Solo Oil pleased with progress at Kiliwani North

Natural resources investment company Solo Oil welcomed an update from the operator of one of its investments on Monday.

The AIM-traded firm said the update, issued by Aminex, related to operations at Kiliwani North.

“Aminex is pleased to announce that it has successfully carried out remediation work on the subsurface safety valve of its Kiliwani North-1 well and gathered associated pressure and fluid data,” the update read.

“During this process, gas was observed at surface.

“The well is undergoing further testing and analysis.”

Solo Oil’s board said it “looks forward” to receiving further updates from the operator in due course.