Solo is pleased to announce that Aminex plc, operator of the Ruvuma PSA in Tanzania, has advised the Company that the Caroil-2 rig has been formally accepted on contract following inspection by an independent surveyor and that Ntorya-2 drilling operations commenced over the weekend. Spudding of the Ntorya-2 appraisal well is expected in the next few days.
The Ntorya-2 well is planned to be drilled to an estimated total depth of 2,860 metres and is targeting the same sandstone channel complex as found at Ntorya-1, but located further up-dip. The well location is approximately 1,500-metre southwest from the Ntorya-1 discovery which (as reported in June 2012) flowed gas at 20 million standard cubic feet per day, with 139 barrels of associated condensate, from a 3.5-metre sandstone interval on test.
Solo has a 25% non-operating interest in the Ruvuma PSA and in the Ntorya-2 well.