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Aminex Regulatory News (AEX)



Regulatory News for Aminex (AEX)


Share Price: 1.95Bid: 1.90Ask: 2.00Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.10Spread as %: 5.26%Open: 2.00High: 2.025Low: 1.90Yesterday’s Close: 1.95





NTORYA-1 DRILLING UPDATE - Replacement

Tue, 10th Jan 2012 10:31

RNS Number : 2848V
Aminex PLC
10 January 2012
 

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The following amendment has been made to the ' NTORYA-1 DRILLING UPDATE' announcement released on 10.01.12 at 7am under RNS No 2465V.

 

The release has been amended to read "Ntorya-1 is expected to reach total depth in late January 2012."

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

NTORYA-1 DRILLING UPDATE

 

 

 

Aminex PLC ('Aminex' or the 'Company') today announces an update on drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania. 

 

The well was spudded on the 22 December 2011 and after subsequent drilling, casing was set at 125 metres and again at 548 metres.  Following successful installation of the top drive to the rig the well is now drilling ahead at a depth of 620 metres.  The target interval of the well is approximately 1,800 to 1,900 metres depth.  Ntorya-1 is expected to reach total depth in late January 2012.

 

The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 14 kilometres to the north.  Aminex estimates that the Ntorya Prospect has a probability of success of around 20%, with mean recoverable resource potential of 100 million barrels of oil equivalent.

 

Partners in the well are:

 

Ndovu Resources Ltd (Aminex)                         56.25% (operator)

Tullow Tanzania B.V.                                          25%

Solo Oil plc                                                           18.75%

 

 

 

 

For further information:

 

Aminex PLC                                          +44 (0) 20 7291 3100

Stuard Detmer - CEO

 

M: Communications                           

Patrick d'Ancona                                 +44 (0) 20 7920 2347 or +44 (0) 7768 981 256

Chris McMahon                     +44 (0) 207 920 2358 or  +44 (0) 7703 045 103

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Related Shares: Aminex (AEX).




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