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18 Aug 2009 07:00
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AMINEX PLC
Egyptian well spudded
Aminex PLC ("Aminex" or the "Company"), the oil gas company listed on the London and Irish stock exchanges,Β announcesΒ theΒ spudding of the South Malak-1 wellΒ on itsΒ West Esh el Mellaha ("WEEM-2") permit in the onshore Gulf of Suez area of Egypt.
South Malak-1 will be a vertical well and planned total depth is 2,775Β metres (9,100 feet), aimed atΒ testingΒ Miocene andΒ Pre-Miocene sands in the Nukhul, Matulla and Nubian formations, as well as fractured basement. The prospect is a riftedΒ fault block structural trap.
The well is being drilled using the Shengly-Bohai ZJ-46 rig which drilled earlier wells on this concession and it is estimated that TD will be reached in approximately three weeks time.
South Malak-1Β is the third well inΒ a three-well programme due to be completed this year. Aminex has a 10% beneficial, carried interest in this well through its shareholding in Aminex Petroleum Egypt Ltd.
For further information:
Aminex BrianΒ Hall +44 20 7291 3100
Pelham PR Archie Berens +44 20 7337 1500
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