23rd Sep 2016 07:02
LONDON (Alliance News) - Aminex PLC on Friday said it has signed contract for the rig to be used to drill the Ntorya-2 appraisal well covered by the Ruvuma production sharing contract and said it has an option to use the rig for a second well.
The Caroil 2 drilling rig is currently on the Ntorya-1 well pad and it will now be mobilised to the Ntorya-2 pad, which lies around 1,500 metres away. Aminex has a 75% working interest and is the operator of the well alongside fellow London-listed Solo Oil PLC with the other 25%.
Solo Oil released its own statement on Friday, with Chairman Neil Ritson stating the work at Ntorya is now "gaining momentum".
Aminex said it plans to drill the well in the fourth quarter of 2016.
By Joshua Warner; [email protected]; @JoshAlliance
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