Solo Oil (LON: SOLO), a natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, noted the announcement issued by Aminex PLC, the Company’s partner in the Ruvuma PSA, regarding the passing of the resolution that Aminex put to its shareholders at its EGM today to approve the previously announced farmout of a 50% interest in the Ruvuma PSA to The Zubair Corporation LLC.
Solo holds a 25% interest in the Ruvuma PSA, the Board of Solo is supportive of the farmout transaction and is pleased to have a further high quality partner join the project.
