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Solo Oil boss delighted with estimated Ntorya gas resources boost

Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO) described as 'fantastic' the boost for its flagship Tanzania gas project - where partner Aminex plc (LON:AEX) almost tripled its estimate of gas resources.

Aminex told investors that its new estimate sees some 1.3 trillion cubic feet of gas initially in place at the Ntorya project, up from prior estimates of 466 billion cubic feet.

Solo Oil owns a 25% interest in the gas discovery.

 

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