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21 Jun 2012 13:15
Ntorya-1 Testing Update
Aminex PLC ('Aminex' or the 'Company'), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces an update on plans for testing the gas discovery made in the Ntorya-1 well in the Ruvuma Basin onshore in southern Tanzania.
As previously reported by Aminex on 27th February 2012, a gas discovery has been made in a 25 metre (80 foot) gross Cretaceous sandstone interval between 2,663 metres and 2,688 metres. This interval will be tested to establish the level of production that can be obtained.
The testing equipment has been set up on site and the upper 3.5 metres of net pay sand has been perforated. After an initial clean-up flow, during which gas was flowed to surface in order to clean the well, the well has been shut-in to install pressure gauges. The main flow test is expected to commence tomorrow and to take approximately four days to complete. Results will be announced following completion of the flow test.
Participants in the Ruvuma PSA are: Ndovu Resources Ltd (Aminex) 75% (operator) Solo Oil Plc 25%.
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
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