29th Apr 2008 09:00
Aminex PLC29 April 2008 29 APRIL 2008 AMINEX PLC NW TANAN-1 WELL IN EGYPT IS SPUDDED Aminex PLC ("Aminex") announces the spudding of the second exploration well inits drilling programme on the West Esh El Mellaha ("WEEM-2") concession in theonshore Gulf of Suez region, Egypt. The well is located on the NW Tananprospect and will be drilled to a proposed total depth of 2,620 metres (8,600feet). This prospect is on trend with the Tanan-1 oil well, 3.1 kilometres tothe south east in the adjacent Lukoil-owned block operated by Eshpetco. The well is being drilled on a seismically-defined tilted fault block. Theobjective horizons include the Nukhul, Matulla and Nubian sands. Aminex has a 10% beneficial interest in the WEEM-2 block, free carried by otherpartners through to first commercial production. The well is operated by anassociated company, Aminex Petroleum Egypt Ltd. and is expected to reach totaldepth in 25 days. FOR FURTHER INFORMATION: Brian Hall Chairman +44 20 7291 3100 Archie Berens Pelham PR +44 20 7743 6679 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aminex