Press Release
27 January 2012 NTORYA-1 DRILLING UPDATE
Aminex PLC ('Aminex' or the 'Company'), an independent oil
company listed on the main market of the London and Irish
Stock Exchanges with exploration and development assets in
the emerging hydrocarbon province of East Africa, today
announces a further update on drilling of the Ntorya-1
exploration well in the Ruvuma Basin onshore in Tanzania.
The well was spudded on the 22 December 2011 and has been
drilled to 1,535 metres where an intermediate casing string
has been set. The well is now drilling ahead towards the
target interval of approximately 1,800 to 1,900 metres depth.
Ntorya-1 is expected to reach total depth around the end of
January.
The Ntorya-1 well is designed to test the high quality Basal
Tertiary and Upper Cretaceous sands previously encountered in
the Likonde-1 well, 14 kilometres to the north. Aminex
estimates that the Ntorya Prospect has a probability of
success of around 20%, with mean recoverable resource
potential of 100 million barrels of oil equivalent.
Partners in the well are:
Ndovu Resources Ltd (Aminex) 56.25% (operator) Tullow
Tanzania B.V. 25%
Solo Oil plc 18.75%
For further information:
Stuard Detmer - CEO
M: Communications
Patrick d'Ancona +44 (0) 20 7920 2347 or +44 (0) 7768 981
256
Chris McMahon +44 (0) 207 920 2358 or +44 (0) 7703 045 103
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Documents associés | |
Ntorya-1 Drilling Update |