Aminex PLC
29 April 2008
29 APRIL 2008
AMINEX PLC
NW TANAN-1 WELL IN EGYPT IS SPUDDED
Aminex PLC ("Aminex") announces the spudding of the second exploration well in
its drilling programme on the West Esh El Mellaha ("WEEM-2") concession in the
onshore Gulf of Suez region, Egypt. The well is located on the NW Tanan
prospect and will be drilled to a proposed total depth of 2,620 metres (8,600
feet). This prospect is on trend with the Tanan-1 oil well, 3.1 kilometres to
the south east in the adjacent Lukoil-owned block operated by Eshpetco.
The well is being drilled on a seismically-defined tilted fault block. The
objective horizons include the Nukhul, Matulla and Nubian sands.
Aminex has a 10% beneficial interest in the WEEM-2 block, free carried by other
partners through to first commercial production. The well is operated by an
associated company, Aminex Petroleum Egypt Ltd. and is expected to reach total
depth in 25 days.
FOR FURTHER INFORMATION:
Brian Hall Chairman +44 20 7291 3100
Archie Berens Pelham PR +44 20 7743 6679
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.