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18 Aug 2009 07:00
AMINEX PLC
Egyptian well spudded
Aminex PLC ("Aminex" or the "Company"), the oil gas company listed on the London and Irish stock exchanges, announces the spudding of the South Malak-1 well on its 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 2,775 metres (9,100 feet), aimed at testing Miocene and Pre-Miocene sands in the Nukhul, Matulla and Nubian formations, as well as fractured basement. The prospect is a rifted 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-1 is the third well in 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 Brian Hall +44 20 7291 3100
Pelham PR Archie Berens +44 20 7337 1500
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