Solo Oil Announces Discovery In Tanzania Extends Ruvuma Gas Play Onshore

February 29, 2012
Solo Oil plc (LSE:SOLO) has discovered gas at the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania where the company holds a 25% interest, the company reported in a news release.

Further to the announcement on 15 February 2012 which reported strong gas shows in a good quality Cretaceous reservoir sandstone at a depth of 2,660 metres, open hole electric logs have now been acquired over the zone of interest and to total depth at 2,750 metres. Evaluation of the electric logs has confirmed the presence of reservoired gas.

The electric logs show a gross sand interval of 25 metres from 2,660 to 2,685 metres with a 3 metre net gas bearing pay zone at the top of the interval with porosities of 20%.  A further 16.5 metre lowear sandstone interval contains additional probable gas pay.

The presence of gas bearing reservoir sandstones in the Ntorya-1 well confirms the potential for additional prospectivity in the thick Mesozoic sandstones that were encountered in the Laikonde-1 well, drilled in 2010, approximately 14 kilometres to the north.

A 7 inch liner will now be run to total depth and the well will then be deepened by a further 250 metres to investigate a prominent seismic event estimated to lie at 3,000 metres.  Since oil shows were previously encountered in Likonde-1, this deeper target has the potential to represent additional pay with liquid hydrocarbons.

After Ntorya-1 has been deepened it will be suspended for flow testing at a later date once suitable equipment can be mobilsed.

Solo Executive Director, Neil Ritson, said, "With the recent high profile offshore exploration successes in the Ruvuma Basin we are delighted to have been able to extend the proven gas fairway onshore in Tanzania.  There is immense potential to pursue additional opportunities within the Ruvuma PSA and the probable construction of gas infrastructure at the coast, just 25 kilometres away, makes commercial development very likely."

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