tanzania, page-28

Interesting development in regards to the West Songo Songo licence. The following is from Aminex's latest update announced this evening.

West Songo Songo PSA ('WSS')

WSS is operated by Key Petroleum in 50-50 partnership with Ndovu. This PSA adjoins the Nyuni PSA and was awarded to Key Petroleum as operator, with Ndovu as its non-operating partner, in 2008. Although several prospects have been identified at WSS, the operator is well behind schedule with its work and Aminex has recorded its dissatisfaction with progress. Additionally, the prospects which have been identified cannot be drilled from land, so a marine drilling unit such as a jack-up rig is required. As there is no such rig currently operating on the entire east coast of Africa, this would require a very costly and complex mobilisation. Accordingly, Aminex is considering its position as a member of the WSS joint venture, which it may replace with other more attractive opportunities.

There is more on Nyuni & Kiliwani, see the following announcement:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10962978