Business
Texas Drilling Update
Texas Drilling Update.
About this update from Aminex Plc
[{"type":"text","content":"\n Aminex PLC\n14 January 2008\n\n AMINEX PLC\n\n\n TEXAS DRILLING UPDATE\n\n\n 14 January 2008\n\n\n\nAminex PLC, the oil and gas company listed in London and Dublin (\"Aminex\" or the\n\"Company\") provides the following progress report on the GU#38 well at South\nWeslaco, Hidalgo County, Texas.\n\n\nGU#38 was spudded on 23 December 2007 and achieved planned total depth of 11,000\nfeet (3,352 metres) on 9 January in deep Frio sands which had not been reached\nby the three previous wells drilled in the current programme. Drilling was\nachieved in 16 days, well ahead of the target drilling time of 25-30 days.\n\n\nLogs give strong indications of several potentially gas-bearing zones. Casing is\ncurrently being set and preparations made for testing and for possible\nfracturing of the deepest zone if necessary.\n\n\nAminex USA, Inc., a wholly-owned subsidiary of the Company, holds a 25% interest\nin this well. Partners are Stalker Energy (49%), Activa Resources (25%) and\nKaler Energy (operator of the well) (1%).\n\n\nUpon completion of GU #38, the joint venture will commence drilling GU#39, the\nnext well in the programme, which will test even deeper prospective formations.\n\n\n\nFor further information:\n\n\nBrian Hall Aminex +44 (0) 20 7291 3100\n\nAlisdair Haythornthwaite Pelham PR +44 (0) 20 7743 6670\n\n\n\n\n\nEnds\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":1569,"tagName":"div"}]