Aminex provides update on Kiliwani-1 well

Aminex PLC provides an update on the Kiliwani-1 well on the Nyuni / East Songo-Songo licence offshore Tanzania.

A 12-1/4” directional pilot hole has now been drilled to 1,322 metres measured depth (1,147 metres true vertical depth) and the hole is currently being opened from 12-1/4” to 17-1/2” at a depth of 590 metres in preparation for running 13-3/8” surface casing. The well is proceeding satisfactorily on schedule and the target drilled depth is approximately 2,500 metres.

Contrary to reports, but as expected by Aminex, the well has not so far encountered any significant hydrocarbon shows. At this stage, it is far too early to make any prognosis on the outcome of the well. Further reports will be provided as soon as it is appropriate to do so.

The Kiliwani-1 well is being operated by Aminex’s wholly-owned subsidiary Ndovu Resources Ltd. on behalf of a five company consortium.