Result Of Well Test

RNS Number : 9422V

Aminex PLC

04 June 2008

 



4 JUNE 2008

AMINEX PLC

RESULT OF WELL TEST

Kiliwani North-1 well tests gas 40 million cubic feet/day

Aminex PLC, the oil and gas company listed in London and Dublin ("Aminex" or the "Company") announces a successful well test at the Kiliwani North-1 well in Tanzania.  

Initial results from the test have established:

• A strong stabilised flow of gas at a rate of 40 million cubic feet/day, equivalent to 6,700 barrels of oil per day, through a 72/64ths" choke;

• Strong flowing wellhead pressures;

• Condensate of one barrel per million cubic feet; 

• No CO2 or H2S impurities.

Aminex Chairman Brian Hall said:  

"This is an excellent test result, in excess of our expectations, and will enable us to accelerate appraisal and commercialisation of the KN-1 discovery which was announced to shareholders in March.  It further justifies our decision to go into the nearby Songo-Songo West area, a new PSA for which was announced on 2 June."

For further information:

Brian Hall	Aminex PLC    London	020 7291 3100
Archie Berens	Pelham PR       London	020 7743 6679

ENDS

 

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