Business Irish

Monday 19 March 2018

Aminex continues discussions with Tanzanian authorities on Ntorya well

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Ellie Donnelly

Ellie Donnelly

Irish oil and gas exploration company Aminex has announced that discussions with the Tanzanian authorities and engineering firms with respect to the management and drilling of the Ntorya-3 well are on-going.

A tender process is in progress for a rig to drill Ntorya-3, as well as for other exploration and development drilling in the Ntorya gas field, and potentially other assets which the company operates in Tanzania, Aminex said in a statement today.

The company also advised that total gross production from the Kiliwani North-1 well in 2017 was approximately 3.6 billion cubic feet.

The well produced 95 million cubic feet of gas during the month of December without intervention and due to natural pressure recharge.

In order to maximise recovery from Kiliwani North-1, Aminex and Tanzania Petroleum Development Corporation are working together on the installation of compression facilities, the company said in a statement to the Stock Exchange.

The company said that it is currently reprocessing existing seismic data over the Kiliwani North block and the adjoining Nyuni Area acreage close to the Songo Songo Island gas processing plant, with the aim of identifying potential new drilling targets that could be brought on stream relatively quickly to supplement gas production from the existing Kiliwani North-1 well.

Aminex also confirmed that an independent report was currently being prepared, which will provide an update on all of its Tanzanian permits. The report is expected to be completed early this year.

"Positive discussions are ongoing with the Tanzanian authorities to progress the outstanding Ntorya Development Licence application and shareholders will be updated as significant milestones are achieved," Aminex said.

Providence Resources

Meanwhile Irish oil and gas exploration company Providence Resources has announced the appointment of Mirabaud Securities as joint broker to the company.

Mirabaud will take up the broker role with immediate effect and will work alongside the company's existing Corporate Brokers, Cenkos Securitiesc and J&E Davy.

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