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Eagerly awaited flow testing results,
to determine the commercial merit of the discovery, are due in the coming
weeks.
Aminex and Solo Oil told investors yesterday
afternoon that flow testing began on the Ntorya-2 appraisal well, in Tanzania,
on February 25 and it confirmed that gas is flowing to surface. Results are
anticipated by ‘mid-March’, the partners added.
This morning, Davy analyst Job Langbroek, in a note, said: “We knew from
the discovery well that gas was present, and this latest update confirms that
it is flowing to surface. While much work remains to be done, recovering
hydrocarbons to surface is an encouraging first step
Full article proactiveinvestors