Aminex Expects to Submit Ntorya FDP in Early September

Source: www.gulfoilandgas.com 7/20/2017, Location: Africa

Aminex has now received a further payment from Tanzania Petroleum Development Corporation (TPDC) for Kiliwani gas sales. The Company continues to work with TPDC to bring arrears fully up to date. Aminex has a strong balance sheet and is a debt-free gas producer. Production from the Kiliwani North 1 well continues to average 15 MMcf/d during 2017.

In the Ruvuma area the Company is fully engaged on its updated basin model which includes preliminary re-mapping of multiple stratigraphic fairways and updated resource numbers. A gas development plan is being prepared by io oil & gas consultancy. These, together with submission of the Ntorya Field development plan to TPDC, are expected to be completed in early September.

Aminex is also re-evaluating existing data over its licence interests around Songo Songo Island to identify further drilling targets which could ultimately produce additional gas into the Songo Songo Island processing plant.

For more information about related Opportunities and Key Players visit East Africa Projects


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