Egyptian Well Spudded

RNS Number : 5838X

Aminex PLC

18 August 2009

 



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                    [phone]

Pelham PR        Archie Berens             [phone]

 

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