RNS Number : 9422V
Aminex PLC
04 June 2008
4 JUNE 2008
AMINEX PLC
RESULT OF WELL TEST
Kiliwani North-1 well tests gas 40 million cubic feet/day
Aminex PLC, the oil and gas company listed in London and Dublin ("Aminex" or the
"Company") announces a successful well test at the
Kiliwani North-1 well in Tanzania.
Initial results from the test have established:
* A strong stabilised flow of gas at a rate of 40 million cubic feet/day, equivalent
to 6,700 barrels of oil per day, through a
72/64ths" choke;
* Strong flowing wellhead pressures;
* Condensate of one barrel per million cubic feet;
* No CO2 or H2S impurities.
Aminex Chairman Brian Hall said:
"This is an excellent test result, in excess of our expectations, and will enable us to
accelerate appraisal and commercialisation of
the KN-1 discovery which was announced to shareholders in March. It further justifies our
decision to go into the nearby Songo-Songo West
area, a new PSA for which was announced on 2 June."
For further information:
Brian Hall Aminex PLC London 020 7291 3100
Archie Berens Pelham PR London 020 7743 6679
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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