Aminex Making Progress with Nyuni-1 Offshore Tanzania

Aminex says the Nyuni-1 exploration well, spudded last month has made good progress to date. The third surface casing, 18-5/8", has been set at 450 meters subsea and the drilling crew is currently installing full blowout prevention equipment prior to drilling the next section of the well. The next casing, 13-5/8", is planned to be run to approximately 633 meters subsea, immediately above the well's secondary target in the Eocene formation.

The primary target for this well is the Neocomian formation, which is the reservoir formation in the adjacent Songo Songo gas field. This formation is expected to be encountered at approximately 2,350 meters subsea. The secondary shallower targets include Tertiary Eocene sandstones and limestones. Total depth of the well is planned to be approximately 3,000 meters subsea and is expected to be reached in December.

Nyuni-1 is the first of two sequential wells being drilled on the Nyuni offshore license using an F200 land rig owned by Dafora Drilling of Romania and operating from small islands. The second well, Okuza-1, will test a separate but adjacent structure and will be drilled from Okuza Island.

The operator is Ndovu Resources Ltd., a wholly-owned subsidiary of Aminex PLC. Partners in the drilling program are Bounty Oil & Gas NL and Petrom SA.

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