#ntorya 2

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…

Solo Oil raises £2M to fund Tanzania’s Ntorya 2 well testing

Solo Oil has announced that the company has raised £2,000,000 (before expenses) through a Company sponsored placing.

The net proceeds from the Placing will be used to fund the Company’s share of the imminent well testing programme for the recently drilled Ntorya-2 appraisal in Tanzania and the analysis of future development options for the Ntorya discovery, where Aminex plc is the operator.

“The…

Aminex Discovers Gas In Tanzania’s Ntorya-2 Well

Aminex has announced that the Ntorya-2 appraisal well located at the Ruvuma Production Sharing Agreement has been successfully drilled to a depth of approximately 2,750 metres and encountered a gross gas bearing reservoir unit of approximately 51 metres at 2,596 metres drilling depth.

According to Aminex the preliminary petrophysical analysis of the Logging While Drilling (LWD) logs indicates a…

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 Signs Rig Contract Signed for Ntorya-2 Well in Tanzania’s Ruvuma PSA

Tanzania’s Ruvuma PSA block operator Aminex has announced that it has executed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin.

The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment to the Ntorya 2 pad, which is 1500m away. The contract is for one firm well with an option for a second well.

Solo Oil Raises £2M to Fund Tanzania’s Ntorya-2 Appraisal well

Solo Oil has announced that it has raised £2,000,000 gross proceeds through the issue of 1,111,111,111 new ordinary shares in a Company sponsored placement to a single institutional investor, being Epsilon Pty to fund the Company’s share of the Ntorya-2 well in Tanzania and settle all outstanding amounts due to YA Global Master SPV, Ltd under an Equity Swap Agreement which has now been terminated.