Aminex moves forward with drilling operations in Tanzania

LONDON -- Aminex has provided the following update on its operations in Tanzania.

Ruvuma PSA

The tendering process for a rig to drill Chikumbi-1 (CH-1) is now complete and the Company has received numerous bids. These bids are being evaluated on their technical and commercial merits. CH-1 is located updip from both the Ntorya-1 discovery well, which tested at rates of up to 20 MMcfd with 139 Bbbl of condensate, and from the Ntorya-2 well which tested at a stabilised rate of approximately 17 MMcfd. The well is expected to delineate the Ntorya gas field in a significantly thicker section of the Cretaceous reservoir system and is also being planned to evaluate a potential deeper exploration target in the Jurassic formation. If successful, CH-1 is expected to be produced into the existing Madimba Gas Processing Plant and ultimately integrated into a full field development program.

Kiliwani North-1

Pressure at the Kiliwani North-1 well has sufficiently built up, and the company continues to work with all parties to stimulate the production as soon as possible.