23rd Aug 2018 11:11
LONDON (Alliance News) - Aminex PLC said Thursday it received "numerous bids" for a rig to drill its Chikumbi-1 well in Tanzania after completing a tender process.
Aminex said it is evaluating the bids on their "technical and commercial merits". The well, if successful, is expected to be produce gas for the Madimba processing plant and integrated into a full field development programme, the company explained.
Regarding its Kiliwani North-1 well, also located in Tanzania, the company said pressure has built up sufficiently and it is working to "stimulate the production as soon as possible".
Aminex shares were trading up 5.4% at 1.84 pence each.
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