Disposal of Burj investment completed

Released : 08/10/2019 07:00

RNS Number : 0618P

Solo Oil Plc

08 October 2019

8 October 2019

Solo Oil plc ("Solo" or "the Company")

Disposal of Burj investment completed

Solo Oil (AIM: SOLO), a natural resources investment company focused on acquiring a balanced portfolio of production, development and exploration assets, announces that further to its announcement on 10 September 2019 regarding the Company's exit of its 20% investment in Burj Petroleum Africa Limited ("Burj"), no other shareholders in Burj have exercised their pre‐emption rights in relation to the proposed sale by Solo during the prescribed period, and therefore the disposal by Solo of its shareholding in Burj has now completed.

Solo has divested its interest in this non‐core asset for a nominal fee of £1, and in doing so has also relinquished any future costs associated with Burj.

For further information:

Solo Oil plc

+44 (0) 20 7440 0642

Alastair Ferguson

Strand Hanson

+44 (0) 20 7409 3494

Nominated & Financial Adviser

Rory Murphy / James Spinney / Ritchie Balmer

Shore Capital

+44 (0) 20 7408 4090

Broker

Jerry Keen

Buchanan

+44 (0) 20 7466 5000

Financial PR

Ben Romney / Kelsey Traynor/ James Husband

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Solo Oil plc published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 06:21:01 UTC