Independent evaluation report on track, says Aminex
Source - SMW
Aminex said an independent evaluation report covering all its Tanzanian resources was on track for completion early this year.
It said the new report would supersede and update all previous reports on the company's concessions in Tanzania, based on newly acquired data and the ongoing reinterpretation of technical data across all assets.
Aminex also said positive discussions were ongoing with the Tanzanian authorities to progress the outstanding Ntorya development licence application and shareholders would be updated as significant milestones were achieved.
The company said it was actively engaged with the Tanzanian authorities and with third-party engineering firms on advanced well planning and drilling management for the Ntorya-3 well which it was committed to drill as soon as operationally possible.
Aminex said a tender process was in progress for a rig to drill Ntorya-3 as well as for other exploration and development drilling in the Ntorya gas field and potentially other assets which the Company operated in Tanzania.
It said the anticipated spud date for Ntorya-3 would be announced once a rig had been secured.
At Kiliwani North, the company said that total gross production from the Kiliwani North-1 well in 2017 was approximately 3600 MMcf (3.6 Bcf).
The well produced 95 MMcf of gas during the month of December, without intervention and due to natural pressure recharge, with flow at rates up to 9 MMcf/d.
In order to maximise recovery from Kiliwani North-1, the company and Tanzania Petroleum Development Corporation are working together on the installation of compression facilities.
Aminex is currently reprocessing existing seismic data over the Kiliwani North block and the adjoining Nyuni Area acreage close to the Songo Songo Island gas processing plant with the aim of identifying potential new drilling targets which could be brought on stream relatively quickly to supplement gas production from the existing Kiliwani North-1 well.
Aminex also said it had changed its London representative office to Kings Buildings, 16 Smith Square, London SW1P 3JJ with immediate effect.
At 9:55am: (LON:AEX) Aminex PLC share price was +0.05p at 3.15p