Business
Operations Update
Operations Update.
About this update from Aminex Plc
[{"type":"text","content":"\n \nRNS Number : 1630B Aminex PLC 08 January 2018 \n\n8 January 2018\n \n \nAminex plc\n (\"Aminex\" or \"the Company\")\n \nOperations Update \nAminex is pleased to provide the following operations update on its assets in Tanzania. \nNtorya-3\nThe Company is actively engaged with the Tanzanian authorities and with third-party engineering firms on advanced well planning and drilling management for the Ntorya-3 well which it is committed to drill as soon as operationally possible. A tender process is in progress for a rig to drill Ntorya-3 as well as for other exploration and development drilling in the Ntorya gas field and potentially other assets which the Company operates in Tanzania. The anticipated spud date for Ntorya-3 will be announced once a rig has been secured.\nKiliwani North\nAt Kiliwani North, the Company advises that total gross production from the Kiliwani North-1 well in 2017 was approximately 3600 MMcf (3.6 Bcf). The well produced 95 MMcf of gas during the month of December, without intervention and due to natural pressure recharge, with flow at rates up to 9 MMcf/d. In order to maximise recovery from Kiliwani North-1, the Company and Tanzania Petroleum Development Corporation are working together on the installation of compression facilities.\nAminex is currently reprocessing existing seismic data over the Kiliwani North block and the adjoining Nyuni Area acreage close to the Songo Songo Island gas processing plant with the aim of identifying potential new drilling targets which could be brought on stream relatively quickly to supplement gas production from the existing Kiliwani North-1 well. \nIndependent Report and Development Licence\nWork is well advanced on the Company's independent evaluation report covering all its Tanzanian resources and this is on track to be completed in early 2018. The new report will supersede and update all previous reports on the Company's concessions in Tanzania, based on newly acquired data and the ongoing reinterpretation of technical data across all assets. \nPositive discussions are ongoing with the Tanzanian authorities to progress the outstanding Ntorya Development Licence application and shareholders will be updated as significant milestones are achieved.\nChange of Office\nAminex advises that it has changed it...