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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Scirocco Energy Plc | LSE:SCIR | London | Ordinary Share | GB00BF1BK408 | ORD 0.20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.021 | 6.46% | 0.346 | 0.30 | 0.35 | 0.325 | 0.325 | 0.325 | 7,858,920 | 16:35:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 135k | -4.82M | -0.0053 | -0.60 | 2.88M |
From May 2019 to May 2024
TIDMSOLO
RNS Number : 9902F
Solo Oil Plc
23 May 2017
FOR IMMEDIATE RELEASE 23 May 2017
SOLO OIL PLC
("Solo" or the "Company")
Cancellation of General Meeting
Solo Oil plc (AIM: SOLO) has decided to withdraw the Notice of General Meeting contained in the Circular to Shareholders dated 19 May 2017.
The General Meeting had been called to seek Shareholder approval for the authority to allot shares to make the second stage investment into Helium One Limited ("Helium One"). Accordingly, the Company will now not exercise the call option with Helium One and has terminated plans to raise funds to complete that transaction.
The Board will continue to focus on the Company's existing investments, including the Ntorya gas condensate discovery in Tanzania, the Horse Hill oil discovery and the initial 10% stake in Helium One. The Board considers the initial stake in Helium One to be a core investment of the Company with significant potential upside. Solo will therefore continue to play an important role in supporting Helium One as it progresses its strategic helium assets in Tanzania.
The Board anticipates shortly publishing the Company's Annual Report and Accounts for the year ending 31 December 2016 and calling an Annual General Meeting, and will outline its future investment plans and strategy to shareholders at that time.
For further information:
Solo Oil plc Neil Ritson / Dan Maling +44 (0) 20 3794 9230 Beaumont Cornish Limited Nominated Adviser and Joint Broker Roland Cornish +44 (0) 20 7628 3396 Shore Capital Joint Broker Jerry Keen Beaufort Securities Joint Broker Jon Belliss Buchanan (PR) +44 (0) 20 7408 4090 Ben Romney / Chris +44 (0) 20 7382 8300 Judd / Henry Wilson +44 (0) 20 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEWFEDFWSELI
(END) Dow Jones Newswires
May 23, 2017 08:50 ET (12:50 GMT)
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