Business
Successful Gas Well at South
Successful Gas Well at South.
About this update from Aminex Plc
[{"type":"text","content":"\n RNS Number : 1252M Aminex PLC 23 January 2009 \n \n\n23 January 2009\n\nAMINEX PLC\n(\"Aminex\" or the \"Company\")\n\nSUCCESSFUL GAS WELL AT SOUTH WESLACO, TEXAS\n\n\nAminex, the oil and gas company listed in London and Dublin reports a successful drilling result on the SW-39 well at South Weslaco, Hidalgo County, Texas.\n\nSW-39 was spudded in December 2008 using the Pioneer Drilling Rig no.15. and has now achieved planned total depth of 8,750 feet (2,667 metres) in the Frio formation targeting principally the \"American\" and \"Turner\" sands.\n\nLogs indicate approximate net pay in excess of 60 feet (18 metres) in several gas-bearing sands with the potential of up to 90 feet (27 metres) in total. A completion string has been run and the well will be perforated and production-tested once pipeline access has been finalised.\n\nAminex USA, Inc., a wholly-owned subsidiary of the Company, holds a 25% interest in this well. Partners are Stalker Energy (49%), Activa Resources (25%) and Kaler Energy (operator of the well) (1%).\n\nSW-39 is the fifth well in the current programme and the first four are all on commercial production.\n\nAminex chairman Brian Hall commented: \"This is a very satisfactory result and a good start to our 2009 programme. SW-39 will be flow-tested and tied into the existing production facilities as soon as possible. The tight nature of the sands at South Weslaco means that fracture treatment cannot be ruled out in order to maximise production, as previously carried out successfully at SW-38.\"\n\nFor further information:\n\n \nBrian Hall Aminex +44 (0) 20 7291 3100\n\nArchie Berens Pelham PR +44 (0) 20 7743 6670\n\n\nEnds\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSEEFWESUSEDF\n ","length":3705,"tagName":"div"}]