#jay bhattacherjee

Aminex Reports Resource Estimate increase in Tanzania’s Ntorya Appraisal area

Aminex has reported a material increase in its estimate of gas initially in place (GIIP) in the Ntorya appraisal area, Tanzania a component of the Ruvuma PSA operated by Aminex and which has been successfully tested by two gas wells.

Aminex says it now considers that the Ntorya appraisal area has Pmean GIIP of 466 Billion Cubic Feet (BCF), being a three-fold increase over the previous estimate of…

Aminex Announces Spudding of Ntorya-2 in Tanzania

Aminex has announced that it has commenced drilling the Ntorya 2 appraisal well in the Ruvuma Basin, Tanzania.

The well is being drilled to an estimated total depth of 2860 metres and is targeting the same channel complex as Ntorya 1 but further updip of the reservoir.

“We are delighted to have commenced the drilling of the Ntorya 2 appraisal well in the Ruvuma Basin. Aminex is one of the few oil…

Aminex Receives One Year Extension For Ruvuma PSA

Aminex has announced that it has received a one-year extension for the Mtwara Licence of the Ruvuma Production Sharing Agreement after completing discussions with the Tanzanian Petroleum Development Corporation (TPDC) with the license due to expire late December 2016.

TPDC is processing the extension for Ministerial approval and signature.

Furthermore, Aminex has completed discussions with the…

Ntorya Appraisal drilling in Tanzania’s Ruvuma to commence in Q3

Appraisal drilling in the Ruvuma PSA following the Ntorya 1 discovery is expected to commence this summer according to Block operator Aminex.

Two wells will be drilled in the Block in 2016 including Ntorya-2 to offset and appraise the Ntorya-1 discovery as well as the Ntorya-3, also being planned to test the main channel system.

Ntorya-2  is expected to be drilled 1500m to southwest of discovery…

Aminex Announces Part Disposal And Farm Out Of Tanzanian Assets

Aminex has announced that it has reached an agreement with Bowleven plc for part disposal and farm out of its Tanzanian assets. Terms of the Bowleven Agreement include the disposal by Aminex of a 25% interest in the Kiliwani North Development Licence (KNDL) and farming into the Ruvuma PSA, including the Ntorya appraisal programme, for a 50% gross interest.

Under an inter-conditional agreement…

Tanzania’s Kiliwani North Gas Agreement to be Signed in Q3 2015

Tanzania’s Kiliwani North Gas Agreement to be Signed in Q3 2015

Production from the Kiliwani North Field could start in 2015 with the Tanzanian authorities having advised that production should start within Q3 2015 now that the main pipeline has been pressure tested and with the Gas Agreement expected to be signed this quarter.

The completion of a Gas Sales Agreement (GSA) is subject to…

Aminex receives deferral of a two well drilling commitment on the Nyuni Area PSA in Tanzania

Aminex  has notified shareholders that the Tanzanian authorities have agreed to the deferral of a two well drilling commitment on the Nyuni Area PSA, which was due to be completed by the end of October 2015, into the four-year First Extension which expires October 2019.

The deferral is conditional on an Environmental Impact Assessment, which has already commenced, and the eventual acquisition of…

Aminex to sell another 6.5% interest in Tanzania’s Kiliwani North Development Licence

Aminex is has said that it has received formal approval from the Tanzanian Authorities to sell up to 13% of its interest in Kiliwani North Development Licence (KNDL) to Solo Oil plc and thus there now remains no further conditions precedent to the sale of 6.5% KNDL to Solo for $3.5 million.

This follows the announcement by Aminex in early Februarythat Solo had signed the Asset Purchase Agreement…