Aminex provides Tanzania exploration update

Aminex Plc, a public limited company incorporated in Ireland, provides the update on its Tanzanian exploration activities.

The company encountered a 60 metre gross gas column in Lower Cretaceous sands on Kiliwani North-1, after drilling two wells back-to-back.

The company has acquired the new seismic during the second period of the Nyuni/East Songo-Songo Production Sharing Agreement.

A 20 metre interval was perforated and was later successfully production-tested.

This well test recorded a flow rate of 40 million cubic feet/day which, together with other data recorded and subsequent lab analysis, satisfies Aminex that the Kiliwani North (“KN”) discovery will result in the development of a commercially viable gas field.