New Well Spudded in USA

RNS Number : 1011Y

Aminex PLC

02 July 2008

 



2 JULY 2008

AMINEX PLC

NEW WELL SPUDDED AT ALTA LOMA, TEXAS

Aminex PLC ("Aminex" or the "Company") announces the spudding of the Sunny Ernst-2 well ("SE-2") on its Alta Loma permit in Galveston County, Texas.

The Nabors-2 rig, owned by the Nabors Drilling USA Inc., has been mobilised and has now commenced drilling a deep exploration well at Alta-Loma.

This well will test deep gas prospects with key objectives in the proven "S" sand, the Upper and Lower Andrau sands and the Tacquard sand with a target depth of 15,200 feet (approximately 4,630 metres).  Drilling is anticipated to take 60 days.

Aminex already produces gas from a different prospect in the adjoining Sunny-Ernst-1 well. The Company has a 37.5% working interest in SE-2 and partners are: El Paso Corporation, Activa Resources (25%) and McFuel Corporation (12.5%).  The well is operated by Coronado Energy E & P, a subsidiary of El Paso Corporation.  

Further updates will be provided when significant information becomes available.

Commenting on the announcement Aminex chairman Brian Hall said: "This is the first major new exploration well we have drilled in the USA for some time and is part of the busy exploration programme for which Aminex raised new funds in 2007".

Further information -

Brian Hall                Aminex               London           020 7291 3100

Archie Berens        Pelham PR        London            020 7743 6679

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