5th Nov 2007 07:01
Aminex PLC05 November 2007 5 NOVEMBER 2007 AMINEX PLC DELIVERY OF RIG Aminex PLC, the oil and Gas company listed in Dublin and London ("Aminex" or the"Company") announces that it took delivery of the Caroil Rig-6 drilling unit atmidnight on 2 November 2007. The Caroil Rig-6 was handed over to Aminex's wholly-owned subsidiary NdovuResources Ltd., operator for a five company consortium which will drillKiliwane-1, the first of two back to back wells on the Nyuni/East Songo-Songolicence offshore Tanzania in the Rufiji River delta. The rig, which has beensubstantially upgraded to meet the Company's requirements since it signed adrilling contract with Caroil SA in April this year, has recently drilled asuccessful development well in the neighbouring Songo-Songo gas field operatedby Pan-African Tanzania Ltd. Kiliwane-1 will be drilled from the islet of Kiliwane lying approximately onekilometre to the south-east of Songo-Songo Island and accessible fromSongo-Songo via a causeway. It will be a directional well with the selectedbottom hole location approximately 1,200 metres from the surface location.Drilled depth is planned to be approximately 2,500 metres and the targetlocation is designed to test lower cretaceous sand stones which are thereservoirs at the Songo-Songo producing gas field. Mobilisation to the well site and rig up is estimated to take approximately 2-3weeks and a further announcement will be made when the well has been spudded. Partners are: Ndovu Resources Ltd. (Aminex) 39% (operator)RAK Gas Commission 25%Key Petroleum Ltd. 20%East African Exploration Ltd. 10%Bounty Oil 6% Further information: Brian Hall Aminex PLC +44 (0) 20 7291 3100 Archie Berens Pelham Public Relations +44 (0) 20 7743 6679 or +44 (0)7802 442486 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aminex