Aminex PLC
29 April 2008
29 APRIL 2008
AMINEX PLC
NW TANAN-1 WELL IN EGYPT IS SPUDDED
Aminex PLC ("Aminex") announces the spudding of the second exploration well in
its drilling programme on the West Esh El Mellaha ("WEEM-2") concession in the
onshore Gulf of Suez region, Egypt. The well is located on the NW Tanan
prospect and will be drilled to a proposed total depth of 2,620 metres (8,600
feet). This prospect is on trend with the Tanan-1 oil well, 3.1 kilometres to
the south east in the adjacent Lukoil-owned block operated by Eshpetco.
The well is being drilled on a seismically-defined tilted fault block. The
objective horizons include the Nukhul, Matulla and Nubian sands.
Aminex has a 10% beneficial interest in the WEEM-2 block, free carried by other
partners through to first commercial production. The well is operated by an
associated company, Aminex Petroleum Egypt Ltd. and is expected to reach total
depth in 25 days.
FOR FURTHER INFORMATION:
Brian Hall Chairman +44 20 7291 3100
Archie Berens Pelham PR +44 20 7743 6679
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