Aminex says that Senergy (GB) Limited ('LR Senergy'), an independent oil and gas consultancy firm, has completed a technical evaluation on the resources of Kiliwani North Development Licence and Ruvuma PSA. The results of the report are summarised below:

Key Highlights

Kiliwani North Development Licence (58.5% Working Interest, Operated) •PMean Gas Initially in Place (GIIP) of 44 BCF (gross) of which 28 BCF (gross) booked as Contingent Resources (Best Estimate, 2C) •Company expects to book its first categorised reserves in Tanzania upon signing of a Gas Sales Agreement and commencement of production

Ruvuma PSA (75% Working Interest, Operated) •Total Pmean GIIP for discovered and undiscovered resources of 4.17 TCF (gross) •Ntorya 1 Discovery attributed 153 BCF Pmean GIIP (gross) of which 70 BCF (gross) booked as Contingent Resources (Best Estimate, 2C) •Four main drillable targets attributed 3 TCF PMean GIIP (gross) (Ntorya Updip, Likonde Updip, Namisange, Sudi) •Basin remains significantly underexplored according to international standards and it is likely that as further development occurs on the licence area additional leads will be identified and high graded to prospects

Tags: Aminex PLC