Omni Update 01/02/2010 Volume upgrade at NyuniHaving discovered...

Omni Update 01/02/2010

Volume upgrade at Nyuni
Having discovered gas at Kiliwani North in 2008 and eeprocessed infill seismic data acquired last summer over the Nyuni licence, the company is currently looking to upgrade resource estimates with results of a review expected in February. Likely prospective resource levels are between 20bcf and 50bcf and interpretation of the data is expected also to lead to the identification of prospects for drilling two further wells at the end of the year.
Aminex is actively seeking a farm-out partner to manage its risks and costs, and looking to move forward quickly since the second extension period of the licence expires in 2011, requiring two exploration wells to be drilled by then.
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- So between 20 and 50bcf, this could be light on but I will be happy with 30bcf plus.
- 2 wells by mid 2011. One pencilled in this year based on Aminex presentation.
- Partner...