{"id":5692,"date":"2017-02-16T13:38:17","date_gmt":"2017-02-16T13:38:17","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5692"},"modified":"2017-02-16T13:38:17","modified_gmt":"2017-02-16T13:38:17","slug":"solo-oil-raises-2m-to-fund-tanzanias-ntorya-2-well-testing","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-raises-2m-to-fund-tanzanias-ntorya-2-well-testing\/","title":{"rendered":"Solo Oil raises \u00a32M to fund Tanzania&#8217;s Ntorya 2 well testing"},"content":{"rendered":"<p>Solo Oil has announced that the company has raised\u00a0\u00a32,000,000\u00a0(before expenses) through a Company sponsored placing.<\/p>\n<p>The net proceeds from the Placing will be used to fund the Company&#8217;s share of the imminent well testing programme for the recently drilled Ntorya-2 appraisal in\u00a0Tanzania\u00a0and the analysis of future development options for the Ntorya discovery, where Aminex plc is the operator.<\/p>\n<p>&#8220;The Company is looking forward to the flow test results from the <a href=\"http:\/\/bit.ly\/2lnepbL\">Ntorya-2 gas discovery<\/a> in the coming weeks. Following the flow testing the joint venture partners will define the forward development programme for the Ntorya discovery and are expecting to apply for a 25-year development licence,&#8221; says non-executive chairman Neil Ritson.<\/p>\n<p>Solo holds a 25% working interest in the Ruvuma Petroleum Sharing Agreement and in the Ntorya gas and condensate discovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solo Oil has announced that the company has raised\u00a0\u00a32,000,000\u00a0(before expenses) through a Company sponsored placing. The net proceeds from the Placing will be used to fund the Company&#8217;s share of &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-raises-2m-to-fund-tanzanias-ntorya-2-well-testing\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1819,"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":[137,5716,942,1784,4372,5848,5847,2466,2716],"class_list":["post-5692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aminex","tag-discovery","tag-funding","tag-ntorya","tag-ntorya-2","tag-placement","tag-ruvuma-petroleum-sharing-agreement","tag-tanzania","tag-well-testing","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/solo-oil.jpg?fit=320%2C320&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1tO","jetpack-related-posts":[{"id":5717,"url":"https:\/\/www.oilnewskenya.com\/index.php\/production-testing-commences-at-ntorya-2-well-in-tanzania\/","url_meta":{"origin":5692,"position":0},"title":"Production Testing Commences at Ntorya-2 well in Tanzania","author":"","date":"February 27, 2017","format":false,"excerpt":"Ruvuma PSA Block operator Aminex has announced that production testing on the recently drilled Ntorya-2 appraisal well commenced over the weekend and gas is now flowing to surface. According to Aminex the well will be tested with a variety of flow rates and choke sizes to determine the optimal deliverability\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5657,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-discovers-gas-in-tanzanias-ntorya-2-well\/","url_meta":{"origin":5692,"position":1},"title":"Aminex Discovers Gas In Tanzania\u2019s Ntorya-2 Well","author":"","date":"February 6, 2017","format":false,"excerpt":"Aminex has announced that the Ntorya-2 appraisal well located at the Ruvuma Production Sharing Agreement has been successfully drilled to a depth of approximately 2,750 metres and encountered a gross gas bearing reservoir unit of approximately 51 metres at 2,596 metres drilling depth. According to Aminex the preliminary petrophysical analysis\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5162,"url":"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-raises-2m-to-fund-tanzanias-ntorya-2-appraisal-well\/","url_meta":{"origin":5692,"position":2},"title":"Solo Oil Raises \u00a32M to Fund Tanzania&#8217;s Ntorya-2 Appraisal well","author":"","date":"September 19, 2016","format":false,"excerpt":"Solo Oil has announced that it has raised\u00a0\u00a32,000,000\u00a0gross proceeds through the issue of 1,111,111,111 new ordinary shares in a Company sponsored placement to a single institutional investor, being Epsilon Pty to fund the Company's share of the Ntorya-2 well in\u00a0Tanzania\u00a0and settle all outstanding amounts due to YA Global Master SPV,\u2026","rel":"","context":"In &quot;Top News&quot;","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\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5201,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-signs-rig-contract-for-ntorya-2-well-in-tanzanias-ruvuma-psa\/","url_meta":{"origin":5692,"position":3},"title":"Aminex Signs Rig Contract for Ntorya-2 Well in Tanzania\u2019s Ruvuma PSA","author":"","date":"September 23, 2016","format":false,"excerpt":"Tanzania\u2019s Ruvuma PSA block operator Aminex has announced that it has executed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment\u2026","rel":"","context":"In &quot;Top News&quot;","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\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5745,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ntorya-2-results-meet-the-requirements-for-a-declaration-of-commerciality\/","url_meta":{"origin":5692,"position":4},"title":"Ntorya 2 Results Meet The Requirements For A Declaration Of Commerciality","author":"","date":"March 9, 2017","format":false,"excerpt":"Aminex has confirmed that the Ntorya-2 appraisal well drilled in the onshore Ruvuma Basin of Mtwara Licence has now been successfully tested and is being suspended for future production. According to Aminex the well was perforated over a gross interval of 34 metres and underwent a testing programme for a\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5506,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-announces-spudding-of-ntorya-2-in-tanzania\/","url_meta":{"origin":5692,"position":5},"title":"Aminex Announces Spudding of Ntorya-2 in Tanzania","author":"","date":"December 22, 2016","format":false,"excerpt":"Aminex has announced that it has commenced drilling the Ntorya 2 appraisal well in the Ruvuma Basin, Tanzania. The well is being drilled to an estimated total depth of 2860 metres and is targeting the same channel complex as Ntorya 1 but further updip of the reservoir. \u201cWe are delighted\u2026","rel":"","context":"In &quot;Top News&quot;","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\/04\/Ntorya-123-location.png?fit=452%2C329&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\/5692","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=5692"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5692\/revisions"}],"predecessor-version":[{"id":5693,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5692\/revisions\/5693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1819"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}