Ntorya-2 Appraisal Well ready to Spud in Mid-December

The Ntorya-2 appraisal well in the Ruvuma PSA is ready to spud with the operator confirming that an independent inspection of the Caroil 2 drilling rig has now been completed.

The well location is a 1,500-metre step-out from the Company’s Ntorya-1 discovery which flow-tested gas at 20 mmcf/d, with 139 barrels of associated condensate, from a 3.5-metre sand interval is expected to test the up-dip part of the same channel complex as the Ntorya-1 discovery well only in a thicker gross reservoir section.

Additionally, the Company has now completed all necessary civil works for the subsequent Ntorya-3 wellsite which will be located approximately 5 kilometers from the Ntorya-1 discovery well, is expected to be drilled following Ntorya-2 although the programme may vary depending on the results at Ntorya-2.

Ntorya-3 was identified based on 2D seismic acquired in 2014 and is further up-dip from Ntorya-1 and Ntorya-2 and is expected to test the thickest part of the Cretaceous channel complex.

“News from Aminex, the operator of both the Ruvuma PSA and KNDL, confirms that both operations remain on schedule.  Solo is especially excited that the spud of the Ntorya appraisal well is now imminent since this well has significant upside potential for Solo’s asset holdings in Tanzania,” says Solo Chairman Neil Ritson.

The Company has a 75% operated interest in the well and initial results are expected early next year.

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