Nyuni-2 Well Update

RNS Number : 0780N

Aminex PLC

26 August 2011

 



AMINEX PLC

NYUNI-2 WELL UPDATE

Aminex PLC ("Aminex" or the "Company") provides this progress report on the Nyuni-2 exploration well, currently being drilled from Nyuni Island off the coast of Tanzania in the Indian Ocean.

Nyuni-2 was spudded on 17 June using the Caroil Rig-6, to target Lower Cretaceous age Neocomian sandstones, similar to those found in Aminex's nearby Kiliwani North gas field and in the producing Songo-Songo gas field.  The well is being drilled from a pad on Nyuni Island at an angle of 30 degrees from vertical, to target a bottom hole location approximately 1,200 metres SE of the surface location.  Planned measured total depth is 3,325 metres from the rotary table on the rig.

With the exception of an 8 day period when the rig was shut down due to a requirement to replace damaged equipment, drilling operations have made satisfactory progress to date and 9 ⅝" casing is now being run to the current total measured depth of 2,945 metres.  Once the well has been safely cased to this point, drilling will resume towards its target.  The result of the well will be announced at the earliest opportunity.

For further information:

Aminex PLC                                        [phone]

Brian Hall - Chairman

Pelham Bell Pottinger                   [phone] or [phone]

Archie Berens

 

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