AIM: SOLO www.solooil.co.uk
Ruvuma Basin PSA, Tanzania: At the forefront of East Africa’s frontier energy district Ruva Dodsal
Highlights • • • •
Mean unrisked GIIP within identified leads, prospects and discoveries of 5.75 tcf A total 1.17 tcf mean unrisked GIIP at Ntorya of which 178 billion cubic feet (bcf) is discovered A large lead up-dip of Ntorya is seen to have a mean 2.62 tcf unrisked GIIP potential ISIS also recognises significant, but so far unquantified, oil potential in the Karoo Formation
In good company
Kimbiji Petrodel
Dominion
Petrobas
International oil & gas companies with active operations close to the Solo Oil’s Ruvuma Basin PSA in Tanzania include BG Group/Ophir Energy, Cove Energy, Eni, Petrobas, RAK Gas, Statoil, Maurel et Prom, Petrodel Resources Ltd and Wentworth Resources Ltd.
Latham Petrodel Petrobas
Kisangire Ophir
Bigwa-Rufigi/Mafia Maurel et prom
BG Group/Ophir
Nyuni Aminex
2.3 Tcf 2.3 Tcf
Lukuliro Ophir
45 Bcf
BG Group/Ophir
Songo Songo Pan African
Selous Ophir
Fact File: Ruvuma Basin PSA, Tanzania
Mandawa Ophir
Statoil
Ownership:
5 Tcf BG Group/Ophir East Pande Rakgas
5 Tcf
Lindi Licence
Area: Resource Potential:
Wentworth Resources
Likonde-1 Well Ntorya-1 Well Discovery
Prospects: Mtwara Licence
TANZANIA
Discovery:
40 Tcf
Infrastructure: Status:
MOZAMBIQUE Discovered gas field
Wentworth Resources
Andarko
ENI
Aminex Plc (LSE: AEX): 75% Solo Oil (AIM: SOLO): 25% 12,300 square kilometres 80% onshore / 20% offshore Estimated at 5.75 trillion cubic feet (TCF) of natural gas Equates to +/-1.5 TCF net to Solo Oil Condensate (light oil) also discovered, suggesting potential for oil discovery 4 large-scale gas prospects, 4 additional prospects/leads, offshore prospects with multi-TCF resource potential Ntorya-1 Flows from drill discovery were 20 million standard cubic feet per day (mmscf/d) Mtwara Port, Tanzania, situated 25 km from Ruvuma PSA Mtwara to Dar es Salaam gas pipeline construction imminent Exploration and Appraisal Phase: Additional data is being collected and a reserves report will be prepared, based on existing and newly acquired resource information A seismic programme will be undertaken later in 2012, with additional wells to be drilled in early 2013