Video source: proactiveinvestors StockTube
Solos TRIPLELING of estimate –
Condensate in first test – Liquids mean an immediate market Fergus Jenkins,
Solo Oil PLC's (LON:SOLO) chief operating officer, outlines to Proactive their
view of the Ntorya gas project’s contingent resources.
The Ntorya discovery is now
estimated to have some 466 BCF of mean gas initially in place (GIIP), up from
the previous estimate of 153 BCF. The new estimates range from 62 BCFin the
more conservative P90 case to 1.13 trillion cubic feet (TCF) in the P10
scenario.
It follows the successful
Ntorya-2 well, drilled earlier this year, with the latest estimates now based
upon data from two wells. The estimates do not include any consideration for
the adjoining exploration acreage.
Material asset to Tanzania
commercially viable at present level but considerable upside potential!