Aminex PLC Ntorya-2 Operations Update (6010T)
09 January 2017 - 6:00PM
UK Regulatory
TIDMAEX
RNS Number : 6010T
Aminex PLC
09 January 2017
Aminex plc
("Aminex" or "the Company")
Ntorya-2 Operations Update
Aminex provides the following update on the Company's drilling
activity in the Ruvuma Basin, Tanzania, where the Ntorya-2
appraisal well was spudded on 21 December 2016, with a planned
total depth of 2,860 metres.
Drilling Status and Schedule
-- On 5 January the 17" hole section was cased and cemented to a depth of 1,326 metres.
-- Drilling recommenced on 7 January in the 12" section which
will be cased and cemented at 2,095 metres.
-- Following this an 8 1/2 " section is planned through the
target Cretaceous formation to an estimated total depth of 2,860
metres.
-- A 7" cemented liner is then expected to be set and a detailed
analysis of the well data conducted prior to potential testing.
This vertical well is targeting the same sandstone channel
complex as the Ntorya-1 discovery which flow-tested gas at 20
mmcf/d, with 139 barrels of associated condensate, from a 3.5-metre
sand interval.
For further information, please contact:
Aminex PLC
Jay Bhattacherjee, Chief Executive Officer +44 (0) 20 3198 8415
Max Williams, Chief Financial Officer
Investec Bank plc
Chris Sim +44 (0) 207 597 4000
Shore Capital
Jerry Keen +44 (0) 20 7408 4090
Davy
Brian Garrahy +353 (0) 1 679 6363
Camarco
Billy Clegg / Gordon Poole / Tom Huddart +44 (0) 20 3757 4980
Notes to editors
Aminex PLC is a producing company which is premium listed on the
London Stock Exchange and primary-listed on the Irish Stock
Exchange. The Company's focus is its three licences in Tanzania,
where it was one of the first independent oil companies to enter
the country in 2002:
Kiliwani North Development Licence (54.575%) Operator
The Kiliwani North Field has been independently ascribed with 28
BCF gross contingent (2C) resource and is currently in production
at 15 mmcfd. Gas is sold at the well head in $US at a fixed price
and fed directly into the Tanzania's pipeline infrastructure to Dar
es Salaam.
Ruvuma Production Sharing Agreement (75%) Operator
The Ruvuma acreage includes Aminex's Ntorya-1 onshore Cretaceous
gas discovery which has been independently ascribed 70 BCF gross
contingent (2C) resource in the Ruvuma Basin. The well tested at 20
mmcfd with 139 bbls of associated condensate. Aminex is currently
appraising the discovery as well as continuing exploration activity
on the licenced area in the prospective Ruvuma Basin.
Nyuni Area Production Sharing Agreement (90%) Operator
The Nyuni Area acreage offers high impact exploration and has
been ascribed 4.2 TCF prospective resource. Drilling success in the
region based on 3D seismic has been over 90%.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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