Aminex Notes Spudding of South Malak-1 Onshore Gulf of Suez

Aminex has announced the spudding of the South Malak-1 well on its West Esh el Mellaha ("WEEM-2") permit in the onshore Gulf of Suez area of Egypt.

South Malak-1 will be a vertical well and planned total depth is 2,775 meters (9,100 feet), aimed at testing Miocene and Pre-Miocene sands in the Nukhul, Matulla and Nubian formations, as well as fractured basement. The prospect is a rifted fault block structural trap.

The well is being drilled using the Shengly-Bohai ZJ-46 rig which drilled earlier wells on this concession and it is estimated that TD will be reached in approximately three weeks time.

South Malak-1 is the third well in a three-well program due to be completed this year. Aminex has a 10% beneficial, carried interest in this well through its shareholding in Aminex Petroleum Egypt Ltd.