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RNS Number : 6853P
Solo Oil Plc
06 October 2011

For Immediate Release

6 October 2011




("Solo" or the "Company")

Tanzania Update



Solo Oil plc today announces completion of the assignment of additional interests in the Ruvuma Basin PSA in Tanzania from Tullow Tanzania BV ("Tullow").


Further to the announcement on 8 September 2011, Tanzanian Government approval for the assignment of interest between Tullow and Solo has been received and the assignment has been completed.  Solo now has a beneficial interest of 18.75% in the Lindi and Mtwara licences which jointly make up the Ruvuma PSA in onshore Tanzania.


Tullow has also confirmed that Ndovu Resources Limited, a subsidiary of Aminex plc, is now the operator of the PSA.  Now that operatorship has been formally transferred; an update on the timing of the planned drilling of the Ntorya-1 well, anticipated to spud during November, is expected shortly.


For further information:


Solo Oil plc

David Lenigas

Neil Ritson

+44 (0) 20 7440 0642

Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

+44 (0) 20 7628 3396

Shore Capital

Joint Broker

Pascal Keane

Jerry Keen


Pelham Bell Pottinger                            

Public Relations

Mark Antelme

 Henry Lerwill


+44 (0) 20 7408 4090





+44 (0) 20 7861 3232                          


Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Leni Gas & Oil Plc who has 35 years of relevant experience in the oil industry.  Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.




PSA                        - Production Sharing Agreement

spud                       - commencement of drilling operations using a rotary drill bit at surface


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