4th Jun 2008 11:00
4 JUNE 2008
AMINEX PLC
RESULT OF WELL TEST
Kiliwani North-1 well tests gas 40 million cubic feet/day
Aminex PLC, the oil and gas company listed in London and Dublin ("Aminex" or the "Company") announces a successful well test at the Kiliwani North-1 well in Tanzania.
Initial results from the test have established:
A strong stabilised flow of gas at a rate of 40 million cubic feet/day, equivalent to 6,700 barrels of oil per day, through a 72/64ths" choke;
Strong flowing wellhead pressures;
Condensate of one barrel per million cubic feet;
No CO2 or H2S impurities.
Aminex Chairman Brian Hall said:
"This is an excellent test result, in excess of our expectations, and will enable us to accelerate appraisal and commercialisation of the KN-1 discovery which was announced to shareholders in March. It further justifies our decision to go into the nearby Songo-Songo West area, a new PSA for which was announced on 2 June."
For further information:
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Brian Hall
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Aminex PLC London
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020 7291 3100
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Archie Berens
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Pelham PR London
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020 7743 6679
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ENDS
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