Scirocco Energy is making progress in its transformation, from Tanzanian gas explorer to low-carbon asset owner, and is picking up “real momentum”, CEO Tom Reynolds has said.
Tanzania-focused Solo Oil has become Scirocco Energy, and with the change of name a newfound focus on the energy transition in the European market.
Aminex has completed its farm out of the Ruvuma licence to ARA Petroleum Tanzania, completing a process that began in mid-2018.
Aminex has received an extension to its Mtwara licence, in Tanzania, satisfying one of the remaining conditions of its farm-out agreement with ARA Petroleum Tanzania.
Solo Oil has announced a transformational deal in the Netherlands and is changing its name to Scirocco Energy.
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.
Solo Oil today said expressed in confidence in a new play, Rukwa Basin in Tanzania, opening up.
Solo Oil said an appraisal well is expected to be spudded later this month.
Horse Hill Developments has submitted a planning application for its onshore discovery near Gatwick Airport.
Solo Oil said a rig contract has been signed from the drilling of the Ntorya-2 appraisal well in the Ruvuma basin.
Solo Oil has raised £2million through the issues of ordinary shares in the company.
Solo Oil said it has informed the operator of the Kiliwani North development licence it does not intend to exercise its immediate option over a further stake in the project.
Solo Oil has appointed Daniel Maling as its finance director.
Solo Oil said the Mtwara licence which is part of the Ruvuma Production Sharing Agreement (PSA) has been granted a further one year extension.
Tanzania offers the best chance for Solo Oil to return value to the business the company said, as it reported a wider loss in 2015.
Solo Oil expects to reach its expected offtake rate from the Kiliwani North production operations in Tanzania later this year.
Solo Oil raised £800,000 after issues 320,000,000 new ordinary shares at 0.1pence each.
Aminex today confirmed first gas from its Kiliwani North prospect in Tanzania.
Aminex has sold its 3.825% interest in the Kiliwani North Development Licence in Tanzania to Solo Oil for $2.16million.
Aminex and Solo Oil are one step closer to first gas from its Kiliwanit North Development.
Solo Oil today confirmed it had increased its interests in Tanzania’s Kiliwani North development licence to 10%.
Aminex said the Kilwani North-1 well is undergoing final testing ahead of first production.
Solo Oil has confirmed that Kiliwani North operator Animex has now executed the gas sales agreement for the Kiliwani North-1 well with the Tanzania Petroleum Development Corporation on behalf of their joint venture partnership.
Solo Oil has said it will look at conventional oil and unconventional shale plays after winning an onshore licence on the Isle of Wight.
Solo Oil has farmed out its interest in the Ruvuma petroleum sharing agreement to help it accelerate two appraisal wells in Tanzania.