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Solo Oil makes 'attractive strategic investment' with Helium acquisition

Last updated: 08:52 22 Mar 2017 GMT, First published: 04:52 22 Mar 2017 GMT

Tanzania-focused gas investment firm Solo Oil PLC (LON:SOLO) has announced its move into helium with a deal worth up to £6.55mln.

Solo's chairman Neil Ritson tells Proactive they're spending £2.55mln for a 10% stake in Helium One in a cash and shares transaction and has the option to double its holding for an extra £4mln.

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on 13/4/23