Natural resource companies advance on LSE

Natural resource companies were advancing on the London Stock Exchange Wednesday, pushing stocks higher in the afternoon.

Natural resource companies were advancing on the London Stock Exchange Wednesday, pushing stocks higher in the afternoon.

Solo Oil was in the spotlight as it rocketed 13.73% to 0.58p following news that its planned farm out of the Ruvuma RSA had attracted interest of multi-nationals and national oil companies. The company said in a statement that the interest in the farm-out process has been significant, but it still expects the call for bids to come in February.

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