Aminex and partner Solo Oil hail spudding of second well at Ntorya
An appraisal well, Ntorya-2 is being drilled four years after Ntorya-1, the original exploration well, and 1500m away
Company
Aminex PLC
LON:AEX
Aminex PLC is an Africa-focused oil and gas company with near term production, development and high impact exploration. Fully funded to production, and with a new and experienced management team, Aminex has a world class asset base with proven large resource potential and a route to monetisation.
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Aminex and Solo prepare for Tanzania drilling
Around 1.5km from Ntorya-1, the second well will target 153bn cubic feet of gas.
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The plan is for the Ntorya-2 well to follow up the original Ntorya discovery well, and drilling starts in the coming weeks.
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Ntorya-2 is to be located some 1.5 kilometres from the original Ntorya discovery well, and it will be a decisive programme as Aminex seeks to confirm the high value discovery.
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Aminex on track in Tanzania
Drilling will begin late this quarter and is expected to take between 45 and 60 days.
Aminex says Tanzania drilling to get underway later this quarter
Aminex, which owns 75% of the Ruvuma acreage that is host potentially to significant accumulations of gas, sees Ntorya-2 as a low risk appraisal project.
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The operation in Tanzania could produce at around 4,500 barrels oil equivalent, based on data gathered to date
Solo Oil says optimal gas production expected soon
The operation in Tanzania could produce at around 4,500 barrels oil equivalent, based on data gathered to date, and Solo reckons this ramp up will be reached in the next few months.
Solo Oil says optimal gas production expected soon
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