Separately in Tanzania, Aminex said it has agreed "commercialisation" terms for the production of gas at its Kiliwani North discovery -- even though the company said it is not yet ready to say how big the find is. The original discovery well flow tested 40 million cubic feet per day of gas, equivalent to some 6,000 barrels of oil per day.
Hi reganbaha, interesting to read the above; it is important to remember that we potentially have something pretty special here...
I have just sent an email to Aminex to try and clarify a few points in relation to KN1. The mixed messages between AEX, KEY and BUY got the better of me.. Dont hold out a heap of hope as I think they will be doing a presentation on Wednesday (UK time) and probably will keep the powder dry for that one...
It is a great discovery and it is a pity we really dont have the clarity on it we would like.
KEY Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held