16th Nov 2007 07:01
Aminex PLC16 November 2007 FOR IMMEDIATE RELEASE 16 November 2007 AMINEX PLC KILIWANI-1 WELL SPUD Aminex PLC, the London and Dublin listed oil and gas company, ("Aminex" or the"Company") today announces the spudding of the Kiliwani-1 well on the Nyuni/EastSongo-Songo licence offshore Tanzania. The well was spudded at 1830 local timein Tanzania on 15 November. The well is being operated by Aminex's wholly-owned subsidiary Ndovu ResourcesLtd. on behalf of a five company consortium. Joint venture partners are: Ndovu Resources Ltd. (Aminex) 39% (operator)RAK Gas Commission 25%Key Petroleum Ltd. 20%East African Exploration Ltd. 10%Bounty Oil & Gas NL 6% Kiliwani-1 will be drilled from the small island of Kiliwani, approximately onekilometre to the south-east of Songo-Songo Island and accessible fromSongo-Songo via a causeway. It is 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. A map showing the exact location of the well is available with this announcementon Aminex's website at www.aminex-plc.com. Mobilisation to the well site on Kiliwani Island and rig up, originallyestimated to take approximately 2-3 weeks, have been successfully completed in12 days. Progress reports on the drilling will be released when appropriate. For further information: Brian Hall Aminex +44 20 7291 3100 Archie Berens Pelham PR +44 20 7743 6679 To view maps showing the location of the Kiliwani-1 well click on the following link: http://www.rns-pdf.londonstockexchange.com/rns/8579h_-2007-11-15.pdf This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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