Aminex PLC is pleased to announce that its application for an Appraisal Licence at its Ntorya-1 discovery well in Tanzania has been approved for gazettal by the Tanzanian authorities.

IN 2012, Ntorya-1 successfully tested gas at a rate of 20 million cubic feet per day (equivalent to more than 3,000 barrels of oil per day) and 139 barrels per day of 53ºAPI condensate, thought to be a higher percentage of liquid hydrocarbons than has been encountered in any other well drilled in Tanzania, onshore or offshore, to date.

Ntorya-1 was drilled in the Ruvuma Production Sharing Agreement area ("Ruvuma PSA") and was the second well in the programme. An independent estimate of gas discovered by this single well was 178 billion cubic feet ("BCF") in place, which Aminex considers to represent a contingent (recoverable) resource of 134 BCF (equivalent to over 20 million barrels of oil).

Tags: Aminex PLC