Successful Well Result

Aminex PLC
23 August 2000

                 SUCCESSFUL WELL RESULT ON THE KIRTAYEL FIELD

Aminex PLC ('Aminex'), the oil and gas company listed on the London and Dublin
Stock  Exchanges  announces the successful completion  of  well  K-08  on  the
Kirtayel Field in the Komi Republic, Russia.

Well  K-08,  originally  drilled in the 1980's  as  an  exploration  well  and
subsequently abandoned, was re-entered, repaired and brought on to  production
by  Aminex's  AmKomi  subsidiary using Aminex's Corsair  rig.   The  well  was
perforated  on  Saturday  19  August 2000 and,  during  clean-up,  achieved  a
production  rate equivalent to 1,200 barrels of dry oil per  day  on  a  9  mm
(22/64ths') choke and a tubing head pressure of 55 atmospheres.  The well  has
now  been  connected to AmKomi's production and export facilities at  Kirtayel
and  is currently producing at approximately 400 barrels dry oil per day on  a
restricted  7  mm  (18/64ths')  choke  and  a  tubing  head  pressure  of   60
atmospheres.

AmKomi's first development well drilled on Kirtayel and announced earlier this
year,  K-236,  has  produced  continuously since its  connection  to  AmKomi's
production  facilities  during  July.  Well K-236  has  produced  over  25,000
barrels  of  dry oil and is currently producing at a restricted  rate  of  750
barrels  per  day.  Production is transported from the field by  pipeline  for
sale on the export market.

Well K-232 is currently being drilled as a development well at Kirtayel with a
target depth of 2,770 metres and is planned for completion in September.

The  Kirtayel  Field is licensed to and operated by AmKomi, a Russian  company
owned 55% by Aminex, 35% by the Government of Komi and 10% by a subsidiary  of
Lukoil.

Commenting  on the well announcement, Aminex Chief Executive Brian Hall  said:
'Our  Kirtayel development programme is moving ahead positively and  making  a
material contribution to group production.'

For further information:
Brian Hall, Aminex PLC
[phone]
Greg Quine, Financial Dynamics
[phone]

www.aminex-plc.com