Aminex Kicks Off Seismic Survey at Nyuni Area

Aminex PLC announced commencement of a 208 miles (335 kilometer) 2D seismic survey in the Nyuni Area License, offshore Tanzania.

The survey will target the transition zone (shelf area) of the license between the coast and the deep-water section of the block. A combination of ocean bottom cable ("OBC") and a marine seismic source will be used in the shallow water and a land-based seismic source on the emergent reefs and islands.

This is the first time that the OBC technique has been used for a license-wide survey in the transition zone environment in this part of East Africa, where conventional shallow water seismic has proven to be less effective due to the number of reefs and islands restricting access to seismic vessels towing streamers.

It is anticipated that the survey will be completed in the next six weeks, following which the seismic data will be processed and interpreted.

Aminex is also planning a program of over 311 miles (500 kilometers) of 2D marine seismic in the deep-water portion of the Nyuni Area License in the second half of 2012. The combined transition zone and deep-water seismic programs will fulfill the seismic work required under the initial work period of the Nyuni Area PSA which extends through October 2013.

Aminex Chief Executive Stuard Detmer commented: "The transition zone seismic survey will provide significantly improved definition of existing structural leads and unprecedented imaging of the stratigraphic potential that has proven so successful in the deep water. The combined results of the two Nyuni Area seismic surveys will be used to target future drilling in the transition zone and deep-water sections of the block."

Partners in the Nyuni Area PSA are:

• Ndovu Resources Limited (Aminex) 70% (Operator)
• RAK Gas Commission 25%
• Bounty Oil and Gas NL 5%