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Aminex gets govt approval for Tanzanian farm-in


Published Feb 25, 2011
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Aminex's Kiliwani North-1 well tests gas 40 million cubic feet/day

Aminex has now received formal approval from the Tanzanian Ministry of Energy and Minerals to acquire an additional 15% working interest from Key Petroleum Ltd. (Key) in the Nyuni East Songo-Songo Production Sharing Agreement (Nyuni PSA) offshore Tanzania. The agreement with Key was announced on 4 February 2011 and was subject only to this single condition.

Aminex is acquiring the additional 15% interest through undertaking to pay 20% of the costs of drilling the Nyuni-2 well, due to be spudded in April this year. After the farm-in, Aminex (operator) will have a 65% interest in the Nyuni PSA, held through its wholly-owned subsidiary Ndovu Resources Ltd., including existing gas discoveries.

Other interests in the Nyuni PSA will be: RAK Gas Commission 25%, Key 5% and Bounty Oil & Gas Pty Ltd. 5%.

Tags: Aminex PLC



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