Aminex Says South Malak-2 Declared Discovery Well In Egypt

Mon, 09th Mar 2015 13:36

LONDON (Alliance News) - Aminex PLC on Monday said the Egyptian Ministry of Petroleum has declared the South Malak-2 well at the West Esh el Mellaha-2 concession in the country a discovery well.

Tests on the well showed production flow rates of around 430 barrels per day.

Aminex has a 10% effective interest in the West Esh el Mellaha concession through its shareholding in Aminex Petroleum Egypt Ltd. It has a 12.5% stake in the company, which has an 80% stake in the concession.

Shares in Aminex were up 2.7% to 2.08 pence on Monday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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