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Solo Oil welcomes Helium One's intention to float on ASX

Neil Ritson, executive chairman of Solo Oil PLC (LON:SOLO), updates Proactive's Andrew Scott on the progress of its 15% owned associate Helium One which is considering options for new funding to support exploration plans in Tanzania.

Ritson says an IPO, onto the Australian Securities Exchange, is one option being considered by Helium One and it has now appointed Aussie stockbroker PAC Pty to help it review this potential outcome.

Quick facts: Solo Oil PLC

Price: 2.425 GBX

AIM:SOLO
Market: AIM
Market Cap: £15.32 m
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