18th Sep 2006 07:02
Aminex PLC18 September 2006 18 September 2006 Aminex PLC ('Aminex') Ministerial Signing of Production Sharing Contact Aminex PLC, the oil and gas company listed in London and Dublin, announces thaton Sunday 17th. September it signed a Production Sharing Agreement (PSA) forOnshore Block 2 in the West Esh El Mellahah area ("WEEM") in upper Egypt at aformal signing ceremony with the Egyptian Minister of Petroleum. Thisconcession had previously received presidential and parliamentary approval, asannounced to shareholders, but today's signing marks the start of the firstconcession period. The licence has been awarded to Aminex Petroleum Egypt Ltd., in which Aminex PLChas a 10% working interest. Speaking from Cairo yesterday, Aminex Chief Executive Brian Hall said: "This concludes a lengthy process of concession finalisation and we are verypleased now to be able to start work on WEEM. The first exploration periodcalls for three exploration wells. There is existing, modern 3D seismic dataalready available on Block 2 and it is likely that early drilling can beaccomplished, two wells being scheduled for 2007 subject to any operatingconstraints. We regard WEEM as a very prospective area for hydrocarbons and inaddition we are in early stage negotiations on other exploration blocks inEgypt." Enquiries: Aminex PLC +44 (0) 20 7240 1600Brian Hall, Chief Executive Pelham Public Relations +44 (0) 20 7743 6679 / +44 (0) 7802 442486Archie Berens This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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