Business
Spudding Of 2nd Egypt Well
Spudding Of 2nd Egypt Well.
About this update from Aminex Plc
[{"type":"text","content":"\n Aminex PLC\n29 April 2008\n\n\n29 APRIL 2008\n\n AMINEX PLC\n\n NW TANAN-1 WELL IN EGYPT IS SPUDDED\n\nAminex PLC (\"Aminex\") announces the spudding of the second exploration well in\nits drilling programme on the West Esh El Mellaha (\"WEEM-2\") concession in the\nonshore Gulf of Suez region, Egypt. The well is located on the NW Tanan\nprospect and will be drilled to a proposed total depth of 2,620 metres (8,600\nfeet). This prospect is on trend with the Tanan-1 oil well, 3.1 kilometres to\nthe south east in the adjacent Lukoil-owned block operated by Eshpetco.\n\nThe well is being drilled on a seismically-defined tilted fault block. The\nobjective horizons include the Nukhul, Matulla and Nubian sands.\n\nAminex has a 10% beneficial interest in the WEEM-2 block, free carried by other\npartners through to first commercial production. The well is operated by an\nassociated company, Aminex Petroleum Egypt Ltd. and is expected to reach total\ndepth in 25 days.\n\n\nFOR FURTHER INFORMATION:\n\n\nBrian Hall Chairman +44 20 7291 3100\n\nArchie Berens Pelham PR +44 20 7743 6679\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":1306,"tagName":"div"}]