Aminex PLC
05 November 2007
5 NOVEMBER 2007
AMINEX PLC
DELIVERY OF RIG
Aminex PLC, the oil and Gas company listed in Dublin and London ("Aminex" or the
"Company") announces that it took delivery of the Caroil Rig-6 drilling unit at
midnight on 2 November 2007.
The Caroil Rig-6 was handed over to Aminex's wholly-owned subsidiary Ndovu
Resources Ltd., operator for a five company consortium which will drill
Kiliwane-1, the first of two back to back wells on the Nyuni/East Songo-Songo
licence offshore Tanzania in the Rufiji River delta. The rig, which has been
substantially upgraded to meet the Company's requirements since it signed a
drilling contract with Caroil SA in April this year, has recently drilled a
successful development well in the neighbouring Songo-Songo gas field operated
by Pan-African Tanzania Ltd.
Kiliwane-1 will be drilled from the islet of Kiliwane lying approximately one
kilometre to the south-east of Songo-Songo Island and accessible from
Songo-Songo via a causeway. It will be a directional well with the selected
bottom hole location approximately 1,200 metres from the surface location.
Drilled depth is planned to be approximately 2,500 metres and the target
location is designed to test lower cretaceous sand stones which are the
reservoirs at the Songo-Songo producing gas field.
Mobilisation to the well site and rig up is estimated to take approximately 2-3
weeks and a further announcement will be made when the well has been spudded.
Partners are:
Ndovu Resources Ltd. (Aminex) 39% (operator)
RAK Gas Commission 25%
Key Petroleum Ltd. 20%
East African Exploration Ltd. 10%
Bounty Oil 6%
Further information:
Brian Hall Aminex PLC +44 (0) 20 7291 3100
Archie Berens Pelham Public Relations +44 (0) 20 7743 6679 or
+44 (0)7802 442486
This information is provided by RNS
The company news service from the London Stock Exchange
