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Solo Oil Plc

This Oil Boom Is Going Under The Radar

If anyone needed any further proof that Africa is shaping up as the next major hot spot in oil and gas, this year’s edition of Africa Oil Week will provide it. The event launched amid higher oil prices and booming exploration activity across the continent with super majors and independents both upbeat about their prospects there.

 

Solo oil (LON:SOLO) is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. The Company seeks to deliver returns through early stage investment in promising projects and uses management’s own sector expertise to assist in strategic asset development. Solo’s portfolio currently includes extensive interests in the prolific Ruvuma Basin in Tanzania, Helium One Limited, the Tanzanian helium exploration company, and Kiliwani North, a natural gas producing project in Tanzania. Solo also owns 4.2% in AIM listed UK Oil & Gas Limited.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.