Aminex PLC
14 January 2008
AMINEX PLC
TEXAS DRILLING UPDATE
14 January 2008
Aminex PLC, the oil and gas company listed in London and Dublin ("Aminex" or the
"Company") provides the following progress report on the GU#38 well at South
Weslaco, Hidalgo County, Texas.
GU#38 was spudded on 23 December 2007 and achieved planned total depth of 11,000
feet (3,352 metres) on 9 January in deep Frio sands which had not been reached
by the three previous wells drilled in the current programme. Drilling was
achieved in 16 days, well ahead of the target drilling time of 25-30 days.
Logs give strong indications of several potentially gas-bearing zones. Casing is
currently being set and preparations made for testing and for possible
fracturing of the deepest zone if necessary.
Aminex USA, Inc., a wholly-owned subsidiary of the Company, holds a 25% interest
in this well. Partners are Stalker Energy (49%), Activa Resources (25%) and
Kaler Energy (operator of the well) (1%).
Upon completion of GU #38, the joint venture will commence drilling GU#39, the
next well in the programme, which will test even deeper prospective formations.
For further information:
Brian Hall Aminex +44 (0) 20 7291 3100
Alisdair Haythornthwaite Pelham PR +44 (0) 20 7743 6670
Ends
This information is provided by RNS
The company news service from the London Stock Exchange