Solo Oil issues op. update on Ntorya-2, Tanzania

Solo Oil has provided an update on the progress of the Ntorya-2 appraisal well in Tanzania. The vertical Ntorya-2 appraisal well, operated by Aminex, was spudded on Dec. 21, 2016, and has a planned total depth of 2860 metres.

Aminex has provided the following update:

- The 17-inch hole section was successfully cased and cemented to a depth of 1,326 metres on 5 January 2017.

- The well is currently drilling in the 12-inch hole section which commenced on 7 January 2017 and is planned to reach a depth of 2,095 metres, and will then be cased and cemented.

- The well is then planned to be drilled in a 8-1/2-inch hole section through the target Cretaceous formation to an estimated final depth of 2,860 metres. A 7-inch cemented liner is planned and detailed analysis of the well data will be conducted.

- Once a permanent completion has been set the well is expected to be flow tested.

"This well is targeting the same sandstone channel complex as the Ntorya-1 discovery which flow-tested gas at 20 million cubic feet per day, with 139 barrels of associated condensate, from a 3.5-metre sandstone interval."

The Company has a 25% non-operating interest in the well.