Aminex Spuds Kiliwani-1 Well Offshore Tanzania

Aminex has spud the Kiliwani-1 well on the Nyuni/East Songo-Songo license offshore Tanzania. The well is being operated by Aminex's wholly-owned subsidiary Ndovu Resources Ltd. on behalf of a five company consortium. Joint venture partners are Ndovu Resources as operator with 395; RAK Gas commission with 25%; Key Petroleum with 20%; East African Exploration with 105 and Bounty Oil & Gas with 6%.

Kiliwani-1 will be drilled from the small island of Kiliwani, approximately one kilometer to the south-east of Songo-Songo Island and accessible from Songo-Songo via a causeway. It is be a directional well with the selected bottom hole location approximately 1,200 meters from the surface location. Drilled depth is planned to be approximately 2,500 meters and the target location is designed to test Lower Cretaceous sand stones which are the reservoirs at the Songo-Songo producing gas field.

Mobilization to the well site on Kiliwani Island and rig up, originally estimated to take approximately 2-3 weeks, have been successfully completed in 12 days.