Solo Oil, the UK-based Tanzania gas explorer, has cancelled a shareholders meeting at which it was to have sought authority to raise cash to double its stake to 20% in Helium One, a company that has made a helium discovery in western Tanzania. Solo’s board said May 23 it will instead focus on its existing investments, including its 25% stake in the Ntorya gas condensate discovery in Tanzania, the UK Horse Hill oil find and its initial 10% stake in Helium One.

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