South Malak-1 Well to be Test

RNS Number : 3986B

Aminex PLC

27 October 2009

 



27 October 2009

SOUTH MALAK-1 WELL TO BE TESTED

Aminex PLC ("Aminex") announces that the South Malak -1 well in the West Esh El Mellaha PSC area, onshore Gulf of Suez, Egypt, has now been drilled to a total depth of 11,200 feet. Oil shows were encountered in Pre-Miocene Matulla sand stringers from 10,858 to 10,900 feet and high gas readings were encountered from 10,300 feet through to total depth. The well has now been logged from the base of the last cased section, at 2,725 feet, down to total depth. 

The hydrocarbon shows encountered, together with log analysis, support a testing programme in four potential zones. The well will be cased to 11,030 feet leaving the bottom 170 feet uncased in order to conduct an open hole test of possible fractured Granite Wash and Basalt. The remaining proposed tests will be conducted over the cased portion of the well.

The testing programme will commence once casing and cementing have been completed which are estimated to take several days. Aminex has a 10% carried interest in South Malak-1 through its shareholding in Aminex Petroleum Egypt Ltd.

A further announcement will be made once the testing programme has been completed.

For further information:

Aminex PLC	44 (0) 20 7291 3100
Brian Hall - Chairman
Pelham Public Relations	[phone] or [phone]
Archie Berens

 

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