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african drills

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    Found this on the Aminex site dated August 14

    Drilling Update

    Aminex PLC, the oil and gas company listed in London and Dublin, today makes the following progress announcement on its forthcoming drilling operations in Tanzania.

    Dafora’s F200 rig, contracted for drilling operations, has now been shipped from Romania and successfully unloaded on Nyuni Island, offshore Tanzania, where it is currently being rigged up. Drilling operations will commence imminently and the first well, Nyuni #1, is estimated to take approximately 3 months to reach total depth of around 3010 metres subsea. The main objective of the well is to test the hydrocarbon potential of the Lower Cretaceous sandstones below 2350 meters subsea. After the Nyuni #1 well is finished the rig will be moved to the nearby Okuza Island where a second well, Okuza #1, will be drilled to test a separate structure.

    The 2,600 square kilometre Nyuni licence, operated by Aminex’s 100% subsidiary Ndovu Resources Ltd., is adjacent to the Songo Songo gas field which is due to produce gas in 2004 through a new, internationally financed, common-user pipeline system, currently under construction. In the event of a gas discovery, capacity in this pipeline will be available to Aminex and partners.

    Aminex also holds a technical evaluation licence for the onshore Ruvuma concession in southern Tanzania and expects to complete a Production Sharing Agreement for this acreage shortly.

    Aminex Chief Executive Brian Hall commented yesterday:

    “The start of drilling operations will be a significant moment for Aminex and a milestone in the exploration of offshore Tanzania which we consider to be an emerging oil and gas province with great potential.”

    For further information:

    Aminex plc - Brian Hall Chief Executive - Tel:+44 (0)20 7240 1600
    Ndovu Resources ­ Didier Murcia ­ +61(0)409 322620
    College Hill - James Henderson - Tel:+44 (0)20 7457 2020
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