Aminex has today provided an update on their developments. Below...

Aminex has today provided an update on their developments. Below are the details of where things are up to in Tanzania.

Maurel & Prom also announced last week that they are to drill a new well in Tanzania in August '09.

EAST AFRICA

Nyuni Licence, offshore Tanzania:

An Appraisal Location has been agreed with the Tanzanian authorities and a contract for new seismic survey has now been signed with BGP of China for acquiring further data on and around Songo-Songo Island for better definition of the Kiliwani North discovery which tested gas at 40 million cubic feet/day in June 2008. This survey is due to be completed within three months. Discussions for terms of the commercialisation of Kiliwani North gas are taking place at present in Tanzania and further exploration work is at the planning stage for the other prospects identified in the Nyuni licence area. The complexities and costs of early test production are such that it is probable that the Kiliwani North discovery will aim straight for full commercial development.

An Aminex subsidiary operates this licence with a 40% interest.

Ruvuma Licences, southern Tanzania:

The first well to be drilled on the Ruvuma licences, Mikindani-1, is likely to be spudded late in the third quarter/early in the fourth quarter of 2009. Site preparations are well-advanced although no rig has yet been contracted. Mikindani-1 is primarily an oil prospect rather than gas. Aminex is actively seeking a farm-in partner to defray its share of drilling costs on Mikindani-1.

The Ruvuma River is the border between Tanzania and Mozambique to the south. On the Mozambique side all prospective acreage is licensed and there are preparations in hand for several separate drilling campaigns. The Aminex-Tullow joint venture holds the principal onshore acreage on the Tanzanian side of the river.

Aminex has a 50% interest in these licences which are operated by Tullow Oil.


West Songo-Songo, Tanzania:

Seismic and exploration drilling is planned over the next two years.

Aminex has a 50% interest in this licence which is operated by Key Petroleum