Ndovu Drills Ahead at Tanzania Ruvuma Basin

Aminex PLC announced a further update on drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania.

The well was spudded on the December 22, 2011 and has been drilled to 5,036 feet (1,535 meters) where an intermediate casing string has been set. The well is now drilling ahead towards the target interval of approximately 5,906 to 6,233 feet (1,800 to 1,900 meters) depth. Ntorya-1 is expected to reach total depth around the end of January.

The Ntorya-1 well is designed to test the high quality Basal Tertiary and Upper Cretaceous sands previously encountered in the Likonde-1 well, 9 miles (14 kilometers) to the north. Aminex estimates that the Ntorya Prospect has a probability of success of around 20%, with mean recoverable resource potential of 100 million barrels of oil equivalent.

Partners in the well are:

  • Ndovu Resources Ltd (Aminex) 56.25% (operator)
  • Tullow Tanzania B.V. 25%
  • Solo Oil plc 18.75%