Aminex PLC
06 December 2007
FOR IMMEDIATE RELEASE
6 DECEMBER 2007
AMINEX PLC
KILIWANI-1 WELL UPDATE
Aminex PLC, the London and Dublin listed oil and gas company, ("Aminex" or the
"Company") today provides an update on the Kiliwani-1 well on the Nyuni / East
Songo-Songo licence offshore Tanzania.
A 12-1/4" directional pilot hole has now been drilled to 1,322 metres measured
depth (1,147 metres true vertical depth) and the hole is currently being opened
from 12-1/4" to 17-1/2" at a depth of 590 metres in preparation for running 13-
3/8" surface casing. The well is proceeding satisfactorily on schedule and the
target drilled depth is approximately 2,500 metres.
Contrary to reports, but as expected by Aminex, the well has not so far
encountered any significant hydrocarbon shows. At this stage, it is far too
early to make any prognosis on the outcome of the well. Further reports will be
provided as soon as it is appropriate to do so.
The Kiliwani-1 well is being operated by Aminex's wholly-owned subsidiary Ndovu
Resources Ltd. on behalf of a five company consortium. Joint venture partners
are:
Ndovu Resources Ltd. (Aminex) 39% (operator)
RAK Gas Commission 25%
Key Petroleum Ltd. 20%
East African Exploration Ltd. 10%
Bounty Oil & Gas NL 6%
For further information:
Brian Hall Aminex +44 20 7291 3100
Archie Berens Pelham PR +44 20 7743 6679
This information is provided by RNS
The company news service from the London Stock Exchange