Aminex PLC
16 November 2007
FOR IMMEDIATE RELEASE
16 November 2007
AMINEX PLC
KILIWANI-1 WELL SPUD
Aminex PLC, the London and Dublin listed oil and gas company, ("Aminex" or the
"Company") today announces the spudding of the Kiliwani-1 well on the Nyuni/East
Songo-Songo licence offshore Tanzania. The well was spudded at 1830 local time
in Tanzania on 15 November.
The 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%
Kiliwani-1 will be drilled from the small island of Kiliwani, approximately one
kilometre to the south-east of Songo-Songo Island and accessible from
Songo-Songo via a causeway. It is 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.
A map showing the exact location of the well is available with this announcement
on Aminex's website at www.aminex-plc.com.
Mobilisation to the well site on Kiliwani Island and rig up, originally
estimated to take approximately 2-3 weeks, have been successfully completed in
12 days.
Progress reports on the drilling will be released when appropriate.
For further information:
Brian Hall Aminex +44 20 7291 3100
Archie Berens Pelham PR +44 20 7743 6679
To view maps showing the location of the Kiliwani-1 well click on the following
link:
http://www.rns-pdf.londonstockexchange.com/rns/8579h_-2007-11-15.pdf
This information is provided by RNS
The company news service from the London Stock Exchange