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Solo Oil declares assessment of Arreton-2 well


Published Jan 29, 2016
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Solo Oil

Solo has been informed by UK Oil & Gas Investments PLC, its partner in the recently announced UK 14th Round Licence award on the Isle of Wight, that a volumetric analysis carried out independently by Xodus Group Lt calculates that the historic Arreton-2 well, now interpreted to be an undeveloped oil discovery, and the adjacent low-risk Arreton North and South Prospects may contain an aggregate gross Best Estimate Oil in Place of 219 million barrels within Purbeck, Portland and Inferior Oolite limestone reservoirs.

The Arreton Main discovery and Arreton Prospects lie within the 200 square kilometre 14th Round block offered to the Company by the Oil and Gas Authority and in which the Company holds a 30% working interest.

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