Aminex Awarded Extension for Offshore Tanzania Prospect

Aminex PLC, the oil and gas company listed in London and Dublin, reports the grant of a six-month extension to the current phase of its Nyuni/East Songo-Songo exploration license offshore Tanzania. The two well drilling program planned for 2007 was due to be completed by the end of the current phase in November but has been delayed due to mechanical hold-ups with the current contractorís drilling rig, as previously advised to shareholders. The Tanzanian Minister of Energy and Mines has now granted a formal extension of the Groupís commitment period to 19 May 2008.

Commenting on the extension, Aminex Chairman Brian Hall said:

"As in the past, the Tanzanian authorities have been extremely helpful and co-operative in resolving an issue which has arisen due to circumstances outside our control. We are very grateful for their continued support. Subject to unforeseen circumstances, we plan to have completed this drilling program well within the six month extension period."

The Nyuni partners are:

Ndovu Resources Ltd. (operator)	39%(wholly-owned by Aminex)
Key Petroleum Ltd.	20%
RAK Gas Commission	25%
East Africa Exploration Ltd.	10%
Bounty Oil & Gas Ltd.	6% 

Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours