Solo Oil provides update on farm-out in Tanzania
Thursday, March 21, 2013
- FirstEnergy Capital LLP are continuing to hold discussions with a number of parties concerning a farm-out of the Company's interests in the Ruvuma PSA in Tanzania.
Solo today confirms that FirstEnergy Capital LLP, on behalf of Aminex plc and the Company, are continuing to hold discussions with a number of parties concerning a farm-out of the Company's interests in the Ruvuma PSA in Tanzania. Further announcements will be made in due course.
Participants in the Ruvuma PSA are: Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.
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