{"id":5130,"date":"2016-09-07T08:32:54","date_gmt":"2016-09-07T08:32:54","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5130"},"modified":"2017-01-24T19:11:24","modified_gmt":"2017-01-24T19:11:24","slug":"solo-oil-opts-not-to-increase-interests-in-kiliwani-north-tanzania","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-opts-not-to-increase-interests-in-kiliwani-north-tanzania\/","title":{"rendered":"Solo Oil Opts Not To Increase Interests in Kiliwani North, Tanzania"},"content":{"rendered":"

Solo Oil has announced that it has informed Aminex plc, the operator of the Kiliwani North Development Licence it does not intend to exercise its immediate option over a further 1.25% interest in the KNDL, which is now available to Solo having received first revenue from gas sales<\/a> in mid-August.<\/p>\n

Solo Oil continues to hold a further option over an additional 1.575% in the producing Kiliwani North field as announced April 2016<\/a> which it says it will determine its investment in that tranche in due course.<\/p>\n

According to Solo Chairman Neil Ritson the company has elected to focus its immediate investment on the larger potential at Ntorya<\/a>.<\/p>\n

“We are very pleased with the progress being made at Kiliwani North now that the Songo Songo Island gas processing plant has been fully commissioned and we expect to see further production and gas sales news in the next few weeks.\u00a0 Kiliwani North is an important project for us as it represents our first revenue from Tanzania, however, Solo has elected to focus its immediate investment on the larger potential at Ntorya, where appraisal drilling of will shortly be underway,” says Neil.<\/p>\n

Solo presently holds a 7.175% interest in the KNDL which contains the producing Kiliwani North-1 well.\u00a0 If the Company elects to take the final option its total interest in the KNDL will rise to 8.75%.<\/p>\n

The Company also holds a 25% interest in the Ruvuma Production Sharing Contract area in Tanzania which contains the Ntorya-1 gas condensate discovery well.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solo Oil has announced that it has informed Aminex plc, the operator of the Kiliwani North Development Licence it does not intend to exercise its immediate option over a further … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[137,3523,1321,1322,1787,2210,2342,4623,2466],"class_list":["post-5130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aminex","tag-gas-sales","tag-kiliwani-north","tag-kiliwani-north-development-licence","tag-ntorya-1","tag-ruvuma-production-sharing-contract","tag-solo-oil","tag-songo-songo-island-gas-processing-plant","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/07\/kiliwani-north-well.png?fit=525%2C519&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1kK","jetpack-related-posts":[{"id":6668,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kiliwani-north-well-production-decemberaminex-seeking-remedies\/","url_meta":{"origin":5130,"position":0},"title":"Kiliwani North Well Production Up in December,Aminex Seeking Remedies","author":"","date":"January 8, 2018","format":false,"excerpt":"Aminex has reported that the Kiliwani North well produced 95 MMcf of gas during the month of December up from after fluctuating below 1 million standard cubic feet per day in October and November due to low reservoir pressure and inlet pressure restrictions of the gas processing plant. Aminex says\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/07\/kiliwani-north-well-300x297.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4551,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gas-production-commences-at-tanzanias-kiliwani-north-gas-field\/","url_meta":{"origin":5130,"position":1},"title":"Gas Production Commences at Tanzania’s Kiliwani North Gas Field","author":"","date":"April 6, 2016","format":false,"excerpt":"Operator at the the Kiliwani North Development Licence\u00a0 Aminex has announced gas production from its\u00a0Kiliwani North gas field\u2019s Kiliwani North-1 well ('KN-1') \u00a0in Tanzania has commenced on schedule as had earlier been announced. According to Aminex production is expected to build up to an anticipated production rate of 25-30 mmcfd\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1912,"url":"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-acquires-interest-in-kiliwani-north-gas-field-tanzania\/","url_meta":{"origin":5130,"position":2},"title":"Solo Oil acquires interest in Kiliwani North Gas Field, Tanzania","author":"Samuel Kamau Mbote","date":"October 15, 2014","format":false,"excerpt":"Solo Oil plc has announced that it has signed binding heads of agreement to acquire an initial 6.5%\u00a0 interest in the soon to be producing Kiliwani North Development License in Tanzania from Ndovu Resources Ltd. for a total consideration of US$3.5 million (\"Initial Acquisition\"). Solo also has a 45 day\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3271,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzanias-kiliwani-north-gas-agreement-signed-q3-2015\/","url_meta":{"origin":5130,"position":3},"title":"Tanzania\u2019s Kiliwani North Gas Agreement to be Signed in Q3 2015","author":"","date":"August 26, 2015","format":false,"excerpt":"Production from the Kiliwani North Field could start in 2015 with the Tanzanian authorities having advised that production should start within Q3 2015 now that the main pipeline has been pressure tested and with the Gas Agreement expected to be signed this quarter. The completion of a Gas Sales Agreement\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2393,"url":"https:\/\/www.oilnewskenya.com\/index.php\/solo-acquires-kiliwani-north-development-licence-in-tanzania\/","url_meta":{"origin":5130,"position":4},"title":"Solo acquires Kiliwani North Development Licence in Tanzania","author":"Samuel Kamau Mbote","date":"February 3, 2015","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Solo has announced it has now signed the Asset Purchase Agreement with Aminex plc for the first 6.5% interest in the Kiliwani North Development Licence (KNDL) at a total consideration of US$3,500,000. The announcement \u00a0follows prior statements in October and December last year where the company said it\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2037,"url":"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-provides-update-on-acquisition-of-interest-in-tanzania\/","url_meta":{"origin":5130,"position":5},"title":"Solo Oil provides update on acquisition of interest in Tanzania","author":"Samuel Kamau Mbote","date":"November 12, 2014","format":false,"excerpt":"Solo Oil plc has announced that, further to the announcement of 14 October 2014, it has been advised by Aminex PLC that the conditions precedent which are remaining to close the acquisition of an initial 6.5% of the Tanzania\u2019s Kiliwani North Development Licence (KNDL) are the formal approval from the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/kiliwani-north-1-well.png?fit=493%2C556&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5130"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5130\/revisions"}],"predecessor-version":[{"id":5131,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5130\/revisions\/5131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4803"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}