSC.

The newest interpretation using the 2D seismic data acquired earlier in 2014 has shown that in addition to the previously announced target for an appraisal well in the Ntorya-Likonde appraisal area where 2.3 Tcf mean gas initially in place (GIIP) was estimated, there is a further 900 Bcf of gas in the Namisange prospect to the west.

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