Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO),
discusses with Proactive the findings from the recently completed CPR which
reveals a major upgrade to the gas resources at the Ntorya project in Tanzania.
It follows the Ntorya-2 appraisal well success and an
assessment of well testing.
Ntorya’s contingent gas resource has now risen to 762.8bn
cubic feet of gas, comprising 80.6bn cubic feet of gas that’s described as
pending development – to be addressed by the planned initial three well
operation.
Two of the three wells have so far been drilled, and the
third is due later this year. The gas would be connected to a gas plant located
some 33 kilometres away.
Solo Oil holds a 25% interest in the project.