Aminex's Tanzania Drilling Program on Schedule

Aminex's major drilling project offshore Tanzania is on course and the first well, Nyuni#1, is due be spudded in August. The Dafora F200 rig, to be transported from Romania to Tanzania, has now passed inspection and shipping details are being finalized. Contracts for supplies, equipment and personnel are being negotiated. The Nyuni#1 location, close to the Songo Songo gas field and the major Songas pipeline system, is planned to be drilled to a total depth of 3,050 meters subsea to test the Neocomian formation.

Nyuni #1 will be the first offshore exploration well in Tanzania for twelve years and is a focus of attention in the industry and with the government of Tanzania. Aminex plans to position itself as a leading oil and gas company in the region.