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[oilnewskenya]

Solo Oil £2 million through share placement to fund UK, Tanzania Investments

Solo Oil £2 million through share placement to fund UK, Tanzania Investments

Solo Oil has raised £2,000,000 gross proceeds through the issue of 363,636,364 new ordinary shares funds of which will be deployed as working capital in the Company’s active investments in both Tanzania and the UK.

According to Solo Oil chairman Neil Ritson the funds will be used to develop discoveries at both the Ntorya and Horse Hill fields.

“Access to additional working capital at this time…

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[oilnewskenya]

Aminex receives deferral of a two well drilling commitment on the Nyuni Area PSA in Tanzania

Aminex receives deferral of a two well drilling commitment on the Nyuni Area PSA in Tanzania

Aminex  has notified shareholders that the Tanzanian authorities have agreed to the deferral of a two well drilling commitment on the Nyuni Area PSA, which was due to be completed by the end of October 2015, into the four-year First Extension which expires October 2019.

The deferral is conditional on an Environmental Impact Assessment, which has already commenced, and the eventual acquisition of…

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