Following the press statement by Aminex plc ("Aminex") yesterday, Solo wishes to clarify thatFirstEnergy Capital LLP, who are acting for both Solo and Aminex, continue actively to discuss a farm-out of the Ruvuma PSA and currently there are on-going ...

Solo retains a 90 day option for a first right of refusal ("FROR") to participate in any future equity financing of Pan Minerals for the development of its West African oil production opportunities. The FROR will allow Solo, at its sole discretion, to ...

Solo is pleased to announce that it has signed a binding Memorandum of Understanding ("MOU") to acquire a 15% shareholding in Swiss based Pan Minerals & Oil AG ("Pan Minerals"). Solo will pay a cash consideration of GBP200,000 plus 60 million new ...

Solo Oil plc announces that it has raised �1.5 million gross proceeds through the issue of 375 million new ordinary shares of 0.01p each in the Company ("Placing Shares") at a price of 0.4 pence per share to one institutional investor (the "Placing ...

Related Topics. Financials �. LONDON | Thu May 9, 2013 2:08am EDT. LONDON May 9 (Reuters) - Solo Oil PLC : * Acquisition in west Africa * Signed memorandum of understanding to acquire a 15% shareholding in Swiss.

Solo Oil's (LON:SOLO) previously announced purchase of a 15% stake in West African onshore operator Pan Minerals & Oil has been completed. Solo announced the acquisition of a stake the Switzerland-based investment vehicle on May 9. Solo is paying ...

Solo Oil (LON:SOLO) has told investors that it expects a farm-out deal will be concluded for its Tanzanian assets once the government has approved revised contract terms.

News from Aminex (LON:AEX) on the farm-out of its Tanzanian assets yesterday did nothing to reassure investors that it would snap up a partner soon.

Amara Mining (AMA) has been awarded an environmental permit for the Sega gold mining project in Burkina Faso. Solo Oil (SOLO) has reassured investors that talks remain ongoing with more than five potential suitors for a farm-in on the Ruvuma gas ...

Solo Oil (LON:SOLO) shares advanced over 7% on Tuesday as it completed a deal to buy new assets in West Africa, and reassured over its ongoing farm out process in Tanzania.